News Overview

The Index was trading higher with heavyweights rebounded from previous free fall session post Union Budget announcements.

Extension of the Emergency Credit Line Guarantee Scheme until March 2023 is a welcome move to infuse further liquidity in the MSME sector.

Here is the stock market performance at 10:30 AM today.

Its revenue for the quarter ended December 2021 stood at Rs 1,007.18 crore as against Rs 641.74 crore for the previous corresponding quarter, registering a growth of 57% YoY.

The business is being acquired by Pravartaka from Pioneer, one of the leading injection molding toolmaker and injection molding components maker.

The fiscal deficit target of 6.4 per cent, prima facie, suggests that the FM has grabbed some much-needed fiscal space to nurture the nascent recovery

Companies like Adani Green Energy, Dabur India, Jubilant FoodWorks, Mahindra & Mahindra Financial Services, Blue Star and Tata Consumer Products were also among key earnings.

A broad-based buying spree was witnessed across sectoral indices with Banking stocks emerging as top bulls followed by consumer durables.

The vaccine will be priced at Rs265 per dose and the applicator being offered at Rs93 per dose excluding GST.

The company sees a significant reduction in Credit Costs and improvement in Asset Quality during the quarter.