Gold gains on dollar dip; Fed policy cues in focus
Gold prices rose on Tuesday, supported by a softer dollar, while market participants awaited more clarity on the U.S. Federal Reserve’s rate-hike stance.
Spot gold was up 0.7% at $1,753.34 per ounce, as of 0651 GMT. U.S. gold futures rose 0.7% to $1,752.60.
Nifty Bank index rose 0.4 percent led by the Bandhan Bank, ICICI Bank, Bank of Baroda
Britannia Industries has entered into a Joint Venture Agreement with Bel SA, France and Britannia Dairy Private Limited on 29th November 2022 to undertake the development, manufacturing, marketing, distribution, trading and selling, etc., of cheese products in India and certain other countries.As a part of the JVA, Britannia shall sell and transfer 49% of its equity stake in its wholly owned subsidiary, BDPL, to Bel
Nifty PSU Bank index gained 0.6 percent supported by the Bank of India, Union Bank of India, Bank of Baroda
Prism Johnson Large Trade | 70.09 lakh shares (1.40% equity) worth Rs 84.20 crore change hands at an average of Rs 120.25 per share.
Zydus Lifesciences enters into a business transfer agreement for purchase of Watson Pharma for Rs 46.8 crore
Zydus Lifesciences has entered into a Business Transfer Agreement for purchase of one of the Business Undertakings of Watson Pharma Private Limited on a going concern basis by way of slump sale, without values being assigned to individual assets and liabilities, on cash-free and debt-free basis at a lump-sum consideration of Rs 46.77 crore, subject to certain closing date adjustments as provided in the BTA entered into between the Company and Watson, with effect from such date, and in such manner and on the terms and conditions as mentioned in the BTA.
Zydus Lifesciences was quoting at Rs 406.05, up Rs 6.95, or 1.74 percent on the BSE.
Market at 1 PMBenchmark indices were trading near the day’s high with Nifty above 18600.The Sensex was up 323.59 points or 0.52% at 62828.39, and the Nifty was up 96.70 points or 0.52% at 18659.50. About 1689 shares have advanced, 1477 shares declined, and 140 shares are unchanged.
Pioneer Distilleries appoints Ashok Arora as new CFO:
The Board of Directors of Pioneer Distilleries accepted the resignation of Mr. Gopal Kothari, CFO with effect from 30th November 2022 and appointed Mr. Ashok Arora as CFO with effect from 1st December 2022.
Pioneer Distilleries touched 52-week high of Rs 198.15 and quoting at Rs 190.90, up Rs 0.75, or 0.39 percent.
Gainers and losers on the BSE Sensex:
BSE Information Technology index gained 0.5 percent led by the Onward Technologies, Cerebra Integrated Technologies, Sasken Technologies
AstraZeneca Plc to acquire Neogene Therapeutics for up to USD 320 million: Reuters
AstraZeneca Pharma was quoting at Rs 3,363.05, up Rs 6.60, or 0.20 percent.
Rashtriya Chemicals and Fertilisers approves interim dividend of Rs 1.60 per share
The Board of Directors of Rashtriya Chemicals and Fertilisers has approved payment of interim dividend for the financial year 2022-23 at 16% (i.e. Rs 1.60 per equity share) on the paid up equity share capital of the company.
Rashtriya Chemicals and Fertilisers was quoting at Rs 122.65, down Rs 0.70, or 0.57 percent.