Page 372 - Markets

Infosys Q2FY24 result: Net profit rises to Rs 6,212 crore; revenue up 6.7%

Infosys Q2FY24 result: The company also declared an interim dividend of Rs 18 per equity share

Sensex, Nifty snap 2-day winning run as IT stocks dip post weak Q2 of TCS

Closing Bell on Thursday, October 12, 2023:Infosys and Tech M were the worst hit on the 50-share index, dropping nearly 3 per cent each, followed by Apollo Hospitals, TCS, HCL Tech, LTIMindtree, Wipro

Stock of this iron & steel company has zoomed over 1,000% since April

In the month of July, the stock price of Jai Balaji Industries more than doubled, zooming 106 per cent. Besides it has gained 74 per cent in August and 61 per cent in September.

Laxmi Organic dips 5% after raising Rs 259 crore via QIP issue

The fund raising committee, at its meeting held on October 10, 2023, approved the allotment of 9.63 million equity shares of face value of Rs 2 at an issue price of Rs 269.20 per share

MOIL soars 12%, hits over 10-yr high after Quant MF buys 1.1 million shares

On October 11, Quant MF Gilt Fund has purchased 1.1 million equity shares, representing 0.54 per cent of total equity of MOIL, via block deal on the NSE, the exchange data shows

Sebi extends time for investment advisers to comply with qualification rule

Capital markets regulator Sebi on Wednesday extended the timeline by two years till September 2025 for compliance with enhanced qualification and experience requirements for investment advisers. At present, individual investment advisers, principal officers of non-individual investment advisers, and persons with investment advisers and associated with the work, were required to comply with enhanced qualification and experience requirements by September 30, 2023. "Based on representations received from various stakeholders and in view of the emerging landscape of the domain of investment advice... it is now specified that the timeline to comply with the enhanced qualification and experience requirements.. is extended to September 30, 2025," Sebi said on a circular. BSE Administration & Supervision Ltd (BASL), a wholly-owned subsidiary of BSE, has been directed to bring the provisions of this circular to the notice of its members and also disseminate the same on its website. The ...

Sebi resolves over 3,700 complaints through SCORES in September

Sebi has disposed of 3,705 complaints against companies and market intermediaries through its online grievance redressal system SCORES in September, according to the data released by the regulator. As many as 17 complaints were pending for more than three months on SCORES as of September end, involving 12 entities such as Principal Mutual Fund and JM Financial Ltd. SCORES is a platform that allows investors to lodge their complaints online with Sebi related to the securities market against companies, intermediaries, and market infrastructure institutions. At the beginning of September, there were 4,707 complaints pending and 4,276 fresh complaints were received, as per the data released by Sebi on Tuesday. The regulator said that it had 5,259 pending actionable complaints as of September end, excluding 19 complaints that were under regulatory actions or legal proceedings. Further, Sebi noted that it had received 219 reviews of complaints. A complainant can request a review within

TCS Q2FY24 result: Net profit up 8.7%; buyback worth Rs 17,000 cr announced

TCS also announced a dividend of Rs 9 per share. The record date will October 9, 2023 and the payment date is November 7, 2023

Indian shares extend gains as US rate woes ease, TCS results eyed

The NSE Nifty 50 index settled 0.62% higher at 19,811.35, while the S&P BSE Sensex rose 0.60% to 66,473.05

Sensex leaps 394 pts, Nifty ends at 19,811; Auto stocks gain most, PSBs dip

Stock market highlights on Wednesday, October 11: The BSE Sensex closed 394 points higher at 66,473 after easing from the day's high of 66,592. The NSE Nifty ended at 19,811, up 120 points

HCLTech Q2 preview: ASAP deal to aid revenue growth; guidance revision eyed

HCL Tech Q2FY24 results preview: HCL Tech may post a 7 per cent yearly profit growth to Rs 3,739 crore, as per an average of six brokerage estimates, while revenue is pegged to rise 8.8 per cent YoY

Stocks to Watch: Titan, Bank of Baroda, MCX, Birla Corp, TCS, REC, PFC

Stocks to watch on October 11, 2023: MCX said it will go live on the new commodity derivative trading platform from October 16, after a mock session on October 15

Sensex rallies 567 pts, Nifty nears 19,700; Realty index leaps 4%

Closing Bell on Tuesday, October 10, 2023: Sectorally, the Nifty Realty index jumped close to 4 per cent, while the Nifty PSU Bank and Metal indices added over 2 per cent each

Sebi extends timeline for confirmation or denial of market rumours

To streamline disclosure requirements, Sebi has notified new rules and extended the deadlines for mandatory confirmation or denial of market rumours by listed companies. This came after Securities and Exchange Board of India (Sebi), through a circular in late September, gave more time to listed companies to comply with the deadlines. The deadline to confirm, deny, or clarify any market rumour reported in the mainstream media has been extended to February 1, 2024 for top 100 listed companies by market capitalisation, as per the circular. Earlier, it was scheduled to come into force from October 1, this year. Similarly, for top 250 listed entities, the rule will kick in on August 1, 2024, instead of April 1, 2024. To give this effect, the regulator has amended the Listing Obligations and Disclosure Requirements (LODR) rules, according to a gazette notification issued on Monday. The rule is aimed at strengthening the corporate governance of listed entities, it said. Under the discl

TMS Ep538: Fiscal balance, Ceat's Arnab Banerjee, glacial lake outburst

Will polls pose a danger to India's fiscal balance? What is Arnab Banerjee's view on Ceat's quality management? How will Israel-Hamas war impact markets? What is glacial lake outburst? Answers here

Israel-Hamas war spooks markets; Sensex plunges 483 pts, Nifty nears 19,500

Closing Bell on Monday, October 09: Brent crude oil prices were up 3.5 per cent at $87.5 per barrel as Israel-Hamas war intensified

SaaS major Zoho sees strong traction for its collaboration platform Cliq

These declarations were made during Zoholics India, the company's annual user conference in Bengaluru

MCX gains 5%, hits record high on Sebi's nod to launch new trading platform

Approval from regulator remains positive for MCX as it will enable the launch of more products

Stock of this industrial products company has zoomed 293% so far in 2023

Shares of Kaynes Technology India hit a new high of Rs 2,954.20 on rallying 16 per cent on the BSE in Monday's intra-day trade

TCS hits 52-week high, gains 1% in weak market on share buyback plan

Sharekhan believes, despite the challenging environment, TCS is well placed to grab cost takeout as well as digital transformation programs along with opportunities from vendor consolidation