Mumbai, March 23 (IANS) Domestic equity benchmarks opened the week sharply lower on Monday as escalating tensions in West Asia and surging crude oil prices weighed on investors’ sentiment. Sensex fell 1,555.62 points or 2.08 per cent to 72,977.34 in early trade, while Nifty declined 479.95 points or 2.07 per cent to 22,634.55.Sector-wise, metal, PSU bank and auto indices led the decline, falling up to 3 per cent in early trade. Stocks such as Tata Steel, Hindalco Industries, HDFC Bank, JSW Steel…
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Mumbai, March 5 (IANS) Indian stock markets ended sharply higher on Thursday, with benchmark indices logging their best session in over a month as easing geopolitical tensions between the United States and Iran boosted investor confidence.The Nifty closed 1.17 per cent, or 285.40 points, higher at 24,765.90. Meanwhile, the Sensex rose 899.71 points, or 1.14 per cent, to end the day at 80,015.90.“The market is not completely out of the woods yet, and the current move should be considered only a…
Mumbai, Feb 12 (IANS) Hindalco Industries, the flagship metals company of the Aditya Birla Group, on Thursday reported a 45 per cent fall in its consolidated net profit for the December quarter (Q3 FY26).The company’s net profit declined to Rs 2,049 crore in the December quarter, compared with Rs 3,735 crore in the same period last financial year (Q3 FY25), according to its stock exchange filing.On a sequential basis, profit after tax fell even more sharply by 57 per cent from Rs 4,741 crore r…
New Delhi, Jan 2 (IANS) The government on Friday approved 22 new proposals under the Electronics Components Manufacturing Scheme (ECMS), which are likely to receive Rs 41,863 crore worth investments and generate nearly 37,000 direct and indirect jobs — a move which is aimed at strengthening domestic supply chains and reducing import dependence for critical electronic components.The output from the 22 approved projects is projected at Rs 2.58 lakh crore. The approved proposals include applicatio…
Mumbai, Dec 24 (IANS) Indian benchmark indices made moderate gains early on Wednesday amid positive global cues, as the stock market appears to be in a consolidation phase.As of 9.30 am, Sensex advanced 105 points, or 0.12 per cent to 85,630 and Nifty gained 40 points, or 0.16 per cent to 26,217.Main broad-cap indices outperformed benchmark indices in terms of gains, with the Nifty Midcap 100 advanced 0.31 per cent, while the Nifty Smallcap 100 added 0.53 per cent.Hindalco Industries, Axis Bank …