Tag: BSE

Copper futures up on rising demand

Copper futures up on rising demand

18/09/2017 17:37

Copper futures were trading higher during the evening trade in the domestic market on Monday amid a firming global trend and pick up in spot demand.

Marketmen attributed the rise in copper futures to a firming trend in base metals in global market as housing data from China showed continued gains for prices. Rising demand from consuming industries at domestic spot markets supported the upside, they said.

At the MCX, copper futures for November 2017 contract was trading at Rs 423.95 per kg, up by 0.92 per cent, after opening at Rs 421.90, against a previous close of Rs 420.10. It touched the intra-day high of Rs 425.20 (at 17:40 hours).

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Lead futures dip on subdued demand

Lead futures dip on subdued demand

14/09/2017 17:01

Lead futures were trading lower during the evening trade in the domestic market on Thursday as participants reduced their exposure amid subdued demand from consuming industries in the spot market.

Marketmen said the weakness in lead futures was due to a sluggish demand from battery-makers at the domestic markets.

At the MCX, lead futures for September 2017 contract is trading at Rs 144.45 per kg, down by 1.06 per cent, after opening at Rs 146.40, against a previous close of Rs 146. It touched the intra-day low of Rs 144.20. (at 17:02 hours).

Wipro dips 5% as stock turns ex-date for buyback

Wipro dips 5% as stock turns ex-date for buyback

14/09/2017 12:15

Shares of Wipro tumbled nearly 5 per cent on the Bombay Stock Exchange after the stock turned ex-date for the proposed buyback today.

As on September 1, 2017, the company has fixed September 15, 2017 as the record date for the purpose of determining the entitlement and the names of equity shareholders who are eligible to participate in the buyback.

Weighed down by the development, shares of the company declined as much as 4.88 per cent to trade at intra-day low of Rs 281.60 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 4.21 per cent lower at Rs 283.45 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,196.40, up 9.99 points, or 0.03 per cent, at 12:15 hours.

Tata Motors’ global sales up 9% in Aug, at 94,201 units

Tata Motors’ global sales up 9% in Aug, at 94,201 units

13/09/2017 12:47
Tata Motors has reported 9 per cent increase in global sales for last month to 94,201 units, including that of Jaguar Land Rover (JLR) vehicles.

The company had sold 86,288 units in August 2016, Tata Motors said in a statement.

In the passenger vehicles category, global sales stood at 58,858 units last month as against 56,104 units during the same period in 2016, a growth of 5per cent.

Sales of luxury brand JLR were up 5per cent to 44,420 units in June as compared to 42,260 units in the same month of 2016.

Tata Motors said sales of its commercial vehicles rose by 17 per cent to 35,352 units as against 30,184 units in the year-ago month.

Meanwhile, shares of the company were trading at Rs 391.70 apiece, up 1.16 per cent from the previous close at 12:52 hours on BSE.

Godrej Industries up 4% as arm gets Sebi nod for IPO

Godrej Industries up 4% as arm gets Sebi nod for IPO

12/09/2017 12:46

Shares of Godrej Industries jumped over 4 on the Bombay Stock Exchange after its arm Godrej Agrovet got Sebi’s approval to raise nearly Rs 1,000-1,200 crore through public listing of stocks.

Cheering the news, shares of the company gained as much as 4.20 per cent to hit an intra-day high of Rs 658.35 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 2.83 per cent higher at Rs 649.30 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,049.22, up 167.06 points, or 0.52 per cent, at 12:50 hours.

Mentha oil futures down on easing demand

Mentha oil futures down on easing demand

06/09/2017 17:02

Mentha oil futures were trading lower during the evening trade in the domestic market on Wednesday as investors and speculators cut down their positions in the agri-commodity amid muted physical demand for mentha oil from major consuming industries in the domestic spot market.

Further, exiting of bets by traders in the spot market was due to a fall in physical demand for mentha oil from consuming industries at the domestic spot market against sufficient stocks position on higher supplies from producing regions.

At the MCX, mentha oil futures for September 2017 contract was trading at Rs 1179 per kg, down by 0.10 per cent, after opening at Rs 1179, against the previous closing price of Rs 1180.20. It touched the intra-day low of Rs 1167.60. (at 17:05 hours).

Ashok Leyland Defence signs MOU with Rosoboronexport, ELCOM

Ashok Leyland Defence signs MOU with Rosoboronexport, ELCOM

06/09/2017 12:53

Ashok Leyland Defence Systems (ALDS), Hinduja Group company has signed a Memorandum of Understanding (MOU) on Cooperation with Russia’s Rosoboronexport (ROE) and ELCOM, on the sidelines of the International Military Technical Forum Army – 2017 held at Kubinka, near Moscow, on August 25, 2017.

Rosoboronexport is the only state organisation in Russia for export of the entire range of military products and technologies, the company said in a BSE filing.

ROE represents Russian companies who are manufacturers of Infantry Fighting Vehicles and Main Battle Tanks, currently working with the Indian Army.

ELCOM Group is emerging as a significant player in strategic electronics, avionics and tactical communication globally.

Meanwhile, shares of the company were trading at Rs 112.50 apiece, down 0.57 per cent from the previous close at 12:55 hours on BSE.

Yellow metal climbs on firm global trend

Yellow metal climbs on firm global trend

04/09/2017 13:23

Gold futures were trading in the red in the domestic market on Monday as after speculators raised their bets, tracking a firm global trend.

Analysts attributed the rise in gold prices at the futures trade here to a firm trend overseas where it hit 10-month high on escalating geopolitical tensions after North Korea’s latest nuclear test drove investors towards safe-haven assets.

At the MCX, gold futures for October 2017 contract was at Rs 30214 per 10 grams, up by 1.31 per cent, after opening at Rs 30011 against a previous close of Rs 29823. It touched the intra-day high of Rs 30267 (13:22 hours).

RIL up over 1% on plans to raise fund via NCDs

RIL up over 1% on plans to raise fund via NCDs

31/08/2017 12:05

Shares of Reliance Industries rose over 1 per cent on the Bombay Stock Exchange after Mukesh Ambani-led company said it will make an offer for issuing nonconvertible debentures (NCDs) worth Rs 2,500 crore next week.

Buoyed by fund raising plans, shares of the company gained as much as 1.52 per cent to hit intra-day high of Rs 1588.00 apiece on the Bombay Stock Exchange. The stocks were currently trading at Rs 1583.95 against previous close price of Rs 1564.15.

In a similar fashion, shares of the company were trading 1.28 per cent higher at Rs 1,584.10 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 31,569.70, down 76.76 points, or 0.24 per cent, at 11:55 hours.

Gold futures rise on firm global cues

Gold futures rise on firm global cues

28/08/2017 13:27

Gold futures were trading up in the domestic market on Monday on speculative buying amid a firm global trend.

Analysts said a firm trend in global markets, as a weak dollar boosted the demand for safe-haven investment, influenced gold prices at the futures trade.

At the MCX, gold futures for October 2017 contract was at Rs 29247 per 10 grams, up by 0.27 per cent, after opening at Rs 29195 against a previous close of Rs 29167. It touched the intra-day high of Rs 29290 (13:25 hours).