The rupee is currently trading at 64.11, weaker by 5 paise from its previous close of 64.06 on Friday.
Indian rupee after making a weak start, although recouped some lost ground, yet continued trading weak against dollar on Monday on the back of positive trend in local equities. Besides, dollar sales by banks and exporters also aided currency. However, strength of dollar index against the basket of other major currencies restricted appreciation of Indian currency. On the global front, euro lurched lower first thing in Asia on Monday after efforts on ending a deadlock between Greece and its creditors broke up in failure over the weekend.The rupee is currently trading at 64.11, weaker by 5 paise from its previous close of 64.06 on Friday. The currency touched a high and low of 64.17 and 64.08 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.03 and for Euro stood at 71.89 on June 12, 2015. While, the RBI’s reference rate for the Yen stood at 51.85, the reference rate for the Great Britain Pound (GBP) stood at 99.2723.
The turnover from energy items like crude oil rose 55% to Rs 3.22 trillion till May 2015 from Rs 2.07 trillion in the year-ago period.
Total turnover of the commodity exchanges increased 16.63% to Rs 11.11 trillion in the first two months of the current fiscal, according to the Forward Markets Commission (FMC) data.The rise in total turnover of the commodity exchanges was on account of higher trade volumes in energy and agri-commodities, FMC said in its latest report.These exchanges had done business worth Rs 9.52 trillion in the April 2014-May 2015, FMC added.Maximum volumes was generated in energy items like crude oil, followed by agricultural and metals.The turnover from energy items like crude oil rose 55% to Rs 3.22 trillion till May 2015 from Rs 2.07 trillion in the year-ago period.Business from agricultural commodities increased 17.44% to Rs. 2.27 trillion from Rs. 1.93 trillion, while the turnover from metals like zinc and copper rose 16.67%.
The stock is now up 1.4 percent on the BSE.
Glenmark Pharmaceuticals is trading on a firm note on the BSE in early morning session, after the company received ANDA approval.According to a release issued by the company to the BSE, Glenmark Pharma today reported that is has been granted final approval by the United States Food & Drug Administration (USFDA) for the extended-cycle oral contraceptive, Levonorgestrel/Ethinyl Estradiol Tablets USP. 015 mg/0.03 mg.Now, the stock is trading near the highest level of the day at Rs. 894 - with a gain of 1.4 percent at Rs. 892.So far, the counter has witnessed trades of around 20,000 shares as compared to its two-week daily average volume of 77,000 shares.Meanwhile, the BSE Sensex has jumped 157 points at 26,582.
The stock is trading on a flat note, after an early morning dip.
Infosys is trading at an ex-bonus price, as the share price is adjusted for a 1:1 bonus issue.The stock slipped nearly 2 percent to touch a low of Rs. 969 in opening trades, but has recouped losses and is now flat at Rs. 987. The counter has seen trades of around 112,000 shares as against the two-week daily average volume of around 151,000 shares on the BSE.Meanwhile, the Sensex has added 51 points to 26,476.
The company has informed that after completion of shutdown, urea plant has resumed production w.e.f. June 7, 2015.
National Fertilizers Limited has announced that this is that the Bhatinda Plant was to remain under Annual Turn around w.e.f. May 11, 2015 and was expected to resume production by 30-35 days.The company has informed that after completion of shutdown, urea plant has resumed production w.e.f. June 7, 2015.
Ashok Leyland will seek shareholders approval to raise money through Qualified Institutional Buyers and other routes. The proposed fund raising is to support the company's capex, working capital and investment in joint ventures and other purposes.
Ashok Leyland will seek shareholders approval to raise money through Qualified Institutional Buyers (QIBs) and other routes. The proposed fund raising is to support the company's capex, working capital and investment in joint ventures (JVs) and other purposes.Anil Agarwal-promoted Vedanta Ltd said it would merge its subsidiary Cairn India with itself for a larger natural resource play. In the all-stock deal, each Cairn India shareholder would be offered an equity share of Vedanta Ltd, besides a 7.5% redeemable preference share of Rs. 10 face value.Public-sector banks have put Rs.140bn worth of non-performing assets (NPAs) up for sale, to ease some pressure exerted by stressed loans on their balance sheets. Delhi-based Punjab National Bank’s (PNB’s) Rs50bn bad loans account for a large portion of the total offered for saleWith the US probing TCS and Infosys for alleged visa rule violations, Communications and IT Minister Ravi Shankar Prasad said the government will intervene if the need arises.Real estate developer Ashiana Housing Limited has entered into an agreement with Escapade Real Estate Pvt Limited, a joint venture (JV) between Arihant Group and JP Morgan Property Fund, to develop Ashiana Shubham, a senior living home, in Chennai. The project is expected to come up with an investment of Rs. 1.8-2 bn.In an attempt to prevent the first major strike by steel workers in the UK since the 1980s, Tata Steel has approached the country’s conciliation service ACAS, which it hopes will facilitate talks between the two sides. Mahindra & Mahindra will launch a new light commercial vehicle named Jeeto by the end of June to take on homegrown rival Tata’s popular minitruck Ace Zip.Country’s largest power producer NTPC said it has commissioned another 200 megawatt (MW) capacity at its Koldam Hydro Power Project in Himachal Pradesh.Mukesh Ambani-owned Reliance Retail is in the process of rolling out an e-commerce marketplace that will provide a platform to small retailers to sell products online.
