Capital good stocks have outperformed broader markets by the wide margin during the past year. In fact, just four of the 24 stocks in the BSE Capital Goods bucket have returned losses. During this period, the benchmark Sensex has returned 6.28%, while the Capital Goods index has returned 31.24%. The government’s push towards infra spend, […]
Benchmark indices NSE Nifty and BSE Sensex ended Friday’s session in the green territory. The NSE Nifty 50 surged 149.95 points or 0.84% to 18,065 and BSE Sensex skyrocketed 463.06 points or 0.76% to 61,112.44. In sectoral indices, Bank Nifty jumped 233.05 points or 0.54% to 43,233.9 and Nifty IT advanced 352.95 points or 1.29% […]
KMB reported strong earnings growth, with a 26% y-o-y increase in standalone PAT to Rs35 bn, driven by lower operating expenses and controlled provisions, as PPoP was up 39% y-o-y. Consolidated PAT grew 17% y-o-y to Rs 45.7 bn during the quarter. Loan growth moderated sequentially to around 3%, while the margin expanded further by […]
The landmark Telecommunications Bill, which was passed by Parliament recently, has received the President’s assent.’The Telecommunications Act, 2023′ is set to overhaul the country’s century-old telecom law to make the sector investor-friendly; it prioritises user protection but also extends powers to the government to intercept communications. While it excludes from its ambit broadcasting, and over-the-top […]
By Siddhant Mishra The Securities and Exchange Board of India (Sebi) on Friday said asset management companies can now provide management and advisory services to all foreign portfolio investors (FPIs) operating out of the International Financial Services Centres (IFSCs) and regulated by the International Financial Services Centres Authority. As regards investment in equity and equity […]
A cautionary note has been issued as we brace ourselves for an approaching solar storm set to hit us on December 27. This alert follows a celestial event on December 24 when a coronal mass ejection (CME) took place due to the eruption of a magnetic filament on the side of the Sun facing our […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading flat on Wednesday despite positive global cues, while the silver rate is down 0.2%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,916 per 10 grams, up Rs 6 or 0.01%. Silver March futures were trading lower by Rs […]
The last few days are left to file your Income Tax Return (ITR) for income earned during the previous year 2022-23 (between 01-04-2022 and 31-03-2023). Taxpayers are advised to carefully file forms 1 and 4 keeping in view the changes introduced for the year. As per the Central Board of Direct Taxes, taxpayers are required […]
By Shivangi Sarda Nifty 50 index opened flattish on Wednesday and cascaded down to 17884 levels. It slipped throughout the day with slight recovery in the last hour and finally, closed with losses of around 170 points. It formed a Bearish candle on the daily scale and negated its higher highs formation of the last […]
Oil prices rose in early Asian trade on Thursday after the U.S. Federal Reserve raised interest rates by 25 basis points, sending the dollar lower. Brent crude futures rose 56 cents, or 0.7%, at $83.40 a barrel while West Texas Intermediate (WTI) U.S. crude futures rose 65 cents, or 0.8%, to $77.05 a barrel. The […]
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