By Siddhant Mishra Shares of Paytm slumped close to 9% in intra-day trade on Thursday, after Alibaba group affiliate Ant Financial sold a 3.1% stake in the parent company One97 Communications. Also read: Infosys, HUL, HCL Technologies, SBI, Wipro, Hindalco, IIFL Wealth Management, RVNL stocks in focus In another deal on Thursday, 0.5% of Nykaa’s […]
HCLTech’s Q3 results were ahead of estimates led by higher-than-expected revenue growth in software business. Services segment witnessed growth moderation due to impact of furloughs. Deal bookings remained steady, however net hiring moderated and implied guidance for Q4 is soft. While we raise our estimates by 2-3% to factor the beat, we see limited upside […]
By Siddhant Mishra The Securities and Exchange Board of India (Sebi), in a circular issued on Monday, clarified that all payment mechanisms provided by banks and payment aggregators authorised by the Reserve Bank of India (RBI) to be used for settlement of trades executed on the Request for Quote or RFQ platform. At present, exchanges […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Equity indices concluded Thursday’s muted session in negative territory amid weak sentiment in global markets. The NSE Nifty 50 closed above 18,100 while BSE Sensex settled below 60,900. The 30-share BSE benchmark after moving in the range of 60,716.55 – 61,032.47 ended 187.31 pts or […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Thursday, 16 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 December quarter earnings season will likely be a quiet one with India Inc reporting a modest growth. In fact, excluding banks and energy, profits will likely contract for the BSE 30 pack. Aggregate earnings will also be pulled down by the weaker year-on-year revenues and profits of metals producers. Banks will continue their strong […]
Oil producers cartel OPEC‘s share in India’s oil imports fell to an all-time low of 46 per cent in April as purchases of cheaper Russian oil peaked, industry data showed. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the Middle East and Africa, had a 72 per cent share of all crude oil […]
Indian benchmark indices are likely to open in the green today as hinted by the SGX Nifty which is 0.3% higher at 18,340. Nifty Futures gained 60 points on the Singaporean exchange. In the previous session, NSE Nifty recovered 200 points from its intraday low and closed at 18,191, while BSE Sensex gained 0.3% to […]
Foreign institutional investors (FII) sold shares worth a net Rs 1662.63 crore while domestic institutional investors (DII) bought shares worth a net Rs 2127.65 crore on Thursday, January 12, 2023, according to the data available on NSE. For the month till January 12, FII sold shares worth a net Rs 14,996.69 crore while DII bought […]
Jefferies hosted the the chairman, deputy managing director (finance), and chief financial officer of SBI for a non-deal roadshow (NDR) in the US and UK. During the NDR, two topical issues were discussed: the risk from SBI’s exposure to the Adani Group, and the bank’s plans for a capital raise. The management of SBI clarified […]