Posts in category Business Standard
Music Broadcast reports standalone net profit of Rs 2.97 crore in the March 2024 quarter (23-05-2024)
Sales rise 21.82% to Rs 62.63 crore
Shyam Century Ferrous reports standalone net loss of Rs 1.71 crore in the March 2024 quarter (23-05-2024)
Sales decline 38.53% to Rs 40.77 crore
Uravi T and Wedge Lamps reports standalone net profit of Rs 0.55 crore in the March 2024 quarter (23-05-2024)
Sales rise 50.54% to Rs 11.08 crore
Kesar Enterprises standalone net profit rises 763.93% in the March 2024 quarter (23-05-2024)
Sales decline 8.73% to Rs 179.17 crore
Bharat Bhushan Finance & Commodity Brokers standalone net profit rises 150.00% in the March 2024 quarter (23-05-2024)
Sales rise 16.67% to Rs 0.21 crore
Jubilant FoodWorks, Nykaa, Oil India among seven stocks to track on May 23 (23-05-2024)
At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures
Stock market guide for May 23: Nifty F&O expiry, Nvidia, ITC, IndiGo Q4 (23-05-2024)
All you need to know before the market opens on Thursday: Gift Nifty hints tepid start; IT stocks likely to be in focus post Nvidia earnings; ITC, IndiGo also to report March quarter results today.
Is it time to sell auto stocks and buy IT counters? What charts say (23-05-2024)
The Nifty IT Index is currently priced at 33,613.05, indicating a bullish trend in the near term. Given this upward momentum, the best trading strategy for traders would be to buy the index either at
Warburg Pincus exits Apollo Tyres; pares entire stake for Rs 1,073 crore (22-05-2024)
Private equity major Warburg Pincus on Wednesday exited Apollo Tyres by selling its entire 3.54 per cent stake in the tyre manufacturing company for Rs 1,073 crore through open market transactions.
US-based Warburg Pincus through its arm White Iris Investment Ltd offloaded the shares of Gurugram-based Apollo Tyres through 14 block deals on the BSE.
As per the data on the BSE, White Iris Investment Ltd sold a total of 2,24,74,903 shares of Apollo Tyres.
The shares were offloaded at an average price of Rs 477.35 per piece, taking the transaction value to Rs 1,072.84 crore.
A clutch of domestic mutual funds (MFs), an insurance company and foreign investors were among the buyers of the shares.
The entities are Edelweiss Mutual Fund (MF), Mirae Asset MF, ICICI Prudential MF, Sundaram MF, ICICI Prudential Life Insurance Company, Societe Generale, Ghisallo Master Fund LP, Goldman Sachs Investments (Mauritius) I, Morgan Stanley Asia Singapore, and Citigroup Global Markets Mauritius.
As o
Sensex rises 267 pts, Nifty gains for 5th day on buying in RIL, Infosys (22-05-2024)
Benchmark Sensex advanced 267 points while Nifty closed higher for the fifth day in a row on Wednesday amid buying in bluechips Reliance Industries and Infosys amid mixed cues from global markets.
The 30-share BSE Sensex climbed 267.75 points or 0.36 per cent to settle at 74,221.06. During the day, it jumped 354.48 points or 0.47 per cent to 74,307.79.
Extending gains to the fifth day in a row, the NSE Nifty rose by 68.75 points or 0.31 per cent to finish at 22,597.80. FMCG and realty shares supported the uptrend while banking and metal shares declined.
"Despite mixed global market sentiments ahead of the US Fed minutes, Indian markets exhibited a subtle positive trend. Investors are optimistic about stable Q4 earnings and easing election jitters that had previously increased volatility.
"Interest in the FMCG sector has risen due to the potential for an early onset of monsoon. Nevertheless, markets may underperform in the short term as they wait for the election outcome, with FIIs