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United Breweries, the Indian beer maker part-owned by Heineken, posted a 94.03% Q4 profit slide, due to high raw material costs. Standalone profit declined to INR97.3m ($1.19m), from INR1.63bn a year earlier. Total expenses rose nearly 18%, following a 32% spike in raw material costs, due to inflationary pressures from prices of barley and packaging materials. United Breweries, which sells beer under labels including Kingfisher and Cannon 10000, saw revenue growth slow from 96% in Q1 to 5.4% in Q3.

“Nifty is now placed to witness a sharp upside breakout of the crucial resistance zone of around 18,200-18,300 levels. Hence a decisive move above this area could open the next upside targets of around 18,600-18,700 levels in the near term. Immediate support is placed at 18,150-18,100 levels, he said.

When choosing schemes, investors should be mindful of the associated risks, while looking at their percentage returns. A risk-adjusted return calculates likely profit in an investment, considering possible risks.

The Dow Jones Industrial Average fell 66.46 points, or 0.20%, at the open to 33,347.78

Analysts expected the company to post flattish revenue in the fourth quarter of the last financial year but higher realizations on back of a premium product mix, easing semiconductor supply, and decline in commodity prices to support margins.

he 52-week high represents the highest price at which a stock has traded within the past year and is used to evaluate its current value and predict future price movements.

The Nifty Pharma index closed 0.54 per cent up at 12654.65.

The central bank for the 20 countries that share the euro has now lifted rates by a combined 375 basis points since last July, its fastest pace of tightening, but further action is still likely given mounting wage and price pressures.

Its consolidated revenue was up by 6% at Rs 12,755 crore against Rs 12,085 crore in Q4FY22 due to higher sales across distribution companies & capacity addition in renewables.

The Indian rupee gained slightly, closing at 81.78 against the US Dollar on Thursday due to the weak dollar in overseas markets, support from foreign fund inflows, and crude oil prices staying below $75 a barrel. Opened at 81.68, the rupee reached an intra-day high of 81.65 and a low of 81.84. The dollar index, which measures the US dollar against a basket of six other currencies, slipped 0.04% to 101.30 after the Federal Reserve hinted at a pause in its interest rate hike cycle, and Brent crude futures rose 0.98% to $73.04 per barrel.