Tag "Sensex"

The Dalal Streel remains in a bullish mode as benchmark indices ended another session at record closing high on Friday, taking weekly gains to 919 points on the Sensex. Encouraging earnings (which so far met analyst expectations), gradual boost through

3:25 pm ICICI Prudential Life up 4% post earnings: ICICI Prudential Life said profit in Q3 grew by 0.5 percent to Rs 452.1 crore against Rs 450 crore reported in year-ago. Net premium income jumped 19.3 percent to Rs 6,795 crore from Rs 5,697 crore

11:33 am Acquisition: Drug firm Torrent Pharmaceuticals shares gained more than 1 percent intraday after it has acquired US-based generic pharmaceuticals and OTC firm Bio-Pharm Inc for an undisclosed amount. To date, Bio-Pharm Inc has 10 approved abbreviated new drug applications

10:15 am Earnings Estimates: Private sector lender Kotak Mahindra Bank’s third quarter (October-December) standalone profit is seen rising 21 percent to Rs 1,064.2 crore, compared to Rs 879.8 crore in year-ago. The Street is anticipating highest NII growth rate in last few

1:31 pm Economic growth prospects: India Ratings and Research today projected the country’s economic growth to improve to 7.1 per cent next fiscal from 6.5 per cent this year, buoyed by robust consumption demand and low commodity prices. In its

12:10 pm Market Check: Benchmarks may be off the day’s highs, but are still trading on a good note. The Sensex is up 355.30 points or 1.01% at 35437.12, and the Nifty up 76.10 points or 0.71% at 10864.60. The

11:18 am IPO Update: Software products firm, Newgen’s initial public offering (IPO) was oversubscribed over 1 times on Thursday, the last day of the issue. The issue was subscribed 70 percent on Wednesday. The IPO, which aims to raise Rs 425

12:10 pm Earnings Estimates: FMCG major Hindustan Unilever is expected to announce a great set of results today due to demonetisation base, GST restocking, nation-wide launch of Ayush and international parent’s cost cutting focus. Profit after tax is seen rising 11.4

11:30 am Results Today: Hindustan Unilever, Adani Power, Adani Transmission, Bharti Infratel, CSL Finance, DCB Bank, Gloster, Jubilant Life Sciences, Jyothy Laboratories, MindTree, Sterlite Technologies, Tata Sponge Iron, Thirumalai Chemicals, Zee Entertainment Enterprises and SREI Infra will announce their December quarter

1:20 pm Rupee update: Weakness is seen in the rupee as it has touched a multi-week low on the back of concerns of widening trade deficit. The trade deficit has hit a 37-month high touching nearly USD 15 billion in