Benchmark indices began the trade on a weak note on Monday in tandem with bearish trend in global markets amid concerns over more rate hikes by developed economies. Fresh foreign fund outflows and weak trend in IT counters also dented investor sentiments. The BSE Sensex declined 354.81 points to 59,109.12. The NSE Nifty slipped 107.4 [...]
The downward spiral continued amid a sharp bout of intra-day volatility as uncertainty surrounding the weak global economic scenario coupled with the probability of the US Fed maintaining a hawkish stance going ahead weighed on the sentiment. However, with the market in oversold territory, we could see a quick pullback rally if the index trades [...]
The Shares of Lloyds Metals And Energy Limited have delivered 9,500% in just seven years, as the share price has risen from Rs 2.91 in July 2015 to the current level of Rs 278 on the NSE. Lloyds Metals & Energy, incorporated in the year 1977, is in the business of manufacturing of Sponge Iron, [...]
Market barometers BSE Sensex and NSE Nifty 50 opened with minor gains on Monday. Financial and FMCG shares led the headline indices higher while metal and mining shares traded with losses. The Sensex started the week at 61112.84 points and closed at 59,463.93 points, while the Nifty started the week at 17965.55 points and settled [...]
Sector regulator Trai on Friday issued directions to telecom service providers to submit service quality reports for each state and Union Territory too. Trai said submission of state and Union Territory wise report for QoS (quality of service) parameters is essential for optimum analysis of service quality being provided by telcos. "This will also help [...]
Electrification and automation company ABB India on Friday announced to invest Rs 1,000 crore in the country in the next five years. The company, which inaugurated a new facility in Nashik on Friday, will be investing the money in adding capacity across the country, its country head and managing director Sanjeev Sharma said here. According [...]
Domestic benchmark indices opened in the green on Friday’s trading session. The BSE Sensex advanced 202.46 points or 0.34% to 59,808.26 and NSE Nifty 50 surged 57.25 points or 0.33% to 17,568.50. However, they slipped into the red by the afternoon. In the past five days, the indices have lost approximately 2.60%. Credit ratings help [...]
State-owned NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore to its shareholders for the financial year 2022-23. The dividend paid is 42.50 per cent of the paid-up equity share capital of the company, NTPC Ltd said in a statement on Friday. "NTPC Ltd has paid an interim dividend of Rs 4,121.08 crore [...]
The global economic outlook has improved in recent months, but uncertainties still remain, RBI Governor Shaktikanta Das said on Friday as he called upon G20 nations to resolutely address the challenges, including debt distress and threats to financial stability, confronting world economies. Addressing the inaugural session of the meeting of G20 finance ministers and central [...]
Adani Power on Friday said its subsidiary APML and Orient Cement have decided to terminate a pact signed between the two entities for utilisation of a parcel of land in Maharashtra. The pact, which was signed in September 2021, had a validity period of six months. In a regulatory filing, Adani Power said its wholly-owned [...]
