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The markets inherited a very weak overnight trade setup; the US markets had a deep cut, and this weakness was carried forward to the Asian markets as were and Indian markets were no exception.

Total income rose to Rs 183.62 crore in the fourth quarter of the last fiscal year from Rs 79.78 crore in the year-ago period, according to a regulatory filing.Net profit rose to Rs 45.39 crore in the last fiscal year from Rs 30.18 crore in 2020-21.

The bank however made an operating profit of Rs 48.4 crore against an operating loss of Rs 26.6 crore on account of 55.6% higher total income at Rs 256.6 crore.

The withdrawal of recognition follows an order passed by Sebi on May 10 after finding the bourse non-compliant on several grounds like net worth and infrastructural requirements.

It reported a consolidated profit of Rs 158 crore for the quarter ending 31 March, down 58% year-on-year. Consolidated revenue for the quarter grew by 22% year-on-year to Rs 9,927 crore, led by higher sales as well as price increases.

Go First’s share sale comes as air travel is rebounding in the South Asian nation driven by pent-up demand as people emerge from one of the world’s worst coronavirus outbreaks.

At present, Nifty50 trades at a 12-month forward PE ratio of 17.5 times, in line with the pre-Covid three-year average, and marginally above the pre-Covid five-year average of 16.9 times, the brokerage said.

RBI’s specific concerns towards cryptocurrencies leading to ‘dollarization’ is based on an incorrect or at least a short-sighted assumption, said the market experts.

In the international market, gold was trading lower at $1,812 per ounce while silver was flat at $21.33 per ounce.

Local media reports said the authorities have increased the price of 1,000 ml liquor by Rs 120. The price of a quarter bottle has been hiked by Rs 20. On all types of beer, there was a minimum hike of Rs 10 per bottle, reported Telangana Today.