Gold Silver Reports (GSR) – Shaily Engineering Surges To Record High After HDFC MF Buys Stake – Shares of the Gujarat-based plastic products maker rose as much as 8 percent to record high of Rs 1,510 after HDFC Mutual Fund bought stake in the company. HDFC Mutual Fund bought 99,134 shares or 1.2 percent equity at Rs 1,300 each, according to data available on the stock exchanges.
Gold Silver Reports (GSR) – Reliance Naval & Engineering Falls The Most In Over Five Years – Shares of the defence equipment maker fell as much as 19.3 percent to Rs 18.4, the most since July 2012 after company auditors raised doubts over its ability to “continue as a going concern.”
Gold Silver Reports (GSR) – Emami Gains After Board Plans To Consider Bonus Issue – Shares of the healthcare product maker rose as much as 7.3 percent, the most in over three months to Rs 1,204. The company said in a stock exchange filing that it plans to consider bonus shares and a dividend at a board meeting on May 3.
Gold Silver Reports (GSR) – Wipro Worst Performer on Sensex, Nifty After Q4 Earnings Disappoint – Shares of the information technology company fell as much as 4.6 percent to Rs 274, after weak March quarter earnings missed estimates widely.
Gold Silver Reports (GSR) – Money Market Update – The rupee is seen opening steady at around its weakest in nearly 14 months at 66.8950 per dollar, pressurised by foreign fund outflows and rising oil prices. ANZ, Standard Chartered and Maybank are among a spate of foreign bank and brokerages that have lowered their forecasts for the rupee amid worries about a widening current account deficit.
Gold Silver Reports (GSR) – The S&P BSE Sensex fell 0.3 percent or 115.37 points to 34,501.27 and the NSE Nifty 50 index declined 0.4 percent or 43.80 points to 10,570.55. India’s benchmark indices snapped their two-day winning streak dragged down by bank and metal stocks amid the weakening rupee which fell to a fresh 13-month low.
Gold Silver Reports (GSR) – Rupee Extends Losses, Hits Fresh 13-Month Low – Rupee extended decline against the U.S. dollar to hit fresh 13-month low. The local unit fell as much as 38 paise or 0.58 percent to 66.77 per U.S. dollar.