Markets

IPO Alert: Shriram Properties files draft prospectus with SEBI

Informist, Saturday, Apr 10, 2021 NEW DELHI – Shriram Properties Ltd filed its draft red herring prospectus with the Securities and Exchange Board of India on Friday for its initial public offering, the company today said in a press release. The issue comprises shares with a face value of 10 rupees each aggregating up to...

India Stocks Review: Bets shift to defensive sectors on COVID woes

Informist, Friday, Apr 9, 2021 By Joe Milton  MUMBAI – The defensive and discretionary sectors found favour in the market today as the benchmark indices moved in a tight range because rising number of COVID-19 cases and a slowdown in the pace of vaccination dampened optimism over economic recovery.  Today, India set yet another record as the...

India Crude:Up on MCX on weak rupee; NYMEX flat as US-Iran talks eyed

Informist, Friday, Apr 9, 2021 By Sayantan Sarkar MUMBAI – Crude oil contracts rose today on Multi Commodity Exchange of India as the rupee fell against the US dollar, making imports more expensive for domestic buyers. * In international markets, crude prices were flat from Thursday as traders focused on the indirect talks between...

India Base Metals: Dn on MCX, LME on China demand worry, supply rise

Informist, Friday, Apr 9, 2021 MUMBAI – Concerns over weak demand from China and higher production dragged down prices of base metals in domestic and global markets today, analysts said. * Demand from China, the largest consumer, may weaken in the coming days as Chinese authorities have asked major lenders to reduce their lending, which...

Short-Term Debt: Big issuances by NABARD boost CP volume; rates flat

Informist, Friday, Apr 9, 2021 By Vishal Sangani MUMBAI – Large issuances by National Bank for Agriculture and Rural Development led to a spike in funds raised through commercial papers today. The financial institution tapped the market to roll over papers set to mature in the coming days and to meet fresh funding...

India Grain: Prices of wheat, maize rise in spot mkts on firm demand

Informist, Friday, Apr 9, 2021 NEW DELHI – Prices of WHEAT rose in the spot markets of Indore and Kota today, and those of MAIZE rose in the Nizamabad market.    * Prices of mill-quality wheat in Indore, a key market in Madhya Pradesh, rose today due to firm bulk demand for good-quality crop, local trader Sachin Agarwal said....

India Rubber: Prices fall as COVID-19 cases surge; up on TOCOM

Informist, Friday, Apr 9, 2021 By Rahul Dhuri MUMBAI – Prices of natural rubber fell in Kerala as the surge in COVID-19 cases across the country raised concerns over demand from bulk buyers and tyre makers, industry participants said. * The Federation of Automobile Dealers Association said the month of April comes with festivities such as Ugadi, Gudi...

India Bullion: Fall tracking COMEX on profit booking, firm US dollar

Informist, Friday, Apr 9, 2021 By Roshni Devi MUMBAI – Bullion futures in domestic and global markets eased today as investors booked profits after prices rose to multi-week highs Thursday, and due to the dollar's appreciation against the euro, analysts said. * GOLD futures rose to a six-week high Thursday due to a surprise jump in unemployment claims in...

India IRS Review: Steady as rates consolidate after recent volatility

Informist, Friday, Apr 9, 2021 By Vaibhav Chakraborty NEW DELHI – Overnight indexed swap rates ended steady today amid thin trade volumes as market participants refrained from placing large bets due to the recent volatility witnessed in swap rates, dealers said. The one-year swap rate ended flat at 3.87%, compared to previous close on...

India Spices: Mixed; turmeric down on tepid buys, supply pressure

Informist, Friday, Apr 9, 2021 By Kavita Desai MUMBAI – Futures contracts of spices ended on a mixed note on the domestic exchanges today.* TURMERIC settled lower on the National Commodity and Derivatives Exchange as supply is expected to remain high due to peak harvest season. Weak domestic and export demand may also keep prices lower, said Amrutlal Kataria, a...


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