Sensex tanks 1200 pts, Nifty at about 17000, support at 16900-17000, TCS, Sun Pharma gain
Benchmark indices BSE Sensex and NSE Nifty 50 opened lower on Monday amid weak global cues. The Sensex was down 1,197.86 points or 2.06% at 56955.06, and the Nifty was down 348.00 points or 2.00% at 17026.80. M&M, SBI, ITC, L&T and ICICI Bank were among major losers on the Nifty, while gainers were ONGC and TCS. All the sectoral indices are trading in the red […]
MFs garner Rs 99,704 crore via NFOs in 2021 on sharp rally in stock market
Mutual fund houses launched 140 new fund offerings (NFOs), which collected about Rs 1 lakh crore in 2021 on a sharp rally in the markets and an exceptional increase in the retail investors’ interest. However, the current volatility in the stock market might prompt asset management companies (AMCs) to limit the launch of NFOs this year, said MyWealthGrowth.com co-founder […]
Long-awaited 5G spectrum auction expected in April-May 2022: Official
The long-awaited 5G spectrum auction is expected to be held in May this year if the Telecom Regulatory Authority of India (Trai) submits by March its recommendations on the rules regarding the sale process, according to a senior official of the telecom department. Telecom Minister Ashwini Vaishnaw earlier this month said the Trai has informed that it will submit […]
Zomato to invest $400 million more in quick commerce; will set up a lending biz for restaurants
Online food delivery firm Zomato Ltd on Thursday said its revenue from operations for the December quarter rose from both a year earlier and sequentially, even as its loss shrank. Revenue from operations for the fiscal third quarter rose to Rs 1,112 crore from Rs 1,024.2 crore in the July-September period and Rs 609.4 crore […]
Shares of this realty firm zoomed 165% in 6 weeks, trade at 7-year high
Shares of D B Realty hit an over seven-year high of Rs 116.70, and was locked at the 5 per cent upper circuit on the BSE on Wednesday, after its board approved raising funds via issuing 50 million convertible warrants to Rekha Jhunjhunwala and others. The stock of Mumbai-based real estate company has been locked […]
Shares of this realty firm zoomed 165% in 6 weeks, trade at 7-year high
Shares of D B Realty hit an over seven-year high of Rs 116.70, and was locked at the 5 per cent upper circuit on the BSE on Wednesday, after its board approved raising funds via issuing 50 million convertible warrants to Rekha Jhunjhunwala and others. The stock of Mumbai-based real estate company has been locked […]
COVID disrupts health services in over 90% of countries: WHO
Disruptions in basic health services such as vaccination programmes and treatment of diseases like AIDS were reported in 92% of 129 countries, a World Health Organization survey on the impact of the COVID-19 pandemic showed on Monday. The survey, conducted in November-December 2021, showed services were “severely impacted” with “little or no improvement” from the […]
Indian stock markets can fall another 10%
Budget euphoria is slowly fading away on Dalal Street as global headwinds stare in the eye. Geopolitical tensions involving Ukraine and Russia, coupled with fear of easy money drying up amid soaring inflation, are giving a rude reality check to stock market investors. Yesterday, the BSE Sensex plunged over 1,300 points in intra-day trade while the Nifty50 slipped below […]
Tube Investment Consolidated December 2021 Net Sales at Rs 3,410.10 crore, up 100.6% Y-o-Y
Net Sales at Rs 3,410.10 crore in December 2021 up 100.6% from Rs. 1,699.99 crore in December 2020. Quarterly Net Profit at Rs. 278.88 crore in December 2021 up 159.79% from Rs. 107.35 crore in December 2020. EBITDA stands at Rs. 466.45 crore in December 2021 up 92.06% from Rs. 242.87 crore in December 2020. […]
Markets drop for a second day on global cues; eke out 2.5% weekly gain
Benchmark indices fell for a second day on Friday but ended the week with a 2.5 per cent gain. Global investor sentiment was hit by hawkish comments by the European Central Bank (ECB), disappointing earnings from US technology giants and a simmering crisis at Ukraine’s border. The Sensex fell 143 points, or 0.24 per cent, to end at 58,645. […]
