Bank Nifty has fallen sharply, by 3%, YTD and is struggling to regain momentum. Traders and investors alike were concerned about the Indian banking sector’s exposure to the Adani Group, heightened inflation, and a shift in FII’s behavior. Some experts believe that the index is stuck in a sideways consolidation, failing to surpass the Budget […]
By Rajesh Palviya On the weekly chart, Nifty 50 index formed a long bearish candle forming lower High-Low compared to previous week indicating weakness at current levels. The index is moving in a Lower Top and Lower Bottom formation on the weekly chart indicating negative bias. The chart pattern suggests that if Nifty crosses and […]
power generator ntpc delivered a strong performance in Q3FY23 with standalone /consolidated reported PAT at Rs 44.8 bn/ Rs 48.5 bn and adj. PAT at Rs 44.2 bn/ Rs 48 bn, respectively. Main factors impacting the performance were: strong core operational performance and addition of 3GW capacity over the past 12 months, reduction in fixed […]
The combined valuation of six of the 10 most valued firms eroded by Rs 49,231.44 crore last week, with FMCG major Hindustan Unilever taking the biggest hit. Last week, the 30-share BSE Sensex declined 159.18 points or 0.26 per cent. However, the combined market valuation gain of the four firms at Rs 35,840.35 crore was […]
By Siddhant Mishra India closed 2022 as the second best performing market, but 2023 will be dominated by global factors, according to brokerages. While the Nifty50 had delivered returns of 4% in rupee terms, in dollar terms it was -6%. Also read: HZL forays into fertiliser production, to set up 0.5 MT plant in Rajasthan […]
YouTube unveils new avenues for creators and artists in India, focusing on enhancing creative freedom and monetisation opportunities. The platform introduced BrandConnect and Podcasts for content creators. In an effort to democratise content creation, YouTube expanded the eligibility for the YouTube Partner Program (YPP), now including Shorts creators. Furthermore, ad revenue sharing for Shorts was […]
Energy segment of of Reliance Industries (RIL) performed well in Q4FY23, exceeding market expectations for Ebitda by about 5%. This was primarily due to the recovery of chemical margins, a decline in gas costs, and an increase in refining margins. The store expansion was key to growth in retail and Ebitda was in-line. Profit beat […]
By Nuvama research The company plans to expand market for UVs, tractors and LCVs auto major m&M’s Q3FY23 Ebitda Q3FY23 Ebitda of Rs 2,800 crore is in line with our estimate and consensus. The management is looking to ramp up UV production to 39k by FY23 and 49k by end-FY24, reflecting the strong confidence in […]
Global Surfaces shares listed at 17% premium over IPO price on NSE and BSE amid a negative domestic market. The share debuted at Rs 164 on the NSE, as compared to the issue price of Rs 140. The scrip touched a high of 23% at Rs 172.2. A positive listing was expected as ahead of […]
Tata Power has posted a 48.58% rise in consolidated net profit to Rs 939 crore for the fourth quarter ended March, beating Street estimates, led by growth across all its business verticals. In comparison, the company had posted a net profit of Rs 632 crore a year ago. During the quarter, the company’s revenues rose […]
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