NEW DELHI: NSE on Tuesday said a spike in Nifty futures trades on Monday was due to a manual order placed by a trading member at a significantly higher price than the prevailing price in the market. The National Stock Exchange (NSE) said that its systems functioned normally and asked the concerned trading member to … Read more
MUMBAI: An unusual battle is brewing in the stock market. Its fate will decide who will become the next Nifty50 stock and be counted as part of the elite circle of India’s stock market. According to brokerage firm , there are two candidates to be included in the next reconstitution of the premier stock index … Read more
MUMBAI: The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2021-22 – Series II or the second tranche will be open for subscription from May 24 to 28. The government … Read more
MUMBAI: Cement Ltd today reported a 61.5 per cent year-on-year rise in net profit to Rs 1,778 crore, which was slightly higher than analysts’ estimates. The company’s topline soared 34.6 per cent on-year in the quarter to Rs 13,784 crore, reflecting the strong demand and pricing conditions for the industry. “UltraTech’s recovery from the Covid-19 … Read more
MUMBAI: today reported a 34 per cent year-on-year decline in net profit to Rs 75 crore, which was below analysts’ estimates. The decline in profit was largely on account of higher provisioning in the quarter. The lender’s net interest income in the quarter slumped 11 per cent on-year to Rs 906 crore, which was also … Read more
MUMBAI: is expected to report a 26 per cent year-on-year rise in net profit at Rs 1,908 crore for the quarter ended March aided by a low base in the year-ago quarter, according to analysts polled by ETMarkets.com. The country’s largest fast-moving consumer goods company is also likely to report a 31 per cent on-year … Read more
MUMBAI: Fast-moving consumer goods company Nestle India is likely to report a 12 per cent year-on-year rise in net profit to Rs 589 crore for the quarter ended March, an average of estimates by eight brokerages showed. The company is also expected to report a strong 8.2 per cent on-year growth in revenues in the … Read more
MUMBAI: The National Stock Exchange, the country’s biggest bourse, has seen its valuations surge 80% in the past six months as investors begin to factor in strong growth amid strong retail trading volumes and returns from IPOs last year. NSE shares are currently traded at Rs. 1,750 apiece in the unlisted market compared with Rs. … Read more
By Nupur Acharya and Siddhartha Singh Less than an hour into trading in India’s $2.7 trillion stock market on Wednesday, dealers saw index levels on the National Stock Exchange’s cash segment had stopped updating. By 11:40 a.m., the world’s biggest derivatives bourse halted trading in all segments. The incident prompted the markets regulator to ask … Read more
MUMBAI: Alfa Laval (India), a subsidiary of Sweden-based Alfa Laval Corporate AB, today said its parent firm has raised the delisting offer price to Rs 2,850 a share. In a filing with the BSE, Alfa Laval India said its parent company increased the delisting offer price after “considering the prevailing market conditions and with a … Read more