The stock prices of the major sugar companies have not been impacted much by the recent government’s decision to restrict sugar exports beyond October 31, presumably because the decision was largely anticipated by the investors.
The stock prices of Triveni Engineering and Industries rose by 1.61% to Rs 387.97 on Friday against Rs 381.8 on October 6. However, shares of Balampur Chini, Shree Renuka Sugar and Dhampur Sugar, declined by 1.77%, 2.69% and 4.72% respectively in the last fortnight.
The Indian Sugar Mills Association (ISMA) had earlier indicated a possible fall in output because of scanty rains in Maharashtra and Karnataka in August have likely hit yield.
Berger Paints Q1 Results: Profit drops to Rs 353.56 crore; co. says quarter was tough due…
Interarch Building IPO Day 2: Interarch Building Services was subscribed to a total of 6.25 times more than the offered shares on the second day of the IPO. On the first day of the IPO, it was subscribed over 3 times. The retail segment was fully booked on the first day itself getting subscribed 2.8 times.
GMP
The shares of Interarch Building were fetching a premium of almost 38% in the grey market. An illegal place where shares trade ahead of listing. Investors take cues from GMP to track listing gains.
IPO Details
The company wanted to collect a total of Rs 600.29 crore through a combination of fresh shares worth Rs 200 crore. And an offer for sale of Rs 400.29 crore by offloading 4.4 million s…
Stocks in Focus: GIFT Nifty traded up 468 points or 2.30% at 20,821, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 soared 418.90 points or 2.07% to settle at a record high of 20,686.80, while the BSE Sensex jumped 1383.93 points or 2.05% to 68,863.93.
“Indian equities celebrated BJP’s sweeping victory in the three states by rallying more than 400 points to hit fresh high of 20,702 levels. The outcome was overwhelmingly in favour of the incumbent BJP, strong macroeconomic data and easing global interest rate expectations boosted the market momentum. Nifty has rallied by 1865 points or 10% from its low of 18,837 made in October 23. We expect market sentiment …
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Monday. Here is all you need to know before the market opens.
GIFT Nifty traded up by 41 points or 0.18% at 22,290 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously, on Friday, the NSE Nifty 50 ended down by just 4.75 points or 0.02% to settle at 22,212.70, while the BSE Sensex dropped only 15.44 points or 0.02% to 73,142.80.
“Markets took a breather on Friday and ended almost unchanged amid mixed cues. After the flat start, Nifty hovered in a narrow range till the end and finally settled at 22,212.70 levels. Meanwhile, a mixed trend on the sectoral front kept the traders occupied wherein realty a…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key things to know before the market opens.
GIFT Nifty traded up by 82.50 points or 0.35% at 23,451.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended up by 58.10 points or 0.25% to settle at 23,322.95 while the BSE Sensex jumped 149.98 points or 0.20% to 76,606.57.
“For the third consecutive day, markets remained within a narrow range and ended with slight gains. Following an initial uptick, Nifty rose during the early hours but gains were trimmed due to profit-taking in select heavyweights. It ultimately settled at 23,322.95, u…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a muted opening on Friday. Here’s a look at things to know before markets open today.
GIFT Nifty traded down by 42 points or 0.17% at 24,817 indicating a muted opening for domestic indices NSE Nifty 50 and BSE Sensex on Friday. Previously, on Thursday, the NSE Nifty 50 ended up by 41.30 points or 0.17% to settle at 24,811.50. while the BSE Sensex jumped 147.89 points or 0.18% to 81,053.19.
“Markets ended slightly higher in a lackluster session, pausing after the recent rally. Following an initial uptick, the Nifty traded within a narrow range and closed at 24,811. Sectors like metals, FMCG, and banking supported the positive sentiment, while energy and IT remained subd…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 might see a subdued opening on Thursday. Here is all you need to know before the market opens.
GIFT Nifty was up 7 points, or 0.03%, at 23,521.50 indicating a muted start for the domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 closed 42 points or 0.18% lower to finish at 23,516, while the BSE Sensex gained 36 points or 0.05% to finish at 77,338.
Key things to know before share market opens on June 20, 2024
Wall Street
The Wall Street or US markets were closed on Wednesday on account of the Juneteenth holiday. It closed a record high on Tuesday as Nvidia’s shares were on a w…
The White House is cracking down on so-called “junk” fees from banks, airlines, cable companies, and other entities.
These are surprise costs added to consumer bills, and they’re some of the most frustrating for unsuspecting consumers. Charges range from bounced check and overdraft fees levied by banks, to hidden fees consumers are forced to pay for cable, internet, flights, hotel rooms, concert tickets, and more. President Joe Biden said the new initiatives will save consumers over $1 billion annually and provide “a little breathing room” for American families after months of steep inflation.
The changes were announced last week as part of a continued push by the Biden administration to highlight its efforts to lower the cost of living. “…
The tech industry is currently embroiled in a heated debate over the future of AI: should powerful systems be open-source and freely accessible, or closed and tightly monitored for dangers?
On Tuesday, Meta CEO Mark Zuckerberg fired a salvo into this ongoing battle, publishing not just a new series of powerful AI models, but also a manifesto forcefully advocating for the open-source approach. The document, which was widely praised by venture capitalists and tech leaders like Elon Musk and Jack Dorsey, serves as both a philosophical treatise and a rallying cry for proponents of open-source AI development. It arrives as intensifying global efforts to regulate AI have galvanized resistance from open-source advocates, who see some of those potential laws as threats to innovation and a…
Meta’s new text-based conversation platform Threads launched with a bang earlier this month, surpassing 100 million sign-ups less than a week after it became available to the public on July 5.
But soon after the app—seen as a direct threat to Twitter, which recently became X— was released, users on Twitter began posting screenshots of Threads’ privacy policy published on Apple’s App store. Some pointed out the app’s terms of service give Meta permission to collect a trove of data, including information on user’s health, financial information, location, search history.
Data privacy experts say that, though this level of data collection is not unique to Threads, users do risk handing over even more personal information to a company that already knows a lot…