My Application Form Status

Check the status of your application form with Angel Broking.
Arq - The Hyper Intelligent Investment Engine By Angel Broking
Bright day for bullions
Jan 18,2017

Bullion prices ended substantially higher at Comex on Tuesday, 17 January 2016 at Comex. Gold prices settled at their highest level since mid-November on Tuesday as nervousness surrounding Britains push to exit from the European Union and U.S. President-elect Donald Trumps inauguration this week fed haven demand for the precious metal.

Gold for February delivery rose $16.70, or 1.4%, to settle at $1,212.90 an ounce after trading as high as $1,218.90.

Silver for March delivery rose 38.3 cents, or 2.3%, to $17.148 an ounce.

Just days ahead of his inauguration, Donald Trump has predicted that more countries will leave the EU and described NATO as obsolete. He has also commented on China, stoking fears over a possible trade war.

In an interview on Friday, Trump said the dollar, which touched a more than 14-year high about two weeks ago, has gotten n++too strong,n++ as China keeps its own yuan weaker. He said the dollars strength is impeding the competitiveness of U.S. companies. Meanwhile, U.K. Prime Minister Theresa May has announced that the U.K. isnt looking to be a partial member of the EU, which has also aggravated fears of the future of the union.

The ICE U.S. Dollar Index was trading 0.7% lower on Tuesday as gold futures settled, and U.S. stocks were moving broadly lower.

Gold futures had gained about 1.9% last week, boosted by a retreat for the dollar and stock markets, as post election enthusiasm for riskier assets stalled. Speculative financial investors have built up net long positions in the metal for the first time in nine weeks.

Data on Tuesday showed that an index of manufacturing conditions in the New Year area pulled back in January from an eight-month high at the end of last year. The Empire States general business conditions slipped to 6.5 in January from a revised 7.6 in December.

Powered by Capital Market - Live News

AIIMS signs three MoU with NBCC (India), HSCC (India), and with HITES HLL Life Care
Jan 18,2017

All India Institute of Medical Sciences (AIIMS), New Delhi signed MoUs with NBCC (India), HSCC (India) and with HITES HLL Life Care to expand infrastructure and other facilities. The signing ceremony was presided over by Shri J P Nadda, Honble Union Minister of Health and Family Welfare and Shri Venkaiah Naidu, Honble Union Minister for Urban Development, Urban Poverty Alleviation, and Information & Broadcasting. AIIMS signed an MOU worth ₹ 4441 crores with NBCC (India), ₹ 2500 crores with HSCC (India) and ₹ 729 crores with HITES HLL Life Care, a cumulative net worth of ₹ 7670.

Speaking on the occasion, Shri J P Nadda said that this is one of the most historic days for AIIMS as this is the largest ever health sector investment commitments made by Government in a public health project at one event. n++The past two years have witnessed a historic growth in the form of infrastructure & other facilities,n++ Shri Nadda said. The Health Minister assured that the Government is committed to ensuring that the new AIIMS will meet the same standards of service as AIIMS, New Delhi. No effort will be spared to make them the very best, he added. Shri Nadda stated that AIIMS has created a benchmark in the field of healthcare not only at the national level but internationally also. It has a great testimony and we must try to replicate it in the new AIIMS, he added. He noted that the new Institutes will be n++AIIMSn++ and not n++AIIMS-liken++. n++Innovation for cost effective and affordable healthcare is the need of the day. To take up all these challenge AIIMS needs strengthening and expansion of its facilities. Which we are committed to provide,n++ Shri Nadda said.

Speaking at the ceremony, Shri Venkaiah Naidu said that that in line with the vision of the Prime Minister, we should reform, perform and transform and this initiative reflects that. Shri Naidu further stated that this initiative is going to change the face of AIIMS. n++The profession of doctors is a very noble task and AIIMS has contributed significantly in providing quality healthcare. The expansion plans of the Government would not only improve medical education but will also provide greater access to world class facilities to the citizens,n++ Shri Naidu added. He further said that we should have such premier institute in every state of the country and India is well on its way to becoming a medical hub in the world.

