NSE Clearing fails to meet liquidity norms; report Rs 176.65-cr shortfall amid pending dues from BSE
NSE Clearing Ltd, the clearing house of the National Stock Exchange (NSE), has failed to meet the capital markets regulator Sebi’s mandated liquidity requirements, citing the non-payment of dues by rival BSE as the primary reason for the shortfall.
Tech View: Nifty eyes 24,050 as next target; support at 23,550 from put writing. How to trade on Thursday
Tech view: Rupak De of LKP Securities noted that the Nifty could move towards 24,050 in the near term, with support at 23,500, where maximum put writing is visible. Open interest (OI) data shows the highest OI on the call side at 23,800 and 23,750 strike prices, while the highest OI on the put side […]
Hero MotoCorp Q3 preview: Marginal bump in profit, revenue expected despite flat volumes
Hero MotoCorp expects a slight rise in profit and revenues for Q3 despite stagnant volumes, primarily due to improved product mix and higher average selling prices. Revenue is projected to increase by 3% YoY, while PAT is expected to rise 2% YoY. EBITDA margins are anticipated to improve YoY but decline QoQ due to lower […]
Market Wrap: Consumer stocks drag D-Street lower; Sensex sheds 312 pts, Nifty below 23,700
Indian benchmarks indices ended lower on Wednesday, as advances in heavyweight financials and oil and gas firms were offset by losses in consumer stocks. Investors stayed cautious ahead of the Reserve Bank of India’s three-day monetary policy meeting, which commenced today, with expectations of an impending rate cut.
Despite rising crude prices and falling rupee, don’t expect too much inflation in Q4: Amit Syngle, Asian Paints
Amit Syngle, MD & CEO of Asian Paints, highlights the competitive environment with new market entrants and challenges like fluctuating crude oil prices affecting the industry. Asian Paints is launching new products, including an eco-friendly Ultima Suprema and a long-lasting waterproofing product, SmartCare Infinia, while keeping an eye on both demand recovery and material costs.
Nestle India, Cochin Shipyard among top 10 stocks that LIC bought in Q3
LIC’s share by value in NSE-listed companies decreased to 3.51% in Q3 FY25, down from 3.59% in Q1 FY25, according to data from primeinfobase.com, an initiative of the PRIME Database Group. However, during Q3 FY25, LIC adjusted its portfolio with significant additions in key stocks such as Bank of Maharashtra, Patanjali Foods, Cochin Shipyard, and […]
Info Edge Q3 Results: Net profit jumps 60% YoY to Rs 243 crore, revenue rises 15%
Info Edge Q3 Results: The company’s revenue from operations rose 15.2% YoY to Rs 722.39 crore, up from Rs 627.12 crore in the same quarter last year. The company reported a 20.4% YoY increase in operating profit, reaching Rs 263.4 crore in Q3FY25, up from Rs 218.7 crore last year. Operating profit margins improved to […]
Rupee hits record low of 87.35 vs USD on rate cut expectations
The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve Bank of India and strong dollar demand from importers. Despite a softer dollar aiding other Asian currencies, India’s persistent foreign portfolio outflows added further pressure, resulting in nearly 0.3% depreciation […]
Titan’s CV Venkataraman optimistic that Budget will boost consumer spending in urban markets
The customs duty had about 550 crore estimated impact when the announcements came in July and it is by and large played out to that extent and it is also now completely behind us in the quarter three of FY25. So, going forward that effect will not be there, that was a big dampener on […]
Torrent Power shares zoom 7% after 33% YoY jump in Q3 PAT
Torrent Power share price: The company also experienced consistent revenue growth. For Q3 FY25, revenue from operations was Rs 6,499 crore, marking a 2% increase year-on-year from Rs 6,366 crore in Q3 FY24.