Nifty ends above 10,250, up 1.4% for the week; Sensex ends 301 pts higher

All that happened in the market today

1:12 PM

Riddhi Siddhi Gluco Biols zooms 20% on delisting plan

 

Riddhi Siddhi Gluco Biols was locked in upper circuit of 20% at Rs 581, also its new high on the BSE, after the company announced that the board will meet on Tuesday, 12th December, 2017 to consider the delisting proposal.

 

The company has received the proposal from the promoter(s)/promoter(s) group as regards delisting of equity shares of the company from BSE, Riddhi Siddhi Gluco Biols said in a filing. READ MORE

12:50 PM

Jet Airways falls 5% post Q2 results

 

Jet Airways (India) dipped 5% to Rs 665 on the BSE in intra-day trade after the company reported a 91% drop in standalone net profit at Rs 50 crore in September quarter (Q2FY18), due to higher fuel expenses. It had profit of Rs 549 crore in the same quarter year ago.

 

Revenue from operations grew 3% at Rs 5,627 crore against Rs 5,453 crore in the corresponding quarter of previous year.
 

Quarterly total expenses rose 9.2% to Rs 5,709 crore with aircraft fuel expenses rising about 17% at Rs 1,526 crore over the previous year quarter.

12:38 PM

Sectoral Trend

Source: NSE

12:14 PM

Govt to seek court approval to take control of realty major Unitech: Report

 

The corporate affairs ministry has moved the bankruptcy court to take management control of realty major Unitech on grounds of mismanagement and diversion of funds, Bloomberg reported on Friday.

 

Unitech’s Managing Director Sanjay Chandra was arrested in April 2017 following a complaint by home buyers who weren’t given possession of their flats. Unitech had yet to deliver possession of 16,299 flats worth Rs 7,816 crore to investors. 

 

The Supreme Court denied Chandra bail until the company deposited funds with it to protect the interests of such buyers. READ MORE

11:58 AM

Bitcoin plunges more than 12% to below $15,000 after hitting record $19,000

 

Bitcoin tumbled more than 12 per cent in volatile Asian trading on Friday, dropping below the $15,000 level after touching a record high above $19,000 earlier in the session.

 

Bitcoin was down 12.6 per cent on the Bitstamp exchange at $14,500.76 as of 0530 GMT, after rising to a record $19,000.

 

It was still up more than 30 per cent for the week, as investors debated about whether the cryptocurrency was in a bubble that was about to burst.

11:40 AM

Sensex nears 33,250 levels

Index	Current	Pt. Change	% Change
S&P BSE SENSEX	33,234.71	+285.50	+0.87
S&P BSE SENSEX 50	10,705.51	+95.04	+0.90
S&P BSE SENSEX Next 50	35,732.25	+369.29	+1.04
S&P BSE 100	10,744.23	+97.93	+0.92
S&P BSE Bharat 22 Index	3,698.58	+24.00	+0.65

(Source: BSE)

11:37 AM

Mark Mobius at Barclay's India Forum

IT and pharma sectors will continue to remain strong

(courtesy: CNBC)

11:37 AM

Mark Mobius to CNBC TV18

 

GST address a lot of transportation issues. Domestic demand will continue for pharma and IT sectors

11:36 AM

Mark Mobius to CNBC TV18

India has plenty of Iron ore and coal. The government should make use of this

11:35 AM

Mark Mobius at Barclay's India Forum

A lot of commodities in India have not been exploited like iron ore, coal, which can be used by the administration

(courtesy: CNBC)

11:34 AM

Mark Mobius on CNBC TV18

Commodities: There will be a recovery in commodities as the demand continues to surge

11:31 AM

Mark Mobius on CNBC TV18

I am moving my money to state-owned banks post government's PSU bank recap plan

11:31 AM

Mark Mobius on CNBC TV18

Most of FII money is in fixed income securities in the developed markets like the US and Europe

11:30 AM

Mark Mobius at Barclay's India Forum

Biggest risk in the global market is political uncertainty

(courtesy: CNBC)

11:29 AM

Mark Mobius at Barclay's India Forum

Rise of the ETFs are quite amazing, the way they have grown

(courtesy: CNBC)