The agreement with NBCC for redevelopment envisages construction of 3060 residential apartments at Ayur Vigyan Nagar campus and 868 apartments at West Ansari Nagar Campus by construction of 3060. The total augmentation of 3928 units would take the total available residential units of AIIMS to 4505. The detailed proposal identifying the housing requirements/type design/project rollout schedule has been firmed up after wide consultations and deliberations by a broad based committee of faculty and consensus was arrived at in a meeting Chaired by the Director, AIIMS in presence of Heads of Departments, Faculty Association, the Officers Union, the Nursing Union and the Karmachari Union .

The agreement with HLL Infra Tech Services (HITES) is for procurement of all types of Medical Equipment and Services including Medical Gas distribution system, CSSD, Modular Operation Theatres for National Cancer Institute, AIIMS, Jhajjar, Haryana. Similarly, HSCC has been selected as a project management consultant for the design, tendering, supervision of engineering components and for equipment procurement and allied infrastructure works for the proposed National Cardiovascular Institute, (NCVI) at the AIIMS second campus at Jhajjar.

Powered by Capital Market - Live News

Indiabulls Real Estate provides update on Supreme Court judgment on Tehkhand Land
Jan 18,2017

Indiabulls Real Estate announced that pursuant to the judgment passed by the Honble Supreme Court of India, a refund of approximately Rs. 701 crore, net of TDS, (being the auction price along with interest) has been received from the Delhi Development Authority (DDA) by Kenneth Builders & Developers, a 100% subsidiary of Indiabulls Infrastructure [a JV Co set up by Indiabulls Real Estate (the Company) with FIM (managed by Farallon Capital Management LLC and its affiliates, a leading U.S. private equity fund), in which FIM was holding approx 74% equity and IBREL was holding approx 26% equity] (IIPL) in relation to the land situated at Village Tehkhand, Maa Anand Mai Marg, New Delhi (Tehkhand Land) which was earlier allotted by DDA for development of residential project.

Further, in compliance with the directions of the Honble Supreme Court of India, possession of the Tehkhand Land has been handed over to DDA. The Company has further informed the Company has acquired FIMs entire stake of approx. 74% in IIPL, for a total consideration of approx. Rs. 382 crore and with this IIPL has become 100% owned by the Company.

Powered by Capital Market - Live News

Hinduja Ventures gains after disinvestment of stake in Hinduja Energy (India)
Jan 18,2017

The announcement was made after market hours yesterday, 17 January 2017.

Meanwhile, the S&P BSE Sensex was up 104.18 points, or 0.38%, to 27,329.82

On the BSE, so far 439 shares were traded in the counter, compared with average daily volumes of 2,950 shares in the past one quarter. The stock had hit a high of Rs 511 and a low of Rs 506 so far during the day. The stock hit a 52-week high of Rs 600.70 on 1 November 2016. The stock hit a 52-week low of Rs 365.10 on 12 February 2016.

The small-cap company has equity capital of Rs 20.56 crore. Face value per share is Rs 10.

Hinduja Ventures said that the company had invested in 6.11 crore shares of Hinduja Energy (India) at Rs 187.10 crore in November 2013. The companys board of directors had on 22 October 2016 and 22 December 2016 approved the disinvestment of its stake in Hinduja Energy (India). Accordingly, the company has disinvested 6.11 crore shares of Hinduja Energy (India) at a profit and fully realised the sale proceeds, Hinduja Ventures said.

Net profit of Hinduja Ventures declined 0.04% to Rs 28.19 crore in Q2 September 2016 over Q2 September 2015. Net sales was reported at Rs 51.95 crore in Q2 September 2016. No sales were reported in Q2 September 2015.

Hinduja Ventures operates across three segments: media and communication, real estate, and investment and treasury.

Powered by Capital Market - Live News

ITC to announce Q3 and 9M results
Jan 18,2017

ITC announced that a Meeting of the Board of Directors of the Company has been convened for 27 January 2017, inter alia, to consider and approve the Unaudited Financial Results of the Company for the Quarter and Nine Months ended 31 December 2016 (Q3).

