Indian Share Market Morning Report 18 February

INDIA TOP NEWS

• India campaigns to inject more funds into state banks as poor loans climb India is preparing to force in an upper-than-expected capital sum into badly performing state banks, government sources said, a roll that could see New Delhi infuse as much as $34 billion additionally and make it harder to strike designed deficit goals. 
• India to auction at slightest 3 gold mines present year India is planning to auction at slightest 3 gold mines in 2016, a top government official said, opening up the division to private firms for the 1th time ever in a offer to slash imports of the metal that cost the government $36 billion previous year. 
• India antitrust body thinks Monsanto JV harmed dominant spot India's antitrust regulator has ordered an investigation into a Monsanto joint venture, saying it supposed the company had battered its dominant spot as a supplier of genetically modified cotton seeds. 
• BAE picks Mahindra for Indian gun meeting plant BAE Systems said on Wed. it had choose Indian conglomerate Mahindra Group to build a plant for the meeting of its M777 Ultra Lightweight Howitzer artillery guns that it wants to sell to India.

Shares in News

Dr Reddy's Lab picks after unveiling buyback plan

Dr Reddy's Laboratories increased 4.22 Per cent to Rs 2,981 at 15:30 IST on BSE after the company said its board approved the offer for buyback of equity stocks. 

IFCI drops ex-dividend

IFCI dropped 4.4 Per cent to Rs 20.65 at 15:14 IST on BSE after the stock turned ex-dividend today, 17 Feb. 2016 for an interim dividend of Re 1/ stock for the year closing 31 March 2016. IFCI's net revenue increased 15.4 Per cent to Rs 154.33 crore on 11.6 Per cent climb in total income to Rs 947.15 crore in third quarter (Q3) December 2015 over third quarter (Q3) December 2014. 

BASF India gains after German parent sells industrial coatings biz for 475 million euros

BASF India increased 3.20 Per cent to Rs 747.50 at 14:55 IST on BSE after the company said that its German parent, BASF, would sell its industrial coatings business to Akzo Nobel for 475 million euros. BASF India noted net failure of Rs 106.38 crore in third quarter(Q3) Dec. 2015, higher than net failure of Rs 39.59 crore in third quarter(Q3) Dec. 2014. Net sales increased 15.6 Percent to Rs 1126.26 crore in third quarter (Q3) Dec. 2015 over third quarter (Q3) Dec. 2014. 

Glenmark Pharma gains after US unit gets tentative ANDA approval for Azelaic Acid Gel

Glenmark Pharmaceuticals increased 2.41 Percent to Rs 721.15 at 14:41 IST on BSE after the company's US unit was granted tentative approval by the USFDA for its Azelaic Acid Gel, 15 Percent. On a merged basis, Glenmark Pharmaceuticals' net revenue increased 48.1 Percent to Rs 169.95 crore on 1.9 Percent increase in net sales to Rs 1724.46 crore in third quarter(Q3) December 2015 over third quarter(Q3) Dec. 2014. 

Bank of India falls after S&P revises view

Bank of India dropped 2.33 Percent to Rs 83.70 at 14:20 IST on BSE after Standard & Poor's Ratings Services revised its view on the state-run bank to downbeat from steady

TCS inches up after launching Digital Reimagination Studio in Silicon Valley

TCS increased 0.17 Percent to Rs 2,271.50 at 13:55 IST on BSE after the company declared release of Digital Reimagination Studio in Silicon Valley, designed to help clients and partners quickly ideate bold fresh innovations and build industry varying concepts. 

Ricoh India gains after strengthening public cloud services offering

Ricoh India increased 1.28 Percent to Rs 555 at 12:57 IST on BSE after the company declared the growth of its existing data centre facility in Kolkata in order to support its public cloud services offerings. 

Motherson Sumi falls after bulk contract

Motherson Sumi Systems gone 3.25% to Rs 219.05 at 11:57 IST on BSE after a bulk contract of 4.44 lakh stocks was executed on the scrip at Rs 217.75/stock at 11:08 IST on BSE today, 17 Feb. 2016. (Report Share shoppe lowest brokerage online trading companies)