Gold Silver Reports (GSR) – Tata Motors Rises On Strong March Domestic Sales — Shares of the Mumbai-based car and commercial vehicle maker rose as much as 4.18 percent, the most in nearly five months, to Rs 357.70 after its domestic sales in March rose 35 percent to 69,440 units compared with 51,309 units sold a year earlier.
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Stocks in Asia Trade Mixed; Treasuries Steady
Gold Silver Reports (GSR)- Equity benchmarks fluctuated across the region and U.S. equity futures declined. A recovery in U.S. equities from a technology-fueled drubbing on Monday seemed to be largely overshadowed by the Trump administration’s announcement that came after the close of stock trading in New York. Treasuries were steady after sliding Tuesday as risk appetite returned.
Stocks To Watch: JSW Steel, Jubilant FoodWorks, Infibeam, Indiabulls Housing Finance
Gold Silver Reports (GSR) – Stocks To Watch: JSW Steel, Jubilant FoodWorks, Infibeam, Indiabulls Housing Finance – Indian equity benchmarks rose for second day in a row led by ICICI Bank, Reliance Industries and Mahindra & Mahindra. The S&P BSE Sensex rose 0.35 percent or 115 points to 33,370.63 and the NSE Nifty 50 index advanced 0.33 percent or 33 points to 10,245.
JSW Steel Buys 26% In Numetal’s India Arm To Facilitate Essar Steel Bid
Gold Silver Reports (GSR) – JSW Steel Buys 26% In Numetal’s India Arm To Facilitate Essar Steel Bid — While the Mauritius-based holding company is the resolution applicant for Essar Steel, the resolution plan will be implemented through the India entity – Nu Metal & Steel Pvt Ltd.
India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says
Gold Silver Reports (GSR) – India’s ‘Macro Concerns’ Will Hold Nifty Below 11,000, CLSA Says – NSE Nifty 50 Index won’t cross the 11,000 level in 2018 as concerns about the revenue and fiscal deficits, higher oil price and inflation, new taxes on equity gains and political uncertainties will continue to linger on and impact returns, CLSA India Pvt. said in an investor note Monday.
Binani Industries Offers Full Debt Repayment To Binani Cements Lenders
Gold Silver Reports (GSR Team) – Binani Industries Offers Full Debt Repayment To Binani Cements Lenders — Shares of Binani Industries rose as much as 5.7 percent to Rs 92.25 after the National Companies Law Appellate Tribunal has granted liberty to Binani Cement wherein lenders can settle insolvency proceedings out of court.
Infibeam Surges Most in Three Months After Smaller Cap World Fund Buys Stake
Infibeam Surges Most in Three Months After Smaller Cap World Fund Buys Stake — Shares of the Ahmedabad-based online shopping website operator rose as much as 6.5 percent, the most in three months, to Rs 162 after Smaller Cap World Fund Inc. bought 1.89 crore shares or 3.5 percent equity at Rs 152 each.