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Stocks to look out for Monday:19 AUG 2017

Stocks to look out for Monday: Power Grid Corporation of India Ltd: Power Grid Corporation of India Ltd has informed the exchange that it has entered into loan agreement of US $500 million with Asian Development Bank. The stock will be watched on Monday. Bajaj Electricals Ltd: Bajaj Electricals Ltd has notified the exchange about

India gold discounts widen as South Korea imports add to supply

Gold prices in India were at their widest discount to international prices in 11 months on Friday due to sluggish demand and an influx of the precious metal sourced from South Korea. Indian traders are likely to import 25 tonnes of gold from South Korea in July-August, taking advantage of a recent tax change that

TOP MARKET NEWS – 19 AUG 2017

Infosys buyback priced at Rs 1,150 per share Global software major Infosys Ltd on Saturday announced it buy back 11.3 crore shares of Rs 5 face value at Rs 1,150 per share via a tender offer. “The Board has approved a proposal to buy back 11.3 crore equity shares of Rs 5 face value from

MCX COMMODITY EVENING NEWS UPDATES – 18 AUG 2017

Oil torn between broader market selloff, signs of tightening supply – Oil prices were largely steady on Friday, torn between a broad-based selloff across markets and signs that crude supplies are gradually tightening. Oil prices have been weighed down amid a selloff across markets, including U.S. and Asian stocks, where investors voted with their feet

TOP CORPORATE NEWS- 18 AUG 2017

Infosys plunges as MD and CEO Vishal Sikka resigns Vishal Sikka resigns as MD & CEO of Infosys; appointed as Executive Vice Chairman. UB Pravin Rao appointed as interim MD and CEO, stock to be in focus. Prima facie, we view this development as negative for Infosys. MCX drops as SEBI to submit auditor’s report

SENSEX ENDS DOWN 250 POINTS LOWER, NIFTY BELOW 9850

INDIAN BENCHMARKS: SENSEX ENDS DOWN 250 POINTS LOWER, NIFTY BELOW 9850 Dragged largely by a weak day of trade on Infosys, benchmark indices ended the session and the week on a negative note, with the Nifty snapping 9900-mark. The Sensex closed down 270.78 points at 31524.68, while the Nifty ended lower by 66.75 points at

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