Indian benchmark indices are likely to open on a mildly positive note, hinted SGX Nifty despite weak global cues. On the Singapore Exchange, Nifty futures were in the green at the 17,589 level. In the previous session, Sensex tumbled 1.53% to 59,745 and Nifty extended losses for a third session, closing with sharp cuts at […]
Digital payments app for merchants BharatPe on Tuesday announced its financial performance for the fiscal year 2023. The company reported an 182 per cent increase in its revenue from operations to Rs 904 crore from Rs 321 crore in FY22 while loss before tax dropped to Rs 886 crore from Rs 5,594 crore in the […]
By Rohan Patil We have again witnessed a sharp trend reversal rally in the benchmark index from 16410.20 levels to 17944 levels with a return of 9 percent in just eleven trading days. Previously on a couple of occasions, we have seen the same sharp ‘V’ shape reversal rally in the index and post that […]
Maruti suzuki’s financial performance for the fourth quarter of the fiscal year 2022-23. Average selling price (ASP) remained flat at approximately Rs 599k, which was slightly lower than the estimated Rs 605k. The company’s Ebitda missed estimates by 4%, due to higher raw material costs/sales at 76.2% (+40bp q-q) from sourcing from the Gujarat plant […]
Domestic equity market benchmark indices are ending the calendar year 2021, down 8% from their all-time highs. While Dalal Street has seen a double-digit correction recently, the benchmark Nifty 50 is trading at close to 21x Fwd. PE, which is still expensive said Amit Premchandani, Senior Vice President & Fund Manager – Equity, UTI Mutual […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Sunday, 5 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to three stocks/securities on Monday, January 23, 2023. PVR, Delta Corp and L&T Finance Holdings are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday. According to the NSE, the stocks mentioned […]
The Centre is contemplating the expansion of the Patna Metro Rail network up to the revered Sikh shrine Sri Takht Harmandir Patna Sahib Gurudwara, announced Union Minister Hardeep Singh Puri on Tuesday (December 26). This development comes in response to a request made during a function at the Gurudwara, attended by several BJP leaders, including […]
King Charles III will give his second Christmas message from Buckingham Palace in front of a live tree decorated with sustainable ornaments. The message to be broadcast at 3 p.m. on Monday will be the king’s second holiday address since he ascended the throne but the first since his coronation in May. The natural decorations […]
The Union Budget 2023 is all set to be presented next week, and in the run-up to the event on 1 February, Indian share markets have become very volatile. NSE Nifty 50 tanked 1% on Wednesday to fall below 17900 intraday. Due to the Republic Day holiday on Thursday 26 January, this month’s and week’s […]
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