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As of 3:27 p.m., the Dow Jones Industrial Average and S&P futures were trading 0.33% and 0.65% down, respectively. The Nasdaq 100 future was trading 1.03% down.
US: Federal Reserve Bank of Richmond President Thomas Barkin will speak to Bloomberg TV — 6:00 p.m.
US: ADP Non-farm payroll data — 6:45 p.m.
US: Trade Balance — 7:00 p.m.
US: FOMC Member Barkin will speak at an event hosted by The Conference Board, in New York — 7:30 p.m.
US: Final Services PMI — 8:15 p.m.
US: ISM Services PMI — 8:30 p.m.
US: Energy Information Administration Crude Oil Inventories data — 9:00 p.m.
Rupee ends 38 paise lower at a record closing low of 87.46 against the US Dollar. It closed at 87.08 on Tuesday, according to data on Bloomberg.
Patanjali Foods has partnered with IBSFINtech to implement treasury management solutions, as disclosed in the company's exchange filing.
Info Edge's board of directors has approved a scheme of amalgamation amongst its arms, including Axilly Labs, Diphda Internet Services, and Zwayam Digital, as disclosed in the company's exchange filing. The amalgamation aims to consolidate and streamline the company's operations.
Most share indices declined in the eurozone as market participants await earning reports from Handelsbanken, Total Energies, Akzo Nobel, Credit Agricole, Novo Nordisk.
The Euro Stoxx 50 and CAC 40 were trading 0.17% and 0.14% down, respectively. Bucking the trend, IBEX 35 was trading 1.10% higher.
The benchmark indices Nifty and Sensex gave up intraday gains by 1:40 a.m. The Nifty was flat at 23,730 level, while the Sensex was down 0.24% near 78,400.
Asian Paints, Titan, Nestle India and ITC were the top losers on the Nifty.
Q3 Results Live: Zydus Lifesciences Net Profit Jumps 30%; Abbott Profit Up 16%; Swiggy, Gujarat Gas In Focus
Bosch received a tax demand of Rs 19 crore from Haryana Tax Authority excess for credit availed for the period 2017-18.
Source: Exchange Filing
Mrs Bectors Food Q3 Highlights (YoY, Consolidated)
Revenue up 14.8% to Rs 492 crore versus Rs 429 crore.
Ebitda flat at Rs 61.4 crore.
Ebitda margin at 12.5% versus 14.2%.
Net profit flat at Rs 34.6 crore.
Arvind Fashions Q3 Highlights (Consolidated, YoY)
Net profit down 47.8% at Rs 26.7 crore versus Rs 51.1 crore.
Revenue up 6.9% at Rs 1,203 crore versus Rs 1,125 crore.
Ebitda up 15.7% at Rs 166 crore versus Rs 143 crore.
Margin at 13.8% versus 12.7%.
For faster update on earnings click here.
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Aurobindo Pharma has received a GST demand notice worth ₹155 crore, including interest and penalty, from the Hyderabad GST Authority, as disclosed in the company's exchange filing.
Shares of India's food delivery platform Swiggy Ltd. tumbled on Wednesday ahead of its third-quarter results as losses are likely to persist amid fierce competition.
Read the full article.
HDFC Life Insurance Co.'s board of directors has approved raising up to Rs 1,000 crore through the issuance of non-convertible debentures as disclosed in the company's exchange filing.
Yes Securities, a subsidiary of Yes Bank, has allotted 2.5 crore shares worth ₹149 crore to the bank through a rights issue, as disclosed in the exchange filing.
Info Edge's board of directors has approved a stock split in the ratio of 1:5, as disclosed in the company's exchange filing.
JSW Energy Ltd. has received a Letter of Award from the West Bengal government for setting up a 1,600 MW thermal power plant, as disclosed in the company's exchange filing.
Seamec Ltd. has entered into an agreement with Safeen Al Behar for the charter hire of its vessel 'SEAMEC SWORDFISH' for 730 days at a total value of $57.4 million.
L&T Finance has received a penalty demand order worth Rs 112 crore from the Palghar GST Authority, according to its exchange filing, according to an exchange filing.
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Market breadth was skewed in favour of buyers. Around 2,146 stocks advanced, 693 stocks declined, and 122 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was trading 0.27% higher at 23,801.75, and the BSE Sensex was 0.15% higher at 78,704.60.
The yield on the 10-year bond opened flat at 6.66%. It closed at 6.67% on Tuesday, according to data on Bloomberg.
Rupee weakened by 4 paise to open at 87.12 against the US Dollar. It closed at 87.08 on Tuesday, according to data on Bloomberg.
Gold is growing at the same rate as studded is growing
Gold coins growth has gone up
Dilution in margins could take place in studded due to unprecedented rise in gold prices
Jewellery EBIT margins to be in the guided range of 11-11.5%
The Bombay High Court has ordered a CBI investigation into complaints filed against Jai Corp, its arm, and chairman, as disclosed in the company's exchange filing
Gold Hits Record High Of Rs 83,800 — Check Rates In Mumbai, Bengaluru, Delhi, Chennai And More
Poonawalla Fincorp Ltd. has partnered with ServiceNow to leverage Generative AI-powered solutions for enhancing its audit and governance capabilities, according to an exchange filing.
JTL Industries has secured an order worth Rs 24 crore from the Jammu and Kashmir government to supply 3,000 metric tons of pipes, according to an exchange filing.
Number of orders down 24.3% At 126 Million Vs 166 Million
Gross client acquisition down 36% At 6.6 lakh Vs 10.3 lakh
January client base rose 47.5% At 30.1 million Vs 20.4 million
January average client funding book rose 86.7% At Rs 4,199 crore Vs Rs 2,249 crore
Source: Exchange Filing
Crude oil prices extended decline to a second day as demand outlook remained bleak. Traders fear that global growth will be hurt because of an imminent war between the world's largest economies.
Further, data from the American Petroleum Institute reported that US crude oil inventories rose, weighing on the prices.
The March future contract of brent crude was trading 0.39% down at $75.90 a barrel as of 8:16 a.m., according to data on Bloomberg terminal.
Markets in China were trading in losses after it opened following a one-week holiday. Market participants assess the potential impact of tariff on the country. The CSI 300 was trading 0.17% down. The Hang Seng was 0.18% down.
The Nikkei 225 was 0.18% down. However, markets in Australia, South Korea were trading in green.
Markets in China was closed for lunar holidays.
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