Sensex jumps 522 pts, posts longest winning run in 7 months on hopes of economic recovery
Market analysts, however, see some amount of profit-booking going ahead. – Stocks-Markets-Economic Times
Month: June 2020
High-frequency indicators signalling a collapse ahead for many sectors: Nomura economist
Prospects for the economy are not looking encouraging at all. – Stocks-Markets-Economic Times
Sterling and Wilson Solar commissions its first Solar project in Oman
Sterling and Wilson Solar Limited (SWSL) has become the first Indian company to commission a solar photovoltaic (PV) project in this region, a company release said. – Stocks-Markets-Economic Times
Reliance rights issue world’s biggest by a non-financial issuer in ten years
Reliance Industries Ltd’s rights issue opened for the subscription of shareholders on May 20 and will close on June 3 – The Hindu – Industry
Moody’s Downgrades Long-Term Deposit Ratings For SBI, HDFC Bank
The actions come just a day after Moody’s downgraded India’s sovereign rating from ‘Baa2’ to ‘Baa3’ – NDTV Profit – Latest
Sensex, Nifty Rally For Fifth Straight Day, End Near 3-Month Highs
Buying in HDFC, Kotak Mahindra, ICICI Bank, HDFC Bank and Reliance Industries contributed nearly 400 points towards gain in the Sensex. – NDTV Profit – Latest
IndiGo Q4 results: Firm posts quarterly loss of Rs 873 crore as costs rise, pandemic hits
The company reported a net loss of 8.73 billion Indian rupees ($116.19 million) for the fourth quarter ended March 31, compared to a profit of 5.90 billion rupees a year … Read More
Traders pin hopes on RBI support after Moody’s cuts India rating
The cut brings Moody’s rating on India on par with S&P Global Ratings and Fitch Ratings. – Stocks-Markets-Economic Times
Motherson Sumi Systems Q4 results: Net profit declines 68.4% to Rs 135.66 crore
For the financial year 2019-20, MSSL said its consolidated net profit stood at Rs 1,294.44 crore. – Stocks-Markets-Economic Times
Zydus Wellness Q4 results: Net profit up 11% to Rs 69.10 crore
The company had posted a net profit of Rs 62.31 crore for the corresponding period of 2018-19. – Stocks-Markets-Economic Times