Posts in category Business Standard
Mkt experiences volatility, Nifty hits record high (02-02-2024)
The market's performance was influenced by several key factors, including the reduced fiscal deficit target of 5.1% for FY25 and the government's lower borrowing plan, which were presented on the budget day. These measures by the government highlighted confidence and control over the economy, thereby contributing to positive investor sentiment.
Tata Motors reports Q3 PAT zooms to Rs 7,145 cr (02-02-2024)
Tata Motors reported a consolidated net profit of Rs 7,145.43 crore in Q3 FY24, steeply higher from Rs 3,043.15 crore posted in Q3 FY23.
RateGain Travel hits record high as PAT jumps 3x YoY in Q3 (02-02-2024)
RateGain Travel Technologies rallied 5.82% to Rs 841.30 after the company reported a consolidated net profit of Rs 40.42 crore in Q3 FY24, steeply higher than Rs 13.23 crore posted in Q3 FY23.
Welcast Steels reports standalone net profit of Rs 1.23 crore in the December 2023 quarter (02-02-2024)
Sales rise 1.68% to Rs 20.01 crore
Devrup Trading reports standalone net profit of Rs 0.02 crore in the December 2023 quarter (02-02-2024)
Sales reported at Rs 0.01 crore
Shri Gang Industries & Allied Products standalone net profit rises 57.89% in the December 2023 quarter (02-02-2024)
Sales rise 63.81% to Rs 66.54 crore
Singapore Market ends 1.17% up (02-02-2024)
At closing bell, the Straits Times Index (STI) index was up 36.71 points, or 1.17%, to 3,179.77 after trading between 3,153.98 and 3,191.16. Volume of 1.45 billion shares worth S$1.24 billion changed hands. Across the broader market, advancers outpaced decliners 325 to 257.
INR Extends Gains Amid Budget Optimism; Firm Trend In Equities (02-02-2024)
The Indian rupee extended to the weekend and appreciated 7 paise to close at 82.91 (provisional) against the US dollar, supported by a firm trend in domestic equities and a weak greenback against major currencies overseas amid rising appetite for riskier assets. . The 10-year benchmark bond yields are trading below 4% while dollar index has also given up recent highs and are currently quoting at 102.82. The interim Budget 2024-25, especially the focus on fiscal prudence, left a positive impact on the domestic currency. At the interbank foreign exchange market, the local unit opened at 82.91 against the greenback. The unit hit an intraday high of 82.82 and a low of 82.93. The benchmark S&P BSE Sensex rose 40.33 points, or 0.61 percent, to 72,085.63 while the broader NSE Nifty index settled 156.35 points, or 0.72 percent, higher at 21,853.80.
Divgi Torqtransfer Systems standalone net profit declines 22.24% in the December 2023 quarter (02-02-2024)
Sales decline 1.47% to Rs 63.05 crore
Tata Motors consolidated net profit rises 137.52% in the December 2023 quarter (02-02-2024)
Sales rise 25.08% to Rs 109799.22 crore