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President Trump's fiery warning to North Korea has unsettled Asian markets.

The president's extraordinary comments had already pushed U.S. stocks into negative territory on Tuesday afternoon.

Asian Korea markets North President South stock Trump warning Wednesday

 

NEW DELHI: Extending the losses for the second session, the BSE Bankex index was trading in red with shares of Axis Bank (down 1.70 per cent), ICICI Bank (down 0.80 per cent), HDFC Bank (down 0.70 per cent) and Bank of Baroda (down 0.64 per cent) as the top losers.The BSE Bankex index was trading 137 points lower at 27650 around 11.40 am (IST) in Wednesday's trade. State Bank of India (0.64 per cent) was the only stock trading in green in the index around that time.The fall in PSU banking stocks emerged after bank employee unions called for a nation-wide strike on August 22 to protest privatisation and merger of public sector banks, among other demands.The All India Bank Employees Association (AIBEA), which represents nine bank unions and employees of public and private sector banks, has called for a nation-wide strike on August 22 to press for various demands, its general secretary C H Venkatachalam said.Among other sectoral indices, BSE Metal, IT and consumer durables were trading up, while BSE Healthcare index cracked over 2 per cent.Benchmark Nifty50 index was 34 points down at 9,944, while the 30-share Sensex was declining by 110 points, trading at 31,904 around 11.40 am (IST).In the Nifty50 pack, 13 stocks were trading in green, while 38 stocks were in red.On BSE, 689 stocks were advancing whereas 1,557 stocks were lagging.

bank Bankex BSE cent employee index red stock The trading

 

TOKYO: Japan's Nikkei share average tumbled to more than a two-month low on Wednesday morning on escalating geopolitical tensions on the Korean peninsula, which boosted the safe-haven yen and knocked stocks across the board.The Nikkei dropped 1.3 per cent to 19,739.88 by the midday break, after hitting a low of 19,715.56, the weakest level since June 1. Thirty-two of Topix's 33 subsectors were in negative territory.Toyota Motor Corp dropped 2.0 per cent, Honda Motor Co shed 1.4 per cent, TDK Corp stumbled 3.1 per cent and Advantest Corp slipped 3.8 per cent.Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group each slumped 1.4 per cent.Olympus Corp stumbled 5.6 per cent after the company's April-June operating profit dropped 4.9 per cent on the year to 12.7 billion yen, hurt by weak demand in medical equipment.Also in the spotlight was Toshiba Corp, which was demoted to the Tokyo Stock Exchange's second section this month, Its shares jumped more than 9 per cent early on Wednesday after sources told Reuters the Japanese conglomerate's auditor was likely to sign off on its annual results.The broader Topix fell 1.3 per cent to 1,614.73 and the JPX-Nikkei Index 400 shed 1.2 per cent to 14,349.67.

cent Corp dropped June Nikkei The Tokyo Two Wednesday yen

 

5 Steps to Take in Jittery Markets [0.15]

Posted on Aug. 9, 2017, 6 a.m. by Morningstar Articles @ [source]

This year has been a remarkably placid one for investors thus far, but saber rattling between the United States and North Korea has some pundits discussing whether geopolitical worries could be the catalyst for the long-anticipated market sell-off. A hands-off portfolio that was 60% equity/40% bond in early 2009, for example, would be more than 80% equity today--and meanwhile you're eight years older.

allocation asset bond equity high investment investors market portfolio stock

 

SRF falls 8% on disappointing Q1 results [-0.02]

Posted on Aug. 9, 2017, 6 a.m. by Markets @ [source]

The company had profit of Rs 155 crore in the same quarter year ago.said the decrease in net profit was mainly on account of subdued commodity prices, channel destocking during the transition to the Goods and Services Tax (GST) regime and strengthened rupee.Net sales during the quarter under review increased by 6% to Rs 1,272 crore from Rs 1,195 crore in the corresponding quarter of previous fiscal. Raw material cost rose 25% to Rs 712 core on YoY basis.Analysts on an average had expected profit of Rs 110 crore on net sales of Rs 1,299 crore for the quarter.“The first quarter’s results of FY18 have been subdued due to headwinds in the form of sharp rupee appreciation against the dollar and transitional issues related to GST.

BSE crore GST net profit quarter Rs rupee sales subdued

 

NEW DELHI: Extending the losses for the sixth session, Nifty Pharma index lost more than 200 points to hit the intraday low of 8,922 in Wednesday's trade.The index was trading 185 points lower at 8,940 around 11 am (IST) with all the components in red.Aurobindo Pharma (down 3.18 per cent), Sun Pharmaceutical Industries (down 2.87 per cent), Cadila Healthcare (down 2.64 per cent) and Divi's Laboratories (down 2.41 per cent) declined over 2 per cent in the index.Notably, Lupin Dr. Reddy's Laboratories and Sun Pharmaceutical Industries hit their fresh 52-week low today.Shares of Sun Pharmaceuticals tumbled as much as 5 per cent after the company's majority-owned US subsidiary Taro Pharmaceutical Industries reported weak set quarterly numbers.Domestic markets opened in red, tracking cues from Asian peers. Selling was observed in frontline pharma, bank, realty and FMCG stocks.However, metal stocks continued their rally with shares of National Aluminium Company (up 2.79 per cent), Jindal Steel & Power (up 2.37 per cent), Hindalco Industries (up 2.32 per cent) and Vedanta (up 1.53 per cent) registering significant gains.Benchmark Nifty50 index was 32 points down at 9,947, while the 30-share Sensex was 101 points lower at 31,910 around 11 am (IST).In the Nifty50 pack, 14 stocks were trading in green, while 37 stocks were in red.On BSE, 699 stocks were advancing whereas 1,477 stocks were lagging.

