Trading activity in the domestic equity markets this week will be largely driven by inflation data, trend in global markets and foreign fund movement, analysts said. Participants will also monitor developments related to the Adani Group crisis, which has been a major overhang recently, they added. "...the movement of crude oil, the dollar index, and [...]
India's merchandise exports of commodities such as cotton, manmade yarn and textile dyes may be impacted in the short run to earthquake-hit Turkiye, according to exporters. Two powerful earthquakes hours apart on Monday last week caused widespread damage to property and killed more than 28,000 people, leaving millions homeless in Turkiye. The earthquakes also caused [...]
Adani Ports & SEZ Ltd (APSEZ) remains committed to Rs 15,000 crore deep-sea port project in Tajpur, West Bengal and the company is waiting for completion of statutory formalities, such as the draft concession agreement from the state, a top official of Adani Group said. Once the formalities are complete, APSEZ will work towards developing [...]
State-owned Oil India Ltd (OIL) reported its highest ever quarterly net profit in the third quarter ended December 31 on the back of a rise in oil and natural gas prices. Net profit of Rs 1,746.10 crore, or Rs 16.10 per share, in October-December compared with Rs 1,244.90 crore, or Rs 11.48 a share, in [...]
Nayara Energy, India's second largest private oil refining and fuel marketing company, saw its net profit rise by a marginal 2 per cent in the third quarter ended December 31 as the company undertook a month-long maintenance shutdown and windfall tax impacted margins. Net profit of Rs 869.8 crore in October-December compared with Rs 850.3 [...]
The average monthly rentals for two-bedroom flats of 1,000 square feet area have risen by up to 23 per cent since 2019 across seven major cities, according to Anarock. The key residential rental hotspots saw up to 23 per cent growth in average monthly rentals between 2019 and 2022, the property consultant said in a [...]
Amazon and Flipkart Health plus are among the 20 online sellers that have been issued show-cause notices by the Drugs Controller General of India (DCGI) over the online sale of drugs in violation of norms. The show-cause notice dated February 8 by DCGI V G Somani cited a Delhi High Court order dated December 12, [...]
Three Adani Group companies have pledged additional shares for State Bank of India, days after a scathing report by a US short-seller led to over USD 100 billion loss in its market value, as per stock exchange filings. Adani Ports and Special Economic Zone (APSEZ), Adani Transmission Ltd and Adani Green Energy pledged shares to [...]
Equity market witnessed volatile trading in the morning session on Monday, with benchmark indices Sensex and Nifty shedding their marginal gains amid mixed cues from Asian markets. Starting off the week on shaky note, the 30-share BSE Sensex declined 196.61 points or 0.32 per cent to 60,486.09 points while the NSE Nifty fell 38.50 points [...]
Till the afternoon on Friday, the Indian benchmark indices were trading in the red. The Nifty50 was trading 0.21 percent lower at 17,856 levels while the Sensex was at 60,668 levels. Amid the volatility, here are 2 Tata group stocks that are recommended by analysts for an upside of up to 29%: Tata Power Company [...]
