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Source: Live Mint MUMBAI, Jan 10 (Reuters) – India’s rice stocks hit a record high at the start of January, reaching eight times the government’s target, while wheat stocks continued to deplete as traders urged the government to increase wheat sales amid market shortages. Higher rice stocks would enable the world’s biggest exporter of the…
Source: Live Mint Vodafone Idea has used fund infusion from its global parent Vodafone Plc, to repay outstanding Master Service Agreement Dues (MSA) to Indus Towers. Vodafone Idea shares declined 3.4% on Friday. In a filing to the London Stock Exchange on January 10, Vodafone Plc said that the obligations to Indus Towers under the…
Source: Live Mint Despite an over 17 percent decline in the last 1 year, global brokerage house Goldman Sachs has stated that the recent sell-off in Reliance Industries Ltd. (RIL) shares is “overdone,” with the stock price now nearing its “bear case” valuation. The brokerage firm reiterated its “buy” rating on RIL while reducing its…
Source: Live Mint Axis Mutual Fund has reduced its shareholding in chemicals company PI Industries, a stock exchange filing showed. PI Industries were trading marginally lower on Friday. Axis Mutual Fund has sold 0.05% stake in PI Industries on January 8, trimming its stake in the company to 2.97% from 3.02% earlier. “Axis Mutual Fund…
Source: Live Mint Stock market today: Shriram Finance shares dropped as much as 6 per cent on Friday, January 10, as they turned ex-date for stock split in the ratio of 1:5. The company had also fixed January 10 as the record to determine the shareholder eligibility for 1:5 stock split. Shriram Finance had on…
Source: Live Mint MUMBAI, Jan 10 (Reuters) – Indian government bond yields were largely unchanged in early deals on Friday, as market players awaited fresh supply from the weekly debt auction and key data for further directional moves. The 10-year bond yield was at 6.7625% as of 10:00 a.m. IST, compared with its previous close…
Source: Live Mint Gold price today: Gold rates climbed in the domestic futures market in the morning session on Friday, January 10, amid positive global cues. However, rising US bond yields and a strengthening US dollar capped the precious metal’s gains. MCX Gold traded 0.22 per cent higher at ₹78,272 per 10 grama around 9:15…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. TCS: Tata Consultancy Services (TCS), India’s largest IT company, has announced its second-highest dividend for FY25, bringing the total declared for the year to ₹96 per share. This is the highest annual dividend declared by the company, apart…
Source: Live Mint Indian stock market: The Indian equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday amid weak domestic and global market cues. Asian markets traded lower, while the US stock market was closed overnight due to the National Day of Mourning for former president Jimmy Carter. On…
Source: Live Mint Nifty and Bank Nifty Analysis The benchmark stock index Nifty opened flat at 23,689.50 and closed at 23,526.50 on Thursday. Nifty50 declined by 0.69%, with the Nifty Realty Index (-2.73%), Nifty Energy (-2.03%), and Nifty Alpha 50 Index (-1.93%) dragging the market down. Meanwhile, the BSE Sensex dropped 0.68%, closing at 77,620.21….
