EOD Update 19-07-2019


Sterlite Techno Standalone June 2019 Net Sales at Rs 1,344.82 crore, up 62.57% Y-o-Y

https://www.moneycontrol.com/news/results/sterlite-techno-standalone-june-2019-net-sales-at-rs-134482-crore6257-y-o-y_12766321.html

Indirect Tax Laws Being Amended To Ensure Simplicity: Nirmala Sitharaman

The changes would ensure that indirect taxation-related matters would have greater simplicity, Finance Minister Nirmala Sitharaman said.

Gold Prices Increase On Jewellers’ Buying

Despite gold losing steam overseas, the precious metal saw upward trend due to rise in domestic demand, traders said.

Reliance Brands Acquires 100% Stake In British Toy Retailer Hamleys

Reliance Industries’ subsidiary, Reliance Brands, has acquired 100 per cent stake in the iconic British toy retailer Hamleys.

India’s Consumer Goods Growth Slows As Rural Demand Cools: Nielsen

Volume growth in India’s fast-moving consumer goods (FMCG) sector slowed to 6.2 per cent in the three months to June from 9.9 per cent in the previous quarter.

Rupee Falls For Third Straight Day, Ends At 68.97 Against Dollar

At the interbank foreign exchange (forex) market, the domestic currency opened at 68.76 per dollar, but lost ground during the day and finally settled at 68.97, down 15 paise over its previous close.

FPIs can register as companies to get tax relief: Nirmala Sitharaman

https://economictimes.indiatimes.com/markets/stocks/news/fpis-can-register-as-companies-to-get-tax-relief-nirmala-sitharaman/articleshow/70279064.cms

Rallis India Standalone June 2019 Net Sales at Rs 363.13 crore, up 3.05% Y-o-Y

https://www.moneycontrol.com/news/results/rallis-india-standalone-june-2019-net-sales-at-rs-36313-crore305-y-o-y_12766841.html

Uttam Galva Standalone June 2019 Net Sales at Rs 97.26 crore, up 5.94% Y-o-Y

https://www.moneycontrol.com/news/results/uttam-galva-standalone-june-2019-net-sales-at-rs-9726-crore594-y-o-y_12766861.html

LT Infotech Standalone June 2019 Net Sales at Rs 2,318.50 crore, up 14.03% Y-o-Y

https://www.moneycontrol.com/news/results/lt-infotech-standalone-june-2019-net-sales-at-rs-231850-crore1403-y-o-y_12767021.html

Market Regulator Proposes Tighter Disclosure For Auditors

The regulator said an auditor that has audited three quarters of a financial year should not resign before completing final quarter’s audit report.

NHAI eyes Rs 4,995 cr from monetisation of 3rd bundle of highways under TOT model

https://www.moneycontrol.com/news/current-affairs/nhai-eyes-rs-4995-crmonetisation3rd-bundlehighways-under-tot-model_12767681.html

  • Rupee opens strong at 68.75 vs USD on hopes of Fed rate cut.
  • World’s richest people: Bill Gates drops from No 2 spot, Mukesh Ambani ranked 13th.
  • UK’s new PM must take 5G decision on Huawei urgently: Committee.

Difficult to enforce new public holding rule: Sebi
Govt-owned cos are laggards in raising minimum public shareholding level to the 25% norm.

Heads and shoulders
Failure to reach the previous peak is another signal that the bears are becoming stronger.

L&T bags ‘significant’ orders from Damodar Valley Corporation
DVC’s three plants where FGD systems will be set up are Durgapur Steel Thermal Power Station (2×500 MW), Mejia Thermal Power Station (2×500 MW) and Raghunathpur Thermal Power Station.

MHRD to make online storage of educational certificates mandatory
All certificates can be accessed by students using the National Academic Depository.

Jio may report 1st net profit fall in 7 quarters: Analysts
Its ARPU, a key performance metric, is estimated to drop below Airtels for the first time, triggered by low-revenue generating customer gains.

AB Fashion acquires 51% stake in Finesse International Design; acquisition will be done Via EQ infusion & secondary share purchase

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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