Stock Market News Updates

Nestle India reported 14.6% growth in net profit at Rs.602.50 crore for Mar-21 quarter helped along by double-digit growth in domestic sales and lower raw material costs. Net sales revenues...

Cement major, ACC Ltd, reported 74% growth in net profit at Rs.563 crore for the Mar-21 quarter. Consolidated sales revenues for the quarter were up 23% at Rs.4,213 crore in...

FPIs pulled Rs.4,615 crore from Indian equities in Apr-21 month-to-date. The negative sentiments among FPIs was triggered by the COVID resurgence and the stringent restrictions imposed by major states. FPIs...

Wipro reported 27.8% higher net profit of Rs.2,972 crore for the Mar-21 quarter, on the back of better operating margins during the quarter. However, the sequential profits were almost flat....

Aditya Birla Capital has approved the IPO of its AMC business, Aditya Birla Sun Life AMC. This will be the third AMC to list after HDFC AMC, Nippon AMC and...

The Maharashtra state government imposed a 15-day curfew, allowing only essential services to remain open. The state has also announced a simultaneous Rs.5,400 crore package to alleviate the pain of...

CPI inflation for the month of March 2021 came in higher at 5.52% compared to 5.03% in the month of Feb-21. The spike was led by a rise in food...

Four out of the 10 most valuable companies on NSE by market cap added Rs.114,744 crore to total market value last week. Of course, IT continued to dominate the story...

The much-touted IPO of Macrotech Developers has received an extremely tepid response with the issue getting subscribed just about 0.35 times at the end of the second day. The issue...

RBI held repo rates at 4% and also maintained the accommodative stance of monetary policy. While the RBI did warn about inflation risks, the full year inflation estimate for FY22...

The Adani group became the third group in India to cross $100 billion market cap after the Tata group and Reliance. Of course, we are excluding HDFC group since it...

It was a sort of Black Monday as market cap of Rs.216,000 crore evaporated with the Sensex losing 871 points in a single day. The Sensex was down nearly 1300...

Analysts are expecting that due to the sudden surge in COVID-19 cases, the Monetary Policy Committee of the RBI would most likely hold repo rates at 4% and reverse repo...

It was a rally to new highs for the US markets as the S&P 500 crossed the 4,000 mark for the first time on 01 April. IT stocks led the...

In a move that was widely anticipated, the government slashed rates on small savings instruments for the Q1-FY22. For example, the rates on the popular PPF was brought down from...