Neuland Laboratories Ltd, Bank of India, Tata Motors-DVR and Tata Motors Ltd are among the other losers in the BSE’s ‘A’ group today, 13 May 2024.
Posts in category Business Standard
Australia Shares closed mixed (13-05-2024)
ASX sectoral indices were mixed, with consumer discretionary & staples, and healthcare stocks doing the heavy lifting, while energy and technology stocks were major drag on market.
Lok Sabha elections phase 4: over 40% voter turnout recorded by 1 PM (13-05-2024)
This phase encompasses 96 Parliamentary Constituencies spread across nine States and one Union Territory. Key focus areas include 25 seats in Andhra Pradesh, 17 in Telangana, 13 in Uttar Pradesh, and 11 in Maharashtra. The voting commenced at 7 AM and is scheduled to continue until 6 PM.
Cera Sanitaryware rallies as Q4 PAT climbs 19% YoY; board OKs dividend of Rs 60/share (13-05-2024)
Cera Sanitaryware advanced 5.38% to Rs 7,110 after the company’s standalone net profit increased 19.21% to Rs 75.03 crore in Q4 FY24 as against Rs 62.94 crore posted in Q4 FY23.
Share of North East in MF assets more than doubles to Rs 40,324 cr in 4 yrs (13-05-2024)
The share of North East in overall mutual fund assets in the country more than doubled in the last 4 years to Rs 40,324 crore in March 2024, spurred by increased awareness and growing interest among retail investors to invest in equities, a report by ICRA Analytics said.
Also, this signals a growing appetite among investors from smaller towns and cities to invest in mutual funds.
The combined share of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura rose to 0.73 per cent of the total average asset under management (AAUM) of the mutual fund industry, which stood at Rs 55.01 lakh crore in March 2024. The share was around 0.67 per cent in March 2020, when the industry’s AAUM was at Rs 24.71 lakh crore. Data for Sikkim was not provided.
In March 2020, these states had an asset base of Rs 16,446 crore as compared to Rs 40,324 crore in March this year.
“Though the contribution of these states to the total AAUM of the industry is still small in percentage terms,
Savita Oil Technologies Ltd leads losers in ‘B’ group (13-05-2024)
Ramky Infrastructure Ltd, Parshva Enterprises Ltd, TruCap Finance Ltd and Birla Cable Ltd are among the other losers in the BSE’s ‘B’ group today, 13 May 2024.
Pound Speculators Slightly Reduce Net Short Position (13-05-2024)
Large currency speculators slightly reduced their net short positions in the Pound futures although they continued to stay net short, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Pound futures, traded by large speculators and hedge funds, totaled a net short position of -21813 contracts in the data reported through May 07 2024. This was a weekly fall of 7177 net contracts and they continued to stay at its lowest level since November last year.
Barometers trade with minor gains; pharma shares advance (13-05-2024)
At 14:29 IST, the barometer index, the S&P BSE Sensex, gained 86.59 points or 0.12% to 72,751.06 . The Nifty 50 index added 48.90 points or 0.22% to 22,104.10.
Volumes spurt at Syrma SGS Technology Ltd counter (13-05-2024)
Syrma SGS Technology Ltd registered volume of 36.5 lakh shares by 14:14 IST on NSE, a 10.8 fold spurt over two-week average daily volume of 3.38 lakh shares
Stock market will ‘shoot up’ on June 4 after PM Modi’s victory: Amit Shah (13-05-2024)
The Indian stock market will ‘shoot up’ after the Lok Sabha elections 2024 results are announced on June 4, said Union Home Minister Amit Shah and encouraged investors to buy before that