Latest Stock Market News

In a separate statement, Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: "The company has started FY 23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of USD 3.6 billion, which will boost our performance in the year."

Kansai Nerolac Paints Managing Director Anuj Jain said, "This quarter saw a healthy demand for both Decorative and Industrial Paints. There has been a revival in demand in Industrial led by increased demand in Automotive due to the gradual easing of the chip shortages."

The third quarter of a midterm election year tends to be the most volatile of any in a four-year presidential cycle. And since 1944, it averages a 0.5% decline, the second biggest after the second quarter’s average 1.9% drop, according to investment research firm CFRA.

Deepak Jasani, Head of Retail Research, HDFC Securities, said going by the current momentum, Nifty could test 17,457-17,651 band over the next few days. “A lot of up gaps on the way up also raise the possibility of these gaps being filled after Nifty makes an intermediate top.”

Shares of Bharti Airtel advanced 2.40 per cent to Rs 694.20 apiece and that of Vodafone Idea jumped 3.99 per cent to Rs 9.12.The 30-share BSE benchmark climbed 545.25 points or 0.95 per cent to settle at 58,115.50.

"Strong global cues and optimistic vehicle sales numbers from select frontline automobile companies fuelled another round of rally in domestic equities," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.

The company is a technology-driven financial solutions and services platform focused on providing financial solutions in the area of tax planning and filing, personal investment advisory and wealth building to individuals, HUF, professionals, firms, and companies registered on its platforms.

Under shareholder criticism for decisions related to capital allocation and minority investments, Goyal said there is no plan to make any more minority investments. "We are in cash conservation mode, and are busy executing what we already have on our plates right now," he said.

The applicants paid a total amount of Rs 63 lakh, which comprised Rs 45.5 lakh as settlement amount, Rs 11.43 lakh as disgorgement amount and Rs 5.93 lakh as interest."Pending enforcement proceedings for the alleged defaults ...are settled qua the applicants (Fenton and Singhania)," the Securities and Exchange Board of India (Sebi) said in its order.

In a filing to BSE, he said the objective of good corporate governance is to protect the rights of minority shareholders and that the ultimate test of corporate governance for Blinkit transaction was the requirement of approval from at least 75 per cent of its voting shareholder base.