Except FMCG, all other sectoral indices ended in the green with bank, capital goods, Information Technology, PSU Bank and realty up 1-2 percent.
The BSE Sensex today rallied more than 500 points to 59,333, while the Nifty50 rose 124 points to close at 17,659, the highest closing level since April 11. The broader market, too, participated in the rally.
Its net profit was Rs 1,555.46 crore, or Rs 14.34 per share, in April-June compared to Rs 507.94 crore, or Rs 4.68 a share, in the same period a year back.
Barring FMCG, all other sectoral indices ended in the green with Nifty Bank, Information Technology and PSU Bank rising up to 2 percent.
The Reserve Bank of India took several steps to mitigate the rupee’s woes, and even though the currency has weakened, the RBI has ensured that the rate of decline has been arrested
Sensex ended positive with Nifty up 0.71 percent. All sectors except FMCG ended in the green. Small cap indices also jumped 0.5 percent. Watch the video to catch all the market action
In today’s edition of Moneycontrol Pro Panorama: Nitish Kumar outfoxes BJP in Bihar, the Fed’s tightening may not be working, Nykaa may take on more gloss, and more
One way to assess the new-age companies would be that how much capital has been raised by the business and based on that capital how much top line have they generated.
San Francisco president points to price rises remaining ‘far too high’ but signals initial support for smaller rate increases
The festive season is here and demand for soft commodities including sugar soyabean and cotton is surging. What could this mean for you? What commodities could you trade with? Find out here with Karunya Rao and Manisha Gupta
The affordable housing finance market grew 20 percent in FY22 and is likely to grow by 18 percent in the current financial year, according to Care Ratings Ltd. That is faster than the banking sector’s home loan growth of 13 percent in FY22 and the 11 percent growth for HFCs.
Volume growth gets hit as more consumers buy these packs, as do margins. But companies have little choice if they want to retain consumers
The Chicago Fed’s Adjusted National Financial Conditions Index is now lower than what it was back in March 2022, despite the Fed having raised the policy rate by 200 basis points since then
Rahul Singh, chief investment officer-equities, Tata Mutual Fund expects the rupee to remain in the 79-80 per dollar range and take broader cues from movements in the dollar Index.
Rahul Kalantri, VP Commodities, Mehta Equities expects precious metals to remain volatile in today’s session. Gold has support at $1782-1774, while resistance is at $1810-1818 per troy ounce. In rupee terms gold has support at Rs 52040-51,810, while resistance is at Rs52,420–52,540. Silver has support at Rs 58,510- 57,980 while resistance is at Rs59,380–59,740, he said.
Hindalco Q1: Consolidated revenue rose 40.3 percent on-year to Rs 58,018 crore, as compared to a revenue of Rs 41,358 crore registered in the year-ago quarter, the company said on August 10.
Shares of Coal India have posted a nearly three-fold rise in net profit, taking the shares to a fresh 52-week high. Top brokerages believe the demand for coal here to stay.
Eicher Motors Q1: The company reported 72 percent growth in its consolidated revenues at Rs 3,397 crore, up from Rs 1,974 crore in the same quarter of the previous fiscal year
Entrepreneurs must know that a good business may not necessarily mean it is an investible business. Investors – be they seed funds or VCs are looking for 10x + potential returns on any investment.
In times of extreme stress in the economy, the sentiments bend the markets towards the point of the economic cycle. But soon enough we see that markets start playing their role of being complex adaptive mechanisms that are forward looking
Coal India's jaw-dropping Q1 results have got CJ excited for what lies ahead for the stock but Santo believes that the anti-ESG brigade and PSU tag will not let stock see its record highs anytime soon. Watch the duo debate whether Coal India should be fancied by long-term investors or not. Plus the duo share their thoughts on Hindalco, IndiGo and SAIL.
Hotel sector sees strong Q1FY23 performance. Shares of the toll booth and hotel companies are expected to bump up ahead of the long Independence day weekend. We speak to Bharat Gianani of Moneycontrol Pro Team. Stock in spotlight today: Tata Consumer, Eicher, Coal India. We also answer your stock queries LIVE with Chandan Taparia.
Tata Chemicals share price jumped 12.2 percent to Rs 1,074, the highest closing level since October 19, 2021. The stock had a robust gap up opening and large bullish candlestick pattern formation on the daily charts with significantly higher volumes. It has decisively broken the long down sloping resistance trend line, adjoining October 18, 2021 and May 5, 2022, may be indicating bullish phase. Now the stock is around 7-8 percent away from its record high of Rs 1,158.
Futures data and RSI, both show strength in the Hindalco prices indicating an up move
Eicher Motors after a strong result is likely to retest its long-term all-time high point at 3350