Posts
After a volatile session, the market ended on a positive note, aided by a rebound in banking stocks after yesterday’s sell-off. Mid- and small-cap indices bled the most as the sentiment on the broader indices remains vigilant due to their rich valuation. Caution prevails in the market ahead of the release of US, UK, and Indian inflation data next week, while the US 10 yr yield is inching higher.
After a volatile session, the market ended on a positive note, aided by a rebound in banking stocks after yesterday’s sell-off. Mid- and small-cap indices bled the most as the sentiment on the broader indices remains vigilant due to their rich valuation. Caution prevails in the market ahead of the release of US, UK, and Indian inflation data next week, while the US 10 yr yield is inching higher.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Mahindra and Mahindra announces collaboration on the C-390 Millennium Medium
Sensex Today | Stock Market LIVE Updates: Mahindra and Mahindra announces collaboration on the C-390 Millennium Medium
Posted by
Able
on
- Get link
- Other Apps
Aakash Exploration Services gets letter of intent from Oil and Natural Gas Corporation; contract value is Rs 20.5 crore
Aakash Exploration Services gets letter of intent from Oil and Natural Gas Corporation; contract value is Rs 20.5 crore
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Sapphire Foods India , the operator of KFC and Pizza Hut restaurants, reported a bigger-than-expected fall in quarterly profit on Friday, hurt by domestic competition and as inflation-weary consumers cut back spending on fast food. The Yum Brands franchisee's consolidated net profit fell nearly 69% to 101.4 million rupees ($1.22 million) for the quarter ended Dec. 31, marking its third consecutive fall in profit.
Sensex Today | Stock Market LIVE Updates: Sapphire Foods India , the operator of KFC and Pizza Hut restaurants, reported a bigger-than-expected fall in quarterly profit on Friday, hurt by domestic competition and as inflation-weary consumers cut back spending on fast food. The Yum Brands franchisee's consolidated net profit fell nearly 69% to 101.4 million rupees ($1.22 million) for the quarter ended Dec. 31, marking its third consecutive fall in profit.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Shares of Tata Power dropped 5.5% to Rs 385 in Friday’s intraday trade on BSE ahead of the company's December quarter results due later in the day.
Sensex Today | Stock Market LIVE Updates: Shares of Tata Power dropped 5.5% to Rs 385 in Friday’s intraday trade on BSE ahead of the company's December quarter results due later in the day.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Tyre maker MRF on Friday reported a 191% year-on-year (YoY) jump in its December quarter net profit at Rs 509.71 crore. The same stood at Rs 174.83 crore in the year-ago period.
Sensex Today | Stock Market LIVE Updates: Tyre maker MRF on Friday reported a 191% year-on-year (YoY) jump in its December quarter net profit at Rs 509.71 crore. The same stood at Rs 174.83 crore in the year-ago period.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Oil and Natural Gas Corp is in talks to restart its operations in Libya and to increase production in Venezuela, a company executive said on Friday.
Sensex Today | Stock Market LIVE Updates: Oil and Natural Gas Corp is in talks to restart its operations in Libya and to increase production in Venezuela, a company executive said on Friday.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Shares of Rail Vikas Nigam Limited (RVNL) fell over 9% after the railway infrastructure company reported a 4.4% decline in its standalone net profit for the quarter ended December 31, 2023. The state-run company reported a net profit of Rs 325.98 crore in Q3FY23 versus Rs 341.02 crore in Q3FY23.
Sensex Today | Stock Market LIVE Updates: Shares of Rail Vikas Nigam Limited (RVNL) fell over 9% after the railway infrastructure company reported a 4.4% decline in its standalone net profit for the quarter ended December 31, 2023. The state-run company reported a net profit of Rs 325.98 crore in Q3FY23 versus Rs 341.02 crore in Q3FY23.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Dixon Technologies (India) said unit Dixon Electro Manufacturing commenced its commercial production
Sensex Today | Stock Market LIVE Updates: Dixon Technologies (India) said unit Dixon Electro Manufacturing commenced its commercial production
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Biocon Biologics on Friday said it has inked a five-year pact with pharmaceutical company Sandoz AG regarding the sale and distribution of two cancer treatment biosimilar products in Australia. The agreement provides Sandoz the exclusive rights to promote, sell and distribute biosimilars Trastuzumab and Bevacizumab in Australia, Biocon Biologics said in a statement.
Sensex Today | Stock Market LIVE Updates: Biocon Biologics on Friday said it has inked a five-year pact with pharmaceutical company Sandoz AG regarding the sale and distribution of two cancer treatment biosimilar products in Australia. The agreement provides Sandoz the exclusive rights to promote, sell and distribute biosimilars Trastuzumab and Bevacizumab in Australia, Biocon Biologics said in a statement.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Paytm dip buyers burn fingers as shares fall another 9% today
Sensex Today | Stock Market LIVE Updates: Paytm dip buyers burn fingers as shares fall another 9% today
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: RBI likely to set underwriting fee in 0.10-0.20 paisa band
Sensex Today | Stock Market LIVE Updates: RBI likely to set underwriting fee in 0.10-0.20 paisa band
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Zomato shares also gained 5% in early trade after the firm's net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore. Revenue from operations in the third quarter increased 69% year-on-year to Rs 3,288 crore.
