Petrol, Diesel Price Today 22 October 2024: Oil prices dropped on Tuesday, the decline reason has been cited as US diplomatic efforts to secure a ceasefire in the Middle East. Another reason is due to low demand from China which is the largest oil importer. As per the latest report, Brent crude futures for December
Shares of UltraTech Cement gains over 1% to hit intra-day high of Rs 11,080 on NS today after the company, India’s largest cement manufacturer, reported a 36% drop in net profit for the September quarter (Q2 FY25), driven by lower revenue from operations. UltraTech Cement’s Q2FY25 Performance The cement manufacturer reported a 35.5% year-on-year (YoY)
As the countdown to Diwali and Dhanteras starts, precious metal prices including gold and silver have been scaling new highs. The price of 24 carat gold is hovering close to the Rs 80,000/10 gm mark. It has been observed that generally gold prices see an uptick in demand and prices around the festive season. Families
Go to Live UpdatesHyundai IPO 2024 Live Updates: India’s largest-ever IPO, Hyundai Motor India, is set to make its highly anticipated market debut in just a few hours. Hyundai IPO’s grey market premium has dropped to 2%, with shares trading at a Rs 45-50 premium over the issue price of Rs 1,960. This marks a
Shares of Bajaj Housing Finance to remain in focus today as the newly listed housing finance company posted reported a 21% year-on-year (YoY) increase in net profit at Rs 545.6 crore for the second quarter that ended September 30, 2024. Bajaj Housing Finance’s Q2FY25 Performance The company posted a 21% year-on-year (YoY) increase in net
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended 26.50 points or 0.11% up at 24,806.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on
The low market share of the BSE in monthly options contracts may limit its potential for gains once the Securities and Exchange Board of India’s (SEBI) new index derivatives trading norms come into effect, according to experts. Brokerage firm Jefferies pointed out that the BSE holds a 10% market share in monthly contracts, which remain
Franklin Templeton India re-entered the debt space with its ultra-short duration fund recently after it abruptly decided to shut down six schemes in March 2020. Rahul Goswami, CIO & MD, India Fixed Income tells FE that while the flows into the fixed income space has been muted, he expects things to improve. Excerpts: What will
Is the charm of equity markets declining? Well, as per the recent AMFI data, the net inflows to equity mutual funds have dropped to 12-month lows, and this is the fourth consecutive month of lower inflows. The April inflows are at Rs 24,269.26 crore, down over 3% from March inflow of Rs 25,082.01 crore. Himanshu
The deal pipeline of technology stocks has been in focus. After a mixed Q4 show, April seems to be rather disappointing for the IT services players. As per the latest report by BNP Paribas, deal-wins have seen a significant slowdown in April compared to March. They further stated that most deal wins were related to
The overall markets are under pressure but there are some pockets with steady rally. While fighter jets and missiles have long dominated the narrative of border clashes, it is India’s drone fleet that is now garnering attention of both the battlefield and the stock market. As military tensions with Pakistan escalated this week, shares of
Prices of real estate in the surrounding areas of Jewar airport in Noida have nearly doubled in the last three years with property developers vying with one another to pick up land parcels. About 390 acres of land near the Noida International airport, along the Yamuna Expressway, has been snapped up in last 12 months, according
Reliance Jio continued to lead the monthly mobile subscriber additions for the second month in a row, registering 2.17 million new users in March, according to the data released by the Telecom Regulatory Authority of India (Trai). Bharti Airtel, country’s second largest telco, added 1.25 million subscribers during the month. After losing 20,720 subscribers in
