Top Market Highlights Of The Day
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Canara Bank’s net profit more than doubled to Rs.1,502 crore| Top Stock market news
Canara Bank’s net profit more than doubled to Rs.1,502 crore for the Dec-21 quarter Canara Bank’s net profit more than doubled to Rs.1,502 crore for the Dec-21 quarter on the back of a sharp rise in net interest income (NII) and lower provisioning in the quarter. Treasury income was impaired by the hardening of yields. NII was up 14.1% at…
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Manyavar ethnic brand, will open its IPO on 04th | Top Stock market news
5-day crash in markets has wiped out nearly Rs.19.50 trillion of investor wealth The 5-day crash in markets has wiped out nearly Rs.19.50 trillion of investor wealth or about $260 billion. The Sensex has now lost close to 4,000 points in the last 5 days of trading. The fall on Monday was the steepest single-day fall in the last 2…
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ICICI Bank reported 25% higher net profits in Q3 | Top Stock market news
Fabindia will raise up to Rs.4,000 crore via IPO Fabindia will raise up to Rs.4,000 crore via IPO, which will include the gifting of 7.75 lakh shares by promoters to farmers and artisans. As per the DRHP, the fresh issue size will be Rs.500 crore while the OFS will be worth Rs.3,500 crore. A total of 250.51 lakh shares will…
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Market Walk
Vedanta to create a $10 Bn fund to bid for BPCL and other assets | Top stock market news
Hindustan Unilever reported 17% higher net profits at Rs.2,243 crore Hindustan Unilever reported 17% higher net profits at Rs.2,243 crore for the Dec-21 quarter. With a 2% growth in volumes, HUL gained market share in rural and urban centres. Operating profits grew at a faster clip than the top line as the operating profit growth was most visible in the…
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Market Walk
Adani Green Energy hits new high | Top stock market news
RJIL pays Rs 30,791 crore for all spectrum acquired before March 21 Reliance Jio has paid Rs.30,791 crore, as prepayment of its entire deferred liabilities for spectrum acquired in auctions before March 2021. This also includes the accrued interest and includes spectrum acquired in 2014, 2015, 2016 and year 2021. Reliance Jio had acquired 585.3 MHz spectrum via auctions and…
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Top Market Highlights Of The Day – Jan 19 , 2022
Delhivery has got SEBI approval to go ahead with its proposed IPO The high profile supply chain company, Delhivery, has got SEBI approval to go ahead with its proposed IPO worth Rs.7,460 crore. The IPO will comprise of a fresh issuance of Rs.5,000 crore and an offer for sale (OFS) of Rs.2,460 crore. Among early investors divesting their stake in…
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Market Walk
Telecom Stake – Who will benefit from government becoming part owners telcos?
The final contours of the telecom stakes are now well known. Bharti will not convert its AGR interest dues into equity while Vodafone Idea and Tata Tele will give the government an equity stake in their companies in lieu of AGR dues. How much government owns? The final stake dilution details are yet to be known, but one can make…
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RBI Policy – It looks like Feb-22 policy will be more of wait and watch
The week saw more hawkish cues from the US Fed as Powell in his testimony to the Senate hinted at 4 rate hikes instead of just 3 hikes. How will this impact RBI policy with most domestic macros out. Inflation is still too high India CPI inflation at 5.59% was sharply higher in Dec-21 compared to Nov-21. This was largely…
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Market Walk
What you must know about Natural Gas Options on MCX?
India’s largest commodity derivatives exchange, MCX, has secured SEBI approval to launch options contract trading on Natural Gas (1,250 MMBTU) futures. These will not be options on the spot commodity but it will be options on futures. To begin with, the MCX will launch 2 contracts on the MCX Natural Gas options. February 2022 contract expiring on 21st February. This…
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Top Market Highlights Of The Day – Jan 17 , 2022
Check out the weekly-wrap video below Stock Market News | Mcx Natural Gas | LIC IPO | Tradeplus Index The Nifty futures were trading around 18,201 level on the Singaporean Exchange at 7:35 IST. US markets ended mixed, while Asian markets are trading mostly higher. Source: Internet Maruti Suzuki has increased prices of its models by up to 4.3%…
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