Times News Network
BSE Sensex and NSE Nifty 50 were trading more than 1.5 per cent higher on Tuesday, on the back of positive global cues. So far in the day, the 30-share index S&P BSE Sensex hit a day’s high of 52,402, while NSE Nifty 50 touched 15,603.95. No stock on S&P BSE Sensex hit a fresh … Read More “BPCL, Future Consumer, JK Cement among 143 BSE stocks to hit 52-week lows; 27 scrips at new highs” »
Domestic stock markets opened with gains on Thursday morning, mirroring global cues but failed to hold the up-move and witnessed volatility. S&P BSE Sensex, after opening 500 points higher, was down 200 points around noon. NSE Nifty 50 breached 15,800 earlier in the day but was now below 15700. While indices traded volatile 50 stocks … Read More “Tech Mahindra, Tata Steel, Wipro among 79 BSE stocks to hit fresh 52-week lows, 50 scrips at fresh highs” »
LIC has increased its stake in non-banking finance company Capri Global Capital, to over 7 per cent from 5 per cent earlier, during the February-June period with an investment of over Rs 221 crore, the state-owned insurer said on Tuesday. LIC’s shareholding in Capri Global Capital has increased from 88,58,348 equity shares to 1,24,00,000 equity … Read More “LIC ups stake in Capri Global to over 7 pc with Rs 221 crore investment” »
Keystone Realtors, Rustomjee Group’s company, has filed a draft red herring prospectus with capital market regulator SEBI to raise Rs 850 crore through an initial public offering (IPO). The issue consists of fresh issue of equity shares aggregating up to Rs 700 crore and an offer-for-sale (OFS) worth Rs 150 crore by promoters. The OFS … Read More “Rustomjee group firm Keystone Realtors files IPO papers with SEBI; plans to raise Rs 850-cr via public issue” »
The public issue of Navi Finserv’s non-convertible debentures (NCD) was subscribed 1.40 times per year. June 1, according to data available on the Bombay Stock Exchange (BSE). The Rs 600 crore issue closes on Thursday, the company said. At the time of the announcement, the company had declared May 23 as the opening day and … Read More “Navi Tech arm NCD edition subscribed 1.4 times; co brings forward the closure of the question” »
Equity indices extended their winning streak to a third consecutive session on Monday, tracking fixed signals from global markets. Both Sensex and Nifty rose nearly 2% on Monday, driven by acquisitions in heavyweight Reliance Industries and IT stocks. Analysts said the recovery in Indian markets was due to its underperformance since April 2022. Since April … Read More “Benchmarks rise while RIL, IT stocks shine” »
The benchmark indices snatched their three-day slides, returning smartly on Thursday as investors picked up knocked-up financial stocks. Bank shares strengthened gains in benchmarks, with Bank Nifty rising 2.2%. The index has risen 6% over the last two weeks, up 2.5% from Nifty50. While Sensex rose 503.27 points or 0.94% to settle at 54,252.53, the … Read More “Benchmarks return while investors go on a bargain hunt” »
Cigarette-to-soap manufacturer ITC experienced healthy margin expansions in its major cigarette and non-cigarette FMCG stores during the fourth quarter of last fiscal year, with most of its peers experiencing margin headwinds. The diversified conglomerate increased its EBIT margins by around 80 basis points year-on-year to 74.2% for its cigarette business and around 60 basis points … Read More “ITC has healthy margin gains for cigarette, FMCG companies when most peers face headwinds” »
After plunging 1,255 points on Thursday, BSE Bankex lost further ground on Friday as it fell 498 points, wiping out a total market value of Rs 1.1 trillion. The shift on Friday began after the State Bank of India’s SBI’s net profit of Rs 9,113.53 crore for Q4FY22 missed Bloomberg’s estimates of Rs 10,180 crore. … Read More “Modest earnings and unanswered estimates: SBI figures lower BSE Bankex” »
Shares of Punjab National Bank (PNB) on Thursday tumbled over 11 per cent after the company reported a 66 per cent decline in standalone net profit for the quarter ended March 2022.The stock tanked 11.17 per cent to its 52-week low of Rs 29.40 on the BSE and NSE. State-owned Punjab National Bank on Wednesday … Read More “PNB shares tumble over 11 pc after Q4 earnings market” »
