News Overview

Power stocks were trading in green, with the S&P BSE Power index rising 77.23 points or 1.72% at 4573.9 at 09:46 IST.

The drug majors consolidated net profit surged 108% to Rs 1,187.6 crore on 6% rise in net sales to Rs 5,215.40 crore in Q1 FY23 over Q1 FY22.

At meeting held on 29 July 2022

SBI Cards’ Gross non-performing assets stood at 2.24% of gross advances as on June 30, 2022, as against 3.91% as on June 30, 2021.

Dr Reddys Laboratories Ltd has lost 6.14% over last one month compared to 4.22% gain in S&P BSE Healthcare index and 8.25% rise in the SENSEX

Post allotment of shares as aforesaid, the company holds 82.52 % of the share capital of COPPL.

Nifty IT soared by 450 points, while Nifty Metal, Auto and Financials jumped more than 1% each.

JMC Projects (India) jumped 5.81% to Rs 82.80 after the company said it secured Buildings & Factories (B&F) projects in India worth Rs 631 crore.

Tata Steel Ltd has added 16.17% over last one month compared to 10.9% gain in S&P BSE Metal index and 8.17% rise in the SENSEX

Sustained weakness in the US dollar coupled with foreign funds resuming buying in Indian shares is expected to keep the Indian rupee supported on Friday. The dollar index is currently down nearly 0.3% below 106 mark while benchmark treasury yields are approaching 2.7%. The Indian rupee appreciated 22 paise to close at 79.69 (provisional) against the US dollar on Thursday. At the interbank forex market, […]