Gold Silver Reports (GSR) – Crude Oil And Elections To Impact Markets Going Ahead: Nilesh Shah – Oil and elections will impact markets more than the U.S.-China tariff wars and other international developments, Nilesh Shah of Kotak AMC told BloombergQuint in an interview.
Key conversation highlights:
📍 Expect global factors to cast a shadow on Indian markets
Q3FY18 saw momentum building up in the economy which has continued in Q4FY18
📍 Expect some more power sector NPAs to surface in the coming quarters
📍 Believe NPA cycle will bottom out in a few quarters
Vedanta Slumps After Anti-Sterlite Protests turn Violent In Tamil Nadu
Shares of the Anil Aggarwal-led company fell as much as 5.5 percent, the most in a month, to Rs 255.10 after protest demanding closure of its Sterlite Copper unit in Thoothukudi, Tamil Nadu turned violent.
📍 At least 11 killed, over a dozen injured as anti-Sterlite protests turn violent
📍 CM Edappadi Palaniswamy announces ex-gratia for victims
📍 DMK Chief Stalin to not attend HD Kumaraswamy’s swearing-in
📍 DMK, Makkal NeedhI Maiam and actor Rajnikanth condemned the AIADMK government
Strides Shasun Surges After Block Deal
Shares of the Bengaluru-based drugmaker rose as much as 8 percent to Rs 422.40 after couple of block deals in yesterday’s session.
📍 BNP Paribas Arbitrage bought 4.85 lakh shares 0.5 percent equity at Rs 365.25 each
📍 Brookdale Mauritius International bought 10 lakh shares or 1.1 percent equity at Rs 375.27 each
