Market Live: Sensex opens up 116 pts, Nifty Metal shines. Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur and Kaya gained up to 7 percent.
Market Live: Sensex opens up 116 pts, Nifty Metal shines; Mishra Dhatu, Nalco rally.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur, and Kaya gained up to 7 percent.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur, and Kaya gained up to 7 percent.
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Fortis Healthcare informed exchanges that the company today has received a supplemental proposal from IHH.
On April 16 also, the board of Fortis received an unsolicited non-binding expression of interest from IHH Healthcare Berhad (IHH) for possible due diligence and participation with the company.
On April 16 also, the board of Fortis received an unsolicited non-binding expression of interest from IHH Healthcare Berhad (IHH) for possible due diligence and participation with the company.
The board of directors of Fortis is scheduled to meet on April 19, 2018, to consider all options.
Procter & Gamble Overseas India BV has submitted to exchanges an open offer for acquisition of up to 43,15,840 fully paid up equity shares of Merck from the public shareholders.
Acquisition: Parag Milk Foods expanded its footprint in North India with the Acquisition of the manufacturing facility of Danone Foods and Beverages India Private Limited, a French dairy based MNC.
"The company has acquired the Danone Foods and Beverages India Pvt Ltd’s manufacturing facility of Curd, Yogurt, and other related products at Rai, Sonipat, Haryana near Delhi. This acquisition would help expand the company’s footprints in North India and strengthen company’s fresh category distribution of Milk, Flavoured Milk, Buttermilk, Curd, Fresh Paneer and Yogurt in this region," the company said.
Crude Update: Oil prices remained close to highs touched the previous day that was last seen in late 2014, buoyed as US crude inventories declined and as top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.
Brent crude oil futures were at USD 73.92 per barrel, up 0.6 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were up 0.58 percent, at USD 68.87 a barrel.
Brent on Wednesday marked its highest level since November 2014 at USD 73.93 per barrel. WTI hit its strongest since December 2014 at USD 68.91 a barrel, reported CNBC.
Market Update: Equity benchmarks rebounded on Thursday after the correction in the previous session, following a positive lead from global stocks.
The 30-share BSE Sensex was up 111.58 points at 34,443.26 and the 50-share NSE Nifty rose 41.20 points to 10,567.40.
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Procter & Gamble Overseas India BV has submitted to exchanges an open offer for acquisition of up to 43,15,840 fully paid up equity shares of Merck from the public shareholders.
Acquisition: Parag Milk Foods expanded its footprint in North India with the Acquisition of the manufacturing facility of Danone Foods and Beverages India Private Limited, a French dairy based MNC.
"The company has acquired the Danone Foods and Beverages India Pvt Ltd’s manufacturing facility of Curd, Yogurt, and other related products at Rai, Sonipat, Haryana near Delhi. This acquisition would help expand the company’s footprints in North India and strengthen company’s fresh category distribution of Milk, Flavoured Milk, Buttermilk, Curd, Fresh Paneer and Yogurt in this region," the company said.
Crude Update: Oil prices remained close to highs touched the previous day that was last seen in late 2014, buoyed as US crude inventories declined and as top exporter Saudi Arabia is expected to keep withholding supply to prop up the market.
Brent crude oil futures were at USD 73.92 per barrel, up 0.6 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were up 0.58 percent, at USD 68.87 a barrel.
Brent on Wednesday marked its highest level since November 2014 at USD 73.93 per barrel. WTI hit its strongest since December 2014 at USD 68.91 a barrel, reported CNBC.
Market Update: Equity benchmarks rebounded on Thursday after the correction in the previous session, following a positive lead from global stocks.
The 30-share BSE Sensex was up 111.58 points at 34,443.26 and the 50-share NSE Nifty rose 41.20 points to 10,567.40.
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Nifty Metal was up 1.6 percent as Hindalco, Vedanta, Nalco, and Tata Steel rallied up to 5 percent on positive global metal prices.
Nifty Midcap was up 75 points.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur, and Kaya gained up to 7 percent.
Nifty Midcap was up 75 points.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur, and Kaya gained up to 7 percent.
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