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Mumbai: Market related news stories are important when it comes to making smart investment decisions. Trading advice and brokerages for key stocks are also crucial to preparations for the trading day.
Here are developments that may have an impact on market behaviour and sentiment during the day’s trading.
*DXY moves above 97 on US Payrolls data. US dollar rises against most major currencies.
*Asian markets slip in morning trade.
*US markets fall from record highs. Dow pulled back nearly 50 points, snapping 4 days winning streak. S&P 500 slipped 0.2% ending 5 days winning streak. Nasdaq fell for the 1st time in 7 sessions down 0.1%.
*Europe stocks close lower. The pan-European Stoxx 600 closed provisionally 0.7% lower.
*Crude prices rise in morning trade. Brent up 0.14% at $64.32 per barrel, WTI up 0.19% at $57.62 per barrel. OPEC oil output sank to a new five-year low in June.
*Gold futures dropped 1.4% to settle at $1,400.10 per ounce.
Stocks In News:
PNB: The bank reported Rs 3805 Cr fraud by Bhushan Power to RBI, committed fraud of Rs 3805 Cr via diversion of funds. Overseas exposure to BPSL at $49.71 Mn via Dubai branch.
DHFL: Sources say, members of 30-bank consortium sign ICA for DHFL. This is the first step of 6 month DHFL restructuring plan taken by lenders.
ICRA: According to sources, Anjan Deb Ghosh, Chief Rating Officer from ICRA questioned by ED on Thursday. ED will likely summon officials of CARE Rating Agency this week.
Yes Bank: Yes Bank acquired 20% share in Vadraj Cement via pledged share invocation.
JK Tyre: CARE cuts long term rating to 'A' from 'A+', outlook negative.
IndusInd Bank: The banking company plans to allot Rs 8.96 Cr to Bharat Financial shareholders.
Jet Airways: IRP directed to submit preliminary report in sealed cover to NCLT, sought restraining order on DGCA regarding de-registration of Boeing 777. NCLT has issued notice to DGCA to file reply by July 18. Main matter on resolution process to be heard on July 23.
Mindtree: The company’s 3 founders Krishnakumar Natarajan, Rostow Ravanan and N S Parthasarathy resign after L&T's takeover, howver, they will stay as board members till 17 July 2019.
Oil India: Petroneft started talks with buyers on Russia project. No firm decision to exit from asset has been taken.
Axis Bank: Sources say, IRDAI has turned down bank’s proposal of buying additional 10% stake in Max Life Insurance. It has instead asked Axis Bank to come up with a fair value deal.
Maruti Suzuki: The company lobbies banks to ease lending norms for dealers. According to sources, Maruti Suzuki has cut production in June for fifth month in a row.
SAIL: Global EOIs invited for 3 plants of the company for disinvestment. The move part of strategic disinvestment of certain CPSEs under Ministry of Steel.
Piramal Enterprises: The company to consider issue of NCDs worth Rs 1500 Cr on 10th July 2019.