Jute Product Makers Surge As Government Raises MSP

Gold Silver Reports (GSR) – Jute Product Makers Surge As Government Raises MSP – Shares of the jute product makers surged after the government raised minimum support prices for raw jute to Rs 3,700 per 100 kgs.

✅ Ludlow Jute & Specialties rose as much as 18.39 percent to Rs 103

✅ Cheviot rose as much as 5.68 percent to Rs 1,610      

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Sensex, Nifty Struggle; HDFC Twins Weigh

Gold Silver Reports (GSR) – Sensex, Nifty Struggle; HDFC Twins Weigh – Indian equity benchmarks were struggling dragged down by HDFC twins and ICICI Bank. However, the losses were capped as IT shares rose tracking weakness in Indian rupee against the U.S. dollar. The S&P BSE Sensex was trading 0.14 percent lower at 34,563 and the NSE Nifty 50 index fell 0.2 percent to 10,590.

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T Index Rises Over 1.5% Tracking Rupee Weakness

Gold Silver Reports (GSR) – IT Index Rises Over 1.5% Tracking Rupee Weakness – Shares of IT companies were trading higher tracking weakness in Indian rupee against the U.S. dollar. Gauge of IT companies on the NSE — Nifty IT index rose 1.57 percent.   

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Fortis Healthcare Rises: Radiant Revises Takeover Bid

Gold Silver Reports (GSR) – Fortis Healthcare Rises: Radiant Revises Takeover Bid – Shares of the Delhi-based hospital chain operator rose as much as 1.38 percent to Rs 154. KKR-backed Radiant Life Care Pvt. Ltd. revised its offer for Fortis Healthcare Ltd. after the board of India’s second-largest hospital chain decided it would only consider binding bids.           

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