Welcome to the blog live from the Palais de la Monnaie. Follow this section for the latest trade show news and updates.
20. May 2020, 10:28:48 IST
L&T at the most powerful
Larsen & Toubro shares increased by approximately 3% at ₹818.85 as a result of BSE, as the Board of Directors proposed a final dividend of Rs 15.5 per share with a par value of Rs 1.0 carat per share for the financial year 2020, subject to shareholder approval.
20. May 2020, 10:25:42 IST
Pirated companies up nearly 2%
Pyramal Enterprises has added 1.8% to ₹895.65 to the employment office, according to a Bloomberg report that Boston-based private equity firm TA Associates are in talks to purchase approximately 20% of Pyramal Pharma Solutions for $500 million. The Piramal Group aims to reach an agreement in June, according to the report.
20. May 2020, 10:21:43 IST
Mixed indices 50 sectors
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20. May 2020, 10:15:20 IST
Top players who lost
Larsen and Tubro grew by more than 3% at the beginning of the Nifty 50, followed by ITC, Tata Steel, UPL and Cipla, while Bharti Infratel, IndusInd Bank, Adani Ports, Hero MotoCorp and Vedanta were the main donors.
20. May 2020, 10:12:37 IST
Rupina opens above
The Indian rupee opened at 75.57 against the American Dollar, from the previous closing of 75.64.
20. May 2020, 10:06:59 IST
Sensex display: Increase in most units
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20. May 2020, 10:03:06 IST
Dr. Reddy receives FDA approval.
The major pharmaceutical company stated that it had received an inspection report (EIR) from the US Food and Drug Administration for its Bachupalli formulation plant, 3 in Hyderabad. The ENRD also indicates that the audit at the factory has been completed. The shares of the company increased by 1.4% to 752.20 ₹3 on BSE.
20. May 2020, 09:56:34 IST
Need for speedy implementation of aid measures: Assessment of India
The rapid implementation of government measures to support non-bank financial enterprises (NBFCs) and micro, small and medium-sized enterprises (MSMEs) will be of paramount importance, reports the rating agency India Ratings and Research (Ind-Ra).
20. May 2020, 09:31:48 IST
The Indian equity market is open in a volatile trading environment. The cautious attitude of investors in Asia towards the risks to the economy posed by the coronavirus blockades has also contributed to a turbulent start to the economy. The Sensex benchmark rose 26.52 points or 0.09% to 30,222.69, while the Nifty 50 benchmark rose 6.15 points or 0.07% to 8,885.25.
20. May 2020, 09:15:56.
Asian equity spreads
Large Asian equity markets experienced mixed results, against the backdrop of cautious Stat News reports that rejected Moderna Inc.’s announcement that it had found a potential vaccine to treat the coronavirus as insignificant, raising concerns that a solution to the pandemic is still a long way off. While Japanese Nikkei 225 rose by almost 1% and South Korean Kospi by 0.2%, Hong Kong and China fell by 0.2% and 0.4% respectively.
20. May 2020, 09:03:47 IST
Observation of transport Today
Reliance Industries, Larsen & Toubro, Bajajaj Finance, Bajajaj Auto, Dr. Reddy’s Laboratories, Piramal Enterprises, Future Consumer, Finolex Industries, L&T Infotech, JSW Energy and Jubilant Foodworks are likely to be in the spotlight today.
20. May 2020, 08:54:49 AM IST
Four daysWinning oil shortage series
Crude oil stabilised after a four-day victory as investors shed signs of a rebalancing of the market in light of the still unsustainable economic outlook. New York’s forward delivery contracts in July were slightly adjusted by $32 a barrel after the June contract was concluded at the end of its 10 week term. The president of the Federal Reserve, Jerome Powell, warned that Americans could lose their homes and that long-term unemployment could damage the economy.
20. May 2020, 08:47:03 IST
Dow-jo down 1.6%, S&P 500 down 1.1%
The Dow Jones industrial average fell Monday by 1.6% to 24,206.86, after an increase of 3.9%. The widely used S&P 500 index decreased by 1.1% to 2,922.94, while the Nasdaq Composite Technical Index decreased by 0.5% to 9,185.10.
20. May 2020, 08:32:47 IST
US shares fall on recession fears
Wall Street stocks ended Tuesday at a low level as top U.S. economic officials warned that the world’s largest economy is exposed to constant risk, making the market benefit from Monday’s rally. The market collapsed after an article in Stat News on Health and Medicine expressing skepticism about Moderna Inc.’s announcement on Monday of positive results for the Phase 1 test of the coronavirus vaccine. Moderna’s announcement that triggered the peak on Monday revealed very little information and no data on the vaccine, Stat News reported.