NIFTY CLOSING BELL: 18th August 2014: Nifty closed positive at 7874.25(82.55 or 1.06%) supported by Bank Nifty and Global Market. Bank Nifty closed positive at 15439.75 (350.10 points or 2.30%). Nifty Gainers: BPCL, Cipla, ONGC, Axis Bank and Tata Motors. Nifty Losers: ITC, Infosys, HDFC, HCL Tech and TCS. Major economic Movement: Aditya Birla Group looks to exit Aroon Puries Living Media: The Aditya Birla Group is believed to have mandated Bank of America Merrill Lynch (BofA-ML) to find a buyer for its 27.5 per cent equity stake in Aroon Purie-controlled Living Media India. Living Media acts as a holding company and owns 57.2 per cent stake in TV Today Network. The listed company controls its broadcasting assets, including Aaj Tak and Headlines Today, and also operates its publishing business, which includes a host of magazines such as India Today. MCX market share increased 83% so far in August: Multi Commodity Exchange of India, an independent commodity exchange, in the first fortnight of August has seen its market share rise for the first time since the impact of NSEL scam and imposition of commodity transaction tax that caused volumes of the exchange to drop in the last one year. In the first fifteen days of August, MCX clocked a market share of 83.4% while its market stood at 86% during the July–September 2013 quarter. In the latter half of the previous fiscal, MCX saw its market share fall to 78.4%. However, MCX’s market share held steady at above 80% beginning April 2014. The exchange continues to dominate in non-agricultural commodities above 99% since Q2 2013-14.
Posted on: Mon, 18 Aug 2014 10:15:54 +0000
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