On export front, the tractor sales in June 2020 stood at 228 tractors against 312 tractors sold in June 2019.
The rupee is finding support and has appreciated in the past few sessions. However, the Dollar index has managed to move above its intermediate hurdle of 97.5. We feel this will keep EM currencies move in check including rupee, says ICICIdirect.
Carlyle Group will make the investment in Bharti Airtel's Nxtra Data at a valuation of $1.2 billion. Bharti Airtel will continue to hold the remaining 75 percent holding in Nxtra Data.
The company is planning to monetise its 11.15 percent stake in Indus Towers on completion of its merger with Bharti Infratel.
CLSA has reiterated sell call on the stock with a target at Rs 55 per share.
Mitessh Thakkar of mitesshthakkar.com recommends buying ACC with a stop loss of Rs 1,305, target at Rs 1,390 and Ambuja Cements with a stop loss of Rs 190, target at Rs 205.
International investments are considered financially secure and a very reliable form of investing. Keeping the above points in mind, here are five benefits of investing in global securities.
The pattern setup is yet another sign of diminishing strength & a breakdown below 10,200 from hereon would confirm the bearish reversal pattern & commencement of the counter trend.
Currently, volatility is high. We are expecting volatility drop and an increase in theta rate will benefit this strategy trade.
The shorter-term moving average is above the longer-term moving average and both the averages are rising.
Deepak Fertilisers has consolidated in the last one year and should do well in a good monsoon year.
Gayatri Projects | Godfrey Phillips | Techno Electric | Kalpataru Power | Marico | APL Apollo Tubes | Cupid | Laurus Labs | Emami Realty | JSPL | Uflex | Goa Carbon | Munjal Auto Industries are also in focus today.
Trends on SGX Nifty indicate a negative opening for the index in India with a 45 points loss.
Among sectors, buying seen in the banks, FMCG, energy and metal, while pharma was under pressure. BSE Midcap and Smallcap indices ended with marginal gains.
The Dow Jones Industrial Average rose 217.08 points, or 0.85%, to 25,812.88, the S&P 500 gained 47.05 points, or 1.54%, to 3,100.29 and the Nasdaq Composite added 184.61 points, or 1.87%, to 10,058.77.
Nifty was seen consolidating in the range of 10,200 to 10,400 with prices holding well above its 200-days exponential moving average on weekly charts.
Brent crude rose 33 cents, or 0.8%, to $41.60 a barrel by 0044 GMT after declining more than 1% on Tuesday. U.S. crude was up 42 cents, or 1.1%, at $39.69 a barrel, having dropped by 1.1% in the previous session.
Stocks futures were mixed in early Asian trade with e-mini for the S&P 500 down 0.19% while with Japan's Nikkei 225 futures rose 0.2%.
The transaction is subject to approval from shareholders of JSPL and lenders of JSIS Oman, among others.
It added that the board will also consider declaration of interim dividend to equity shareholders.
Vertoz Advertising share price was locked in the 10 percent upper circuit at Rs 78.85 on June 30
Key support level for the Nifty is placed at 10,245.93, followed by 10,189.77. If the index moves up, the key resistance levels to watch out for are 10,379.63 and 10,457.17.
Record cuts were meant to last until the end of June but then had been extended into July. The sources said no discussions have taken place so far about extending the record cuts into August, meaning they were most likely to be eased to 7.7 million bpd until December.
BoB reported a standalone net profit of Rs 506.59 crore for the fourth quarter ended March, as against Rs 991.37 crore in the January-March quarter of the preceding fiscal.
With California and Texas marking a record spike in cases on Monday, investors are counting on more stimulus to shore up the domestic economy.