In contrast to Motilal’s estimate of Rs 5,000 crore, Coal India grew 13% YoY to Rs 6,800 crore, driven by improved operating performance and decreased depreciation. EBITDA increased 11% YoY to approximately Rs 8,900 crore. Higher-than-expected coal prices and lower-than-expected personnel costs helped Coal India Ltd. post better-than-expected Q2 results. Power demand typically peaks in…
Tracking a mix of global cues, the Indian stock market indices, Sensex and Nifty 50, are likely to hold onto their gains and open higher. The Indian benchmark index is off to a good start, according to Gift Nifty’s trends. Compared to the Nifty futures’ previous close of 19,723, the Gift Nifty was trading at…
In the oil year 2022–2023 India imported about ₹1.38 lakh crore of edible oil, compared to ₹1.57 lakh crore in 2021–2022 and ₹1.17 lakh crore in 2020–21. India saw a growth of 17.39% in the amount of edible oil imported during the oil year 2022–23 (November to October) compared to 140.3 lt during the oil…
Indian stock indices are expected to open higher on Wednesday, following a sharp rally in Asian and US markets amid positive global cues. – Nifty 50 and Sensex Gift Nifty trends also point to a gap-up start for the Indian benchmark index. The Gift Nifty was trading around the 19,743 level, compared to the previous…
Senior citizens should put some of their savings into fixed deposits, which provide liquidity and interest income regularly. Seniors who enjoy investing in fixed deposits are in for a treat. According to BankBazaar data, private and public sector banks are offering interest rates as high as 8% on three-year fixed deposits for senior citizens. The…
Holiday in the Stock Market: Due to Diwali Balipratipada, the Indian stock market will be closed today, November 14, 2023. The SLB segment, equity derivatives segment, and equity segment will not be open for trading. Additionally closed to trading today is the currency derivatives market. The Multi Commodity Exchange (MCX) will not open for trading…
Diwali 2023: BHEL (Bharat Heavy Electricals Ltd), GAIL Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Hero MotoCorp Limited, United Spirits Ltd (MCDOWELL-N), State Bank of India (SBIN), Tata Consumer Products Ltd, and UltraTech Cement Ltd continue to be PhillipCapital’s top technical DIWALI PICKS- (YEAR-2023). About BHEL, PhillipCapital has set first and second target prices…
Commodity Market: India will probably have to import 2.2 million cotton bales, a three-year high, as a result of this decreased production. According to the International Cotton Advisory Committee (ICAC), a 3 percent rise in global production has caused cotton prices to drop to a 12-month low, reaching 25.41 million tonnes. To 23.35 million tonnes,…
Technical Analysis of USD/JPY: The US Dollar gained from a spike in Treasury yields and hawkish remarks from the Fed, wiping out nearly all of the previous week’s losses for the USDJPY pair. Next, what? US With essentially no changes to the statement, the Fed maintained interest rates as anticipated. Since the full impact of…
M&M Q2 Results Preview: M&M will release its financial results for the second quarter of fiscal year 24 today. The passenger vehicle (PV) and commercial vehicle (CV) manufacturer is expected to see decent revenue growth in Q2FY24 on the back of strong volumes, but margins may remain under pressure sequentially due to an unfavorable mix….
