Posts in category Economic Times
Silver prices jump by Rs 6,600 per kg in May so far to near all-time high (16-05-2024)
Silver prices surged 8% to Rs 87,476/kg in May, nearing its peak. ANZ analysts forecast it to exceed $31 by 2024, driven by strong fundamentals, rising gold prices, and unique industrial properties. The market is influenced by speculators, record-high gold prices, geopolitical tensions, and factors like momentum-driven buying and interest rate cuts, amid the metal's high volatility.
Rupee ends flat; oil cos, foreign banks’ dollar demand offsets rise in Asia FX (16-05-2024)
The Indian rupee closed flat on Thursday as dollar demand from local oil companies and likely equity-related outflows weighed on the local unit even as most other Asian currencies rallied.
Motherson Sumi Wiring India Q4 Results: Firm posts rise in profit on steady demand (16-05-2024)
Motherson Sumi Wiring India on Thursday reported a 38% rise in fourth-quarter profit, aided by strong demand for automobiles.
Stock market update: Fertilisers stocks up as market rises (16-05-2024)
The 30-share BSE Sensex closed up 676.69 points at 73663.72
IT & banking titans fuel 677-point Sensex rally in last leg of volatile session (16-05-2024)
The benchmark equity indices tossed between ups and downs throughout the day and finally settled in the green. US rate -sensitive IT stocks contributed majorly to the fag-end rally as all 10 constituents advanced, adding between 1% and 4.2%. Investors gained Rs 3.1 lakh crore on Thursday.
Share market update: Most active stocks of the day in terms of traded value (16-05-2024)
The NSE Nifty index closed 203.3 points up at 22403.85
GAIL Q4 Results: Profit grows over 3x to Rs 2,177 crore; revenue drops 2% (16-05-2024)
On a sequential basis, profit after tax was down 23% QoQ from Rs 2,843 crore reported in the preceding December quarter. Meanwhile, revenues also dropped 6% compared with the third quarter period.
GP Eco Solutions eyes Rs 35 crore via IPO (16-05-2024)
GP Eco Solutions India Limited (GPES) is planning to raise as much as Rs 35 crore through an Initial Public Offering (IPO) which is expected to hit the markers by month-end, its CEO Deepak Pandey said on Thursday.
Sebi open to oversight of crypto trade, in contrast to Reserve Bank: Report (16-05-2024)
Both sets of documents, which have been seen by Reuters, have been submitted to a government panel which is tasked with formulating policy for the finance ministry to consider. SEBI's stance has not previously been reported.
HAL Q4 Results: Cons PAT leaps 52% YoY to Rs 4,309 crore, revenue up 18% (16-05-2024)
HAL Q4 Results: The defence PSU had reported a profit of Rs 2,831 crore in the corresponding quarter of the last financial year. The net profit was up by a whooping 241% on a QoQ basis, Rs 1,262 crore being the PAT figure in Q3FY24. Moreover, the company has succeeded in clipping its expenses on a YoY basis.