By Shrikant Chouhan Profit booking continued in the Indian benchmark indices, the NSE Nifty 50 ended 147 points lower while the BSE Sensex was down by 497 points. Among sectors, except Media all the major sectoral indices registered profit booking at higher levels. Amid sectoral indices, IT index lost the most, shed over 2.8 per […]
We are downgrading Bharat Forge to Sell (from Reduce), as we expect moderate revenue growth for the company over the period of FY2023-35e. Though newer businesses will be key growth drivers for the company, we see limited growth prospects in its core segments, given the risk of electrification and elevated competitive intensity from domestic companies. […]
By Sameet Chavan Thursday’s trading session was a replica of the previous session as we first witnessed a gap down on the back of sluggish global cues and then despite some mid-session rebound, ended the session almost at day’s low. However, unlike Wednesday, the trading range was slightly bigger. Eventually, the Nifty 50 ended the […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices remain unchanged on Saturday, 21 January 2023, keeping costs steady for about seven months now. In Delhi, petrol price 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 SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open in the red, as Nifty futures traded 31 points lower at 17,798 on the Singaporean exchange. Benchmark indices NSE Nifty and BSE Sensex added gains on Wednesday to end the session in green. The Nifty 50 rose 0.25% to 17,813 […]
By Shivangi Sarda Nifty opened flattish and after a slight decline in the initial tick, buying was seen at declines which are giving strength to the index. It is moving in a positive to range-bound manner. Till the index holds above key level of 17450, it can once bounce towards 17777 zones. Market breadth continues […]
Swan Energy Ltd on Tuesday said that TOPL, subsidiary of the company, has pre-paid Rs 300 crore, out of its internal accruals, to its consortium of senior lenders of Floating Storage and Regasification Unit (FSRU) Project. “TOPL has also created the required Debt Service Retention Account (DSRA) of ~Rs 95 crore,” it said in a […]
Oil prices fell on Wednesday, erasing the previous session’s gains, after industry data showed an unexpected build in crude and fuel inventories in the United States, the world’s biggest oil user, which reignited worries about fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8%, to $74.53 a barrel at 0134 […]
Samhi Hotels Ltd – the operator of Marriott Hotels in India – has refiled its IPO draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds including Rs 1,000 crore in a fresh issue of shares. Goldman Sachs-backed Samhi Hotels’ IPO will also have an offer for sale (OFS) […]
Wipro share price jumped 2.7% to Rs 384.5 today after the IT major’s board approved a buyback of up to Rs 12,000 crore of shares at a price of Rs 445 per share. The company’s net profit fell 10% to Rs 3,149 crore in Q4FY23 from Rs 3,524 crore in the same quarter last year. […]