BSE Sensex and NSE Nifty 50 were trading one per cent higher on Thursday, a day of weekly F&O expiry. BSE Sensex rose to a day’s high of 59,484.99, and fell to day’s low of 59,280. NSE Nifty hit a day’s high of 17,719, and a low of 17,644.45 apiece. So far in the trade, …
By Rahul Shah Dalal street was in party mode last week as stock markets roared back smartly and closed above the psychological 17000 level. Equity benchmarks Sensex and Nifty spurted nearly 3 per cent to close over three-month high levels following buying in metal, banking & NBFC, IT and Auto stocks. Strong quarterly results, FII …
By Umang Thaker Systematic investing through SIP in mutual funds has become a buzz word for many savers – however, keeping the discipline of regular investments especially during a crisis requires a certain level of tenacity. Investors often encounter the ‘urge to sell’ at the first sign of trouble. This is more behavioural than analytical. …
Our Consumer Durables coverage universe posted a top-line beat versus our estimates, which on a 3Y-CAGR-basis stood at 7.9% (ex-Dixon/Amber). Profitability remained challenging – Ebitda margins dipped 180bp below our estimate, albeit flat y-o-y, owing to high-cost inventory, limited pricing action and higher ad-spends during the quarter. In our view, with commodity costs easing, margins …
Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to securities market data access and privacy. The market data advisory committee will now have 20 members, the latest information on the Securities and Exchange Board of India’s (Sebi) website showed. Earlier, the committee had 21 members. Sebi has replaced NSE’s …
The initial public offer of Syrma SGS Technology, an electronics system design and manufacturing company, was subscribed 32.61 times on the final day of bidding.Syrma is the first company in over two months to hit the market with an IPO and its success may spur fence-sitters to launch their issues as well. The offer received …
Indian equity markets were volatile on Tuesday as tepid global mood kept investors on sidelines. NSE Nifty 50 index was testing the 17,500-mark, while the S&P BSE Sensex was flat at 58,800 levels. Among individual stocks, shares of Infosys dropped over 2 per cent after the IT major slashed average variable payout for the June …
India’s demand for petroleum products like petrol and diesel will grow by 7.73 per cent in 2022, the fastest pace in the world, an OPEC report said.India’s demand for oil products is projected to rise from 4.77 million barrels per day (bpd) in 2021 to 5.14 million bpd in 2022, OPEC said in its monthly …
In what could give relief to the airlines and hotels & restaurants battling high input costs, oil marketing companies (OMCs) have reduced aviation turbine fuel (ATF) prices by around 12% and the rate for standard commercial LPG cylinders by 1.8% with effect from Monday. The price of domestic LPG cylinder and petrol & diesel at …
Online travel aggregator ixigo, which received a regulatory nod for its proposed Rs 1,600-crore IPO in December last year, is still in a ‘wait and watch mode’ for its public market debut even as the start-up reported a 184% y-o-y increase in revenue from operations for the financial year ended March 2022. Aloke Bajpai, Group …