Powered by Capital Market - Live News

IIFL Holdings allots 9,300 equity shares
Jan 18,2017

IIFL Holdings announced that the Nomination and Remuneration Committee of the Board of Directors of the Company by way of circular resolution(s) allotted 9,300 equity shares to the employees of the Company/ Subsidiaries upon exercise of stock options under Employee Stock Option Schemes.

Upon allotment, the equity base of the Company stand increased from equity shares 31,75,87,854 to 31,75,97,153 equity shares of Rs. 2/- each.

Powered by Capital Market - Live News

Board of Woodsvilla to consider December quarter results
Jan 18,2017

Woodsvilla announced that a meeting of the Board of Directors of the Company is scheduled to be held on 13 February 2017, inter alia, to consider the following business:

- Approval of the Unaudited Financial Results of the Company for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

SBI gains after raising $500 million from overseas bond sale
Jan 18,2017

The announcement was made after market hours yesterday, 17 January 2017.

Meanwhile, the BSE Sensex was up 124.78 points, or 0.46%, to 27,360.44.

On the BSE, so far 80,000 shares were traded in the counter, compared with average daily volumes of 19.02 lakh shares in the past one quarter. The stock had hit a high of Rs 258.10 and a low of Rs 256.50 so far during the day.

The stock hit a 52-week high of Rs 288.50 on 11 November 2016. The stock hit a 52-week low of Rs 148.30 on 12 February 2016. The stock had underperformed the market over the past 30 days till 17 January 2017, falling 2.01% compared with the 3.26% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 0.53% as against Sensexs 2.68% decline.

The large-cap state-run bank has equity capital of Rs 776.28 crore. Face value per share is Re 1.

State Bank of India (SBI) said it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually under Regulation-S. The bonds will be issued through the banks London branch as of 24 January 2017 and shall be listed on Singapore Stock Exchange.

The bond was reportedly priced at 145 basis points above the 5-year US Treasury, which is around 3.29%.

SBIs net profit fell 34.6% to Rs 2538.32 crore on 8.3% growth in operating income to Rs 50742.99 crore in Q2 September 2016 over Q2 September 2015.

SBI is Indias biggest bank in terms of branch network. The Government of India currently holds 60.18% stake in SBI (as per the shareholding pattern as on 31 December 2016).

Powered by Capital Market - Live News

Reliance Industries and SIBUR sign MoU
Jan 18,2017

Reliance Industries and Russian petrochemical giant SIBUR signed an MoU at the recently-concluded Vibrant Gujarat Summit at Gandhinagar to set up South Asias first butyl rubber halogenation unit at RILs integrated petrochemical site in Jamnagar, Gujarat.

The unit will produce 60,000 MT of halogenated butyl rubber every year under Reliance Sibur Elastomers Private Limited (RSEPL) - a joint venture (JV) of which RIL owns 74.9%, and SIBUR 25.1%.

Apart from the planned halogenation unit, the JV owns a 1,20,000 MT per annum butyl rubber plant, currently under construction at the same venue which will provide the necessary butyl rubber feed to the halogenation unit.

Construction of the butyl rubber plant is in full swing at Jamnagar, its commissioning targeted for 2018.

Production from Reliance SIBUR Elastomers (RSEPL) will substitute imports and reduce outflow of valuable foreign exchange from India, providing impetus to the governments Make in India initiative.

Powered by Capital Market - Live News

Board of Galada Finance to consider December quarter results
Jan 18,2017

Galada Finance announced that a meeting of the Board of Directors is scheduled to take place on 28 January 2017, to consider, approve and take on record the Unaudited Financial Results for the quarter ended 31 December 2016.

Powered by Capital Market - Live News

Note scrapping can do little to stop future generation of black money: ASSOCHAM study
Jan 18,2017

Demonetisation may wipe out the stock of black money held in cash but can do little about the ill-gotten wealth converted to assets like gold and real estate and the scrapping of high value notes does not prevent the future generation of unaccounted money, said an ASSOCHAM study on Currency Demonetisation.

n++Invalidating existing high denomination notes addresses the stock of black money but little to address future flows. Eliminating such flows will require further reforms like lowering stamp duty on property transactions, electronic registration of real estate etcn++, said the study.

