Gold Silver Reports (GSR) – DCM Shriram Falls After Profit Declines In March Quarter – Shares of the Delhi-based packaged food and fertiliser maker fell as much as 15 percent, the most in 17 months, to Rs 373.35 after its profit in March quarter declined 67 percent.
Stock Prices
Hindalco, NALCO, Vedanta Slump As Aluminium Price Falls Most Since 2010; Sugar Producers Rise On Expectation Of Cane Subsidy
Gold Silver Reports (GSR) – Hindalco, NALCO, Vedanta Slump As Aluminium Price Falls Most Since 2010 – Shares of Hindalco, Vedanta and NALCO fell as much as 9 percent after aluminium slumped 7 percent on London Metal Exchange, the most since 2010, following softening of the U.S. government’s stance on Russian sanctions.
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Stocks To Watch: Thomas Cook, Bharti Airtel, Shilpi Cables, Jet Airways
Gold Silver Reports (GSR) – Stocks To Watch: Thomas Cook, Bharti Airtel, Shilpi Cables, Jet Airways — A weaker yen supported Japanese equities at the start of Tuesday trading after the dollar climbed while investors maintained focus on the U.S. Treasury market, where the 10-year note flirted with 3 percent.
Nifty Futures Indicate Stock Losses; TCS In Focus After Strong Q4
Gold Silver Reports (GSR) – Nifty Futures Indicate Stock Losses; TCS In Focus After Strong Q4 — Central bank deputy governor Viral Acharya said he is likely to shift decisively to vote for a beginning of “withdrawal of accommodation” at the June meeting.
Metal Index Surges To Six-Week High Led By Hindalco, Vedanta
Gold Silver Reports (GSR) – Metal Index Surges To Six-Week High Led By Hindalco, Vedanta — S&P BSE Metal Index surged as much as 4.15 percent to a 6-week high, best performer among 19 sector gauges. Aluminum and nickel led a surge in metals prices amid turmoil unleashed by U.S. sanctions against United Co. Rusal.
Gruh Finance Gains After Announces Bonus Shares
Gold Silver Reports (GSR) – Gruh Finance Gains After Announces Bonus Shares – Shares of the lender rose as much as 6.5 percent after its fourth quarter net income beat analyst forecast. The company announced the issue of one bonus share for each held. The stock was the second-best performer on the S&P BSE 500 Index. Trading volume was 1.4 times its 3-month full-day average.
Deutsche Bank Taps the Brakes on Its Global Ambitions
Gold Silver Reports (GSR) – Deutsche Bank Taps the Brakes on Its Global Ambitions – It’s been reorganized and recapitalized, refocused and rebooted. For the better part of a decade, Deutsche Bank AG has been trying to retool itself for a tamer era of more regulation and less risk-taking. Now, as Germany’s biggest lender installs yet another chief executive officer, it’s facing the same old existential question: Should it focus more on rebuilding its domestic banking franchises, rather than continue trying to be Europe’s world-beating answer to Goldman Sachs Group Inc.?