Thursday saw Sensex and Nifty open lower than usual once more, with the markets falling more than 400 points today. On January 18, Sensex and Nifty opened negatively once more. Sensex fell more than 400 points to 71,023, and Nifty fell below 21,500 during the opening bell. Not too many days after the benchmark index…
Asian Paints Q3 Results: Asian Paints reported October–December quarter fiscal 2023–24 (Q3FY24) results, indicating a 34.5% increase in consolidated net profit to ₹1,475 crore from ₹1,097 crore in the same period last year. The income generated by the operations of the largest paint manufacturing firm in the country increased by 5.4% to ₹9,104 crore during…
Sensex: Financials and banks pulled the domestic indices down. With 30 shares, the BSE Sensex fell 1,045 points, or 1.43%, to trade at 72,084, while the NSE Nifty fell 313 points, or 1.42%, to trade at 21,719. Summary In early trade on Wednesday, benchmarks for Indian equities fell precipitously on the back of negative global…
India: In the first two months of the oil year 2023-24 (November to October), India’s edible oil imports fell by 20.38 percent. According to figures from the Solvent Extractors’ Association of India (SEA), India imported 24.55 lakh tons (lt) of edible oil in the first two months of the oil year 2023-24, compared to 30.84…
Avenue Supermarts Q3 Preview: Brokers estimate that even though the festival season fell into Q3FY24 rather than Q2, discretionary consumption remained poor from October to December. Avenue Supermarts is expected to see reduced revenue growth in the third quarter of its fiscal year due to a decline in input prices and weak festive demand. Based…
Wipro projects that the IT Services business sector will generate between $2,615 million and $2,669 million in sales. In constant currency terms, this amounts to sequential guidance of minus 1.5% to 0.5%. Wipro Ltd. posted a consolidated net profit of Rs 2,700 crore on Friday, down 11.90 percent year over year (YoY) from Rs 3,065…
HCLTech: The entire income of the Noida-based IT firm increased to Rs 28,816 crore in the third quarter of FY24. HCL Technologies Ltd reported a 6.23 percent increase in third-quarter net profit to Rs 4,351 crore, up from Rs 4,096 crore in the previous year. The overall income of the Noida-based IT firm increased to…
IRCTC stocks increased 1.89% on Friday, reaching a high of Rs 958 from the previous closing on the BSE of Rs 940.20. At Rs 948.95, the railway shares opened higher. In early trading today, shares of Indian Railway Catering and Tourism Corporation (IRCTC) reached a new high. The last two months have seen a surge…
Nifty & Sensex: In addition to stock-specific movements, the market is likely to trade inside the present range, according to Siddhartha Khemka of Motilal Oswal Financial Services. The benchmark indices climbed on January 12 morning to inch closer to all-time highs, aided by buying in information technology equities following encouraging reports from bigwigs TCS and…
In a move that surpasses Vertex’s previous offer of $626 million, Thomson Reuters is making a cash offer for Pagero Group, the Swedish e-invoicing firm. On Thursday, Thomson Reuters said that on Friday, it will start a public tender offer to buy all of Pagero’s shares. By paying 40 Swedish krona per share, it plans…
