Posts in category All News
Shoppers Stop reports consolidated net loss of Rs 22.72 crore in the June 2024 quarter (19-07-2024)
Sales rise 7.62% to Rs 1069.31 crore
Rallis India standalone net profit declines 23.81% in the June 2024 quarter (19-07-2024)
Sales rise 0.13% to Rs 783.00 crore
Choice International consolidated net profit rises 36.88% in the June 2024 quarter (19-07-2024)
Sales rise 45.92% to Rs 200.64 crore
Dalmia Bharat consolidated net profit rises 8.46% in the June 2024 quarter (19-07-2024)
Sales decline 0.17% to Rs 3621.00 crore
Hot market prompts InCred to shut multi-cap AIF, return money (19-07-2024)
InCred Asset Management, led by Bhupinder Singh, is closing the multi-cap AIF India Value Growth Fund I, returning ₹80 crore. Managed by Aditya Sood, the fund delivered 165.0% returns since September 2019. Steep valuations, increased 15-25% cash holdings ahead of Union Budget, and new investor warnings drove the decision. Market risks come from US economic conditions.
Indices hit new highs, Sensex closes above 81K for first time (19-07-2024)
BSE Sensex hit 81,343.46, NSE Nifty 24,800.85, driven by large-cap IT stocks like Infosys, TCS, Wipro. Bank Nifty rose 0.4%, VIX gained 2.02%. Small and mid-caps saw profit-taking. Rajesh Palviya and Andrew Holland noted strong IT results. Infosys' Q1 results awaited. Union Budget on July 23 may further influence markets.
Stocks to watch, July 19: Infosys, RIL, Vi, LTTS, Tata Consumer, DRL, CEAT (19-07-2024)
At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.
Dollar set to eke out weekly gain as traders weigh US rates, yen wobbles (19-07-2024)
The dollar steadied amid yen interventions and Japan's core consumer price rise, influencing a potential BOJ rate hike. Rising U.S. jobless claims and speculated September Fed rate cuts, supported by the San Francisco Fed President, impacted the dollar index, which gained. The euro fell, while sterling, Australian, and New Zealand dollars eased.