Latest Stock Market News

SH Kelkar hit the upper circuit following a bulk deal on the counter while the party in Mangalam Organics shares continued

The Nifty Realty index closed 0.1 per cent up at 556.15.

The pan-European STOXX 600 inched up 0.1 per cent, as of 0832 GMT, holding just below a record peak hit last week.

The initial share sale comprises fresh issuance of equity shares worth Rs 150 crore and an offer for sale of 1.32 crore equity shares by promoters and an investor.

Britannia Industries reported a 23 per cent year-on-year decline in its consolidated net profit to Rs 384.22 crore, which was below analysts’ expectations of Rs 447 crore.

BOI General Manager Retail Business Rajesh Ingle said Bank of India has reoriented the banking services with retail customer as focal point by designing products that are aligned to customer needs. Moreover, the scheme will offer a maximum of 90% financing on the total cost of the vehicle, which includes insurance and registration. Customers can also opt for EMI starting with Rs 1,502 per lakh on a 7-year repayment period.

“IT, automobile, banking, telecom and pharmaceuticals are likely to do relatively better,” says UTI MF fund manager.

Revenue from operations rose to Rs 4,907.81 crore in the second quarter as compared with Rs 4,244.43 crore in the year-ago period, MRF said in a regulatory filing.

A total of 525,146 shares changed hands on the counter till 02:12PM (IST).

Data showed six stocks were showing bearish trends. They included Sterling & Wilson, HG Infra Engineering, Alkali Metals, P&G Hygiene, Remsons Industries and Gujarat Apollo Industries.