INSUBCONTINENT EXCLUSIVE:
A soft US inflation reading released on Thursday has lowered some concerns over likely aggressive rate hikes by the US Fed, while crude
prices were stable on Friday morning, sending positive signals to the domestic investors
Singapore Stock Exchange were trading 50.50 point, or 0.47 per cent, higher at 10,782, indicating a positive start for the Nifty50.
Nifty50
forms 'Dark Cloud Cover' on daily chartNifty50 formed a 'Dark Cloud Cover', a bearish candle pattern on the daily chart, but somehow managed
to form higher high and higher low for the fourth session
Analysts believe a breach of the 10,780 level on a closing basis would be a pre-requisite for any further upside
Asian stocks rise on soft US inflation dataAsian markets started on a firm footing and the dollar eased on Friday as softer-than-forecast
US inflation data tempered expectations for faster Federal Reserve interest rate rises this year, Reuters reported
per cent and the SP500 inde xrose 0.9 percent, surging past key resistance of 2,717 points.
Oil prices near multi-year highOil prices on
Friday held multi-year highs reached the previous session as looming US sanctions against major oil producer and OPEC-member Iran threatened
to tip an already tight market into undersupply, Reuters reported
Brent crude futures, the international benchmark for oil prices, were at $77.47 per barrel, unchanged from their last close
Brent hit $78 a barrel, its highest since November 2014, the previous day.
PC Jeweller to buy back shares worth Rs 424 crThe shares will be
bought back at Rs 350 per unit, which is 67 per cent higher than the closing price of Rs 209 apiece on the BSE
Promoters will not participate in the buy-back process
The board has approved the buy-back of up to 1,21,14,286 fully paid-up equity shares of Rs 10 each
The buyback of 1.21 crore shares comprise 3.07 per cent of the total paid-up equity capital of the company, it added
Indostar Capital IPO subscribed 69% on Day 2The initial public offering of Indostar Capital Finance was subscribed 68.69 per cent on
Thursday, the second day of the bidding process
Indostar Capital Finance is a non-banking finance company (NBFC) registered with the Reserve Bank of India as a systemically important
non-deposit taking firm The public offer, which was launched on Wednesday, received a good demand, as the issue was subscribed 41 per cent
on Day 1.
Key Q4 earnings todayAllahabad bank, Canara Bank, Sun TV, Tata Global Beverages, UCO Bank, Dena Bank, Gillette, Gujarat Gas,
Havells India, Khadim, Relaxo Foorwears and NDTV would be among the companies scheduled to report their quarterly numbers during the
day.
DIIs buy Rs 900 cr worth of equitiesForeign portfolio investors (FPIs) sold Rs 364.88 crore worth of domestic stocks on Thursday,
provisional data available with BSE suggested
DIIs were net buyers to the tune of Rs 900 crore, data suggested.