Sales reported at Rs 0.19 crore
Posts in category Business Standard
Ammadoes Trading & Consultants Pvt reports standalone net loss of Rs 0.02 crore in the December 2023 quarter (19-02-2024)
Reported sales nil
Pipeline Infrastructure standalone net profit rises 307.26% in the December 2023 quarter (19-02-2024)
Sales rise 49.14% to Rs 1004.47 crore
V R Woodart reports standalone net loss of Rs 0.02 crore in the December 2023 quarter (19-02-2024)
Reported sales nil
Chitrakut Holdings standalone net profit rises 311.11% in the December 2023 quarter (19-02-2024)
Sales rise 366.67% to Rs 0.28 crore
Nifty, Bank Nifty can fall up to 7%, warn charts; Key hurdles to watch out (19-02-2024)
According to Ravi Nathani, an independent technical analyst, the trading strategy for Nifty and the Bank Nifty is ‘sell on rise’.
Global trends to guide mkts this week amid lack of local triggers: Analysts (18-02-2024)
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts.
Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment.
“With the earnings season behind us, global cues would largely dictate the trend in the coming week,” Ajit Mishra, SVP – Technical Research, Religare Broking Ltd, said.
Markets traded volatile in the continuation to the prevailing consolidation phase but managed to edge higher. The beginning was subdued, however, gradual recovery in the following sessions not only pared losses but also helped the index to close around the week’s high, Mishra said.
Due to robust macroeconomic data, domestic markets concluded the previous week on a positive note, with the frontline indices gaining more than a per cent. Sensex settled at 72,426.64 and Nifty at 22,040.70.
The markets also got sup
Cautious FPIs take out Rs 3,776 cr in Feb due to spike in US bond yields (18-02-2024)
Foreign investors adopted a cautious approach offloading Indian equities worth close to Rs 3,776 crore so far this month owing to a spike in the US bond yields and uncertainty over the interest rate environment in the domestic as well as the global front.
In contrast, they are bullish on the debt market and injected Rs 16,560 crore in during the period under review, data with the depositories showed. ‘
According to the data, Foreign Portfolio Investors (FPIs) pulled out a net sum of Rs 3,776 crore from the Indian equities this month (till February 16). This came following a net withdrawal of Rs 25,743 crore in January.
With this, the total outflow for this year has reached Rs 29,519 crore.
“The spike in US bond yields triggered by the higher-than-expected consumer price inflation led to sustained selling by FPIs,” V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Also, the latest selling could be attributed to the uncertainty surrounding the interest r
Realty sentiment index moves upward as financial institutes remain bullish (18-02-2024)
Real estate developers and financial institutions are bullish on their outlook for the property market for the next six months and expect the high demand to sustain its momentum, according to a Knight Frank and NAREDCO report.
Real estate consultant Knight Frank and realtors’ body Naredco on Sunday released their 39th edition of Real Estate Sentiment Index for Q4 2023 (October-December 2023).
As per the report, the current sentiment index score remained in the optimistic zone, rising to 69 from 59 in the third quarter of 2023 calendar year.
The sentiment index is based on the survey of supply-side stakeholders like developers, investors and financial institutions.
A score of above 50 indicates ‘optimism’ in sentiments, a score of 50 means the sentiment is ‘same’ or ‘neutral’. The score below 50 indicates ‘pessimism’.
The future sentiment score, which indicates stakeholders’ outlook, has also increased from 65 in Q3 2023 to 70 in Q4 2023, driven by general optimism about the Indian
Hybrid mutual funds scheme gain popularity, attract Rs 20,634 crore in Jan (18-02-2024)
Hybrid mutual fund schemes have been gaining popularity among investors, attracting Rs 20,634 crore in January, marking a 37 per cent surge from the previous month, largely due to their appeal as an alternative investment option post-change in taxation laws for debt funds.
With this, total inflow in the category reached Rs 1.21 lakh crore in the April-January period of the current financial year (FY24).
However, hybrid schemes saw outflow in the same period of the preceding financial year.
Hybrid funds are mutual fund schemes that typically invest in a combination of equity and debt securities and sometimes in other asset categories such as gold.
The category has been attracting regular inflows since April 2023, after a change in taxation for debt funds that kicked off in the same month. Before that, the segment saw a net withdrawal of Rs 12,372 crore in March last year.
According to the latest data with the Association of Mutual Funds in India (Amfi), hybrid schemes witnessed an