Hero MotoCorp’s (HMCL) exceeded expectations in Q1FY24, with EBITDAM up 250bps y-o-y/ 70bps q-o-q at 13.8%, beating the consensus of 13.2%. Lower commodity costs, price hikes, and cost-saving measures led to ICE business margins returning to FY19 levels of 14.5%. Despite the growing EV market, HMCL aims to maintain strong margins of 14-16%, focusing on […]
Share Market Highlights: Nifty settles above 19810, Sensex over 66420; Bank Nifty adds over 180 pointsShare Market Highlights: Nifty settles above 19810, Sensex over 66420; Bank Nifty adds over 180 points
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The benchmark domestic indices ended Tuesday’s trading session in the positive territory.The NSE Nifty 50 gained 0.40% to settle at 19,811.50, while BSE Sensex added 261.16 or 0.39% to 66,428.09. Smallcap and Midcap stocks led the gains among the broader indices. The Bank Nifty index […]
Monsoon hits Delhi-NCR! People wake up to cooler temperatures, water-logged roads- See PhotosMonsoon hits Delhi-NCR! People wake up to cooler temperatures, water-logged roads- See Photos
1/9 Monsoon came and with it came a breeze of relief for the people of Delhi-NCR as they woke up to cooler temperatures. The heavy rainfall led to the India Meteorological Department (IMD) issuing an ‘orange’ alert for the city. The alert hints at the possibility of traffic and waterlogging in the city. Several parts of […]
FII, DII data: FPIs purchased shares worth Rs 317 cr, DIIs sold shares worth Rs 102 cr on October 13, FridayFII, DII data: FPIs purchased shares worth Rs 317 cr, DIIs sold shares worth Rs 102 cr on October 13, Friday
Foreign institutional investors (FII) purchased shares worth net Rs 317.01 crore, while domestic institutional investors (DII) sold shares worth net Rs 102.88 crore on October 13, 2023, according to the provisional data available on the NSE. For the month till October 13 2023, FIIs sold shares worth net Rs 10,612.64 crore while DIIs bought shares […]
IPO irregularities: Sebi initiates third tranche of distribution of disgorged amount to 2.58 lakh investorsIPO irregularities: Sebi initiates third tranche of distribution of disgorged amount to 2.58 lakh investors
Capital markets regulator Sebi on Thursday said it has initiated the third tranche of distribution of nearly Rs 15 crore to 2.58 lakh investors from the disgorged amount in the matter of IPO irregularities observed during 2003-2005. The regulator has already distributed Rs 23.28 crore in April 2010 and Rs 18.06 crore in December 2015, […]
Closing Bell: Nifty closes above 19550, Sensex near 66k, gain for 3rd session; Nifty Midcap 100 hits new highClosing Bell: Nifty closes above 19550, Sensex near 66k, gain for 3rd session; Nifty Midcap 100 hits new high
Market Closing Bell: Indian equity indices NSE Nifty 50 and BSE Sensex closed in the green on Tuesday, extending the two-day gaining streak. Nifty 50 ended at 19,574.90, adding 0.24% while Sensex rose 150 points to close at 65,780.26. The broader markets closed largely in the green, with Nifty Midcap adding over 1%, while Nifty […]
FIIs remain net seller amidst rising US yields, dollar; flows expected to remain choppy in near-termFIIs remain net seller amidst rising US yields, dollar; flows expected to remain choppy in near-term
Foreign institutional investors (FII) offloaded shares worth net Rs 224.22 crore, while domestic institutional investors (DII) purchased shares worth net Rs 1,150.15 crore on September 8, 2023, according to the provisional data available on the NSE. “Even as domestic equity markets defied weak global cues to post solid gains last week, foreign institutional investors shunned […]
ED raids premises linked to Jharkhand CM Hemant Soren in ‘illegal’ mining caseED raids premises linked to Jharkhand CM Hemant Soren in ‘illegal’ mining case
The Enforcement Directorate (ED) on Wednesday carried out extensive searches at multiple locations in Jharkhand, targeting key figures, including the press advisor to Jharkhand’s Chief Minister Hemant Soren, officials from Sahibganj district, and a former MLA. The raids are part of an ongoing money laundering investigation related to alleged illegal mining activities within the state. […]
Sebi plans to bring follow-on offer rules for REITs, InvITsSebi plans to bring follow-on offer rules for REITs, InvITs
To develop the market for emerging investment instruments, Sebi is looking to bring in norms for follow-on offers by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). REITs and InvITs were introduced in India to provide investors with an opportunity to gain exposure to real estate and infrastructure projects respectively, with diversification of […]
Malabar Gold to consider IPO post FY25Malabar Gold to consider IPO post FY25
By Swastika MukhopadhyayMalabar Gold & Diamonds, the flagship company of Malabar Group, is in the process of expanding its presence pan-India as well as in international markets along with a focus on consolidation of its own companies. The company will take a call on initial public offer (IPO) tentatively after FY25, its management said on […]