The benchmark indices have closed flat during FY23, but a total of 191 stocks from the broader market returned over 100% to investors. Of the lot, 45 were penny stocks (of value below Rs 10), while 14 were of firms that command a market capitalisation of over Rs 5,000 crore. The 14 stocks comprised one […]
Shoppers Stop’s beauty segment grew by 29 per cent for the fourth quarter of financial year 2022-23 with the company’s consolidated revenue at Rs 923.90 crore for the quarter. Shoppers Stop benefitted from a strong demand for beauty products and also higher margin private-label clothing. “The Beauty segment grew by 29 per cent. For the […]
By Jigar Trivedi Comex Gold steadied near $1,840 an ounce after retreating from multi-month highs in the previous session, as investors look ahead to a key US jobs report that could shed light on the Federal Reserve’s policy tightening path. The metal fell more than 1% on Thursday after data showed that US private employment […]
Foreign institutional investors (FII) sold shares worth a net Rs 932.44 crore while domestic institutional investors (DII) bought shares worth a net Rs 1264.74 crore on Friday, February 3, 2023, according to the data available on NSE. For the month till February 5, FIIs sold shares worth a net Rs 2,212.58 while DIIs bought shares […]
The success of Mankind Pharma’s Rs 4,326-crore IPO, the biggest this year and the third-largest since 2022, augurs well for the moribund public issue market, which has seen just six issues this year. Mankind Pharma IPO was massively oversubscribed, at 15.3 times, at close yesterday. The portion for qualified institutional buyers was subscribed 49.16 times, […]
Financial services platform KFin Technologies on Wednesday said it has fixed a price band of Rs 347-366 a share for its Rs 1,500-crore initial share sale, which will open for public subscription on December 19. The three-day initial public offering will conclude on December 21, and the bidding for anchor investors will take place on […]
SGX Nifty hints at a flat to negative start for Indian benchmark indices as Nifty futures trade 53 pts lower at 18254 on the Singapore Exchange. In the previous session, BSE Sensex gained 126 pts to close at 61,294, while NSE Nifty 50 settled above 18,230. “The Indian equity market has returned to green territory, […]
Saudi Arabia‘s announcement to reduce how much oil it sends to the global economy may arrest the fall in international oil prices, delaying revision in fuel prices in India, industry sources said. Saudi Arabia on Sunday announced cuts of 1 million barrels per day in oil output starting July, while the rest of the OPEC+ […]
The rupee gained 6 paise to settle at 82.69 (provisional) against the US dollar on Monday as robust buying in the domestic equities and a weak American currency against key crosses overseas boosted investor sentiments. However, fresh foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said. It finally ended at […]
Domestic indices opened on a higher note on Friday amid positive global market sentiments. The BSE Sensex surged 202.46 pts or 0.34% to 59,808.26 and NSE Nifty 50 advanced 57.25 pts or 0.33% to 17,568.50. The top gainers on Nifty 50 were Divis Lab (up 2.15%), Adani Ports (up 1.55%), Bajaj Finserv (up 1.08%), UPL […]
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