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Surya Industrial Corporation to hold AGM

Surya Industrial Corporation to hold AGM

Sep 14,2016

Surya Industrial Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2016.

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US stocks close mostly lower
Jun 23,2017

U.S. stocks reversed direction to close mostly lower on Thursday, 22 June 2017 as weak financials and consumer staples shares eclipsed a rally in the health-care and biotechnology sectors. The stock market held a modest gain throughout the majority of Thursdays session, but increased selling pressure in the final hour of action dragged the major averages from their best marks of the day.

The Dow Jones Industrial Average slipped 12.74 points to end at 21,397.29. The Nasdaq Composite Index bucked the trend for a second day to edge up 2.73 points to close at 6,236.69, supported by the biotechnology advance. The S&P 500 dropped 1.11 points to finish at 2,434.50, with financial stocks falling 0.6% and consumer staples shedding 0.7%.

Equities opened Thursdays session slightly lower, but ticked up into positive territory after the Senate released its version of the healthcare reform bill. Health-care stocks were among the biggest gainers, adding 1.4%, as lawmakers released a n++discussion draftn++ of the health-care bill that aims to cut Medicaid and eliminate penalties for people who dont buy insurance, among other changes.

Latest economic data at Wall Street showed that the latest weekly initial jobless claims count totaled 241,000 while the consensus expected a reading of 240,000. It was above the revised prior week count of 238,000 (from 237,000). As for continuing claims, they rose to 1.944 million from the revised count of 1.936 million (from 1.935 million). The key takeaway from this report is that it will feed expectations for another decent-sized gain in nonfarm payrolls since it encompassed the week in which the survey for the June employment report was conducted.

Separately, the Conference Boards Leading Indicators report for May increased 0.3% (consensus 0.3%) after moving higher by a revised 0.2% in April (from 0.3%). The key takeaway from the report is that strengths among the leading indicators have remained more widespread than weaknesses. Also, the FHFA Housing Price Index for April increased 0.7%, which followed a revised uptick of 0.7% (from 0.6%) in March.

Bullion prices ended higher at Comex on Thursday, 22 June 2016. Gold tallied back-to-back session on Thursday, as the precious metal tried to clamber off five-week lows struck earlier this week.

August gold added $3.60, or 0.3%, to settle at $1,249.40 an ounce after tacking on about 0.2% a day earlier. That was the highest settlement since Friday and it comes just three days after the contract finished Tuesday at its lowest since May 16. July silver gained 13.5 cents, or 0.8%, to $16.509 an ounce.

The closely watched dollar index traded little changed as gold prices closed, lessening the currency-related headwind for commodities priced in the currency, including gold. A stronger dollar tends to make assets pegged to the buck more expensive to buyers using other monetary units. U.S. equities, meanwhile, traded mostly higher after an earlier struggle for direction.

Crude oil prices finished modestly higher on Thursday, 22 june 2017 with a second weekly decline in U.S. crude supplies helping prices recoup some of their recent losses. But prices were still stuck in a bear market, defined as a decline from a recent peak of at least 20%, on lingering worries about strong domestic production growth.

August West Texas Intermediate crude advanced 21 cents, or 0.5%, to settle at $42.74 a barrel on the New York Mercantile Exchange. Brent crude for August delivery on Londons ICE Futures exchange added 40 cents, or 0.9%, to $45.22 a barrel.

Prices fell on Wednesday as data from the Energy Information Administration showed a weekly climb in U.S. crude production, feeding concerns that efforts by other major producers to cut down global supplies down to a five-year average will fail. The report, however, also showed that crude stockpiles declined for a second week in a row.

U.S. Treasuries settled modestly higher across the curve with the benchmark 10-yr yield slipping one basis point to 2.15%.

Investor participation was below average as fewer than 900 million shares changed hands at the NYSE floor.

Fridays lone economic report, May New Home Sales (consensus 599,000) will cross the wires at 10:00 ET.

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Indian Metals spurts after pollution boards nod for mines
Jun 23,2017

The announcement was made during market hours today, 23 June 2017.

