EOD UPDATE 16-08-2019

Indiabulls Housing Finance Shares Fall Nearly 10% On Moody’s Downgrade

On the Bombay Stock Exchange, the share price of the company declined as much as 9.66 per cent to touch the Rs 498 mark at the day’s lowest point.

IDBI Bank hits 16-year low after Q1 net loss widens
The banks provision for NPAs stood at Rs 7,009 crore as against Rs 4,603 crore in the year-ago period.

YES Bank gains on raising Rs 1,930 crore via QIP
The QIP opened on August 9 and closed on August 14, the bank said in a regulatory filing.

SC expresses anguish over filing of defective petitions on Article 370
A bench headed by Chief Justice Ranjan Gogoi said the petition by advocate M L Sharma challenging the scrapping of Article 370 has

The London Stock Exchange (LSE) has said it is currently investigating a potential trading services issue, according to Reuters

Jain Irrigations Q1 profit falls 74% at Rs 22 cr
Total income during the June quarter fell to Rs 1,950.17 crore from Rs 2,152.82 crore in the same period last year, a regulatory filing said.

Federal Bank cuts lending rates by 15 bps across tenors

Hero MotoCorp Manufacturing Plants To Remain Shut Till August 18

Auto sector is one of the worst hit sectors in India due to the lack of consumption. The sectors has seen massive loss of jobs in just the last few quarters.

Government Has Limited Scope To Provide Fiscal Stimulus: Report

The report also added that the overall market valuations offer little in terms of investment inputs currently.

Jain Irrigations Q1 profit falls 74% to Rs 22 crore

Panacea Biotec Q1 loss narrows to Rs 28.27 cr

Cathay Pacific Chief Executive Officer Rupert Hogg Resigns

Mr Hogg has been replaced by Augustus Tang, a veteran of the Swire Group conglomerate, Cathay Pacific’s main shareholder.

Economic Stimulus Decision Unlikely Before Monday: Report

Prime Minister Narendra Modi on Thursday held a meeting with officials to discuss steps to arrest a slowdown, the source added.

High Prices Dent Gold Buying In Asia, Silver Remains Attractive

In top gold consumer China, premiums eased slightly to $6-$9 per ounce over the benchmark, from $9-$10 last week.

Transport Industry Puts On Hold Buying New Vehicles, Seeks Bail Out

In the last month, only 56,866 commercial vehicles were sold and after this announcement many feel that too may stop.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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