The blue-chip NSE Nifty 50 rose 0.16 per cent to 22,502 points and the S&P BSE Sensex added 0.12 per cent to end at 74,005.94 on Saturday
Posts in category Business Standard
Gold dips Rs 10, silver down by Rs 100; precious metal trading at Rs 74,610 (20-05-2024)
The price of 22-carat gold also dipped Rs 10, with the yellow metal selling at Rs 68,390
Poddar Pigments standalone net profit rises 17.45% in the March 2024 quarter (20-05-2024)
Sales rise 13.09% to Rs 97.91 crore
Choksi Imaging standalone net profit rises 675.00% in the March 2024 quarter (20-05-2024)
Sales decline 46.43% to Rs 0.15 crore
Rainbow Children’s Medicare consolidated net profit declines 4.91% in the March 2024 quarter (20-05-2024)
Sales rise 7.61% to Rs 341.10 crore
Sundaram Home Finance standalone net profit declines 12.99% in the March 2024 quarter (20-05-2024)
Sales rise 24.29% to Rs 385.27 crore
Madhucon Projects reports consolidated net profit of Rs 4.76 crore in the March 2024 quarter (20-05-2024)
Sales decline 5.49% to Rs 420.95 crore
Parag Milk Foods consolidated net profit declines 56.11% in the March 2024 quarter (20-05-2024)
Sales decline 1.35% to Rs 790.12 crore
Zinc demand in India likely to double in next 5-10 years: Industry body (19-05-2024)
The demand of zinc is expected to double in India in the next five to 10 years on the back of huge investments in infrastructure sector, including steel, International Zinc Association said on Sunday.
The demand for zinc in India depends largely on the growth of the steel market as zinc is mainly used to galvanise steel to protect it from corrosion.
“I see a doubling of the demand (for zinc) in the next five to 10 years. The market for primary and refined zinc in India is currently close to 800 to 1,000 tonnes (per annum) and has a great opportunity to increase with all the developments that we are witnessing in India.
We see huge investments in additional steel capacity and …steel still needs to be protected by galvanized coatings. We see a lot of plans and investments going on for new galvanizing lines. So I expect a strong role for zinc in India,” International Zinc Association Global Director Martin Van Leeuwen told PTI in an interaction.
The current demand for zinc in India
MFs invest Rs 1.3 trn in equities in 2024 on strong market performance (19-05-2024)
Mutual funds (MFs) showed strong confidence in Indian equities this year, injecting around Rs 1.3 lakh crore, driven mainly by significant retail investor interest and the robust performance of the stock market.
Mutual funds, which manage long-term wealth for domestic investors, prioritise the Indian market’s underlying growth potential and are less rattled by short-term events like elections, which allows them to keep investing in equities, Tradejini COO Trivesh D said.
Additionally, the growing interest in systematic investment plans (SIPs) on the back of astonishing compounding stories by influencers and industry veterans has perked investors, who otherwise wish to stay away from the markets, to start participating through these mutual funds, he added.
According to the data from the Securities and Exchange Board of India (Sebi), MFs invested Rs 26,038 crore in the first fortnight of the ongoing month and Rs 20,155 crore in April. Moreover, the highest MF buying for 2024 was …