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Avenue Supermarts on Saturday reported a consolidated net profit of Rs 623.35 crore for the quarter ended September 30, 2023, which was down by over 9% from Rs 685.71 crore reported by the company in the corresponding period of the previous financial year.

The NCD issue has a base size of ₹150 crore and an option for additional subscription of ₹150 crore, the non-banking financial company said on Friday. The minimum application size for the issue is ₹10,000 and thereafter in multiples of ₹1,000. The issuance is spread across five series, with tenures of 18 months, 24 months, and 36 months.

Top mutual fund houses like SBI MF, ICICI Pru MF, and HDFC MF, among others completely exited stocks like Aster DM Healthcare, Camlin Fine Sciences, Tarsons Products, Delhivery, etc.

Subdued start to the result season by IT sector combined with uptick in crude oil prices affected the broad market trend. However, the benchmark indices logged gains during the week, taking comfort in easing domestic inflation. During the week, around 58 smallcap stocks offered double-digit weekly returns with five of them offering over 25% returns.

The development comes after the government amended the Prevention of Money Laundering (Maintenance of Records) Rules or PMLA rules in September.

U.S. Treasury prices rose as investors looked for safety while the price of U.S. crude oil settled up 5.8%.

The primary market will see several companies launch thier public offer in the week ahead. One mainboard IPO of IRM Energy and two SME issues -- WomenCart Ltd and Rajgor Castor Derivatives -- will tap the public markets to raise funds in the upcoming week.

Little is known about van der Velde, who keeps a low public profile. It is Ardoino who acts as the public face of the company, posting regularly on social media platform X, formerly known as Twitter, and speaking to journalists.

Shares of Tempest have come off that high in the two latest trading sessions as investor enthusiasm moderated and a broader market selloff in risky assets batters the high-risk biotechnology sector. The firm’s market value of $49 million on Friday remains more than 15-fold of what it was, before the jump.

The Nifty IT index closed 0.61 per cent down at 31807.95.