At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 567.86 points or 0.72% to 79,327.26. The Nifty 50 index added 171.95 points or 0.71% to 24,233.10.
Posts in category Business Standard
Federal Bank receives ratings action from CARE (06-08-2024)
Issuer rating – CARE AA+; Stable (assigned)
Tier II Bonds (Rs 500 crore) – CARE AA+; Stable (reaffirmed)
Tier II Bonds (Rs 500 crore) – CARE AA+; Stable (reaffirmed)
Tier II Bonds (Rs 1,000 crore) – CARE AA+; Stable (reaffirmed)
Motherson Sumi Wiring deserves rich valuations, say analysts post Q1 show (06-08-2024)
Analysts believe that Motherson Wiring’s Q1 show was muted due to start-up costs of two new plants, resulting in lower-than-estimated growth in profits and operating margins
US equities deepen sell-off (06-08-2024)
Negative sentiments gripped stock markets as US equities extended sharp sell off with major averages all significantly lower. The Nasdaq and the S&P 500 hit three-month lows. The Nasdaq plunged 576.08 points or 3.4 percent to 16,200.08, the S&P 500 dove 160.23 points or 3.0 percent to 5,186.33 and the Dow tumbled 1,033.99 or 2.6 percent to 38,703.27. The continued weakness on Wall Street came on the heels of an overseas sell-off, which saw Japan’s Nikkei 225 Index record its biggest slump since “Black Monday” in October 1987.
Marico stock dips 4% on profit booking post Q1 results; Bangladesh unrest (06-08-2024)
Despite of today’s decline, in the past six months, Marico has outperformed the market by surging 25%, againsts 10% rise in BSE Sensex and 14% rally in BSE FMCG index.
Ola IPO waits to cross the line ; FirstCry’s anchor book sets off (06-08-2024)
75% of Ola’s maiden issue is reserved for qualified institutional buyer
AXISCADES Tech gains after PAT rises nearly 3x in Q1; revenue at $26.9 milion (06-08-2024)
AXISCADES Technologies jumped 4.23% to Rs 527 after the company reported a net profit of Rs 17 crore in Q1 FY25, which is nearly three times as compared with the PAT of Rs 6 crore recorded in Q1 FY24.
What will retail investors, HNIs do after the August 5 stock market crash? (06-08-2024)
The spate of recent negative news such as fears of a US slowdown, Israel-Iran tensions, sharp appreciation in the yen, may or may not be enough to dent the confidence of non-institutional investors
BLS International jumps 9% on stellar June qtr show; Q1 profit rises 70% (06-08-2024)
The uptick in the stock price came after a strong show in the June quarter of financial year 2025 (Q1FY25).
Cupid hits the roof as Q1 PAT soars to Rs 8 cr (06-08-2024)
Cupid hit an upper circuit of 5% at Rs 91.42 after the company reported a net profit of Rs 8.26 crore in Q1 FY25, steeply higher than Rs 2.16 crore posted in Q1 FY24.