It said high denomination currency withdrawal is not without some inherent problems. n++It is very difficult to separate black money from white money because distinction is not once-and-for-all. White money used to purchase something becomes black if the shop-keeper does not pay sales taxn++n++

Much of conspicuous consumption is paid for in unaccounted money, which, in the hand of the recipients can again become perfectly legal income. n++Benami deals in real estate and commodity markets make it difficult to trace the transactions to the ultimate buyer or seller. n++Even if the existing stock of illegal currency is wiped out by demonetization, it will be soon replaced as long as such points of contact exist between legitimate and illegitimate dealsn++, said the ASSOCHAM study quoting EPW journal.

It said ultimately, the problem of undisclosed incomes and wealth has to be tackled at the source. The government must reduce the opportunity and incentives for unaccounted transactions by narrowing the gap between the market value and the one fixed by the government agencies for different levies like stamp duty etc.

n++Indications that most of the scrapped currency has returned to the banking system through right or wrong means do suggest that demonetization may not even fully wipe out the existing stock of ill-gotten cash. To that extent, even our study may turn out to be ambitious if the tax authorities are not able to trace the money laundered through different accounts. Given the resource constraints with the tax authorities, carrying out such an exercise for identification of laundered money may be a herculean task,n++ said ASSOCHAM Secretary General Mr D S Rawat.

The chamber suggested several measures to check the menace of black money. These include reducing discretionary powers to officers, which is possible if the rules and laws are crystal clear and are not left to individuals interpretation.

n++Ironically, several of our laws are badly drafted and framed, leaving scope for official discretion. The problem in a way starts here,n++ said the chamber, adding a strong political will would be required to deal with this issue. Bureaucrats drafting the proposed legislations should be clearly instructed not to leave any grey areas.

Powered by Capital Market - Live News

Tata Power in focus after non-fossil operating capacity climbs to 3,060 MW
Jan 18,2017

Tata Power, Indias largest integrated power company, announced that its total generation from non-fossil operating capacity stood at 3,060 megawatts (MW), making it the largest renewable energy company in India. The companys robust non-fossil fuel portfolio comprises of 693 MW of Hydro, 918 MW of Solar, 1074 MW of Wind, and 375 MW of waste gas based generation. Taking a step further towards building a greener portfolio last year, the company revised its share of non-fossil fuel based capacity up to 35-40% by 2025. The announcement was made after market hours yesterday, 17 January 2017.

Tata Chemicals said that Brickwork Ratings has revised its rating on the companys non-convertible debentures (NCD) issue of Rs 250 crore. Brickwork Ratings has removed the n++Ratings under watch with developing implicationsn++ for the Rating of BWR AA+ assigned to the NCD issue. The rating now stands at BWR AA+ (Pronounced Double A Plus) (Outlook: Stable). The announcement was made after market hours yesterday, 17 January 2017.

State Bank of India (SBI) said it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually under Regulation-S. The bonds will be issued through the banks London branch as of 24 January 2017 and shall be listed on Singapore Stock Exchange. The announcement was made after market hours yesterday, 17 January 2017.

Vijaya Bank said it raised Basel III compliant additional Tier- I Bonds (Series IV) of Rs 325 crore through private placement on 17 January 2017 at coupon rate of 10.49% per annum. The announcement was made after market hours yesterday, 17 January 2017.

Yes Bank announced that it has launched YES FINTECH - a unique business accelerator program in collaboration with T-Hub - Indias fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill, LetsTalkPayments, a global platform for financial technology (Fintech) insights is the knowledge partner.

Yes Bank said it has been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its corporate, small and medium enterprises (SME) and retail customer base as part of its Alliances, Relationships & Technology (A.R.T) approach to digitized banking.

