Major corporates are staring at an uncertain future after investing substantially on their projects
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India's top listed companies reported their best-ever quarterly net profit of Rs 2.39 trillion in the September quarter of FY22, up 46.4 per cent year-on-year. The earnings were driven by a big surge in the profitability of banks, non-banking financial companies & insurance (BFSI), oil & gas, and metal & mining firms. The combined net profit of these three cyclical sectors were up 87 per cent YoY to a record high of Rs 1.53 trillion, up from Rs 82,000 crore a year ago and Rs 1.08 trillion in Q1FY22.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Former Prime Minister Manmohan Singh, Birla and former Coal Secretary P C Parakh were summoned.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Month-end dollar demand from importers resulted in the rupee touching a new all-time low on Wednesday against the dollar.
From India, Reliance Industries is the only one in the overall top-200 list and is followed by HDFC Bank at 209th, ONGC at 220th, Indian Oil at 288th and HDFC Ltd at 332nd place.
Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
The Central Bureau of Investigation has questioned T K A Nair, advisor to Prime Minister Manmohan Singh, in connection with alleged irregularities in allocation of coal blocks, which included granting of a block to Hindalco at Talabira despite it being rejected by a screening committee of the coal ministry.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Aditya Birla Management Corporation has received cash from certain group companies through hawala operators in Delhi, say investigators
The FIR relates to allocation of Talabira II and III coal blocks in 2005.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
The judge summoned Birla as one of the accused in the case.
Rising prices of international coal - both coking and thermal - used in the making of ferrous and non-ferrous metals, respectively, are expected to have an impact on margins of metals companies in July-September quarter (Q2) as steel companies may see margins getting eroded, while the base firms could stand to benefit, said brokerages.
The S&P BSE Sensex has dipped five per cent, thus far, in CY15.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The breakdown of talks between Greece and its international creditors raised fears of Greece's exit from the euro zone.
Ajit Mishra answers reader queries on the stock market.
IT, FMCG and manufacturing sectors are less attractive to foreign portfolio investors
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Stocks of companies having operations and exports to Europe were the top losers.
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
Besides Birla, a number of top industrial houses in the country are facing some probe or the other, ranging from bribery to illegal mining to insider trading.
The Central Bureau of Investigation is likely to file its status report in the coal scam before the Supreme Court on Tuesday stating details of its 14th FIR against Hindalco and others and also progress in the remaining 13 cases.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
Global expansion to drive the company's fortunes
Short selling, also known as shorting or going short, is the practice of selling assets, usually securities, that have been borrowed from a third party (usually a broker) with the intention of buying identical assets back at a later date to return to the lender.
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Crony capitalism will of course generate investment and ensure profit for private capital, but it won't give employment or income to the people. If you can make money by selling coal or speculating in land, why produce electricity, why invest in research and development, why even set up factories, asks Praful Bidwai.
An expectation of tax sops in Budget, weakness of dollar and robust tax collection are adding positive sentiment
In many cases, all that is required is a final letter from the ministry
The overall market breadth was extremely positive as 1,868 stocks advanced while 951 declined.
Hindalco has done very well with Rs 900 crore (Rs 9 billion) of ebidta in June quarter.
Five people were killed and over 50 fell unconscious following a leakage of chlorine gas at an industrial unit in Sonebhadra district Wednesday.
The broader markets outperformed the benchmark indices- BSE Midcap and Smallcap indices gained 0.4% each
The agency filed the report before Special CBI Judge Bharat Parashar and said that it contains a detailed report of investigation being carried out in the case.
The special court has asked the Central Bureau of Investigation if the then coal minister was examined by it in a coal scam case involving Kumar Mangalam Birla and others.
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