Market Live
Axis bank The Competition Commission of India has considered the proposed combination and approved the subscription to 14,25,79,161 equity shares of Max Life by the Bank. KEC International The company has secured new orders of Rs. 816 crores across its various businesses Brigade Enterprise Brigade Group signs a Joint Development Agreement for an Office Space in Whitefield, Bengaluru with a Development Value of Rs.340 Crores. Vedanta Vedanta Aluminium Expands Alumina Refining Capacity to 3.5 million tonnes per annum (MTPA)”. Anup Engineering Board fixed 23rd April 2024 as the Record Date for bonus issue Gufic Biosciences The company has incorporated a wholly owned subsidiary, “VEIRA LIFE FZE,” in Dubai for the marketing, distribution, and sale of pharmaceutical products. GE Power The company received orders worth Rs 774.9 crore from Jaiprakash Power. Suryoday Small Finance Bank The company reported disbursements at Rs 2,340 crore, up 39% YoY in the fourth quarter, gross advances at Rs 8,650 crore, up 41% YoY and total deposits at Rs 7,775 crore, up 50% YoY. RBL Bank The company reported total deposits at Rs 1.03 lakh crore, up 22% YoY as of March 31 and gross advances at Rs 85,640 crore, up 5% YoY. Vodafone Idea The board will meet on April 6 to consider share issuance proposals of equity and/or convertible shares on a preferential basis. L&T Finance Holdings The company reported retail loan book at Rs 80,010 crore in the fourth quarter, up 31% YoY and retail disbursements at Rs 15,030 crore, up 33% YoY
Thu. Apr 11th, 2024


By earn Mar 1, 2024
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Marwadi traders, [01-03-2024 08:29]
Morning Alert..
Economy expands 8.4% in Q3; FY24 growth projection now up at 7.6%
Defying expectations by a considerable margin, India’s economy witnessed a six-quarter high growth rate of 8.4 per cent in Q3FY24, largely due to extraordinarily high tax collections and control over subsidies, amid significant revisions in earlier gross domestic product (GDP) estimates. A Bloomberg poll of economists had estimated GDP growth of 6.6 per cent for the December quarter, while the Reserve Bank of India had projected slightly slower growth at 6.5 per cent for the same period. The National Statistical Office (NSO), in its second advance estimates data released on Thursday, revised the FY24 growth estimate upward to 7.6 per cent, from the 7.3 per cent projected in January. This upward revision was aided by a downward adjustment of the FY23 growth estimate to 7 per cent, from the previously projected 7.2 per cent. The average GDP growth for the first three quarters of FY24 stands at 8.2 per cent, implying that the fourth quarter growth is assumed at 5.9 per cent.

Core sector growth hits 15-month low of 3.6% in January: Govt data
India’s core sector output, which measures production by eight key industries, grew by 3.6 per cent in January, a 15-month low, as per a government data update. A lower growth of 0.7 per cent was recorded in October 2022. The base effect combined with a single digit growth in five industries and a negative growth in two, slowed down production in the first month of this year. In January last year, the core sector had grown by 9.7 per cent. Figures for December were revised upwards from 3.8 per cent to 4.9 per cent.Madan Sabnavis, chief economist, Bank of Baroda says the January figures were a “mixed bag.” Coal output grew by 10.2 per cent, the only sector to retain a double-digit growth in January, compared to 10.7 per cent previously. Sabnavis said the growth in coal is a reflection of a “steady demand for power from business and households.”

Global market action
Dow Jones –Up by 0.05% or 19.43 points
FTSE – Up by 0.07% or 5.04 points
CAC – Down by 0.34% or 26.96 points
DAX – Up by 0.44% or 76.97 points
Gift Nifty – Down by 0.09% or 20.00 points

FII/DII activities
FII – Bought 3568.11 Cr worth of shares
DII – Sold 230.21 Cr worth of shares.

Primary market activities
Zydus Wellness – 88.9%
Eric Lifesciences – 88.3%
Vardhaman Textiles – 85.5%
Schaeffler India – 84.5%
MMTC – 82.6%

Primary market activities
Listing today
Sadhav Shipping Ltd (NSE SME) – Subscribed 135.69x

Commodities updates
Gold – Rs 64040/10gm, Silver – Rs 69949/kg, Brcrude – Rs 6465/barrel, Copper – Rs 730.50/kg.

Corporate News
Supreme Court junks Vedanta plea for copper plant reopening in Tamil Nadu.

Biocon Biologics signs agreement with Janssen Biotech for psoriasis drug.

One97 Communications: The Board of Directors of the Company have approved the discontinuation of various inter-company agreements with its associate entity, Paytm Payments Bank Limited

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