YES FINTECH accelerator will further augment this approach and help the bank co-create disruptive innovations in the financial inclusion, micro, small and medium enterprises (MSME) focused solutions, payments, lending, compliance, risk management, trade finance, capital markets and forex & treasury space. The announcement was made after market hours yesterday, 17 January 2017.

Bharat Wire Ropes said it booked orders of Rs 8 crore approximately out of which a prestigious and special order from defense has been awarded for Rs 6.5 crore approximately. The company has bid for various projects and the outstanding bids/offers are for approximately Rs 60 crore, which are at various stages of evaluation. The announcement was made after market hours yesterday, 17 January 2017.

Rama Steel Tubes announced that a meeting of its board of directors will be held on 25 January 2017, to consider and approve the proposal of fund raising on a private placement basis, subject to shareholders approval. The announcement was made after market hours yesterday, 17 January 2017.

Powered by Capital Market - Live News

SBI in focus after raising $500 million from overseas bond sale
Jan 18,2017

State Bank of India (SBI) said it concluded the issue of $500 million fixed rate senior unsecured notes having a maturity of 5 years at a coupon of 3.25% payable semi-annually under Regulation-S. The bonds will be issued through the banks London branch as of 24 January 2017 and shall be listed on Singapore Stock Exchange. The announcement was made after market hours yesterday, 17 January 2017.

Vijaya Bank said it raised Basel III compliant additional Tier- I Bonds (Series IV) of Rs 325 crore through private placement on 17 January 2017 at coupon rate of 10.49% per annum. The announcement was made after market hours yesterday, 17 January 2017.

Yes Bank announced that it has launched YES FINTECH - a unique business accelerator program in collaboration with T-Hub - Indias fastest growing start-up engine catalysing innovation, scale and deal flow and Anthill, LetsTalkPayments, a global platform for financial technology (Fintech) insights is the knowledge partner.

Yes Bank said it has been collaborating with and supporting more than 100 Fintech start-ups in the country to provide innovative financial solutions to its corporate, small and medium enterprises (SME) and retail customer base as part of its Alliances, Relationships & Technology (A.R.T) approach to digitized banking.

YES FINTECH accelerator will further augment this approach and help the bank co-create disruptive innovations in the financial inclusion, micro, small and medium enterprises (MSME) focused solutions, payments, lending, compliance, risk management, trade finance, capital markets and forex & treasury space. The announcement was made after market hours yesterday, 17 January 2017.

Bharat Wire Ropes said it booked orders of Rs 8 crore approximately out of which a prestigious and special order from defense has been awarded for Rs 6.5 crore approximately. The company has bid for various projects and the outstanding bids/offers are for approximately Rs 60 crore, which are at various stages of evaluation. The announcement was made after market hours yesterday, 17 January 2017.

Rama Steel Tubes announced that a meeting of its board of directors will be held on 25 January 2017, to consider and approve the proposal of fund raising on a private placement basis, subject to shareholders approval. The announcement was made after market hours yesterday, 17 January 2017.

Tata Chemicals said that Brickwork Ratings has revised its rating on the companys non-convertible debentures (NCD) issue of Rs 250 crore. Brickwork Ratings has removed the n++Ratings under watch with developing implicationsn++ for the Rating of BWR AA+ assigned to the NCD issue. The rating now stands at BWR AA+ (Pronounced Double A Plus) (Outlook: Stable). The announcement was made after market hours yesterday, 17 January 2017.

Powered by Capital Market - Live News

Asia Pacific Market: Stocks down ahead of Trump, Brexit uncertainty
Jan 17,2017

Asia Pacific share market closed mostly down on Tuesday, 17 January 2017, as investors caution ahead of a speech by UK Prime Minister Theresa May, who is expected to outline her governments Brexit strategy nd Fridays inauguration of Donald Trump as U.S. president.

Sell orders overwhelmed regional stocks ahead of a speech by British Prime Minister Theresa May later in the day on her governments plan for negotiations over its exit from the European Union, which some traders fear will see Britain lose access to the blocs single market.

