Welcome to the blog live from the Palais de la Monnaie. Follow this section for the latest trade show updates.

23. June 2020, 12:21:01 PM IST

Market update

Indian equities rose Tuesday, driven by growth in all sectors as global investor flows increased, while information technology stocks shifted their price to trading at a higher level, freeing them from concerns about US visa restrictions.

At 12:18 Sensex rose 226.40 points or 0.65% to 35,137.72, while Nifty rose 75.50 points or 0.73% to 10,386.70.

Foreign institutional investors have been net buyers in recent sessions, according to Central Depository Services data, suggesting that more global investors are displacing some of the huge surplus money injected into the banking system by central banks to buy back from Mumbai.

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23. June 2020, 12:01:14 EC TREATY.

L&T Construction has signed important contracts with several companies

L&T’s Construction division has awarded contracts from ₹2 500 crores to ₹5 000 crores for its transport infrastructure activity and its water and wastewater treatment activity, as evidenced by the company’s regulatory documents.

23. June 2020, 11:45:42 IST

Pichai Custard for freezing H1-B visas

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23. June 2020, 11:41:44 AM IST

Motilal Oswald in the automotive industry

The Covid 19 pandemic not only slowed down the first signs of recovery observed in the 2Ws/PVs, but also created uncertainties due to various unknowns about its consequences. This could reinforce the impact on demand in FY 21 of the price increases related to the BS6 index.

-The rating reflects the recovery to 2HFY21 and leaves a limited safety margin for unpleasant surprises. We therefore prefer companies that: (a) have greater visibility in terms of the recovery of demand, (b) have a strong competitive position, (c) have margin factors and (d) have a strong balance sheet.

-MM and EIM are our best kits for big wheels. Among the funds we prefer the MSS.

23. June 2020, 11:34:56 IST

Yes Purchase of securities from Greenlam Industries is permitted

Ja Securities has maintained its purchase note on Greenlam Industries with a target price ₹1.031 and a growth potential of 34%. Based on our review of the channel reviews and management comments, we remain convinced that a market leader like CRLM will emerge stronger from the COVID scenario with a strong balance sheet and excellent working capital and supply chain management. We maintain our BUY rating with the target price of ₹1.031/share – DCF value with an assumed P/E multiplication factor of 24.7x in FY 22E, the broker said.

23. June 2020, 11:16:24 IST

India leads the way on 30 July: a customs barrier for solar panels, modules and inverters has

In what would be the import of expensive solar panels, modules and inverters from China, India will impose a high levy once the protective levy currently in force on 29 January 2009 is lifted. July, according to two people who are aware of the developments.

In order to establish this 20% tariff barrier for the import of green energy equipment, the Ministry of New and Renewable Energy will shortly write a letter to the Ministry of Trade and Industry. (Full report)

23. June 2020, 11:04:01 IST

Yes 0.6% reduction of bank

The private lender Yes Bank Ltd. reported that the Reserve Bank of India (RBI) had temporarily prohibited it from paying interest on its Tier 2 bonds issued on 29 April 2008. June because of the low capital. (Full report)

23. June 2020, 10:56:53 IST

Update about Rupiah

The rupee rose by 16 pauses to 75.87 against the U.S. dollar at the beginning of Tuesday as the steady inflow of foreign funds and growth in the domestic equity market boosted investor confidence.

Rupina opened strongly at 75.86 against the US dollar. However, it soon dropped a little lower and was traded at 75.87 against the U.S. dollar, which means 16 fractures of the previous close.

23. June 2020, 10:44:56 IST

BSE MidCao Increase of 1.3%

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23. June 2020, 10:32:19 IST

Eyrtel Bharti 0.5% Tickets

Fitch Ratings has revised Bharti Eyrtel’s outlook for the long-term foreign currency issuer rating (IDR) from stable to BBB- to negative. The rating agency said that the change in outlook is due to sovereign factors and that Bharti and Ebitda (earnings before interest, taxes, depreciation and amortization) are expected to remain stable due to the improvement in the Indian mobile phone market and the continued growth of African markets, despite the impact of the coronavirus pandemic.

23. June 2020, 10:07:07 IST

Banque de Baroda is likely to report a loss of krore ₹161 for Q4.

Baroda State Bank (BoB) is expected to report a net loss of ₹161 kroor for the March quarter of fiscal year 2020, compared to a loss of ₹991 kroor for the same period last year, according to a survey of an average of 11 analysts conducted by Bloomberg.

The bank today announces its fourth quarter results.

23. June 2020, 10:02:42 IST

GE Power loss 2%

The company reported a decline in consolidated net income of more than 44% for the quarter ending March 2020 on ₹14.87 Crore. GE Power posted a consolidated net profit of ₹26.85 for the quarter ending March 2019, as evidenced by the files submitted by regulators.