cent hit index Pharma pharmaceutical red share stocks Sun trading

 

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Centrum Capital hits record high after block deals [0.04]

Posted on Aug. 9, 2017, 5:24 a.m. by Markets @ [source]

The name of buyers not disclosed.Thus far in the calendar year 2017, the stock has outperformed the market by surging 120% as compared to 20% rise in the S&P BSE Sensex.At 10:53 am; it was up 11% at Rs 60.05, against 0.36% decline in the benchmark index.

BSE buyers calendar disclosed market outperformed rise stock surging Thus

 

If you hold shares in any of the suspected that have been banned from trade following the order on Monday, you have a genuine reason to worry – at least for now.

Analysts say those who hold shares in these 331 companies are left with little choice – at least for now.

companies firm market regulator Sebi shares Shell suspected trade trading

 

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NEW DELHI: Shares of Naveen Jindal-led Jindal Steel and Power (JSPL) advanced as much as 2.80 per cent in early trade on Wednesday after net loss of the company narrowed down to Rs 420.40 crore for the quarter ended June 30, 2017. Shares of the company opened at Rs 141 and touched a high and low of Rs 143.60 and Rs 138.45, respectively, in trade so far.

cent crore Jindal net quarter Rs shares trade week year

 

Just hours after US President Donald Trump told that any threat to the United States would be met with "fire and fury," a spokesman for the Korean People's Army said in a statement carried by the North's state-run KCNA agency that it was considering a strike aimed at US military bases on Guam.

Asian shares and US stock futures slipped while US Treasuries, gold and the safe-haven yen rose in early Asian trading on Wednesday after tensions on the Korean peninsula escalated with Pyongyang's warning that it is "carefully examining" plans for a missile strike on the US Pacific territory of Guam.

consolidated Rs crore quarter index lower market Nifty50 reported Rs crore stock trading

 

JBF Industries hit fresh 52-week low, tanks 45% in 2 weeks [-0.06]

Posted on Aug. 9, 2017, 4:56 a.m. by Markets @ [source]

In turn this has led to a formation of a Joint Lending Forum (JLF) by the lenders as per applicable guidelines of the Reserve Bank of India (RBI), it added.on Tuesday said that rumors of any defaults on loan in the company’s international operations and any other rumors beyond what the company has already published in previous announcement are baseless. Till 30th June, 2017, there was no delay in payment of interest or principle against any banks in the UAE.Meanwhile, the company said it has rescheduled the board meeting to Friday, 11th August, 2017 at 3.00 pminstead of Thursday, 10th August, 2017 to consider unaudited financial statements for the quarter ended on 30th June, 2017.

August bank formation forum joint June led lending rumors turn

 

Some 36 lakh stock investors, including ace stock pickers like Rakesh Jhunjhunwala and several top mutual funds , got a raw deal in the Sebi crackdown on ‘shell’ companies, as their investments got stuck due to trading restrictions on some 331 stocks Some of these stocks on the list have more than doubled investor wealth on a year-to-date basis.For instance, shares of Prakash Industries have risen 188 per cent to Rs 139 as of August 7, 2017 from Rs 48.25 on January 2, 2017.Other stocks on the list such as Parsvnath Developers , Marg, J Kumar Infra, JMD Ventures and Inter Globe Finance have gained 74 per cent, 43 per cent, 34 per cent, 30 per cent and 18 per cent, respectively, so far this year. There are also penny stocks such as Cybermate Info, which has soared 103 per cent to Rs 3.20 from Rs 1.58.

cent companies investors market mutual Prakash Rs Sebi Shell stock

 

HOUSTON (Reuters) - Houston-area oil refineries were unaffected by heavy rains that caused flooding across wide areas of the city Monday night and Tuesday morning, the companies and industry sources said on Tuesday.

area caused heavy Houston oil rains refineries REUTERS Tuesday unaffected

 

By Yeganeh Torbati WASHINGTON (Reuters) - The No.

 

NEW DELHI: Shares of Sun Pharmaceutical Industries (Rs 123.83 crore) followed by Hindalco Industries (Rs 107.97 crore), Vedanta (Rs 106.72 crore), HPCL (Rs 100.36 crore), DLF (Rs 82.78 crore), Tata Steel (Rs 81.95 crore) and Indian Oil Corp (Rs 79.29 crore) were trading among the most active stocks in terms of value on NSE in Wednesday's early trade.Shares of Sun Pharmaceutical Industries cracked over 5 per cent to touch the fresh 52-week low of 475 today on weak Q1FY18 results of US based Taro Pharmaceutical Industries , in which Sun Pharma holds a majority stake.Domestic markets opened in red, tracking cues from Asian peers.

Delhi DLF Hindalco HPCL pharmaceutical Rs crore shares Sun Tata Vedanta