After a nine-day winning streak, Nifty and Sensex’s rally might be cut short on Monday, as the SGX Nifty is trading in the red in the morning session. Nifty futures on the Singaporean exchange are at the 17,783.5 level, down by 87.5 points, indicating a negative start for the domestic equity indices, BSE Sensex and […]
Indian equity indices opened in the green territory on Monday after falling nearly 1% on Friday. The 30-share benchmark BSE Sensex was trading 89.67 points or 0.15% higher at 61,427.48. The NSE Nifty 50 was up 3.95 points or 0.02% at 18,272.95. The top gainers on the Sensex were Power Grid, ITC, Nestle, Bajaj Finserv […]
Aditya Birla group firm UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated net profit to Rs 1,670.10 crore for the fourth quarter ended March 2023, mainly due to an increase in input cost. The company had posted a net profit of Rs 2,613.75 crore in the January-March period a year […]
Brokers will now be penalised because of failure to comply with the ‘short allocation’ norms, according to a notice from the exchanges that took effect from Tuesday. Experts say the imposition of penalty is meant to enhance transparency by ensuring compliance with Sebi’s diktat that came into effect on August 1, 2022. The regulation requires […]
Drone maker ideaForge Technology filed papers with capital markets regulator Sebi to raise capital via an initial public offering. The drone designer and manufacturer boasted of approximately 50% market share in Indian unmanned aircraft systems. The IPO comprises fresh issues of shares worth Rs 300 crore as well as an offer-for-sale (OFS), with the promoters […]
Banks and financial services firms remain favourite bets of foreign investors in the Nifty50 universe, according to data on foreign ownership as of the last quarter of the previous fiscal. Of the top-10 entities in the Nifty pack with the highest shareholding by foreign institutional investors (FIIs), five are from the financials space. Interestingly, the […]
Gold prices corrected sharply on Friday as result of the positive U.S. employment report. The strong jobs data stoked fears of continued rate hikes from the US Federal Reserve. However, despite the global fall, April gold futures on the MCX gained in morning trade, adding Rs 400 or 0.7% to trade at Rs 56,980. Concerns […]
ICICI Bank on Monday said that it will consider raising funds by issuance of debt securities at its board meeting scheduled on April 22. “The Board of the Bank at its meeting scheduled on April 22, 2023, will consider fundraising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple […]
Benchmark indices are likely to open on a negative note, hinted SGX Nifty on Tuesday as Nifty futures traded lower at 18167 on the Singapore Exchange. In the previous session, BSE Sensex rallied 327 pts to 61,168, while NSE Nifty 50 jumped 92 pts to 18,197 “Metals are likely to continue its northward movement as […]
In yet another incident, school children in Karnataka’s Shivamogga were allegedly made to clean toilets. A video of the students went viral on social media, prompting the District Block Education Officer to file a report. The students studying at Guddada Neralakere village in the limits of Komaranahalli gram panchayat were allegedly seen cleaning toilets. This […]
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