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Sensex ends marginally lower, Nifty holds steady
Benchmark Sensex declined over 45 points in highly volatile trade on Wednesday, tracking weak Asian markets and continuous foreign fund outflows.
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Legendary investor says Biden fails economics, Musk responds
US billionaire investor Stanley Druckenmiller expresses dissatisfaction with Biden administration\’s economic policies
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Midday markets show mixed trends; Nifty, Sensex down
NSE Nifty was down by 0.26 per cent or 57 points to 22,245, while the BSE Sensex was at 73,307 down by 0.28 per cent or 204 points. A total of 3,015 stocks were actively traded, 1,720 advanced, while 1,182 declined and 113 stocks remained unchanged where 61 stocks hit a 52 week high and 21 stocks hit a 52 week low at 9.50 am on the BSE.
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Marico surges 10% on strong Q4 results; brokerages bullish with upgraded price targets
Shares of Marico Ltd zoomed 10 per cent on Tuesday after the company reported a 4.9 per cent rise in consolidated net profit in quarter that ended March 2024. A few brokerages even upgraded the FMCG company post-results and hiked price targets.
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Go Fashion stock hits 52-week low
Shares of Go Fashion (India) hit a 52-week low on the NSE at ₹933.30 following the company’s report of Q4 financial results.
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Rane Brake Lining stock gains 20% on Q4 results
Shares of Rane Brake Lining Ltd hit the upper circuit on NSE and BSE after the company reported a 28 per cent rise in its profit after tax for the January-March 2024 quarter at ₹15.4 crore.
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Broker’s call: South Indian Bank (Buy)
Target: ₹39
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Block, bulk deals get off to a brisk start in FY25
Block and bulk deals have shown a phenomenal increase in the current fiscal year so far, with the combined sell-downs tripling from year ago to over ₹25,500 crore, as promoters and strategic investors took the opportunity to exit their investments in Indian companies.
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MF share in NSE cos hits fresh high in Q4
The share of domestic mutual funds (MFs) in companies listed on NSE rose to a fresh all-time high of 8.92 per cent for the quarter ended March, powered by net inflows of ₹81,539 crore during the quarter.