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Showing posts with label Commodity Calls.. Show all posts

Tuesday 21 August 2018

Jet Airways shares fall 4% on reports of preliminary govt probe - 21 Aug 2018


CapitalStars


Jet Airways is facing financial stress and on August 9 the company held off from announcing the unaudited financial results for the June quarter. Both BSE and NSE have sought an explanation from the company on this.

Shares of Jet Airways today fell nearly 4% in morning trade on bourses after reports surfaced that the Ministry of Corporate Affairs has opened a preliminary inquiry into the carrier.

As per the media reports, the Mumbai Registrar of Companies (RoC) will inspect Jet’s books of accounts.

In a regulatory filing, however, the company on Tuesday said it “has not received any communication from the Ministry of Corporate Affairs in this regard”.

The shares of the company opened on a weak note at Rs 297.80, then fell to a low of Rs 289.95, down 3.73% over its previous closing price.

Similar movement was seen on NSE as well, where the stock opened at Rs 297.40, then fell to a low of Rs 289.65, down 3.89% over its last close.

Jet Airways is facing financial stress and on August 9 the company held off from announcing the unaudited financial results for the June quarter. Both BSE and NSE have sought an explanation from the company on this.

Meanwhile, a meeting of the board of directors is scheduled to be held on August 27 to consider and approve the unaudited financial results for the first quarter ended June 30.

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Monday 20 August 2018

Gold prices to trade lower today: Angel Commodities @CapitalStars - 20 Aug 2018


capitalstars

According to Sources, on Thursday, spot gold prices declined 0.06 percent to close at $1173.6 per ounce as prices clawed back from a 19 - month low on short - covering and as the U.S.

Sources report on Gold

On Thursday, spot gold prices declined 0.06 per cent to close at $1173.6 per ounce as prices clawed back from a 19 - month low on short - covering and as the U.S. dollar softened following news that Beijing will hold trade talks with Washington late this month. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet with U.S. representatives led by Under Secretary of Treasury for International Affairs David Malpass, the Ministry of Commerce said, offering a glimmer of hope for progress in resolving a conflict that has set world markets on edge. On the MCXC, gold prices declined 1.36 per cent to close at Rs.29330 per 10 gms.

Outlook

We expect gold prices to trade lower today continuing its weakness from the previous trading session while there are chances tensions smoothening between US and China it remains to be seen how the meeting between China and the US delegated on trade talks proceed. On the MCX, gold prices are expected to trade lower today, international markets are trading higher by 0.12 per cent at $1185 per ounce


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