Latest Stock Market News

​Led by the downside in private bank stocks, Nifty slipped 0.33% lower and broadly consolidated in the 21,600–22,000 range during the week. PSU banks outshined with SBI leading with a 12% upside in just five days.

​Oil and Natural Gas Corporation (ONGC) reported a 9.9% year-on-year (YoY) decline in consolidated net profit for the quarter ended December 2023 to Rs 10,356 crore, compared to Rs 11,489 crore in the year-ago period.

To attract foreign investment, India needs reduced regulations, increased efficiency, and reforms in the stock and bond markets. Currently, foreign investment in the government bond market is only 1% and in the corporate bond market is only 2%.

​​For the nine-month period ending December 31, 2023, the consolidated profit grew to Rs 37.80 crore, as against Rs 35.26 crore registered year ago.

​The quarterly net profit margins stood at 51%, NSE said. Apart from trading revenue, the revenue from operations was also supported by other revenue lines, which mainly include data centre & connectivity charges, clearing services, listing services, index services and data services.

If you invest Rs 100 in a classic infrastructure sector, generally the multiplier is 2.4, 2.9, 3.4, 3.6. If you invest Rs 100 in railways, the multiplier is actually of the order of 4 plus depending upon how you compute it, the multiplier is actually of 4 plus, which means you invest Rs 100 in railway sector and you get a return in the economy which is 4x that, which is 400 plus, says Railway Minister Ashwini Vaishnaw.

Rate this item

(1 Vote)

For more such web stories click on the ET

“Our business model is very simple. We are one of the largest distributors of healthcare products in this country. Basically, we buy from 1900 different companies today and supply to around eighty-one-and-a-half thousand retail pharmacies and three-and-a-half thousand hospitals.”

An analysis of the December quarter shareholding pattern shows that the richie rich also lapped up shares of Infosys, Kotak Mahindra Bank, and Reliance Industries.

"You have a lot of people talking about the middle class in India is going to grow from 20-something percent to 40-something percent. All of those become great investors and clients and opportunities for us and then you just look at the sheer size of a country of 1.4 billion people with growing per capita income. It is a tremendous opportunity," according to Jenny Johnson, President & CEO, Franklin Templeton.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.