Hindalco’s India business surpassed estimates, offsetting the earlier disappointment from Novelis. The profit beat was driven by higher other income due to the sale of land in Maharashtra’s Kalwa.
The Wockhardt fund raise comes after the stock has risen nearly 160% so far in 2024.
The addition of this order takes the total cumulative orders from Continuum to 700 MW, and Inox Wind’s orderbook to over 3.4 GW, the highest ever in its history, the company said in a filing.
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session little changed. Nifty 50 closed at 24,141.30, while Sensex ended at 79,496.15.
For the full year, Asian Paints anticipates single-digit volume growth and is confident of keeping margins between the 18% to 20% range.
Japanese shares led regional gains, while stocks ticked lower in Australia and South Korea. Futures in Hong Kong pointed down amid disappointment over Chinese stimulus. US stock futures were slightly lower after a decline in technology shares on Monday offset…
West Texas Intermediate traded near $68 a barrel after falling more than 3% on Monday, with Brent closing below $72.
Tesla continued on its merry ways post Donald Trump’s election win last week, adding another 9% to its kitty, taking the total surge since November 5 to 44%. The stock is now well past $1 Trillion in market capitalisation.
Options traders are betting on further gains. The premium of three-month calls over puts is at the highest since early 2021, with sizable volume in contracts looking for a rally to $450 and above.
In his post-election win address to supporters, President-elect Trump had pledged to carry out the largest mass detention and deportation of immigrants in US history.