Investors seem to be in wait and watch mode. The Sensex is up 23.48 points at 28088.09, and the Nifty is down 0.30 points at 8642.25.
About 1369 shares have advanced, 949 shares declined, and 156 shares are unchanged. Coal India, Tata Steel, Hero MotoCorp, Axis Bank and Bajaj Auto are gainers while TCS, Asian Paints, Infosys, GAIL and L&T are losers in the Sensex.
Dish TV is up 3 percent as Dish TV is in the final stages of acquiring Videocon D2H to create India’s largest direct-to-home (DTH) player with almost 45 percent market share.
It is learnt that the deal is likely to be a cash and share-swap deal and will be used to pay off lenders of debt-laden Videocon D2H, who have been skeptical over its ability to service the debt.
The deal size as well as valuation for Videocon D2H is anticipated to be lower than USD one billion. While previous bouts of strength in the yen have pushed Japanese manufacturers to shift production overseas, exporters are coping with the recent currency stresses by penny-pinching - turning off lights and cramming elevators in the hope that nothing more drastic will be needed before the tide turns.
The yen, a safe haven in troubled times, has been climbing in the unsettled period before and after Britain's June 23 vote to leave the European Union (Brexit) upset global markets, moving nearly 10 yen against the dollar since early June to just under 100.
Call: 7415033556
No comments:
Post a Comment