Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 22 points at the opening bell. The government will today, 14 May 2015 unveil data on inflation based on the wholesale price index (WPI) for April 2015. Asian stocks were mixed today, 14 May 2015.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 71.20 crore yesterday, 13 May 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 254 crore yesterday, 13 May 2015, as per provisional data.
Lupin after market hours yesterday, 13 May 2015 announced the acquisition of 100% equity stake in Medquimica Industria Farmaceutica S.A., Brazil, (Medquimica) subject to certain closing conditions. The acquisition marks Lupin's foray into the high growth Brazilian market and would also shore up its position in the Latin American pharmaceuticals market given the company's acquisition of Laboratorios Grin in Mexico last fiscal, Lupin said in a statement.
Incorporated in 1975, Medquimica is a broad based pharmaceutical company engaged in the development, manufacturing & commercialization of branded generics, pure generics and OTC products.
GAIL (India) announced after market hours yesterday, 13 May 2015 that IndianOil Corporation and GAIL (India) have signed memorandum of understanding (MoU) with Dhamra LNG Terminal (DLTPL), a company owned by Adani Enterprises. DLTPL's project shall be an onshore LNG regasification terminal having initial capacity of 5 million tonnes per annum (MTPA), at Dhamra Port in Bhadrak district of Odisha. Dhamra is an all-weather deep water port.
As per the terms of MoU, Indian Oil and GAIL would reserve regasification capacity in the Terminal to supply regasified LNG in the emerging gas markets in the eastern part of the country. IndianOil and GAIL would also have the option to hold equity in DLTPL at a later date.
Shares of UFO Moviez India will be admitted for trading on the bourses today, 14 May 2015. The issue price for the initial public offering (IPO) was fixed at Rs 625 per share, the top end of the IPO price band. UFO Moviez India is India's largest digital cinema distribution network and in-cinema advertising platform (in terms of numbers of screens).
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The government will today, 14 May 2015 unveil data on inflation based on the wholesale price index (WPI) for April 2015. The WPI based inflation dipped to minus 2.3% in March 2015 compared with minus 2.1% in February 2015.
Prime Minister Narendra Modi's three nation official visit to China, Mongolia and Republic of Korea begins today, 14 May and ends on 19 May 2015. In China, Prime Minister will visit Xian, Beijing and Shanghai from 14 May to 16 May 2015. He will hold bilateral meetings with China's leadership and participate in cultural and business events. PM will attend an event organized by the Indian community in China. Prime Minister's official engagements in Mongolia will be on 17 May 2015. This is the first ever visit by a Prime Minister of India to Mongolia. Prime Minister's visit to Republic of Korea will be on 18 May to 19 May 2015. PM will hold bilateral discussions with President Park Geun-hye and meet with important business leaders in Seoul.
After a steep slide on 12 May 2015, key benchmark indices logged strong gains yesterday, 13 May 2015 amid high intraday volatility. The S&P BSE Sensex rose 373.62 points or 1.39% to settle at 27,251.10, its highest closing level since 11 May 2015.
Asian stocks were mixed today, 14 May 2015. Key benchmark indices in Singapore, Hong Kong and South Korea rose by 0.07% to 0.78%. Key benchmark indices in China, Taiwan and Japan fell by 0.32% to 0.91%.
US stocks closed virtually unchanged yesterday, 13 May 2015 as early gains faded by the end of the session. The S&P 500 and Dow declined for the third consecutive day, following disappointing monthly retail sales figures.
In economic data, US retail sales were unchanged in April as households cut back on purchases of cars and other big-ticket items and import prices fell for a 10th straight month in April and business inventories barely rose in March.
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