Equity benchmark BSE Sensex cracked 324 points Thursday on heavy selloff in auto, metal, energy and financial stocks as boiling crude prices and depreciating rupee weighed on investor sentiment.
The Rs 25,000-crore rights issue of Vodafone Idea has been subscribed 1.07 times, according to data accessed by merchant bankers involved in the process. Through the rights issue, the firm offered 2,000 crore new shares at Rs 12.50 apiece.
The country's largest car maker Maruti Suzuki India (MSI) Thursday reported a 4.6 per cent decline in net profit to Rs 1,795.6 crore for the fourth quarter of the 2018-19 fiscal. It had posted a net profit of Rs 1,882.1 crore in the January-March period of 2017-18.
Get investment & trading tips, stock picks; analysis on stock movements, market predictions and more to make the best of your investments from our experts, Gaurang Shah, Head Investment Strategist, Geojit Financial and Abhijit Paul of elearnmarkets.com.
The 30-share index was trading 42.83 points higher at 39,097.51, and the NSE Nifty rose 22.95 points to 11,749.10. In the previous session, the BSE bourse soared 489.80 points, to close at 39,054.68, and Nifty climbed 150.20 points.
The euro slumped to a 22-month low against the U.S. dollar overnight after the drop in German business confidence highlighted the divergence between data in the euro zone and the United States.
Get guidance on investments & trading, stock picks; analysis on stock movements, market predictions and more from experts. On 24th April 2019, Saurabh Jain, Assistant Vice President-Research (Retail Equities), SMC Global Securities, and Hemen Kapadia, Research, KRChoksey SSPL, answer viewers’ questions.
Snapping its three-session losing streak, benchmark BSE Sensex surged 490 points Wednesday as investors piled into finance, energy and IT stocks ahead of expiry of derivatives contracts.
Aditya Birla Group firm UltraTech Cement Wednesday reported a consolidated net profit of Rs 1,014.19 crore for the fourth quarter ended March 31. The company had posted a net profit of Rs 446.13 crore in the January-March quarter a year ago, UltraTech Cement said in a BSE filing.