Based on the open interest future percentage, there were 51 stocks including Alkem Laboratories, Lupin, Ipca Laboratories, Apollo Tyres, and Dalmia Bharat, in which a long build-up was seen.
While IIFL wealth reported strong earnings in Q1FY23 with net profit rising by 34% year-on-year, the newly-listed mutual fund distributor Prudent Corporate Advisory also saw net profit rise 25% YoY on the back of strong growth in AUM, and an improvement in product mix. Given the huge opportunity in wealth management, find out which stock MC Pro suggests adding to your portfolio
The audit of Future Retail's related party transactions will be conducted in relation to Future Supply Chain, Future Enterprises, and Future Consumer.
The street may maintain caution till the meeting outcome and if the index gets back firmly above 17,450, then there is a fair chance of the index moving towards 17,800 levels, with crucial support at the 17,000 mark, experts said.
In today’s edition of Moneycontrol Pro Panorama: How to trade on RBI policy day, IndiGo flying high, Devyani International baking it big, sparks fly on Pelosi’s Taiwan visit, Start up Street, and more
The year-on-year growth is likely to be driven by robust growth across its three main business segments of jewellery, watches and eyewear, with experts expecting all three lines to more than double revenues from last year.
Headed by RBI Governor Shaktikanta Das, the MPC is scheduled to announce its decision on August 5 at 10:00 am.
Among sectors, Metal, IT, and Healthcare were up 1-2 percent, while the Realty index was down 1 percent. BSE midcap and smallcap indices ended with marginal gains.
The profitability was impacted as certain commodities, relevant to bakery business, such as Wheat & Industrial fuel witnessed steep sequential inflation during the quarter ranging between 15 and 20%
Growth in revenue was aided by robust 180 percent YoY growth in its retails business and a strong double digit growth in its food and other businesses.
The recent rally in metals, real estate and media stocks had led to some overvaluation, feel experts. Sectors like metals might remain under pressure for the near term due to global constraints.
Holding reserves in volatile assets is becoming increasingly untenable. So far this year, the crypto market’s value has fallen by more than $1.2 trillion
Healthy loan growth may be offset by mark-to-market losses on the bank’s bond portfolio after a surge in yields in the June quarter.
The company reported net profit at Rs 381.90 crore in the June quarter, down 19.89 percent from a year ago, missing estimates. Core profit came in at Rs 625.61 crore, down 15.93 percent.
Falling prices and fear of recession in the US seem to be driving this sentiment
Novelis’ net sales in the quarter jumped 32 percent year-on-year to $5.1 billion aided by strong demand in the international market.
At the interbank foreign exchange, the rupee opened at 79.21 against the US dollar, then fell to 79.51, registering a decline of 36 paise over the last close.
"Today's trend in precious metals may remain down ahead of Britain's monetary policy. Gold has resistance at Rs 51750 while support at Rs 51200. Silver has resistance at Rs 58000 and support at Rs 56800," said Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart.
One can benefit from the sudden drop in volatility by going short on the same before the event
India is in a sweet spot and the equity market P/E premium versus peers should remain elevated given the marked improvement in macroeconomic fundamentals and significant improvement in corporate balance sheets
IndiGo Q1: The company reported 327 percent year-on-year growth in consolidated revenue at Rs 12,855.3 crore in the first quarter of the financial year 2022-23.
Climate change tops the list of long-term risks for banks, finds an EY survey; this article takes stock of FI readiness in taking corrective measures
The dollar hovered near its highest this week after Federal Reserve officials continued to stress that policy tightening is far from over. However, Treasury yields remained down from two-week highs as investors stayed sidelined ahead of employment data this week that will guide the path of interest rates.
After a month of trading near a nadir of 80.065 per dollar, the currency strengthened to a one-month high of 78.490 on Tuesday, providing relief for the Reserve Bank of India, which has been burning through foreign currency reserves defending 80 per dollar.
Spot gold held its ground at $1,767.39 per ounce, as of 0239 GMT. U.S. gold futures rose 0.4% to $1,783.90.