May is expected to deliver a speech on her negotiation plan with the European Union (EU) once Britain triggers Article 50 of the Lisbon Treaty, which establishes a two-year negotiation period on the departure of an EU country. Her speech will reveal what London is looking for in its future relationship with the EU, although it is not expected to reveal too many details in order not to prejudice the negotiations. Still, wary investors are waiting for clues about the process and its impact on the global economy.

Overall, market activity was light due to the lack of cues from US markets, which were closed on Monday for the Martin Luther King Day holiday, and investors globally were cautious over what the new US presidency might bring once Donald Trump is inaugurated on Friday.

Among Asian bourses

Australia Market falls on caution ahead of global political events

Australian share market closed down, as investors showed caution ahead of political uncertainty in Europe and the US. All ASX sectors declined, exception being bullion sector, with financial, realty, and consumer-exposed stocks being major losers. At the closing bell, the benchmark S&P/ASX 200 index declined 49 points, or 0.85%, to 5699.40, while the broader All Ordinaries index dropped 48.30 points, or 0.83%, to close at 5754.70.

Shares of financial sector were hard hit, with the four big banks leading losses. Among major banks, Australia & New Zealand Banking Group declined 1.3% to A$30.40, Westpac 0.9% to A$32.77, National Australia Bank 1.1% to A$30.80, and Commonwealth Bank of Australia 0.9% to A$83.35.

Materials and resources shares closed lower as profit booking after iron ore pulled back from a 3-year high. Rio Tinto shed 0.8% to A$62.70 and Fortescue Metals 3.3% to A$6.13. BHP Billiton erased 0.2% to A$26.71.

Bucking the trend, higher gold prices drove the ASX gold index up, with Newcrest Mining and Northern Star Resources adding 1.6% and 2%, respectively.

Nikki falls on yen strength, British uncertainty

The Japan share market closed down for second straight session after see-sawing between gains and losses throughout the session, hurt by yen ascent against major currencies amid caution ahead of British Prime Minister Theresa Mays speech on Brexit plans due later in the global day, as well as President-elect Donald Trumps inauguration stateside at the end of the week. Every industry category on the main section lost ground, led by fishery, agriculture and forestry, real estate and construction issues. The 225-issue Nikkei Stock Average ended down 281.71 points, or 1.48%, at 18,813.53, its lowest closing level since Dec. 8. The broader Topix index of all First Section issues on the Tokyo Stock Exchange finished 21.54 points, or 1.41%, lower at 1,509.10.

Stocks of Japanese exporters were hardest hit, pressure by a surge in the yen. The greenback sank to 113.40 yen from 114.04 yen on Monday. Takata extended its losses, diving 4.63% to 905 yen, after a 10% fall Monday, as the firm on Friday agreed to plead guilty to fraud and pay $1 billion to settle a deadly airbag scandal that sparked the auto industrys biggest-ever safety recall. Nintendo rose 1.65% to 23,585 yen, while Toyota fell 1.58% to 6,719 yen and Hitachi fell 1.21% to 644.4 yen. Uniqlo operator Fast Retailing, a market heavyweight, slipped 1.89% to close at 36,700 yen.

China Stocks gain on bargain hunting, PBOC liquidity injection

Mainland China stock market ended higher, powered by bottom hunting in heavily battered stocks following five-day losing streaks and the central bank liquidity injection into the banking system. The blue-chip CSI300 index, which tracks large companies in Shanghai or Shenzhen, was up 0.21% to close at 3,326.36. The Shanghai Composite Index added 0.17% to close at 3,108.77. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 1.17% to 1873.02. The ChiNext Index, which tracks Chinas NASDAQ-style board of growth enterprises, jumped 2.02% to 1,867.87 points.

The Peoples Bank of China stepped up its injections as the Chinese New Year holiday approaches, when cash demand usually rises substantially. The week-long Chinese New Year holiday starts 27 January 2017 till 2 February 2017. The central bank injected CNY100 billion via seven-day reverse repos and CNY230 billion via 28-day reverse repos at its open-market operations on Tuesday. The moves resulted in a net injection of CNY270 billion at the OMO for the day, after a net addition of CNY165 billion on Monday.

