Latest Stock Market News

The Nifty 50 closed 0.25% higher to 17,813.60, while the S&P BSE Sensex gained 0.28%. Both benchmarks had fallen more than 0.3% during the session.

In the overseas market, gold and silver were trading higher at USD 1,997.8 per ounce and USD 24.95 per ounce, respectively.

The Nifty IT index closed 0.29 per cent up at 27065.0.

The fledgling online consumer base with more purchasing power fostered the growth of the online food delivery market. According to Motilal Oswal, the market is expected to clock a 19% CAGR over FY23-25 fueled by growth in no. of transacting users & order frequency.

KPIT Technologies has recommended a final dividend of Rs 2.65 per equity share, worth 26% of face value, for the financial year ending March 2023. The company reported revenue growth of 42% year-on-year in dollars, and 8.5% on constant currency basis for the March quarter, while its net profit stood at Rs 112 crore, recording an increase of 60% YoY. KPIT forecasts its growth for fiscal 2023-24 to be between 27% to 30% in CC revenue while estimating its EBITDA margin at 19% to 20%. Shares of KPIT Tech traded almost 5% higher at Rs 892 on Wednesday.

​The board has recommended a final dividend of Rs 1.90 per equity share of face value Rs 10 each for the financial year 2022‐2

Indian equity indices rose for the fifth consecutive day, led by banking, financial, auto, and IT stocks. The Sensex gained 170 points, while the Nifty added 44 points. Shares of Gujarat state PSUs closed up to 20% higher after the Gujarat Government announced a new policy for minimum levels of dividend distribution and bonus shares for its PSUs, including listed companies.

What would really help is one that obviously you will have your property papers which are there. Then there should be a will or an inheritance deed which is there. And if it is gifted, then you need a gift deed.

The Nifty Realty index closed 1.36 per cent up at 435.95.

The Board has given in-principle approval for additional creation of up to 1 million vehicles per year. The total existing capacity is around 13 lakh units in Manesar and Gurugram. The investment required for the proposed capacity addition would be finalised in due time while framing the phases of installation of capacity.