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Stocks in the news: Tata Power, Tata Metaliks, Sheela Foam, Lupin, Adani Ports, Wabco India

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Lupin | Adani Ports | Bharat Financial Inclusion | Federal Bank | Gateway Distriparks | HIL Limited | Wabco India and IL&FS Transportation Networks are stocks which are in the news today. Listing: MSTC to list on exchanges IPO: Rail Vikas Nigam IPO opens today. NRB Industrial Bearings: Board approved the allotment of 17,50,000 cumulative, redeemable, non-convertible preference shares of Rs 10 each aggregating to Rs 1.75 crore of the company on private placement basis to Devesh Singh Sahney, Chairman, Managing Director and Promoter of the company. Britannia Industries will replace Hindustan Petroleum Corporation in the Nifty50 PFC acquired govt stake in REC and became the holding company and also a promoter of REC TCPL Packaging: Commercial production of the company's new unit situated in Kundaim, Goa has commenced. Andhra Bank approved the issuance of 114,56,72,061 equity shares to Government of India on preferential allotment basis at Rs 2...

Palm hits over one-week low as high stocks weigh on market

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Malaysian palm oil futures edged down to a more than one-week low in early trade on Thursday, as high inventory levels continued to weigh on the market. The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange was down 0.4 percent at 2,128 ringgit ($522.21) a tonne by the midday break, after hitting a more than one-week low of 2,106 ringgit earlier in the session. It was headed for the fourth session of losses in five. "The market is down as Dalian came down, and also due to our high stocks," said a futures trader in Kuala Lumpur, referring to China's Dalian Commodity Exchange. Palm oil inventories in Malaysia, the world's second-largest producer, and exporter, rose 1.3 percent to 3.05 million tonnes in February from a month earlier. Stockpiles reached 3.21 million tonnes in December, the highest since January 2000, according to Definitive Eikon data. Palm oil may test resistance at 2,155 ringgit pe...

Jio`s usage as primary voice SIM increases: Report

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The use of Reliance Jio SIM cards as the primary network for voice calls by multi-SIM holders increased in 2018, a UBS report said. Around 92 percent of the Jio subscribers used the network for voice calls during December 2018-January 2019, compared to 83 percent of the subscribers in March-April 2018, the report said. Further, a survey carried out in 13 cities of the country showed that Airtel's usage as the primary data SIM increased to 95 percent during the December-January period from 83 percent in March-April 2018. The survey was carried out in New Delhi, Mumbai, Bangalore, Kolkata, Nagpur, Patna, Vishakhapatnam, Jodhpur, Udaipur, Alwar, Salem, Raipur, and Allahabad. The report also said that JioPhone's share of feature phone users was at 11 percent of the total Jio subscribers during the period under review compared to 17 percent during March-April 2018. Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Fre...

There is value in most banking stocks; we prefer corporate banks: Kotak Securities

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Majority of the FY20E earnings growth in Nifty will be driven by the banking sector followed by automobiles, and oil & gas sector. The breakout above the previous peaks could be a function of NDA government coming back to power. If the current NDA formation comes back to power then we could see a broader bull run with new highs being crossed in this calendar year, Rusmik Oza- Head of Fundamental Research, Kotak Securities said in an interview to Moneycontrol's Sunil Shankar Matkar. Best Share Market News, Click Here To Get More News - Stock Market tips , for 2 Days Free Trial give a missed call @9424346629 and Get Share Market Services.

Oil prices sink after surprise U.S. crude stock build

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Oil prices slumped on Wednesday after government data showed U.S. crude inventories grew more than expected last week as a Texas chemical spill hampered exports. Brent crude futures settled at $67.83 a barrel, down 14 cents or 0.2 percent. U.S. crude futures settled at $59.41 a barrel, falling 53 cents or 0.9 percent. U.S. crude inventories rose last week by 2.8 million barrels, compared with analysts' expectations for a decrease of 1.2 million barrels, the U.S. Energy Information Administration said. Crude exports fell by 506,000 barrels per day, the EIA said. "The market report was slightly bearish," said Phil Flynn, an analyst at Price Futures Group in Chicago. "The reason the market is not taking it as even more bearish is that a lot of the build was in the Gulf Coast, and we know the Gulf Coast has had issues with the Houston Ship Channel." A petrochemical tank fire and chemical spill last week along the Houston Ship Channel hamp...

Coffee growers, future crops at risk amid low global prices: producers

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Global coffee growers are being forced into poverty by low international prices for the crop, farmers' representatives said at an international conference, warning the future of the industry is at risk. Coffee futures are near a 13-year bottom, trading as low as 93.45 cents per pound on Wednesday – far below the cost of production in most countries. In a statement on Tuesday from Nairobi, Kenya, where the International Coffee Organization is conducting a biannual meeting, the World Coffee Producers Forum said New York market prices are "allowing the impoverishment of producers." "The current economic sustainability crisis of coffee producers needs to be addressed immediately before it becomes a humanitarian crisis," read the statement, signed by producer associations from Colombia, Brazil, Mexico, India, Vietnam, Central America as well as across Africa. Futures have been weighed down by excess supplies, particularly from Brazil, the ...

Key equity indices in green ahead of F&O expiry

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Despite negative trends in global markets, the key Indian equity market indices on Thursday opened higher ahead of the futures and options (F&O) contracts' expiry. The Sensitive Index (Sensex) of the BSE, which had closed at 38,132.88 on Wednesday, opened higher at 38,208.30. It was quoting at 38,214.01, up by 81.13 points, or 0.21 percent. At the National Stock Exchange (NSE), the broader Nifty 50, which had closed at 11,445.05 on Wednesday, was quoting at 11,467.55, up by 22.50 points or 0.20 percent. As many as 32 stocks advanced in the Nifty 50 index while 18 stocks declined. In BSE Sensex 18 stocks including Reliance, ITC were trading in green while 10 stocks including Tata Motors, Coal India were trading in red at 9.28 a.m. Although the indices had traded in the green for most of Wednesday, profit-booking ahead of the F&O contract's expiry, pulling the market down in the last two hours of trade. Heavy selling pressure on the energy, power...