Welcome to the Indian Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
Infosys exceeded market expectations by reporting a net profit increase of 11.1% year over year for the quarter that ended September 30 at Rs. 6,021 crores. Sequentially, profits increased 12.3% over the previous quarter’s Rs.5,360 crores. The large IT company disclosed a share buyback for Rs.9,300 crore. Operations’ revenue reached Rs.36,538 crores, up 23.4% year…
Balrampur Chini Mills plans to increase cane throughput to increase sugar, ethanol, and cogeneration revenues, as well as expand distillery operations to increase the share of ethanol in the overall revenue mix. A change in the cane variety mix is also planned. According to Vivek Saraogi, Chairman and Managing Director of Balrampur Chini, the company’s…
Coal Minister Pralhad Joshi announced on Wednesday that preparations are in the works to boost coal reserves at thermal power plants from 24 million tonnes (mt) to 40 mt by March 2023. As of Tuesday, coal reserves at coal-fired power plants stood at 24.6 mt, according to the National Power Portal. “Our coal inventories are…
Suzlon Energy shares fell 7% to Rs. 7.10 after the company’s rights issue to fund Rs.1,200 crore opened for sale on Tuesday. Suzlon Energy rights entitlement (RE) shares or partially paid shares also fell 30.19% at Rs.1.85 against the rights offer price of Rs. 2.50 on the NSE. While the rights issuance concludes on October…
The cement industry is on a consolidation spree With two new purchases. While India Cements has announced the sale of its Madhya Pradesh plant to Parth Jindal’s unlisted JSW Cement for Rs.477 crores, the Adani Group is on the verge of acquiring the cement asset that Jaiprakash Associates has placed up for sale in order…
Tata Consultancy Services’ earnings increased 8.3% to Rs.10,465 crores in the second quarter of 2022-23, up from Rs.9,624 crore the previous year. “In terms of profitability, we crossed Rs.10,000 crore for the first time ever,” said TCS CEO Rajesh Gopinathan. Profit increased 10% sequentially from Rs. 9,478 crores in the first quarter of FY23. Revenue from…
According to persons familiar with the situation, billionaire Gautam Adani’s Adani Group is in advanced talks with debt-ridden Jaiprakash Power Ventures Ltd. to buy its cement unit. The ports-to-power mixture could spend around 50 billion rupees ($606 million) for a cement grinding machine and other minor assets. While conversations are progressing, they might yet be…
In a very volatile week that concluded October 7 amid mixed global cues and a falling rupee, the market rallied with a more than 1% gain, snapping a three-week losing skid. The Sensex added 764.37 points, or 1.33 percent, to 58,191.29, while the Nifty50 gained 220.3 points, or 1.28 percent, to 17,314.65 at the close…
The World Bank reduced its FY23 growth forecast for India to 6.5% from 7.5% in June, the most pessimistic prognosis for the country by any major institution, as it warned of a “deteriorating external environment.” For FY24, it has trimmed the growth forecast by 10 basis points to 6.5%. “In the face of slowing global…
Muthoot Finance has launched its 28th public issuance of secured redeemable non-convertible debentures (NCDs) with a face value of $1,000 each and a base issue size of 75 crores, with an option to retain oversubscription up to 225 crores, aggregating to a tranche limit of 300 crores. The cash raised will be used largely for…
