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18 May Markets snap record-setting trend: Sensex open 100 points on weak global cues

Key benchmark indices opened lower following weak global cues as concerns over Donald Trump's administration spooked investors sentiment. At 10.20 am, the S&P BSE Sensex, was down 146.27 points or 0.48% at 30,512.50, while the Nifty-50 index was down 63.75 points or 0.67% at 9,462.00. The BSE MidCap index was down 1.08% and the SmallCap index was down 0.95%. As for buzzing stocks, TCS, Wipro Ltd and HDFC gained on BSE Sensex, while Dr Reddy's Laboratories, ICICI Bank, Axis bank and Adani Ports lost the most on the index. HUL fell about 0.3 percent even though the company has posted a 6...
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Oil companies’ stock slips in trade due to falling crude oil prices

Stocks of oil marketing company have tumbled in trade in the afternoon hours on Wednesday.  The global crude oil prices slipped down in Wednesday’s trade. The US crude data indicates a further rise in the inventories and oil supply across world. On Indian Multi commodity exchange, the crude oil futures contract for May series was trading lower by 0.13% at Rs. 3179 per barrel. The oil companies including Hindustan Petroleum Corp Ltd (HPCL), Bharat Petroleum Corp Limited (BCPL) Oil India Limited and Indian Oil Corpn (IOC) are losing their splendour in the afternoon hours on Wednesday. HPCL is...
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IOL Chemicals and Pharma stock surges 10%

Stocks of IOL Chemicals and Pharmaceuticals Ltd ( IOLCP) are soaring high in Thursday’s session, after the company has obtained certification of EUGMP from National Institute of Pharmacy and Nutrition, Hungary, for its products in compliance with principles of Goods Manufacturing Practices, facilitating company's expansion in the European market. The stocks are trading up by about 10% at Rs 66.30 share apiece, on BSE.  The stock opened at Rs 62.95, touched a high and low of Rs. 66.30 and Rs 62.95 respectively, per share. The stock is now trading below its 200 Direct market access. IOLCP is o...
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Reliance Defence & Engineering’s financial results announced

Reliance Defence & engineering Ltd (RDEL) has reported its standalone revenue for the quarter ended March 31, 2017. Total sales for this quarter figured at Rs. 228 crore, registering 140.5% year-on-year increase. Earnings Before Interest, Taxes, Depreciation & Amortization (EBIT) for the quarter came in at Rs. 44.2 core with referenced to the EBIT loss of Rs. 46.1 crore in the preceding quarter ending December 2016. In terms of the end result, the net loss of the company expanded to Rs. 140 crore as against net loss of Rs. 132 crore in previous quarter. The stock of RDEL opened today ...
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