23. June 2020, 09:54:46 IST

The information region grew by 4.5%

Info Edge (India) Ltd, the parent company of the recruitment portal Naukri.com, approved on Monday a plan to increase to ₹1 875 crores through the Qualified Institutional Proposal for Employment (QIP).

23. June 2020, 09:47:20 IST

Is the euphoria generated by the Glenmark share inappropriate?

As investors chased Monday of Glenmark shares after the announcement of regulatory approval for the launch of an oral antiviral drug to treat patients with low and moderate Covid 19 status, analysts said the euphoria was inappropriate and would soon start whistling. After Glenmark announced the launch of Favipiravir, the antiviral product under the FabiFlu brand, the share rose by 40% on Monday. (Full report)

23. June 2020, 09:45:50 IST

ICICI Prudential life insurance up 1%

The Singapore government on Monday acquired shares of ICICI Prudential Life Insurance Ltd for a value of ₹643.4 crore, the stock exchange said. The shares have been purchased from the sponsor of the life insurance company ICICI Bank Ltd. on ₹391.6.

23. June 2020, 09:42:04 IST

HDFC HMA up almost 1%

The company’s regulatory document indicates that its promoters currently own 73.97% of the shares and that it currently complies with the minimum standards for Sebi’s equity investment.

23. June 2020, 09:40:58 IST

Sustainable agriculture Maintains sales momentum for Balkrishna Industries

Revenues increased only 0.4% year-on-year due to lower prices and sales. However, thanks to the low raw material costs, the operating result increased by 21% compared to the previous year. On Monday stocks increased by about 2%. (Full report)

23. June 2020, 09:38:13 IST

Sebi simplifies fundraising standards for problem farms

On Tuesday, the market regulator, the Securities and Exchange Board of India (Sebi), relaxed the rules for pricing preference shares issued by subordinated companies to raise funds. This measure was first implemented on the 22nd. This was presented in a discussion paper in April.

Currently, the issuer of preference shares has to take into account two share price indicators: the average value of the weekly maximum and minimum value during 26 weeks and the average value of the weekly maximum and minimum value during two weeks before the shares are issued. The price of the preference share should at least be higher for these two indicators. (Full report)

23. June 2020, 09:35:41 IST

Reduction of inventory IT

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23. June 2020, 09:31:12 IST

GPG Bank Gathering, IT shares under pressure

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23. June 2020, 09:25:52 IST

Market opening

India’s major indices opened green on Tuesday, after clear signals from global competitors. Sensex opened 104 points or 0.3% higher at 35,015.73, while Nifty rose 36 points or 0.4% to 10,347 points.

Bajaj Finance, which grew by 2%, became the leader of the Sensex winners, followed by IndusInd Bank, Bajajaj Auto and Power Grid. Among the stragglers were Infosys, TechM, TCS, ITC.

Of the 30 Sensex shares, 6 were in red at the opening.

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23. June 2020, 09:10:16 IST

Provisional market opening

Indian shares traded higher on the Tuesday prior to the opening session. At 9:07 a.m. Sensex rose 105.40 points or 0.3% to 35,016, while Nifty rose 37 points or 0.4% to 10,347.

23. June 2020, 08:45:50 IST

Markets closed on Monday

India’s stock market indices closed Monday more than 0.5% higher, based on strong purchases by banks, the metal and pharmaceutical industries. Sensex closed 180 pips or 0.52% above 34,911, while Nifty got 67 pips or 0.65% and settled at 10,311.

23. June 2020, 08:41:48 IST

Growth of Asian markets in early trade

Stocks increased, especially on Tuesday, as investors still see a positive impulse in the resumption of economic growth around the world, allaying fears of a second wave of contagion.

Australia ASX All orders increased by 0.30%.

The Shanghai Southeast China Composite Index rose by 0.08%.

Hong Kong Hang Seng added 0.54%.

SGX Nifty in Singapore rose 0.3%, indicating a positive opening for Indian equities.

23. June 2020, 08:40:54 IST

Wall Street ends above

The three major Wall Street indices closed higher on Monday, with the strongest progress in technology stocks, as investors focused on the possibility of additional government incentives, although they are concerned about an increase in coronavirus cases in the US and elsewhere.

The Dow Jones Industrial Index rose 153.5 points, or 0.59%, to 26,024.96, the S&P 500 rose 20.12 points, or 0.65%, to 3,117.86 and the Nasdaq Composite rose 110.35 points, or 1.11%, to 10,056.48.stock market analysis today,latest market news,indian share market open today,economic times,share market analysis,stock market news today,current market news,why market is up today