Posts in category Business Standard
HDFC AMC Q4 PAT climbs 44% YoY; recommends dividend of Rs 70/sh (19-04-2024)
The asset management company's standalone net profit jumped 43.83% to Rs 541.09 crore on 33.4% rise in total income to Rs 850.89 crore in Q4 FY24 over Q4 FY23.
Indices break 4-day streak, Nifty ends near 22,150 (19-04-2024)
Domestic stock market staged a comeback on Friday, ending a four-day losing streak. The Nifty 50 clawed its way back from early lows to settle near 22,150. Banks and financial stocks were the bright spot, while media and healthcare took a hit. Worries lingered though, with simmering tensions in the Middle East and jittery global markets keeping investors cautious. Rising US bond yields continued to be a headwind, leading to more foreign investor selling in Indian shares.
BSE SME IPO of Faalcon Concepts subscribed 1.51 times (19-04-2024)
The offer received bids for 29.60 lakh shares as against 19.50 lakh shares on offer.
INR Pared Initial Loses To Settle Higher; Late-Day Buying In Equities Support (19-04-2024)
The Indian rupee managed to pare sharp losses made earlier in the day and settle 4 paise higher at 83.48 against the US dollar on Friday, tracking a strong rebound in domestic equities. The domestic currency fell in early trade on risk aversion in global markets amid geopolitical tensions in the Middle East. Markets opened deep in the red as U.S. rate worries and signs of escalating tensions in the Middle East, following Israel's retaliatory strikes against Iran, drove investors towards safe-haven assets. However, the rupee recovered thereafter as Indian shares rose sharply to snap a four-day losing streak on late-day buying spree. The benchmark S&P BSE Sensex ended the session up 599.34 points, or 0.83 percent, at 73,088.33 after having hit a low of 71,816.46 earlier. The broader NSE Nifty index hit an intraday low of 21,777.65 before reversing course to end up 151.15 points, or 0.69 percent, at 22,147. Meanwhile, the dollar index pulled back mildly below 106 mark, supporting ...
Nifty April futures trade at discount (19-04-2024)
NSE India VIX climbed 3.20% to 13.46.
Wipro Q4 PAT rises 5% QoQ to Rs 2,835 cr (19-04-2024)
The IT major's consolidated net profit grew 5.21% to Rs 2,834.6 crore in Q4 FY24 as against Rs 2,694.2 crore recorded in Q3 FY24.
Premier Explosives gains as board OKs 1:5 stock split (19-04-2024)
Premier Explosives advanced 2.91% to Rs 2,079.95 after its board approved the sub-division of 1 equity share having face value Rs 10 into 5 equity shares of face value Rs 2 each.
HCC raises Rs 350 cr via rights issue (19-04-2024)
Hindustan Construction Company's rights issue has been oversubscribed by 250%, with the company receiving applications worth Rs 877 crore pursuant to its rights issue as against an issue size of Rs 350 crore. The company has retained an amount of Rs 350 crore, corresponding to 100 per cent of the rights issue size, with the balance being refunded to investors. Equity Shares have been allotted to the applicants as per the basis of allotment finalized with the designated Stock Exchange i.e. BSE.
Singapore Market falls on renewed Middle East tensions (19-04-2024)
Risk appetite soured on Middle East tensions. The latest developments prompted concerns over a widening of the Israel-Hamas war in Gaza to include other countries in the Middle East. Irans state media said the country had activated its air defence system after reports of explosions near the Iranian city of Isfahan.
Dr. Reddy’s launches condition management programme DailyBloom IBS (19-04-2024)
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