Market extends fall on 6th consecutive session; banks shine
Benchmark indices on Wednesday extend the fall on sixth consecutive session as market failed to build on the mid-session sharp recovery from day's low, and ended marginally lower.
Benchmark indices on Wednesday extend the fall on sixth consecutive session as market failed to build on the mid-session sharp recovery from day's low, and ended marginally lower.
India's Consumer Price Index (CPI) based retail inflation eased to 4.6 per cent in January from 5.22 per cent in December.This marks a decline of 91 basis points in headline inflation compared to the previous month, making it the lowest year-on-year inflation since August 2024.
Steel Authority of India’s profit slumped 62 per cent year-on-year to Rs 126 crore in the December quarter. This was hit by lower prices of steel, even as higher sales volume boosted revenue from operations.
Speaking to a news agency, he commented that India will make its decision based on its commercial interests.
Equity mutual fund inflows marginally fell 3.6 per cent on a monthly basis to Rs 39,687.78 crore in January, data released by the Association of Mutual Funds of India (AMFI) said.
The 30 stock S&P BSE Sensex closed 390.58 points or 0.68 per cent down at 57,235.33 points against its previous day's close at 57,625.91 points. The Sensex started the day in the red at 57,512.74 points and it slumped to a low of 57,055.75 points in the intra-day. The Sensex touched a high of 57,568.14 points in the intra-day.
“In the backdrop of India @ 75, we are focusing on export of 75 products to 75 potential countries in 75 months which will help India achieve a trade target of $ 750 billion by 2027,” said PHDCCI president Dalmia while addressing a press conference.
BSE-listed (539594) Mishtann Food Limited has announced plans to set up a 1,000 Kilolitres per day grain-based ethanol manufacturing facility in Gujarat.
The shares of Wipro were trading at Rs 378.95 at 12.56 pm in the afternoon, down 7.11 per cent from the previous close. The IT major reported a decline of 9.27 per cent in its consolidated profit after tax at Rs2,659 crore for the quarter ended September 2022. The PAT of the firm was Rs2,930 crore in the year-ago period.
Flexible workspace provider WeWork India on Thursday made its first investment in the country, in Bengaluru-based conferencing and collaboration platform Zoapi for an undisclosed sum.
