On Tuesday, Indian markets are expected to perform well as they follow a variety of global cues. An early barometer of the sentiment on the D-Street, the Singapore-traded SGX Nifty futures, increased 0.23 percent to 16,212.00 as of 7:10 am Tuesday, suggesting a positive start. The equity indices wasted a promising start and ended the day on Monday with slight losses. heavily sold metal stocks under pressure as the government slapped export taxes on raw materials used to make steel to lower skyrocketing prices. The Sensex started strongly and picked up steam as the session went on, but it was severely pressured by selling in the afternoon trading and ended up closing 37.78 points, or 0.07 percent, lower at 54,288.61. Similar to this, the NSE Nifty, which is more inclusive, lost 51.45 points, or 0.32 percent, to finish at 16,214.70.
Metropolis Healthcare, Minda Industries, The Phoenix Mills, Shree Renuka Sugars, RITES, Adani Ports and Special Economic Zone, Aster DM Healthcare, Balrampur Chini Mills, Eclerx Services, Grasim Industries, IPCA Laboratories, Latent View Analytics,
For roughly Rs 2 crore, Maruti Suzuki India announced that it would purchase a 12.09 percent ownership investment in Sociograph Solutions Pvt Ltd (SSPL). SSPL is artificial intelligence (AI) software company that specializes in visual AI platforms that are primarily used to assist businesses in enhancing customer experiences and increasing productivity.
According to ONGC, it is now the first explorer to sell locally produced natural gas on the Indian Gas Exchange. It stated that the gas was sold from ONGC's KG-DWN-98/2 offshore in the Krishna Godavari Basin but omitted specifics like volume and cost. The trade volume will gradually be increased, according to ONGC.
According to Zomato, its combined net loss for the three months ending in March increased to Rs 359.7 crore from Rs 134.2 crore in the same period last year. Operating revenue reached Rs 1,211.8 crore, up 75.01 percent from Rs 692.4 crore in the previous year. "We want to grow quickly while cutting losses even more" (and increasing profits in some time). We are aware of the expectations our long-term shareholders have of us, and we are making every effort to meet both of them, the business added.
The logistics and supply chain company is scheduled to make its market debut today. The price per share for the Delhivery IPO has been set at Rs 482.
In comparison to the previous quarter, the company's consolidated net profit for the fourth quarter of FY22 increased to Rs 132.9 crore from Rs 113.9 crore. While sales were $1104.2 billion, up from $1071.9 billion in the previous quarter. For 500 rupees per share, Birlasoft will repurchase up to 2.79 percent of its shares for a maximum of 390 rupees.
By acquiring a 54 percent equity position in HW Wellness Solutions, the company that owns the dietary supplement line True Elements, Marico has announced a strategic investment. While claiming to be an all-cash transaction, the company withheld the acquisition amount. The segments on wholesome breakfast and snacks feature True Elements. Oats, quinoa, muesli, granola, flakes, and Indian breakfast items like poha, upma, and dosa are among the products in its repertoire.