Domestic indices NSE Nifty and BSE Sensex regained from day’s lows, but still closed in the red. Nifty closed below the 18,000 mark after regaining 100 points from the day’s low. Sensex added over 300 points from its intraday low to settle at 60,353. Bank Nifty lost 350 points in today’s session. The broader markets […]
Hindustan Unilever on Thursday reported its fiscal fourth quarter net profit at Rs 2,561 crore, up 8.5% on-year, meeting analyst estimates. A CNBC TV18 poll of analysts had expected HUL Q4FY23 net profit at Rs 2,580 crore. The FMCG major posted a revenue of Rs 15,215 crore for the quarter, up 10.5 per cent on-year. […]
Domestic equity indices opened in the red on Friday amid weak global cues. The BSE Sensex fell 244 pts or 0.40% to 60,562.17 and NSE Nifty 50 slipped 75.70% or 0.42% to 17,817.75. The top gainers on Sensex were Larsen & Toubro (up 0.82%), Power Grid (up 0.52%), State Bank of India (SBIN) (up 0.0.48%), […]
Indian equities signed off with an over 1.5% surge in the final session of the week and financial year, thanks to strong year-end buying and gains in overseas indices. Friday, which also marked the start of a new F&O (Futures and Options) series, saw the Sensex surging 1,031.43 points or 1.78% to 58,991.52 — the […]
Asian shares inched higher, while the dollar started the week on the front foot after the U.S. jobs data underscored a tight labour market, firming up expectations that the Federal Reserve will again raise interest rates at its meeting next month. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.14% higher, while Japan’s Nikkei […]
The Securities and Exchange Board of India seeks to make sponsors of InvITs and REITs more accountable by proposing that at least one sponsor remain invested in them permanently. In a consultation paper on Thursday, the regulator said that while sponsors of REITs/InvITs are required to hold 15% of the capital for a period of […]
Oil prices slipped in Monday Asian morning trade as concerns about possible further U.S. interest rate hikes continue to rattle investors, though a recovery in Chinese demand and a weaker dollar provided some support. Brent crude futures fell 15 cents, or -0.18%, to $82.63 per barrel by 0132 GMT. West Texas Intermediate crude futures (WTI) […]
S&P Dow Jones has said it will remove Adani Group‘s flagship firm Adani Enterprises from sustainability indices with effect from February 7 following a media and stakeholder analysis triggered by allegations of accounting fraud. The move comes amid leading stock exchanges BSE and NSE putting three Adani Group companies — Adani Enterprises, Adani Ports and […]
Ashish Gupta, chief investment officer (CIO) at Axis AMC, believes profit-taking in the markets is not much of a concern because foreign investors remain under-invested. He tellsSiddhant Mishrathat the fund house has focused onoverhauling its salesand distribution structure, besides diversifying schemes. Edited excerpts: The recent state poll results have brought confidence of stability. Plus, even […]
– By Ramnath Iyer Environmental, Social, and Governance (ESG) data has emerged as a pivotal tool in evaluating companies’ sustainability performance, assessing their impact on the environment, societal relationships, and governance structures. This data guides stakeholders, including investors and organizations, in making ethically aligned decisions, fostering a more sustainable and responsible approach to business. Challenges […]