Shares of the private sector lender closed at Rs 70.45 apiece, up 24.03 per cent. Intra-day, the shares zoomed 34.94 per cent to Rs 76.65 apiece on the BSE.from Top Business News- News18.com https://ift.tt/2NpXcek
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Shares of the private sector lender closed at Rs 70.45 apiece, up 24.03 per cent. Intra-day, the shares zoomed 34.94 per cent to Rs 76.65 apiece on the BSE.
On Thursday, gold prices had climbed as the US dollar weakened after the Federal Reserve cut interest rates for the third time this year.
The production drop will lead to a larger global sugar supply deficit in 2019-20 of 7.7 million tonnes, a development seen as crucial in reducing large stocks in some producing countries that have been pressuring international prices.
Forex dealers said that a positive opening in the equity market, weak dollar against other major currencies overseas and persistent foreign fund inflows supported the rupee.
Inching closer to its all-time intraday high, the 30-share index was trading 220.26 points, or 0.55 per cent, higher at 40,272.13, and the broader NSE Nifty advanced 64.80 points, or 0.55 per cent, to 11,908.90.
The revelations have come as a setback for DHFL’s lenders, primarily commercial banks that have an exposure of Rs 38,342 crore to the finance company, as the government could initiate a probe by the SFIO.
After the US central bank announced its decision to cut its overnight lending to a target range of between 1.50% and 1.75%, Fed Chair Jerome Powell said that the step was taken on the grounds that monetary policy is in a good place.
Hong Kong's bourse fell behind the New York Stock Exchange and Nasdaq this year amid months of anti-government protests that have roiled the Asian financial hub.
Expectations for another drop in borrowing costs, along with optimism over the China-US trade talks and healthy corporate reports have provided much-needed support to equities of late after a volatile year.Bata grew into one of the world's leading shoemakers, with an impressive annual sale of 150 million pairs of shoes across more than 70 c...