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Electrosteel Steels Surges On Detailing steps for acquisition by Vedanta

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Gold Silver Reports (GSR) – Electrosteel Steels Surges On Detailing steps for acquisition by Vedanta – Shares of the debt-ridden steel producer rose as much as 4.42 percent to Rs 1.18. Electrosteel Steels spelled out steps to be taken for completion of its takeover by Vedanta Star and subsequent delisting from stock exchanges.             

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Indiabulls Real Estate Surges After Buying Its Own Shares; McLeod Russel Gains On Plans To Sell Tea Estates

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Gold Silver Reports (GSR) – Indiabulls Real Estate Surges After Buying Its Own Shares – Shares of the Delhi-based real estate developer rose as much as 5.11 percent to Rs 180.95 after the company purchased its own shares in yesterday’s session. Indiabulls Real Estate bought 27 lakh shares or 0.6 percent equity at Rs 175.58 per share. 

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Avanti Feeds Falls Most In Over Two Months

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Gold Silver Reports (NBR) – Avanti Feeds Falls Most In Over Two Months –  Avanti Feeds Falls Most In Over Two Months – Shares of the Hyderabad-based shrimp feed maker fell as much as 16.91 percent, the most since March 26, to Rs 1,235 on the back of heavy volumes.

Trading volume was 4.3 times its 20-day average. 

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Dr. Reddy’s Lab Gains After FDA Inspection Concludes

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Gold Silver Reports (GSR) – Dr. Reddy’s Lab Gains After FDA Inspection Concludes – Shares of the drugmaker rose as much as 3.8 percent to Rs 2,013.85. The U.S drug regulator concluded inspection at the pharmaceutical company’s Srikakulam Plant with no observations.                     

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Bombay Stock Exchange (BSE India)

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BSE Drops Two Pharma Stocks From Sensex

Gold Silver Reports (GSR) – The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Mumbai (formerly Bombay). Established in 1875, the BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia’s first stock exchange. It claims to be the world’s fastest stock exchange, with a median trade speed of 6 microseconds. The BSE is the world’s 10th largest stock exchange with an overall market capitalization of more than $2.3 trillion on as of April 2018.

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