HDFC Bank Share Price Slip Ahead Of Shareholders’ Meeting

Gold Silver Reports (GSR) – HDFC Bank Share Price Slip Ahead Of Shareholders’ Meeting – Shares of the country’s largest private sector lender fell as much as 0.8 percent to Rs 2,114 ahead of its annual shareholders’ meeting scheduled later in the day.         

Meanwhile, the HDFC Bank had 11.6 lakh shares changed hands in a single bock deal on BSE. 

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Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits

Gold Silver Reports (GSR) – Focus Stocks: Titan, Tata Steel, Adani Ports, Fortis, United Spirits — Indian equity benchmarks declined for second straight day as June derivative contracts expired….. Rupee (₹) declining to a record low coupled with escalating global trade tensions added to the negative sentiment.                

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Trade War Hits Stocks as $8 Trillion in Bear Market

Gold Silver Reports (GSR) – Trade War Hits Stocks as $8 Trillion in Bear Market — The MSCI Emerging Markets Index sank to the lowest in 10 months, while 18 out of 24 currencies tracked by Bloomberg fell. The Shanghai Composite Index has tumbled 20 percent from its peak in January, with China joining nations such as Turkey and Pakistan in crossing that threshold. The risk premium on sovereign bonds over U.S. Treasuries widened.

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Equities Tumbled Around the World on Reports

Gold Silver Reports (GSR) – Equities tumbled around the world on reports that the Treasury department will propose limits on Chinese technology investment, straining already tense relations between the world’s two largest economies. Navarro said on CNBC that there were no plans to impose restrictions, sparking a late-day rebound. China and Europe warned the escalating trade war could trigger a global recession.                    

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KRBL Slides After Report On Former Director’s Role In AgustaWestland Case

Gold Silver Reports (GSR) – KRBL Slides After Report On Former Director’s Role In AgustaWestland Case – Shares of the food processing company fell as much as 20.3 percent to Rs 373.50. — The company’s former director Gautam Khaitan was arrested by the enforcement directorate (ED) in connection with the AgustaWestland case, according to a report by The Sunday Guardian.

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Mutual Fund Investments in Debt Securities Lowest in 5 Years

Gold Silver Reports (GSR) – Mutual Fund Investments in Debt Securities Lowest in 5 Years – Mutual funds pulled out ₹ 14,085.55 crore from debt securities in May, regulatory data showed, shifting to equities amid rising bond yields and higher fixed deposit rates. According Securities and Exchange Board of India (Sebi), this is the lowest mutual fund investment in debt markets since July 2013. In comparison, debt securities saw mutual fund inflows of ₹ 20,164.82 crore in April and ₹ 9,514.37 crore in May 2017.

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