Equity benchmark indices Sensex and Nifty experienced a significant decline, primarily driven by a selloff in IT stocks due to concerns about AI disruption and renewed worries over global trade.
Tata Steel on Wednesday reported Rs 916.77 crore (Rs 9.16 billion) consolidated net profit for the July-September quarter of the current fiscal on higher income.
From the 30-Sensex firms, Larsen & Toubro, Tech Mahindra, Tata Consultancy Services, Reliance Industries, Tata Steel, and Trent were among the biggest laggards. On the other hand, Eternal, ICICI Bank, Bajaj Finance, and Bharat Electronics were the gainers.
From the 30-Sensex firms, Maruti, Power Grid, Tata Motors Passenger Vehicles, HDFC Bank, Asian Paints and Tata Steel were among the biggest laggards. However, Titan, HCL Tech, Tech Mahindra, Infosys and Tata Consultancy Services were among the gainers.
The CAG report had alleged the government had passed on financial gains of Rs 1.86 lakh crore to private companies by not auctioning the coal blocks.
Indian equity investors experienced a significant loss of 16.32 lakh crore due to a two-day stock market decline fueled by escalating geopolitical tensions involving the US, Israel, and Iran.
Anand did not quite re-work his energy and lost to Carlsen in the first game of the third day and then made a draw with compatriot Vidit Gujrathi.
Tata Steel said on Tuesday its Board will meet on April 17 to discuss plans for funding the $12 billion acquisition of Anglo-Dutch firm Corus Group Plc.
Tata Steel Vice-Chairman B Muthuraman has asked a member of British Parliament not to be "over-critical" about the company's strategy in dealing with problems in Corus.
Britain's traditionally anti-EU media have blamed Brussels for preventing London from taking greater steps to protect the industry.
From the 30-Sensex firms, Eternal, Infosys, Asian Paints, UltraTech Cement, Bajaj Finance, HCL Tech and Titan were among the biggest laggards. However, Tata Steel, Mahindra & Mahindra, Bajaj Finserv and Axis Bank were among the biggest gainers.
From the 30-Sensex firms, Tata Steel, Kotak Mahindra Bank, Reliance Industries, Axis Bank, Titan and Trent were among the biggest gainers. However, Tata Consultancy Services, Tech Mahindra, Infosys, Bajaj Finance and Sun Pharma, were the laggards.
While the maximum bonus will be Rs 130,463, the minimum will be Rs 26,610.
The profit of the company before exceptional item and tax stood at Rs 1,302 crore (Rs 13.02 billion), from Rs 1,398 crore (Rs 13.98 billion).
From the 30-Sensex firms, HDFC Bank, Infosys, HCL Tech, Bajaj Finance, Tata Consultancy Services and Reliance Industries were among the biggest laggards. In contrast, Bharat Electronics, Hindustan Unilever, Tata Steel and UltraTech Cement were among the gainers.
The company, in a notice to shareholders, said it would come out with a rights issue of ordinary shares and cumulative convertible preference shares, besides issue of securities in the domestic or international markets.
Stock markets rebounded on Friday with the benchmark Sensex closing higher by 316 points after heavy buying in banking and metal shares amid optimism over trade deal progresses and India's participation in Pax Silica.
Among Sensex firms, Sun Pharma, Tata Steel, Power Grid, Asian Paints, NTPC and Bharti Airtel were the biggest laggards. Tata Consultancy Services, Tech Mahindra, Infosys, Adani Ports, Axis Bank and HCL Tech were among the gainers.
Indian grandmaster Viswanathan Anand played out a draw againt Peter Svidler of Russia in the eighth round of Tata Steel Masters underway, in Wijk Aan Zee, The Netherlands, on Sunday.
Broader markets outperformed benchmark indices with BSE Midcap and BSE Smallcap up 0.5% and 0.6%.
The Sensex opened with a positive gap of 130 points at 16,611. It finally ended with a gain of 258 points at 16,739. The NSE Nifty gained 79 points to close at 5,037. Tata Steel soared 8.6% to Rs 777. Jaiprakash Associates surged 7.3% to Rs 233. Reliance Communications rallied 5.5% to Rs 559. Ranbaxy and Bharti Airtel moved up nearly 4% each to Rs 499 and Rs 854, respectively. HDFC Bank, SBI and ICICI Bank advanced 3.5% each to Rs 1,445, Rs 1,741 and Rs 864, respectively.
World Champion D Gukesh lost to Nodirbek Abdusattorov at the Prague International Chess Festival after blundering from a strong position.
After dropping to a low of 16,726 in noon deals on profit-taking, the Sensex finally ended with a gain of 341 points at 16,949. The NSE Nifty moved up 91 points to 4,929. The BSE market breadth was fairly negative - out of 2,741 stocks traded, 1,909 declined, 798 advanced and 34 were unchanged on Wednesday.
The Sensex opened with a negative gap of 268 points
World champion Viswanathan Anand played out an easy draw with Grandmaster Peter Leko of Hungary to remain second after the ninth round of the Tata Steel Chess tournament in Wijk Aan Zee, The Netherlands.
World champion Viswanathan Anand played out an easy draw with Grandmaster Peter Leko of Hungary in the ninth round of Tata Steel Chess tournament, in Wijk Aan Zee on Tuesday.
World Champion Viswanathan Anand scored an emphatic victory over world number two Levon Aronian of Armenia to jump to joint lead with two others after the fourth round of the Tata Steel chess tournament, at Wijk Aan Zee, The Netherlands, on Wednesday.
Benchmark BSE Sensex fell 558 points on Thursday amid heavy selling in IT shares, as concerns over AI-led disruptions and waning hopes of a Fed rate cut after firm US economic data weighed on investor sentiment.
Indian Grandmaster Aravindh Chithambaram defeated Jorden van Foreest, while world champion D Gukesh drew against Vincent Keymer at the Prague International chess festival.
Alireza Firouzja remained in joint lead with Caruana on 5.5 points and these two are now ahead of Wesley So of United States and Jorden Van Foreest of Holland.
Flat steel products are used by consumer durable industries and the automobile sector, while the long steel products are consumed primarily by the construction industry.
From setting up cutting-edge facilities to cater to the domestic market and building capabilities of global standards, the action is building up.
Benchmark indices Sensex and Nifty ended lower on Thursday, snapping a three-day rally, amid a weak trend in global stock markets.
Rahul Ganapathy and Ashok Kumar's teams finished second and third respectively.\n\n
Aravindh Chithambaram defeated D Gukesh at the Prague International Chess Festival, while Jorden van Foreest maintains his lead in the tournament.
From the Sensex firms, Tata Steel tanked the most by 4.57 per cent. ICICI Bank, Power Grid, HCL Tech, Tech Mahindra, Infosys and Kotak Mahindra Bank were also among the laggards. Mahindra & Mahindra, State Bank of India, ITC and Bharat Electronics were among the gainers.
Anand needs to finish in a minimum sixth place in Kolkata, in order to qualify for the grand finale
Tata Sons' dividend from Tata group companies for last financial year is expected to show a decline of 3.5 per cent to Rs 36,514 crore from Rs 37,832 crore a year earlier. This should be the first year-on-year decline in Tata Sons' dividend in the last nine years. The holding company had last reported a decline in FY16, when its proceeds had gone down 42.5 per cent to Rs 6,898 crore from Rs 11,993 crore a year earlier.
From the Sensex firms, Mahindra & Mahindra, Maruti, Adani Ports, Bajaj Finserv, Titan, and HDFC Bank were among the major laggards. However, Hindustan Unilever, Trent, HCL Tech, Asian Paints, and Tata Steel were among the gainers.
