Domestic indices crashed over 2% intraday on Friday as the market remained nervous ahead of the Budget. The Hindenburg’s report dragged Adani stocks lower. Banking stocks were among the worst hit. The BSE Sensex closed below 59,350 and the NSE Nifty 50 below 17,610. The top gainers of the BSE Sensex were Tata Motors (up […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Wednesday, 26 April across New Delhi, Kolkata, Mumbai, and Bengaluru. Petrol rates and diesel rates have been steady over the last ten months. However, individual cities see fluctuations in their prices everyday. The prices of petrol and […]
Indian equity indices concluded Wednesday’s muted session in green. The Sensex closed above 61,250 and the Nifty settled above 18,000. The top gainers of the Sensex were Tech Mahindra (up 5.79%), Reliance Industries Ltd (up 2.22%), Bajaj Finserv (up 1.44%), Bharti Airtel (up 1.24%) and Mahindra & Mahindra (up 1.19%). Markets Ahead: US inflation data […]
Oil prices fell on Monday as jitters over the prospect of the U.S. Federal Reserve raising interest rates combined with weaker Chinese manufacturing data to erase earlier gains. Brent futures for July delivery were down 55 cents, or 0.7%, at $79.78 a barrel at 0009 GMT, while U.S. West Texas Intermediate (WTI) crude lost 54 […]
IT company HCL Tech is expected to report a double-digit growth in revenue for the fourth quarter ended March 31, 2023, with estimates going as high as around 20.4 per cent, aided by ramp up of deals, well distributed across large and medium sized deals. “The deal pipeline remains healthy, which is well distributed across […]
After an IPO drought that began January onwards, March saw three IPOs open for subscription. The trickle is to turn into a flood as a series of companies file their DHRPs and plan on opening for subscription for their respective public issues. Here’s a look at some of the companies that have filed their DRHPs […]
Morgan Stanley Capital International (MSCI) on Thursday cut the free-float designations of four Adani group stocks, a move that analysts have warned could impact index weightings. The index provider said in a statement it has reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and ACC. The remaining Adani group companies’ free […]
Hindustan Unilever Ltd (HUL) share price tanked 2.1% to Rs 2,467.6 today, despite the company’s fourth quarter financial results meeting analysts’ expectations. The company reported an 8.6% on-year rise in its net profit at Rs 2,561 crore and a 10.5% jump in revenue at Rs 15,215 crore. HUL also approved a final dividend of Rs […]
Mahanagar Gas (MGL) has announced its first inorganic acquisition in the CGD space, Unison Enviro (UEPL), from the latter’s erstwhile promoters Ashoka Buildcon and North Haven India Infra (a Morgan Stanley affiliate). MGL has acquired 100% stake in the fledgling city gas distribution (CGD) player and has stated UEPL equity value at Rs 5.3 bn, […]
The reopening of China’s economy, with the government relaxing measures and preparing to reopen Hong Kong’s border, could spell trouble for India’s capital markets as investors move increasingly to the land of the dragon. In the FTSE Emerging Index, India has a weight of around 17-18%, while China is twice the weight at above 35%. […]
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