EOD UPDATE 22-08-2019

Large investors may sell 6.7% in LIC Housing Finance
The name of the sellers are not ascertained immediately.

Morgan Stanley Mauritius sells 0.7% in Reliance Naval
The stock has fallen 91 per cent so far in 2019.

As Sales Rise, Petrol Import In July Touches Highest Level Since 2011

Crude oil imports into the world’s third-largest consumer declined 1.2 per cent from a year earlier to 19.34 million tonnes, but increased 14.6 per cent from the previous month.

UK ‘cannot accept current agreement’ on Brexit: Boris Johnson
British Prime Minister Boris Johnson told German Chancellor Angela Merkel on Wednesday that the UK “cannot accept” the current terms of their Brexit deal to leave the European Union.

No immediate plan to withdraw troops from JK: G Kishan Reddy

Indians Taking Loans Against Family Gold For Quick Funds As Banks Refuse

Those pawning their precious possessions are most often independent workers, including farmers and small shop owners.

DHFL plummets 8% as lenders eye 51% stake in troubled NBFC
Lenders to DHFL may take over the troubled housing finance company as a temporary measure if the consortium fails to find new investors.

DLF plunges 20% as SC issues notice on non-disclosure
SC has issued a notice to the developer and Sebi, which too is party to the case.

Employees Provident Fund Organisation to invest 50% each in Sensex and Nifty

RBI Minutes Revives Expectations For Further Policy Easing: Report

In an unusual move, the RBI on August 7 had reduced the repo rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy.

Economy Doesn’t Need Fiscal Stimulus To Tackle Slowdown: Top Official

The GDP growth in the fourth quarter of the last fiscal year came in at 5.8 per cent caused by slowdown in key sectors like agriculture, manufacturing and industry.

Yuan Falls To Fresh 11-Year Lows On Trade War Worries

Prior to the market opening, the People’s Bank of China (PBOC) set the midpoint rate at 7.049 per dollar prior to market open, weaker than the previous fix of 7.0433.

Coffee Day Denies Report Of ITC Buying Stake, Shares Rise 5%

As of Thursday’s closing price, Coffee Day shares have risen21.37 per cent in four consecutive sessions.

IRCTC files draft papers with Sebi for IPO
According to market sources, the IPO would be worth about Rs 500-600 crore.

The present liquidity crisis is an unprecedented situation, says NITI vice-chairman Rajiv Kumar
Kumar also said that the government needs to do whatever it can to allay the apprehensions of the private sector.

Britannia To Increase Prices To Combat Slowdown

The company is “watching the situation very closely and expecting a positive impact of the monsoon”, said Vinay Subramanyam.

63 moons’ assets can’t be attached over NSEL scam: Bombay HC

If Protectionism Rises, No One Will Escape Recession: Piyush Goyal

The Minister urged all World Trade Organisation (WTO) member countries to take up reforms and not deal with issues in a piecemeal manner.

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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