News Overview

With this allotment, the expanded share capital of the company will be at ~Rs210cr divided into 104,96,83,124 equity shares of Rs2/- each.

APL Apollo Tubes was the top bear plunging over 6%.

Revenue increases to Rs9,717cr, an increase of 3.03% sequentially but a decline of 10.80% yoy.

Vikas Lifecare entered into negotiation, now in defining stage, for obtaining technology transfer for recycling of Crosslinked Poly Ethylene (XLPE) from a Leading European company through Nortech Trinity India Private Limited (a former subsidiary of Norner AS., Norway).

The benchmark indices continued to suffer substantial losses during morning trade, as metal, IT, auto and FMCG scrips dragged the market. The Nifty tumbles below 17,400 level. At 10:30 IST, the barometer index, the S&P BSE Sensex, dropped 680.03 points or 1.15% at 58,357.15. The Nifty 50 index lost 229.25 points or 1.30% at 17,387.90. In the broader market, the S&P BSE Mid-Cap index declined […]

JSW Infrastructure’s 7 year maturity bonds have been assigned Ba2 rating by Moody’s investor services and BB+ by Fitch and are priced competitively at 4.95%.

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

The week starting on 17-Jan began strong but then the markets just dipped vertically after that. There was no real spike in VIX or any such scary indicators. The indices just dipped on the back of selling in heavyweights. The Sensex fell a full 2,272 points in 4 days flat, which is an average fall of 568 points per day. The surprising part is, the markets fell around these levels on all the four days.

The NII category was subscribed 25.61 times.

The 3 segments of the Indian economy that await the Union Budget with bated breath are the salaried class, the small businesses and the pensioners. The focus is on direct tax benefits. Tax exemptions and tax breaks have a direct and salutary impact on investments and consumption.