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TOP CORPORATE NEWS-22 JULY 2019

Oriental Bank of Commerce post net profit of Rs112.7cr For Q1FY20, Oriental Bank of Commerce (OBC) posted net profit of Rs112.7cr vs. loss of Rs393.2cr in the corresponding quarter previous year. The bank’s NII at Rs1,370.6cr was up 2.6% yoy. The gross NPA for the quarter came in at Rs21,369cr while the net NPA stood

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 22 JULY 2019

Closing Bell: Nifty ends below 11,350, Sensex sheds 305 points; metal stocks gain, Bajaj Finserv falls 5%. Benchmark indices reported third straight session loss on July 22 but ended off day’s low with Nifty below 11,350 level. At close, the Sensex was down 305.88 points at 38,031.13, while Nifty was down 73.10 points at 11,

CAPITALSTARS – MCX NEWS UPDATE 22 July 2019

BULLION – Bullion counter may trade on sideways path. Gold prices inched lower on Monday, extending losses after the metal hit a six-year peak on Friday, as investors rolled back expectations for a sharp interest rate cut at the end of this month, while tensions in the Middle East limited losses for the bullion. Expectations

CAPITALSTARS – भारत में खरीदारी के लिए बेहतर हैं ये स्‍टॉक: 22 July 2019

Morning news and update The Nifty extended its falling trajectory for the second straight session on Friday and ended the session at 2-month low below the 11,450 mark. The price action formed a sizeable bear candle with lower high and lower low and closed well below its 100-DMA level. The index has also breached its

CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK UPDATE – 22 July 2019

Market Live: Nifty likely to open lower. The Nifty50 is expected to open lower on Monday following Asian markets which were trading mixed as investors reduced expectations of an aggressive interest rate cut by the Federal Reserve. Expectations for a 50 bp cut were scaled back further after the Wall Street Journal reported the Fed

TOP CORPORATE NEWS-19 JULY 2019

PNB to consider raising Rs5,000cr equity capital Punjab National Bank is seeking to raise Rs5,000 in equity capital. Shares of the bank are currently flat with a negative bias. The bank in its filing stated, “The exchange is hereby informed that a meeting of the Board of Directors of the Bank is scheduled on 25.07.2019

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