Sensex Today | Stock Market LIVE Updates: Zomato shares also gained 5% in early trade after the firm's net profit jumped nearly 4x (283%) quarter-on-quarter (QoQ) to Rs 138 crore. Revenue from operations in the third quarter increased 69% year-on-year to Rs 3,288 crore.
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: IMF urges BOJ to end bond yield control, huge asset buying
Sensex Today | Stock Market LIVE Updates: IMF urges BOJ to end bond yield control, huge asset buying
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex dips 20 points; Nifty below 21,700
Sensex Today | Stock Market LIVE Updates: Pre-open session: Sensex dips 20 points; Nifty below 21,700
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Oil prices headed for weekly gains as Israel rejects ceasefire offer
Sensex Today | Stock Market LIVE Updates: Oil prices headed for weekly gains as Israel rejects ceasefire offer
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Yen near 10-week low, dollar buoyant as traders adjust rate bets
Sensex Today | Stock Market LIVE Updates: Yen near 10-week low, dollar buoyant as traders adjust rate bets
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Japan's Nikkei leaps to 2-week high on tech stocks, yen boost
Sensex Today | Stock Market LIVE Updates: Japan's Nikkei leaps to 2-week high on tech stocks, yen boost
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: Rupee settles flat at 82.96 after RBI monetary policy decision
Sensex Today | Stock Market LIVE Updates: Rupee settles flat at 82.96 after RBI monetary policy decision
Posted by
Able
on
- Get link
- Other Apps
Sensex Today | Stock Market LIVE Updates: S&P 500 ends just shy of 5,000 mark after touching milestone
Sensex Today | Stock Market LIVE Updates: S&P 500 ends just shy of 5,000 mark after touching milestone
Posted by
Able
on
- Get link
- Other Apps
Nifty experienced a sharp decline as follow-up selling emerged following profit booking in the previous trading session. However, on the lower end, it found initial support at the 20DMA. The trend could weaken if it drops below 21,690, at which point the index may decline towards 21,500. On the contrary, if it remains above 21,700, we might observe a recovery in the near term.
Nifty experienced a sharp decline as follow-up selling emerged following profit booking in the previous trading session. However, on the lower end, it found initial support at the 20DMA. The trend could weaken if it drops below 21,690, at which point the index may decline towards 21,500. On the contrary, if it remains above 21,700, we might observe a recovery in the near term.
Posted by
Able
on
- Get link
- Other Apps
The rupee traded at 82.97, fluctuating within a range of 82.90 to 83.01 throughout the day. The Reserve Bank of India (RBI) maintained repo rates at 6.50%, with a stance of withdrawing accommodation. The RBI Governor highlighted the rupee's stability, attributing it to India's economic strength and resilience to global volatility, supported by domestic growth. As a result, the rupee is anticipated to continue trading within a broad range of 82.70 to 83.30.
The rupee traded at 82.97, fluctuating within a range of 82.90 to 83.01 throughout the day. The Reserve Bank of India (RBI) maintained repo rates at 6.50%, with a stance of withdrawing accommodation. The RBI Governor highlighted the rupee's stability, attributing it to India's economic strength and resilience to global volatility, supported by domestic growth. As a result, the rupee is anticipated to continue trading within a broad range of 82.70 to 83.30.
Posted by
Able
on
- Get link
- Other Apps
RBI’s decision to keep the repo rate unchanged at 6.50% is a welcome move which comes as per the industry expectations. With the urban consumption remaining consistently robust along with rural demand gaining momentum, this scenario will act as an enabler in boosting jewellery sales in Indian markets. However, the growing geopolitical tensions remains a concern that could impact the supply chain and put pressure on commodity prices, which will eventually hamper the exports. Further, RBI’s decision to allow resident entities to hedge price of gold in OTC segment in IFSC will help entities to safeguard themselves against the price fluctuations and the adverse currency movement. In terms of pricing of the yellow metal, it is expected to remain volatile in the near future which will further be guided by factors like inflation trajectory, strength of the USD, geo-political scenario and any economic development in the West.
RBI’s decision to keep the repo rate unchanged at 6.50% is a welcome move which comes as per the industry expectations. With the urban consumption remaining consistently robust along with rural demand gaining momentum, this scenario will act as an enabler in boosting jewellery sales in Indian markets. However, the growing geopolitical tensions remains a concern that could impact the supply chain and put pressure on commodity prices, which will eventually hamper the exports. Further, RBI’s decision to allow resident entities to hedge price of gold in OTC segment in IFSC will help entities to safeguard themselves against the price fluctuations and the adverse currency movement. In terms of pricing of the yellow metal, it is expected to remain volatile in the near future which will further be guided by factors like inflation trajectory, strength of the USD, geo-political scenario and any economic development in the West.
Posted by
Able
on
- Get link
- Other Apps