Gold Silver Reports (GSR) – The S&P BSE Sensex rose 0.3 percent to 34,302 while the NSE Nifty 50 gained 0.5 percent to 10,530. The market breadth was tilted in favour of the sellers all through the session.
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UCO Bank Set For Biggest Drop Since 2003
Gold Silver Reports (GSR) – UCO Bank Set For Biggest Drop Since 2003 – Shares of the Kolkata-based bank fell as much as 18 percent before trading down about 8 percent as of 11:10 a.m. in Mumbai on Monday. The 10-member Bankex index was little changed.
Indiabulls Ventures Jumps On Heavy Volumes
Gold Silver Reports (GSR) – Indiabulls Ventures Jumps On Heavy Volumes – Shares of the broking services provider jumped as much as 19 percent, the biggest move since Feb. 8, 2017. Trading volume was 16.4 times the 20-day average for this time of day. The stock has risen 45 percent in the past month, compared with the 2.9 percent advance in the Sensex Index.
Bulls Lifting Indian Stocks Send Sensex Above Key Levels
Gold Silver Reports (GSR) – Bulls Lifting Indian Stocks Send Sensex Above Key Levels – The surge in India’s S&P BSE Sensex Index to a six-week high has pushed it above its 50-, 100- and 200-day moving averages for the first time since the week following the federal budget of Feb. 1.
Breaking News; Supreme Court Halts Reliance Communication Asset Sale
Gold Silver Reports (GSR) – Supreme Court Halts Reliance Communication Asset Sale – Shares of the debt-ridden company fall as much as 4.7 percent after the apex court halted its asset sale. HSBC Daisy Investments and other minority shareholders had moved Supreme Court against National Company Law Appellate Tribunal (NCLAT)’s order that allowed State Bank of India-led bankers to sell mortaged assets of Reliance Infratel, the tower unit of Reliance Communications.
NSE Studying Technical, Legal Aspects of SGX’s India Futures
Gold Silver Reports (GSR) – Indian exchanges had on 9 February decided to bar overseas exchanges from trading in Nifty derivatives, in an attempt to check migration of trades away from Indian exchanges. Two months later, on 11 April, SGX announced a new product which works just like the Nifty index, bypassing the Indian exchanges.
Cipla Shares Rise 4.2% On Heavy Trading Volume
Cipla Shares Rise 4.2% On Heavy Trading Volume – Shares of the drugmaker rose 4.2 percent to Rs 579, the highest level since March 12. Trading volume was more than triple the 20-day average for this time of day. The stock is at an 11 percent discount to the analysts’ consensus …
ICICI Bank Block Deal Alert
ICICI Bank Block Deal – ICICI Bank has 12 lakh shares change hands in a block deal Buyers and sellers were not immediately known.
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.
UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud
Gold Silver Reports (GSR) – UCO Bank Slumps As Ex-Chairman, Others Charged In Fraud — The stock plunged 18 percent intraday to lowest since August 2006 and was the worst performer on S&P BSE 500, NSE 500 and Nifty Smallcap gauges. The trading volume is 70.1 times the 20-day average …