- The market has opened higher with support from banks. The
Sensex is up 46.66 points or 0.2 percent at 28389.67, and the Nifty is up 9.70
points or 0.1 percent at 8754.05. About 277 shares have advanced, 80 shares
declined, and 24 shares are unchanged.
- Wipro, Cipla, Asian Paints, ITC and Sun Pharma are top
gainers while ONGC, BHEL, Adani Ports, Tata Steel and Reliance are losers in
the Sensex.
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RBI processes requests of entities applying for Bharat Bill. The applications received from banks and non-banks for
authorisation to operate as a BBPOU have been processed," RBI said in a
release.
- Government concerned over fall in prices of some lentils
The government has fixed the minimum support price (MSP) of moong at Rs 5,225
per quintal for this year. The wholesale prices of moong dal have started
declining sharply these days and at present are ruling at around Rs 5,750 per
quintal.
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Motilal Oswal Fin acquires 2.45 cr shares in arm for Rs 28 cr. The company has been allotted 2,45,39,907 equity shares of AFHCL, under right
issue on August 30, 2016 thereby leading to change in holding of 2.82 per cent
in share capital of AHFCL," it said in a regulatory filing.
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ICICI Lombard 'selective' in providing group health insurance. Country's largest private sector non-life insurer ICICI Lombard said that it is
selective in providing group health insurance as the combined ratio is on a
higher side in the segment.
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The market has opened on a strong note Tuesday. The Sensex is up 168.00 points
or 0.6 percent at28070.66 and the Nifty is up 46.10 points or 0.5 percent at
8653.55. About 602 shares have advanced, 160 shares declined, and 33 shares are
unchanged.
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ICICI Bank, Tata Steel, Adani Ports, GAIL and Tata Motors are gainers while
Bharti is loser.
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Dena Bank plans Rs 1,100 cr bonds. The Bank has placed an agenda to board of directors
seeking approval for raising of Basel III compliant Tier ll bonds up to an
amount of Rs 1,100 crore in one or more tranche, in one or more
instruments," it said in a regulatory filing.
Artson Engineering rises 9%, bags order worth Rs 24.43 crore
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Shares of Artson Engineering rose 9 percent
intraday Tuesday as it has received a Letter of Award (LoA) from Mumbai
Aviation Fuel Farm Facility (MAFFFPL) worth of Rs 24.43 crore.
Tata Motors, L&T, Cipla, Sun Pharma and Asian Paints are top gainers while
Adani Ports, Lupin, Bharti, SBI and Axis are losers in the Sensex.
- The market has opened flat reacting to Federal Reserve
Chair Janet Yellen's comments on rate hikes. The Sensex is up 39.01 points or
0.1 percent at 27821.26, and the Nifty is up 11.20 points or 0.1 percent at
8583.75. About 172 shares have advanced, 93 shares declined, and 17 shares are
unchanged.
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Sebi mulling relaxed norms for REITs, InvITs, startups listing. To make domestic capital markets more attractive, regulator
Sebi has lined up wide-ranging relaxations to its norms for REITs and InvITs
and an easier set of listing rules for startups. Several attempts are being
made to garner due attention from business houses in the country but all the
efforts failed leading to Sebi reconsidering the proposal to give further
relaxations.
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NSE to complete delisting process of 140 cos in two months. Trading in these 140 companies have remained suspended
for five years and more and their delisting would take place in a phased
manner, a top official with the NSE told PTI.
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See Q1 GDP at 7.8%; no rate cut by RBI in 2016:
Goldman Sachs. India’s first quarter gross domestic product, to be released on Tuesday, is
expected to come at 7.8 percent, Andrew Tilton of Goldman Sachs says adding
that positive impact of monsoon is underrated.
- The 50-share NSE Nifty started off September series on a
positive note, holding the 8600 level on support from banks and Tata Group
stocks.
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Tata Motors was the biggest gainer, up 1.5
percent ahead of quarterly earnings later today.
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Allcargo, CCI form supply chain JV; eye Rs 1,000 cr biz by 2020 The JV called
Avashya CCI Logistics, is targeting a revenue of Rs 1,000 crore by 2020 from
the present Rs 450 crore, Allcargo Chairman Shashikiran Shetty said.
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See Nifty gain 18.50 points at opening: Maximus Securities According to Maximus
Securities, trading of CNX Nifty futures on the Singapore stock exchange indicates
that the Nifty could gain 18.50 points at the opening bell.
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Kenya Power, Toshiba sign pact to reduce distribution losses The MoU
(memorandum of understanding) will guide installation, testing and evaluation
of equipment that will be supplied by TTDI, on a trial basis, to improve
efficiency and reduce both technical and commercial losses in the distribution
network, a press statement said.
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Tata Global Beverages, Tata Trusts partner Smile Train Tata Global Beverages
and Tata Trusts are together contributing USD 1 million to Smile Train, Tata
Global Beverages and Tata Trusts said in a statement.
- The Sensex is up 74.49 points or 0.3 percebt at 28134.43
and the Nifty is up 25.45 points or 0.3 percent at 8675.75. About 562 shares
have advanced, 165 shares declined, and 26 shares are unchanged.
- Cipla, Bajaj Auto, Axis Bank, Maruti and TCS are top
gainers while Wipro, Infosys, BHEL, NTPC and HDFC are losers in the Sensex.
- Crude dropped to a one-week low after a government report
showed that US crude inventories unexpectedly rose last week.
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Gold prices slipped to a 4-week low as investors seemed to move from the
sidelines ahead of a speech by Federal Reserve Chair Janet Yellen this weekend.
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Sebi confirms ban on 11 entities in tax evasion case. The Securities and Exchange Board of India
(Sebi), via an interim order dated June 1, this year had prohibited 76 entities,
including the aforesaid 11, from the securities market for suspected money
laundering and tax evasion activities.
