Auto, consumer companies could shine in Diwali run
Among sectors, the Nifty Auto index has been the best and the most consistent performer in this period. It gained in all 10 years.
FPIs dump power, construction shares in October
Power stocks saw the highest outflows in the period between October 1 and 15 worth ₹2,069 crore, after witnessing foreign investors’ selling to the tune of ₹9,731 crore in September. The sector had received flows between January and September.
Indices slump near 1%, take losing streak to 5th day
NSE’s Nifty fell 159 points or 0.83% to close at 19,122. BSE’s Sensex declined 522 points or 0.81% to end at 64,049. Both indices fell about 2.7% in past five days.
Axis Bank Q2 net profit rises 10% to Rs 5,864 crore
“With the upcoming festivities, we are already seeing a surge in demand, which augurs well for business,” said Amitabh Chaudhry, managing director, Axis Bank. “We are looking at steady growth for all major business verticals of the bank.”
Supreme Court hauls up Sebi over show-cause after 10-year probe
The Supreme Court has criticized the Securities and Exchange Board of India (Sebi) for issuing a show cause notice to a company ten years after conducting an investigation. The case involves the alleged misuse of funds raised through preferential allotment of shares by Alps Motor Finance. The court has directed Sebi to hold an inquiry […]