Domestic benchmark indices opened in the green on Monday and continued to gain, led by financial and auto shares. The Sensex opened at 61,166 points and the Nifty opened at 18,120 points. FPIs pumped more than ₹ 10,000 crores in Indian equity so far this month. Strong buying in auto and financial shares pushed the [...]
Bank Nifty is an index that tracks the performance of the banking sector in India. The movement of Bank Nifty is influenced by various factors, including economic indicators, global events, and company-specific news. Despite the crisis in the banking sector and the increase in interest rates in US markets, the Indian banking sector has managed [...]
The Indian real estate sector received USD 26.6 billion as foreign institutional investment during 2017-22 period, a three-fold jump from the previous six years, driven by inflows from USA and Canada with a share of 70 per cent, according to Colliers India. Real estate consultant Colliers India on Friday released a report "High on Investors’ [...]
Mining giant Vedanta on Friday reported 57 per cent drop in March quarter net profit on weakness in aluminium business and write-offs. Consolidated net profit of Rs 3,132 crore in January-March is compared with Rs 7,261 crore net earning in the same period a year back, according to a stock exchange filing by the company. [...]
India's vegetable oil imports rose by 21 per cent to 81.10 lakh tonnes in the first six months of the current oil year, driven by increased shipments of refined palm oil which is a cause of concern, industry body SEA said on Friday. Vegetable oil imports stood at 67.07 lakh tonne in the same period [...]
Benchmark BSE Sensex recovered from early lows to close at a five-month high on Friday, riding on gains in banking and auto stocks ahead of the release of key inflation data. The 30-share index gained 123.38 points or 0.20 per cent to settle at 62,027.90, the highest closing level since December 12, 2022. The barometer [...]
Drug major Cipla on Friday said its consolidated net profit increased by 45 per cent to Rs 526 crore for the fourth quarter ended March 31, 2023, driven by robust sales across the domestic business and US market. The Mumbai-based company had reported a net profit of Rs 362 crore for the January-March quarter of 2021-22 [...]
Realty major DLF on Friday reported a 40 per cent increase in its consolidated net profit at Rs 569.60 crore in the quarter ended March 2023 on lower expenses. Its net profit stood at Rs 405.54 crore in the year-ago period. Total income fell to Rs 1,575.70 crore in the fourth quarter of this fiscal [...]
TP Saurya has signed a power purchase agreement with Tata Power Trading Company Ltd (TPTCL) to set up a 200 MW solar project at Bikaner in Rajasthan. TP Saurya Ltd (TPSL) is a subsidiary of Tata Power Renewable Energy Limited (TPREL), which is an arm of Tata Power. With the latest win, the total renewable [...]
Over the year Nifty 50 has given a 15% return, however, some stocks have underperformed the index which is trading lower than their expected prices and they are unable to outreach the index. Here are three stocks widely influenced by financial and economic downturns. Adani Ports and Special Economic Zone Ltd The shares of Adani [...]
