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The mineral miner reported a consolidated profit after tax (PAT) of Rs 176.99 crore for the quarter ended March 2022. The company had posted a consolidated post-tax loss of Rs 184.63 crore in the year-ago period.

At the interbank forex market, the rupee opened at 76.48 against the greenback and moved in a range of 76.43 to 76.69 in the day trade. The rupee traded at 76.60 at 1530hrs, higher by 4 paise over its previous close of 76.64.

“What is encouraging for us is the balance sheet strength of corporates and the fact that the investment cycle is starting to come through. Private capex and housing are the two themes that we are more positive on over the next three to five years. They underpin the overall earnings trajectory that the broader market should see over the course of the next three to five years. ”

Rakesh Jhunjhunwala and his better half Rekha together held a 5.5 per cent stake in the credit rating, research, risk & policy advisory company as of March 31.

​​Analysts see tough resistance ahead. They feel that failure to take out 17,400-450 levels could bring selling pressure to the index. Support seen at 17,050 level, they said.

Analysts believe given the high valuation Campus is seeking in its IPO, suddenly the outlook footwear stocks available at relatively lower value has improved. Thus, Khadim India was the biggest gainer, followed by Bata India.

Bitbns hosts more than 400 cryptocurrencies on its platform. TRACE has joined as the latest addition, following comes after successfully listing several other popular metaverse tokens, including Alien World, RFOX, and DEAPcoin.

The Indian government is looking to sell a 3.5% stake in the state-owned insurance behemoth and the IPO is likely to open in the first week of May. The price band for the per equity share is likely to be announced tomorrow, the sources said.

Broad-based buying pushed the headline indices higher, with financials, IT and oil & gas stocks pushing the 30-share pack Sensex 776.72 points or 1.37 per cent higher to settle at 57,356.61. Its broader peer Nifty50 also advanced 246.85 points or 1.46 per cent higher to close at 17,200, led by a 6% rally in Adani Ports and Bajaj Auto.

“A large part of LIC’s IPO and overhang is already priced into the stock. Closer to filing the DRHP, we had seen prices of the private life insurers correct. Post that, there has been some recovery. I believe that private life insurers are a compelling bet and this sort of an event is a good time to enter those names.”