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Share price of DLF falls as Nifty weakens

Updated at : 2022-02-24 13:20:04

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A total of 452,246 shares changed hands on the counter till 12:53PM (IST).

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The indices fell as Moscow Stock Exchange announced resumption of trading from 10:00 am (12.30 pm IST). The bourse had earlier suspended trading amid Ukraine-Russia tensions.

“From an investor’s point of view, there is no doubt that when there is fear, one buys. But the question is whether it is going to subside immediately and it does not look like it is going to subside immediately. Given the fact that structurally till the supply side constraints are there, commodity prices will remain at an elevated level.”

Global stocks extended a sell-off, the yen strengthened, and U.S. Treasury prices rose on Thursday as investors sought shelter in safe-haven assets amid growing fears of a full-scale Russian invasion of Ukraine.

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Oil prices gained more than $1 on Thursday, trading below seven-year highs hit earlier this week, as fresh developments on the Russia-Ukraine crisis sparked concerns that supported prices. Brent crude rose 73 cents, or 0.75%, to $97.57 a barrel at 0130 GMT, after soaring as high as $98.08.

Gold futures on MCX were trading higher by 1.53 per cent or Rs 772 at Rs 51,151 per 10 grams. Silver futures were trading up 1.65 per cent or Rs 1,066 at Rs 65,651 per kg.

“Nobody is above law. If anything illegal has happened, then everybody will be liable right from the IT manager to the highest level including the board. Once CBI completes the investigation, then it will come to some conclusion as to who all were responsible or liable for the purpose of co-location. ”

MRF shares down 1.85% as Nifty falls

Updated at : 2022-02-24 12:35:02

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The stock quoted a 52-week high price of Rs 94000.0 and low of Rs 63000.05.

Sanofi India skids 2% on poor earnings scorecard

Updated at : 2022-02-24 12:35:02

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Sanofi India’s counter fell to a low of Rs 7,159 as against the previous close of Rs 7,280.40 on the National Stock Exchange.

Colgate-Palmolive declines 2.08% as Sensex slides

Updated at : 2022-02-24 12:35:02

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The stock traded at a P/E multiple of 35.82, while the price-to-book value ratio stood at 36.38.

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