Companies with a primary listing in China are valued at $10.05 trillion, an increase of $6.7 trillion in 12 months
Stock valuations in China are now the highest in five years and margin debt has climbed to a record, according to an analysis made by Bloomberg.The value of Chinese stocks rose above $10 trillion for the first time, the data compiled by Bloomberg indicated.Companies with a primary listing in China are valued at $10.05 trillion, an increase of $6.7 trillion in 12 months, the data added.No other stock market has grown as much in dollar terms over a 12-month period, as Chinese individuals piled into the nation’s equities using borrowed funds, Bloomberg said in its report.
The country has received 5% more rainfall than the normal limit till now even as northwest India, the southern peninsula and central India have received below normal rainfall, according to the Met department.
The country has received 5% more rainfall than the normal limit till now even as northwest India, the southern peninsula and central India have received below normal rainfall, according to the Met department.India has conveyed to Iran that its interest in oil and exploration projects in the Gulf nation is still alive. Commercial interaction with the Iranian authorities is independent of the decisions of the West on Iran’s disputed nuclear programme and the end-June deadline, an official involved with negotiations said. The government has proposed a stringent appraisal system at public sector banks, aiming to infuse efficiency and transparency in the state-owned banking entities after it opened the door to private sector candidates for key posts. With the government taking steps to improve ease of doing business and attracting investments, FDI inflows into the services sector grew by over 46% to USD3.2bn in 2014-15.
Some buying activity is seen in capital goods, auto and healthcare sectors, while IT, consumer durables, banking and metal sector are showing weakness on BSE.
On Friday after market hours, the government announced that the CPI inflation moved up slightly to 5.01 percent in May 2015 (new base 2012=100) from 4.87 percent in April 2015.India's Index of industrial production (IIP) also rose at an accelerated pace of 4.1 percent in April 2015 over a year ago compared with the revised growth of 2.5 percent in March 2015.The BSE Sensex opened higher by 73-odd points at 26,498, while the Nifty was marginally up at 7,986.At 9:37 AM, the S&P BSE Sensex is trading at 26,484 up 58 seven points, while NSE Nifty is trading at 7,995 up 12 points.The broader market is out-performing the CNX Nifty index, the Midcap and Smallcap index was up 0.2 percent each at 12,441 and 5,105, respectively.Among sectors, the CNX IT index has declined 0.4 percent at 11,000. The Bank Nifty, PSU Bank, FMCG and Energy indices are the other losers.Soon, the key benchmark index slipped into the negative zone and touched a low of 26,308 and 7,944, respectively. Due to weakness in IT, Bank Nifty, and PSU Bank index.On the other hand, the CNX Pharma and Auto indices have gained 0.4-0.5 percent each at 11,371 and 7,941, respectively.Power Grid and Cairn India are the top Nifty losers - down over 1.5 percent each at Rs. 143 and Rs. 178, respectively.NTPC, Bank of Baroda, IndusInd Bank, Ambuja Cement, Hindalco, TCS, Cipla and Bajaj Auto are the other prominent losers.On the other hand, Sun Pharma has spurted over a percent at Rs. 822. Vedanta, HDFC and HCL Technologies have gained almost a percent each at Rs. 185, Rs 1,200 and Rs. 903, respectively.
Indian rupee after making a weak start, although recouped some lost ground, yet continued trading weak against dollar on Monday on the back of positive trend in local equities. Besides, dollar sales by banks and exporters also aided currency. However, strength of dollar index against the basket of other major currencies restricted appreciation of Indian currency. On the global front, euro lurched lower first thing in Asia on Monday after efforts on ending a deadlock between Greece and its creditors broke up in failure over the weekend.
