Latest Stock Market News

According to multiplexes, footfalls and theatre occupancy continue to be 20% lower than their pre-Covid levels, which is the problem area for the industry. To drive footfalls, they have joined forces to celebrate a National Cinema Day this Friday, offering tickets at ₹75. As of Wednesday, 4,000-plus screens are about to participate, including PVR and Inox.

Three creditors - two financial and one operational - have filed claims totalling around Rs 1,100 crore before the National Company Law Tribunal (NCLT), said an update on other matters under the Insolvency and Bankruptcy Code by FLFL.

The date date of allotment for first series is September 20, 2022 and its date of maturity is September 20, 2027.

"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.

>> For more such web stories click on the ET icon below

The Dow Jones Industrial Average rose 36.05 points, or 0.12%, at the open to 31,141.02. The S&P 500 opened higher by 8.04 points, or 0.20%, at 3,940.73, while the Nasdaq Composite gained 46.83 points, or 0.40%, to 11,680.41 at the opening bell.

However, the COMEX spot price of gold was marginally lower at USD 1,723.60 per ounce compared to USD 1,723.70 per ounce on Monday.Unlike gold, silver price in the national capital jumped Rs 760 to Rs 57,974 per kg. On Monday, the level was Rs 57,214 per kg.

The Nifty50 formed a bullish candle for the third consecutive day. Supertrend indicator also triggered buy on September 13, and the Golden Cross was recorded on September 9 on the daily charts.The market closed with cuts despite the pullback from crucial support placed at 17,800. A bounce back from lows suggests that bulls are not ready to give up just yet.

Bank Nifty continued to remain strong. On the daily chart, the index remained above the previous swing high. The momentum indicator RSI is in bullish crossover. Going forward, the trend is likely to remain positive as long as it remains above 41,000. On the higher end, the index may move towards 42,000.

For the quarter ended June 30, 2022, the company has reported a standalone total income of Rs 3262.85 crore, up 8.18 per cent from last quarter total income of Rs 3016.10 crore and up 33.13 per cent from last year same quarter total income of Rs 2450.94 crore.