Small and midcap indices plunge
Mumbai, Jan 23 (SocialNews.XYZ) After a gap up opening of 145 points on the back of positive global cues, Nifty could not hold on to the gains and turned south on Tuesday. Nifty nosedived by…
Market
Sensex down 1,000 points on huge selloff
Mumbai, Jan 23 (SocialNews.XYZ) Domestic equities opened positive on Tuesday, but soon drifted into the red after witnessing huge sell-off amid profit booking. Nifty plunged 333 points (-1.5 per cent) to close at 21,239 levels,…
Mid and smallcaps witness more decline compared to main indices
Mumbai, Jan 23 (SocialNews.XYZ) The market witnessed a continuous decline on Tuesday, abruptly turning negative despite a positive start, mainly due to substantial selling in the heavyweight sectors, particularly finance, said Vinod Nair, Head of…
Zee on the brink of facing multiple legal proceedings
New Delhi, Jan 23 (SocialNews.XYZ) Zee Entertainment Enterprises could see a hit from related penalty/legal proceedings due to its battle with Sony over the non-compete fee, ongoing legal proceedings by various creditors of the Essel…
New Zealand’s employment confidence rises but job prospects dimming
Wellington, Jan 23 (SocialNews.XYZ) Even as New Zealand’s employment confidence rose in the December quarter, job prospects are dimming, a survey said on Tuesday. As per Westpac McDermott Miller Employment Confidence Index (ECI), finding and…
Zee shares now down 30% in a single trading session
New Delhi, Jan 23 (SocialNews.XYZ) Zee Entertainment shares are now down a massive 30 per cent in a single trading session. Zee is trading at Rs 161, down 30 per cent. The lower circuit has…
Real estate, PSU stocks lead slump in broader markets
New Delhi, Jan 23 (SocialNews.XYZ) Real estate and PSU stocks are the biggest losers in trade on Tuesday as the BSE Sensex slumped below the 71k mark. The real estate index is down 4.6 per…
AI won’t take as many jobs as expected: Study
San Francisco, Jan 23 (SocialNews.XYZ) While researchers around the world expect job losses due to artificial intelligence (AI) soon, a new study has said that AI might not take as many jobs as expected. A…
Govt hikes import duty on gold and silver coins, jewellery findings
New Delhi, Jan 23 (SocialNews.XYZ) The government has raised the import duty on gold and silver findings as well as coins of precious metals to 15 per cent, from 10 per cent at present, with…
Colgate-Palmolive logs Q3 PAT of Rs 330.11 cr
Chennai, Jan 23 (SocialNews.XYZ) Fast moving consumer goods (FMCG) company Colgate-Palmolive (India) Ltd closed the third quarter of FY 24 with an after tax profit of Rs 330.11 crore. In a regulatory filing, the company…
Zee shares plunge 25% at lower circuit
New Delhi, Jan 23 (SocialNews.XYZ) Zee Entertainment shares were down a massive 25 per cent on Tuesday. Zee was trading at Rs 173.85, down 25 per cent at the lower circuit. After more than two…
Sensex down more than 500 points led by banks
New Delhi, Jan 23 (SocialNews.XYZ) BSE Sensex has now slumped more than 500 points on Tuesday with banks leading the fall. BSE Sensex is trading at 70,855.44 points, down 568.21 points or 0.80 per cent….
Sri Lankan central bank keeps policy rates unchanged to control inflation
Colombo, Jan 23 (SocialNews.XYZ) The Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate at their current levels of 9 per cent and…
Railway stocks down up to 9%
New Delhi, Jan 23 (SocialNews.XYZ) Railway stocks are sharply down in trade on Tuesday after a recent run up. Railtel is down 9.5 per cent at Rs 401.40 on BSE. Ircon is down 9.4 per…
Zensar Technologies posts 110% jump in net profit for Oct-Dec quarter
Mumbai, Jan 22 (SocialNews.XYZ) Zensar Technologies reported a 110 per cent increase in net profit to Rs 161 crore for the Oct-Dec quarter of the current financial year compared to the same quarter of the…
Coal import by power plants declines 40.66% in April-Dec as local production rises
New Delhi, Jan 22 (SocialNews.XYZ) The country’s power generation based on domestic coal increased by 7.14 per cent to 872 billion units during April-December of the current financial year, compared to 813.9 billion units generated…
Tamilnad Mercantile Bank logs Rs 284 crore PAT for Q3
Chennai, Jan 22 (SocialNews.XYZ) Tamilnad Mercantile Bank (TMB) closed the third quarter of FY24 with a higher net profit of Rs 284.23 crore. In a regulatory filing on Monday, TMB said for the quarter ended…
Morgan Stanley prefers Japan & India equities versus overall emerging markets
New Delhi, Jan 22 (SocialNews.XYZ) Foreign brokerage, Morgan Stanley said in a report that it continues to prefer Japan and India versus overall emerging markets (EM) and China this year. MSCI EM has remained weak…
Short-term trend of Nifty remains choppy
New Delhi, Jan 21 (SocialNews.XYZ) Nifty ended the extended week with a fall of 1.47 per cent to close at 21,571.80, said Devarsh Vakil, Deputy Head Retail Research, HDFC Securities. Nifty mid-cap 100 Index managed…
Farm sector to get Interim Budget boost for food security, inclusive growth
New Delhi, Jan 21 (SocialNews.XYZ) The Interim Budget to be presented by Finance Minister Nirmala Sitharaman on February 1 will aim to give a major boost to the agricultural sector in order to enhance the…