The Finance Minister’s latest Budget for FY 2023-24 has laid emphasis on government commitment to move towards net zero carbon emission by 2070
Posts in category Business Standard
Jindal Saw hits new high on strong Q4 results; zooms 91% thus far in 2023 (18-05-2023)
Jindal Saw’s board has also approved, in-principle, to dispose-off its subsidiary Green Ray Holdings Limited, UK along with its step down subsidiary, Derwent Sand SARL, Algeri
Jubilant FoodWorks dips 5% on disappointing March quarter results (18-05-2023)
The company’s sales growth during the quarter, led by footprint addition, but weak like-for-like (LFL), down 0.6 per cent, led to a decline in Ebitda and net profit.
Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV (18-05-2023)
Stocks to Watch on Thursday: JK Tyre’s net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year
Gold declines Rs 490 to Rs 61,420 per 10 gram; silver dips by Rs 500 (18-05-2023)
The price of ten grams of 22-carat gold fell Rs 450 to Rs 56,300
MARKET LIVE: Sensex off highs, up 150 pts; Pharma, Realty, Auto stocks dip (18-05-2023)
Stock Market Live on May 18, 2023: Axis Bank, ITC, HDFC twins, Bajaj Finance and Tata Steel extended gains and rose 1 per cent each on the BSE, leading Sensex gains
Nifty Pharma likely to remain bearish in near-term; can dip below 12,000 (18-05-2023)
Meanwhile, charts suggest that Nifty Realty and Media indices are experiencing a phase of consolidation says Ravi Nathani, an independent technical analyst.
Foreign portfolio investment in equities drop 11% to $542 bn in Jan-Mar qtr (17-05-2023)
The value of foreign portfolio investment (FPI) in Indian equities was at USD 542 billion in the March quarter of 2023, a decline of 11 per cent from the preceding year, largely due to the exodus of foreign money from the domestic market, according to a Morningstar report.
In comparison, the value of FPI in Indian equities was USD 612 billion in the January-March quarter of 2022.
On a quarter-on-quarter basis, the value of FPI in Indian equities fell by 7 per cent from USD 584 billion recorded in the three months ended December 2022.
This came following a surge in their investment value for three quarters in a row. The decline led to FPIs’ contribution to Indian equity market capitalization falling to 17.3 per cent during the year under review from 17.8 per cent for March 2022.
After withdrawing record funds in 202122, foreign portfolio investors continued their sell-off in the last fiscal too and pulled out Rs 37,631 crore from Indian equities amid aggressive rate hikes by central
Markets drop on US debt ceiling concerns, benchmark indices shed 6% each (17-05-2023)
Sensex and Nifty both lose over 1.2%, in two days despite positive flows from FPIs
Markets drop on US debt ceiling concerns, benchmark indices shed 6% each (17-05-2023)
Sensex and Nifty both lose over 1.2%, in two days despite positive flows from FPIs