Meanwhile, the S&P BSE Sensex was down 68.07 points, or 0.22%, to 31,222.67. The S&P BSE Small-Cap index was down 238.54 points, or 1.53%, to 15,370.95.

High volumes were witnessed on the counter. On the BSE, 41,667 shares were traded in the counter so far, compared with an average volume of 18,096 shares in the past one quarter.

The stock was locked at a high of Rs 473.55. The stock had hit a low of Rs 456.20 so far during the day. The stock had hit a 52-week high of Rs 823 on 21 March 2017. The stock had hit a 52-week low of Rs 130.05 on 24 June 2016.

The stock had underperformed the market over the past one month till 22 June 2017, rising 1.25% compared with Sensexs 2.35% gains. The scrip had also underperformed the market in past one quarter, dropping 41.69% as against Sensexs 7.28% rise. The scrip had, however, outperformed the market in past one year, jumping 228.6% as against Sensexs 16.91% rise.

The small-cap company has equity capital of Rs 26.98 crore. Face value per share is Rs 10.

Indian Metals & Ferro Alloys (IMFA) announced that the State Pollution Control Board has reinstated the consent to operate for both of companys Sukinda and Mahagiri mines with immediate effect and valid as before until March 2021.

On 11 April 2017, the company had said that following an inspection of Sukinda & Mahagiri mines on 22nd March 2017, the State Pollution Control Board had issued a notice pointing out certain non-compliances.

Subsequently, the consent to operate (CTO) for both mines had been withdrawn. While mining operations had been stopped with effect from 11 April, there was no immediate impact on its ferro chrome operations. The company had said it was addressing all issues which have been pointed out and expect to revive the CTO in due course.

Indian Metals & Ferro Alloys reported net profit of Rs 174 crore in Q4 March 2017 compared with net loss of Rs 37.29 crore in Q4 March 2016. The companys net sales spurted 188.5% to Rs 588.20 crore in Q4 March 2017 over Q4 March 2016.

Established in 1961 in the Eastern State of Odisha known for its rich natural resources, IMFA is a fully integrated producer of ferro alloys.

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Polson to hold board meeting
Jun 23,2017

Polson will hold a meeting of the Board of Directors of the Company on 1 July 2017.

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Kitex Garments to hold board meeting
Jun 23,2017

Kitex Garments will hold a meeting of the Board of Directors of the Company on 24 June 2017.

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Competent Automobiles to hold board meeting
Jun 23,2017

Competent Automobiles will hold a meeting of the Board of Directors of the Company on 26 June 2017.

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Cigniti Technologies to hold board meeting
Jun 23,2017

Cigniti Technologies will hold a meeting of the Board of Directors of the Company on 30 June 2017.

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Uniply Industries to hold board meeting
Jun 23,2017

Uniply Industries will hold a meeting of the Board of Directors of the Company on 26 June 2017.

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SRF to hold board meeting
Jun 23,2017

SRF will hold a meeting of the Board of Directors of the Company on 28 June 2017.

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CMI to hold board meeting
Jun 23,2017

CMI will hold a meeting of the Board of Directors of the Company on 29 June 2017.

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Unishire Urban Infra to hold board meeting
Jun 23,2017

Unishire Urban Infra will hold a meeting of the Board of Directors of the Company on 27 June 2017.

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EMCO to hold board meeting
Jun 23,2017

EMCO will hold a meeting of the Board of Directors of the Company on 26 June 2017.

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Sky Industries to hold board meeting
Jun 23,2017

Sky Industries will hold a meeting of the Board of Directors of the Company on 29 June 2017.

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Shalimar Paints to hold board meeting
Jun 23,2017

Shalimar Paints will hold a meeting of the Board of Directors of the Company on 29 June 2017.

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UV Boards to hold board meeting
Jun 23,2017

UV Boards will hold a meeting of the Board of Directors of the Company on 26 June 2017.

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Stampede Capital to hold board meeting
Jun 23,2017

Stampede Capital will hold a meeting of the Board of Directors of the Company on 27 June 2017.

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