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Among sectoral indices, gainers include Nifty PSU Bank, up 1.8% and Nifty Oil & Gas, up 1.7%, while Nifty Media and Metal indices also rose 1.4% each. However, Nifty Private Bank Index dipped 0.66%.
May 08, 2024 / 12:50 pm IST
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Stock Market Today
Moneycontrol.com
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May 08, 2024 / 12:50 PM IST
Stock Market LIVE Updates | Nifty Energy index surges 1.6%, top sectoral gainer
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May 08, 2024 / 12:45 PM IST
Commodity Corner | Brent crude eases further, slips below $82.5 per barrel
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May 08, 2024 / 12:40 PM IST
Sensex Today | PSU banks valuations attractive in an expensive market, says VK Vijayakumar, Chief Investment Strategist at Geojit Services
The sizzle in PSU banks in today’s trading session comes after recent correction. In an expensive market, PSU banks valuations are still at comfortable levels, hence investors’ faith is reinstated. We expect PSU banks to report Q4 results also, with SBI Q4 performance due tomorrow
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May 08, 2024 / 12:35 PM IST
Earnings Watch | Subdued demand, competitive intensity to weigh on Q4 volumes, revenue for Asian Paints
India’s largest paint manufacturer, Asian Paints, will likely report muted earnings for the quarter ended March, as volumes remained subdued amid an ongoing slowdown in overall consumption.
The topline is expected to come in at Rs 9,017 crore for the quarter gone by, according to a Moneycontrol poll of seven brokerages, inching up 2.6 percent on-year from Rs 8,787 crore in the same quarter in the year-ago period.The EBITDA margin will see a marginal uptick of 10 basis points to 21.3 percent YoY, but moderate 130 basis points on a sequential basis from 22.6 percent in the quarter ended December.
Profit after tax will come in around Rs 1,313 crore for the March quarter, up 4.4 percent YoY from Rs 1,258 crore. Read More
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May 08, 2024 / 12:29 PM IST
Sensex Today | IRDAI slaps Rs 1 crore penalty on IPO-bound Go Digit General Insurance
The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of Rs 1 crore on IPO-bound Go Digit General Insurance for non-disclosure of a change in the conversion ratio of compulsorily convertible preference shares (CCPS) issued by its parent company to Fairfax-owned FAL Corporation.
The regulator has previously issued a show cause notice to the firm in the matter.About 63,00,000 CCPS were issued by Go Digit’s holding or parent company—Go Digit Info Works Services (GDISPL)— to Fairfax Group-owned FAL Corporation. Read more
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May 08, 2024 / 12:22 PM IST
Sensex Today | Aadhar Housing Finance Confident in Sustaining 8% NIM: Moneycontrol
#1 Current shareholders not in a hurry to sell large portion of their shareholding
#2 Will be able to maintain NIM of 8% comfortably
#3 Spreads have been healthy in the range of 5-5.7%
#4 Have been able to create a very balanced funding source
#5 25% of our current borrowing comes from NHB; 18-20% comes from NCDs and balance comes from banks
#6 Have seen a decline in opex; Comfortable with 9MFY23 opex level
#7 Have seen an improvement in asset quality in 9MFY23
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May 08, 2024 / 12:19 PM IST
Stock Market LIVE Updates | Indian Coast Guard & JSPL sign MoU for supply of indigenous marine grade steel
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May 08, 2024 / 12:15 PM IST
Stock Market LIVE Updates | IndiGo recovers from lows, stock nearly 3% off lows
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May 08, 2024 / 12:13 PM IST
IPO Watch | Indegene issue subscribed 9.4x, NII portion booked over 25x on day 3 so far
The initial public offering of Indegene continued to receive robust investor interest heading into the final day of bidding on May 8. The issue was subscribed 9.42 times as investors bought 27.19 crore equity shares as against the 2.88 crore shares on offer.Indegene provides digital services for the life sciences industry. They assist with drug development, clinical trials, regulatory submissions, pharmacovigilance, complaints management, and sales/marketing support.Non-institutional investors (high net worth individuals) were at the forefront, picking 25.68 times the reserved portion, followed by qualified institutional buyers or QIBs who bought 5.69 times the part set aside for them. Retail investor portion was booked 4.61 times.
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May 08, 2024 / 12:09 PM IST
Stock Market LIVE Updates | JSW Steel to consider fund raising on May 17
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May 08, 2024 / 12:05 PM IST
Markets @ 12.01PM | Indian Markets Rebound, Sensex Marginally Lower
Indian markets bounced back from morning lows, with the Sensex down 24 points (0.03%) at 73,490, and the Nifty up 6 points (0.03%) at 22,310. Among sectoral indices, gainersinclude Nifty PSU Bank Index (+1.8%) and Nifty Oil & Gas (+1.7%), while Nifty Media and Metal indices rose 1.4% each. However, Nifty Private Bank Index dipped 0.66%.
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May 08, 2024 / 11:54 AM IST
Stock Market LIVE Updates | BSE PSU Index surges 2% or 400 points to hit 19760 points
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May 08, 2024 / 11:49 AM IST
Stock Market LIVE Updates|NTPC has 1 million shares traded in a bunch: Bloomberg
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