A total of 3,163 shares changed hands on the counter till 10:20AM (IST)
The NSE Nifty index was trading 10.96 points down at 24468.1
The company will acquire 15% in V9 Beverages that markets and sells India’s first distilled non-alcoholic spirit brand Sober Gin, Sober Rum and Sober Whiskey while it has agreed to purchase 25% in Indie Brews and Spirits, the maker of Quaffine, India’s first cold brew coffee liqueur.
Reliance Industries Ltd. has received US approval to import oil from Venezuela despite sanctions, with plans to start soon. Reliance previously accounted for 90% of India's Venezuelan crude imports. The US lifted and then reinstated sanctions; oil companies are seeking permits to continue operations. Venezuelan exports reached a high in June.
A total of 157,936 shares changed hands on the counter till 10:15AM (IST)
The 30-share BSE Sensex was down 123.94 points at 80305.1
Union Budget: Finance Minister Nirmala Sitharaman announced custom duty cuts on gold, silver, diamond, and platinum in the Union Budget 2024, making these precious metals cheaper. The total import duty on gold and silver has been reduced from 15 per cent to 6 per cent, while duties on platinum have been lowered to 6.4 per cent.
Mangalore Refinery And Petrochemicals Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 36094.77 Crore) operating in Gas & Petroleum sector.
According to stockedge.com's technical scan data, five stocks in the Nifty500 pack achieved a 5-year high at the close on July 23, indicating bullish momentum in these stocks.
Maharashtra BJP president Chandrashekhar Bawankule criticised the Congress for their negative remarks on the Union Budget, calling them "nautanki" and accusing them of deceiving voters for 55 years. He defended the Budget's alignment with PM Modi's promises, asserting it will lead to a developed India. Bawankule also warned of potential opposition halting government schemes if they win the state assembly elections. The budget focussed on economic growth and opportunities, with key priorities in agriculture, employment, and skilling.
Jahangir Aziz from JPMorgan criticized India's Budget for its narrow focus on infrastructure and insufficient skilling funds. It positively impacted bonds by lowering borrowing targets but negatively affected equities with higher taxes. No broader growth strategy for private investment or consumption. Key factors include U.S. bond yields, dollar, Trump 2.
A total of 340,293 shares changed hands on the counter till 10:10AM (IST).
The Nifty IT index was trading 0.19 per cent up at 40121.85.
On July 23, six stocks in the Nifty500 pack closed above their 200-day moving averages. Traders often use the 200-day DMA as a crucial indicator to gauge the overall trend of a stock.
On July 23, six stocks in the Nifty500 pack closed above their 200-day moving averages. Traders often use the 200-day DMA as a crucial indicator to gauge the overall trend of a stock.
Proposed tax relief measures for the middle class are expected to increase disposable income and boost discretionary spending, benefiting retailers and FMCG companies. Emphasis on rural economy and job creation will drive consumption, particularly in non-metro markets. Industry experts anticipate a significant increase in demand for FMCG products due to the focus on infrastructure and employment generation in the budget announcements.
Dodla Dairy Ltd. key Products/Revenue Segments include Milk & Milk Products, Sale of services and Scrap for the year ending 31-Mar-2024.
An unidentified terrorist was killed, and a soldier injured in an overnight encounter in Kupwara district, Jammu and Kashmir, the Army reported on Wednesday. Following specific intelligence about terrorist presence in Kowut, Kupwara, a joint search operation by the Indian Army and Jammu and Kashmir Police was initiated. Suspicious movement on Tuesday led to a confrontation where terrorists opened fire, resulting in a gunbattle. "In the ensuing fire fight one terrorist has been eliminated and a NCO injured. Читать дальше...
The stock traded at a P/E multiple of 72.53, while the price-to-book value ratio stood at 11.55.
The Union Budget 2024, while significantly increasing health sector funding to ₹90,959 crore, failed to address the BJP’s poll promise of including senior citizens above 70 in Ayushman Bharat-PMJAY. The budget features customs duty exemptions for three cancer drugs and changes to basic customs duty for X-ray equipment. Reactions from healthcare leaders underscore the budget's focus on improving accessibility and infrastructure. However, the omission of the senior citizens' health cover highlights a key unfulfilled promise... Читать дальше...
Kataria Industries debuted on the NSE SME platform with a 90% premium, opening at Rs 182.4 compared to the IPO price of Rs 96 per share. Pre-listing, shares traded with a Rs 105 premium in the unlisted market. The IPO, offering 56.85 lakh shares, was oversubscribed over 300 times due to robust demand from non-institutional investors. Proceeds will fund plant expansion, debt repayment, and corporate needs.
A total of 35,910 shares changed hands on the counter till 10:00AM (IST).
The 30-share BSE Sensex was down 99.18 points at 80329.86
In the first half of the year, shipping's carbon emissions increased by 6%, with vessels opting for longer routes to avoid Red Sea attacks.