The PBOCs liquidity injections indicate that the government wants to stabilize equities ahead of Lunar New Year, helping calm markets today.

Leshi Internet Information & Technology Corp surged by the 10% daily limit. Company Chairman Jia Yuetings LeEco technology empire has secured strategic investments, according to a statement released Friday.

Beijing Sinnet Technology Co. surged by its daily limit in Shenzhen after the company said in a preliminary earnings statement that its 2016 profit jumped by as much as 208% from the previous year

Hong Kong Stocks rise amid caution before Mays speech

The Hong Kong stock market ended higher in light trading, on tracking gains in Mainland China bourses. However, market upside momentum capped on caution over the likelihood of Britain pulling out of the European Unions single market and Fridays inauguration of Donald Trump as U.S. president. The move came ahead of Ms Mays speech tonight, in which she is likely to say that Britain is seeking a clean break from the EU, in remarks that are expected to provide the most significant indication yet about her governments plans. Nearly all sectors gained ground, led by industrial stocks. The Hang Seng Index added 0.54% or 122.82 points to close at 22,840.82. The Hang Seng China Enterprises index, or the H-share index, rose 0.37% or 36.10 points to 9,702.19. Turnover decreased to HK$50.7 billion from HK$56.9 billion on Monday.

HSBC (00005) and Standard Chartered (02888) rose 1.6% and 7% to HK$64.2 and HK$71.35 after Goldman Sachs raised its target prices for the banks to HK$74 and HK$66 (from HK$70 and HK$61) respectively. The research house saw lower-than-expected volatility for both banks since the Brexit outcome.

CK Property (01113) yesterday spent HK$210 million to buy back its own shares. It gained 2.2% to HK$50.7. CKH Holdings (00001) inched down 0.2% to HK$90.4. CKI Holdings (01038) fell 1% to HK$60.95. Power Assets (00006) added 0.4% to HK$72.8.

Mengniu Dairy (02319) dipped 2% to HK$14.36 after Credit Suisse downgraded its rating and target price. It was the worst blue-chip loser.

Sensex, Nifty settle with small losses

Indian benchmark indices settled with small losses after a range-bound and lackluster session of trade as lower European stocks dampened sentiment. The barometer index, the S&P BSE Sensex, declined 52.51 points or 0.19% to settle at 27,235.66. The Nifty 50 index shed 14.80 points or 0.18% to settle at 8,398. Profit booking emerged after last weeks solid surge in indices as investors maintained caution ahead of British Prime Minister Theresa Mays speech on Brexit later today, 17 January 2017.

Bank stocks were mixed. Metal & mining stocks declined. Index heavyweight Reliance Industries (RIL) dropped after the company reported small growth in profitability and drop in gross refining margin in Q3.

IT major TCS advanced after the company announced a partnership with Aurus, Inc., a global leader in innovative payments technology, to deliver payment solutions for retailers using TCS OmniStore, a first of its kind unified store commerce platform. Another software pivotal HCL Technologies edged higher after the company issued a clarification to the stock exchanges on a law suit filed against its wholly owned subsidiary HCL America Inc.

Cigarette major ITC rose on reports a foreign brokerage reiterated buy call on the stock with a target price of Rs 290 after cigarette price hike.

Elsewhere in the Asia Pacific region: New Zealands NZX50 was up 0.45% to 7069.59. South Koreas KOSPI index added 0.4% to 2071.87. Taiwans Taiex index added 0.7% to 9354.53. Malaysias KLCI jumped 0.3% to 1663. Indonesias Jakarta Composite index fell 0.1% to 5266.94. Singapores Straits Times index shed 0.35 point to 3012.77.

Powered by Capital Market - Live News

Tiger Logistics (India) gets certified in India Customs AEO program
Jan 17,2017

Tiger Logistics (India) has been certified by Indian Customs in Authorised Economic Operator Program under CBEC on 22 July 2016. This certificate is valid till December 2021.

Powered by Capital Market - Live News