Gainers & Losers: Adani Green, Axis Bank among 10 stocks in limelight on Thursday
Sensex slipped 0.14% (down 109.80 points), Nifty50 edged 0.03% lower (down 7.40 points). Here are the most active stocks from Thursday.
Sensex slipped 0.14% (down 109.80 points), Nifty50 edged 0.03% lower (down 7.40 points). Here are the most active stocks from Thursday.
Maharashtra Congress leader Vijay Wadettiwar has urged the Eknath Shinde government to announce a financial aid package for farmers affected by severe crop losses due to heavy rains. Areas including East Vidarbha, Kolhapur, Raigad, and Pune have seen extensive damage. Wadettiwar also called for the relocation of residents from unsafe buildings in Pune and Mumbai and requested relief measures for Chandrapur, Gadchiroli, and Wardha districts. He advised people to avoid dangerous areas amid ongoing weather conditions.
The 30-share BSE benchmark Sensex fell 109 points or 0.14% to settle at 80,039. The broader NSE Nifty dropped 7 points or 0.03% to end at 24,406.
IndusInd Bank is expected to report a net profit in the range of Rs 2,140 to Rs 2,456 crore for the quarter ended June 30, 2024, according to the estimates by brokerages. The growth in the April-June quarter profit after tax (PAT) could be between 0.7% and 15.6% on a year-on-year (YoY) basis, these estimates revealed, indicating a wide range in PAT growth.
Pandey said there has been an improvement in the performance of public sector entities and markets have started valuing these entities in a much better manner. Also, LIC has contributed significantly to the total market capitalisation of CPSEs. According to the latest BSE data, LIC's market capitalisation stands at Rs 7.2 lakh crore.
A significant June quarter growth in Larsen and Toubro’s core order inflow, which excludes services and development businesses, exceeded market expectations.
The Telangana budget, presented by the BRS chief K Chandrasekhar Rao, has been criticized for its lack of clarity and focus on core issues. Rao, who attended the House for the first time as the leader of Opposition (LoP), criticized the budget for not providing guarantees for any sections of the public and not introducing new welfare schemes.
HDFC Bank has increased its fixed deposit interest rate by 20 basis points (bps) on certain tenures. Note that other big banks such as ICICI Bank, PNB, Axis bank have revised their FD rates in the last one month. Now let us compare and see which bank is offering highest FD interest rate and on which tenure.
Sometimes, what is considered a weakness by the street turns into an opportunity by just one policy announcement. Take the case of cement companies which are focussed on the eastern part of the country. The special push to the infrastructure sector in the eastern part of the country is likely to help companies which are primarily focussed in that region. Indian cement companies can be divided into two categories, one which are present in a particular region and other which have a pan India presence. Читать дальше...
Apco Infratech has purchased a sea-view luxury triplex apartment in a residential project in Mumbai's Bandra suburb for Rs 155 crore. The deal, valued at Rs 1.62 lakh per sq ft, is one of the costliest residential transactions in the country. The apartment is part of the top three floors of the upcoming 11-storey residential tower The Legend. The deal was confirmed by Ashar Group, the project developer.
The Indian rupee closed slightly stronger at 83.6975 against the U.S. dollar, helped by Reserve Bank interventions and a rally in the Chinese yuan.
Bharti Airtel’s Africa business reported a $31 million net profit in the first fiscal quarter, reversing a $151 million net loss year-on-year, aided by reduced net finance costs and mobile money growth.
A significant decline in vulture populations in India has led to a public health crisis, causing up to 500,000 premature deaths between 2000 and 2005, according to a study published in the American Economic Review. The absence of vultures, vital for consuming dead animals and preventing disease spread, underscores the urgent need for conservation efforts.
NHAI successfully managed its debt, pre-paying Rs 15,700 crore in loans through InvIT proceeds. With a debt of Rs 3.35 lakh crore, the authority plans to service it via toll revenue and asset monetisation. The government hasn't mandated new fund-raising since FY2023-24, indicating effective debt reduction initiatives. Nitin Gadkari confirmed no financial crises for NHAI.
The INDIA bloc of opposition parties will hold a rally on July 30 at Jantar Mantar in New Delhi to address concerns regarding the health of Delhi Chief Minister Arvind Kejriwal, who is currently in Tihar Jail. The Aam Aadmi Party (AAP) claims the BJP is "conspiring to kill" Kejriwal in jail, pointing to his medical report that indicates his sugar levels had dropped 26 times between June 3 and July 7.
Kargil Vijay Diwas, observed annually on July 26, commemorates India's victory over Pakistan in the 1999 Kargil War. This significant day pays tribute to the bravery of Indian soldiers who reclaimed territories infiltrated by Pakistani forces. Prime Minister Narendra Modi will honor the 25th anniversary in Drass, Ladakh. The day fosters national pride, unity, and remembrance of the heroes' sacrifices, with nationwide commemorations and ceremonies highlighting their valor.
MediaTek and JioThings launched 'Made in India' Smart Digital Cluster and Smart Module for the 2-wheeler market, combining advanced chipsets and innovative IoT solutions. This partnership aims to enhance digital experiences, speed market entry for OEMs, and cater to the growing EV segment. Highlighting India's role in global tech innovation, the collaboration is set to transform mobility.
On Thursday, Adani Green reported a 38% year-on-year (YoY) increase in its consolidated net profit, reaching Rs 446 crore for the first quarter ended June 2024, up from Rs 322 crore in the same period last year.
Highlighting the potential of the country's cybersecurity market, Swaroop said Indian cybersecurity startups are poised to make a global impact, and continue their growth momentum amid a sharp rise in spending for cybersecurity globally.
Budget 2024 eliminated the indexation benefit on calculation of capital gain tax on property sales, imposing a flat 12.5% long-term capital gain tax instead. The Ministry claimed the majority of homeowners would benefit, but an analysis showed that those with slow or stagnant property growth will end up paying higher taxes now. Most major cities experienced below 9% property price growth over the past five years, burdening these homeowners further.
Union Civil Aviation Minister Ram Mohan Naidu Kinjarapu said that he will conduct a probe into allegations of abrupt fare hike when MPs try to book tickets on Air Vistara airline. Earlier, MPs had complained about the same that prompted a nudge from Lok Sabha Speaker Om Birla.