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Sensex gains 100 points, Nifty maintains 21,650; surge in 2-wheelers

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1:15 PM

Adani Airports may be listed after achieving certain triggers: Jeet Adani

Adani Group may list its airports vertical on the bourses after it achieves a couple of triggers, said Jeet Adani, vice-president, Adani Enterprises Ltd and son of industrialist Gautam Adani. READ MORE

1:02 PM

Result today | TCS likely to report single-digit growth in revenue, net profit in Q3

 CS is expected to report muted constant currency revenue growth of 0.3 per cent from the last quarter due to furloughs offset by the contributions from the BSNL deal. READ MORE

12:44 PM

ALERT :: Allied Digital gets selected as Master System Integrator for Ayodhya Smart City Project

>> Allied Digital Services Limited, a leading Global IT Services and Solutions Provider, has been selected as a Master System Integrator (MSI) for the Integration of CCTV Surveillance with Existing ITMS Control Room for the Ayodhya Smart City Project.

>>  The capital expenditure (CAPEX) and implementation phase is anticipated to last three months, followed by a five-year operational and maintenance (O&M) phase.

Check details here

 

12:30 PM

Kalyani Steels zooms 20% on winning bid for Kamineni Steel & Power assets

In an exchange filing KSL on Wednesday after market hours informed that the company was declared as a successful bidder for acquisition of assets of Kamineni Steel & Power India Private Limited (In Liquidation). READ MORE

12:15 PM

ALERT :: Unichem Labs receives ANDA approval for its Doxazosin Tablets USP

>> It has received ANDA approval for its Doxazosin Tablets USP, 1 mg, 2 mg, 4 mg and 8 mg from the United States Food and Drug Administration (USFDA) to market a generic version of Cardura® (Doxazosin) Tablets, 1 mg, 2 mg, 4 mg and 8 mg, of Viatris Specialty, LLC.

>> Doxazosin tablets are indicated for the treatment of hypertension, to lower blood pressure.

>> The product will be commercialized from Unichem’s Goa Plant.

 

12:01 PM

Institutional investments in Indian real estate fell to 5-year low in 2023

Domestic investors, however, continued to have faith in the sector, with total investments more than doubling to $1.5 billion from $687 million in 2022. The share of domestic investors increased to 35 per cent in 2023 from 14 per cent in 2022. READ MORE

11:47 AM

ALERT :: Indian banking system remains resilient and robust, says RBI Governor, Shaktikanta Das

>> The non-performing asset (NPA) figures remain within acceptable limits

>> However, we observed two or three notable points, including the evident exuberance that was building up

>> Exploring model-based lending

>> Have provided a list to the govt regarding illegal lending apps

>> RBI’s position on cryptocurrency remains unchanged. Travelling down that path will create huge risks.  

>> Expanding wholesale CBDC and exploring the potential for programmable features in retail CBDC

Source: Das is speaking at Mint BFSI Summit

11:33 AM

ALERT :: Ajmera Realty reports 98% YoY surge in Q3 sales

>> Sales Area stood at 1,03,573 sq. ft, up 63% YoY




>> Sales Value stood at Rs 253 crore, up 98% YoY

 


>> Collections stood at Rs 151 crore, up 30% YoY

 

>> Secured a residential redevelopment project; Acquired residential redevelopment project in premium location of Versova in Mumbai, with potential development area of ~90,700 sq.ft. and GDV of ~Rs 360 crore. 

Source: Exchange filing

 

11:19 AM

Result today | Infosys Q3 profit seen falling 7% YoY; wage hikes to erode margins

Revenue is expected to be muted with a yearly growth of just 0.9 per cent to Rs 38,660 crore. This is expected to decline by 0.9 per cent from the last quarter (QoQ). READ MORE

11:03 AM

Stocks of mid, small-sized jewellery cos shine; RBZ, Motisons zoom upto 20%


Shares of mid and small-sized jewellery companies were on a roll Thursday as they rallied up to 20 per cent on the BSE in the intraday trade amid heavy volumes on strong demand.

 

Motisons Jewellers, RBZ Jewellers, Senco Gold, and Goblin India were up in the range of 10 per cent to 20 per cent. Except Senco Gold, the remaining three stocks were locked in their respective upper circuit limits on the BSE with no sellers being seen on these counters. Read

jewellery

10:38 AM

Bitcoin at 21-month-high as US SEC approves Bitcoin ETF from heavyweights

The cryptocurrency market rallied on Thursday as the US Securities and Exchanges Commission (SEC) approved exchange-traded funds (ETFs). After the announcement, Bitcoin briefly touched $47,600, the highest since December 2021, before cooling down to $46,600 for the first time since April 2022. It has gained 1.5 per cent in the last 24 hours. Read

Cryptocurrency, bitcoin, bitcoin etf, US SEC

10:24 AM

View: Bouts of FII, DII selling and buying keeping market range-bound

There is no consistency in FII and DII behaviour so far this month. They are doing alternative bouts of buying and selling, which is restricting the market in a range.

The market needs triggers to break out or breakdown from this range. A probable negative trigger can be a slightly hawkish statement from the Fed postponing the rate cuts, which the market expects to begin by March 2023.

The US CPI inflation data due tonight will provide cues regarding this.


 


The Q3 results season starting today with the results of TCS and Infy will provide indications of the Nifty earnings for FY24. Financials, capital goods, telecom, automobiles and hotels will post good numbers. IT results will be tepid and FMCG will be a mixed bag.

 

More than broad market action, market responses will be stock-specific in response to results and management commentary.


Views by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

9:54 AM

Bank of India gains 2% post Q3 update

Its total business rose 9.9 per cent YoY globally to Rs 12.76 trillion. Total deposits grew 8.66 per cent to Rs 7.10 trillion. In the domestic market, total deposits rose 7.62 per cent to Rs 6 trillion. 

9:44 AM

Aster DM Health in red as IiAS votes against resolution to sell Gulf business

IiAS has recommended an ‘against’ vote on the resolution to sell the Gulf business, saying there is no clarity on how Aster DM will utilise the proceeds that it will obtain by selling the unit, which contributes to bulk of its revenues. 

9:40 AM

Phoenix Mills falls nearly 3% after Q3 business update


The company has reported 30 per cent YoY growth in gross retail collections at Rs 700 crore for the December quarter. Its total consumption jumped 24 per cent YoY to Rs 3,287 crore. 

(The following story may or may not have been edited by NEUSCORP.COM and was generated automatically from a Syndicated Feed. NEUSCORP.COM also bears no responsibility or liability for the content.)

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