SmartMoneyFS

Comments

Post a Comment

Popular posts from this blog

Rubber products industry hit by rising synthetic variety prices

Image
KOCHI:                                                   The rubber products industry, both tire, and non-tire are feeling the pinch of soaring prices of several forms of synthetic rubber prices even as it is grappling with a natural rubber shortage in the domestic market.  India is totally dependent on the import of several varieties of synthetic rubber (SR) l, the use of which has gone up in a tire and non-tire sectors.  “Certain forms of SR like solution SBR, chlorobutyl and bromobutyl are exclusively imported. The products have become dear and the rupee depreciation has increased the import cost further, putting pressure on our margins,” said Ashish Pandey, vice-president, materials of JK Tyres .  “ High performing tires use more SR,” he said, adding that the hopes of the tire industry for better performance in the second ha...
Read more

Share market update: Nifty Realty pack slips over 1%; Godrej Properties, IB Real Estate weigh

Image
Share market update: Nifty Realty pack slips over 1%; Godrej Properties, IB Real Estate weigh  N EW  D ELHI:   Strong losses in shares of Godrej Properties  (down 5.82 percent) , Indiabulls Real Estate (down 3.27 percent) and Housing Development & Infrastructure (HDIL) (down 1.95 percent) dragged realty pack down in Friday's session.  The  Nifty Realty index  was trading 1.22 percent down at 255 around 12:33 pm.  Shares of Sobha (down 0.77 percent), Brigade Enterprises (down 0.72 percent),  Oberoi Realty (down 0.66 percent) and DLF (down 0.57 percent) too were  However,  Unitech (up 1.64 percent) , Phoenix Mills (up 1.36 percent) and Prestige Estates Projects (up 0.09 percent) were up at that time.  Positive global cues and rupee's recovery against the  US dollar  gave a boost to sentiment at home.  Benchmark NSE Nifty50 index was up 51 points at 11,286, while the BSE Sensex was up 203 points at 37,324....
Read more

Stock market update: IT stocks rise; Wipro, Infosys among top gainers in Nifty IT index

Image
NEW DELHI: Most IT stocks were trading with gains in Wednesday's session amid a fresh fall in rupee against the US dollar. The Nifty IT was trading 0.51 percent up at 16,075 around 11:45 am. Shares of Oracle Financial Services Software (up 1.58 percent), Wipro (up 1.13 percent), Tata Elxsi (up 0.80 percent) and Infosys (up 0.80 percent) were the top gainers in the IT index. Infibeam Avenues (up 0.60 per cent), HCL Technologies (up 0.37 per cent), Tata Consultancy Services (up 0.25 per cent), Mindtree (up 0.17 per cent) and KPIT Technologies (up 0.07 per cent) were also in the green. However, Tech Mahindra (down 0.16 percent) was in the red around that time. Benchmark NSE Nifty50 index was up 25 points at 11,312, while the BSE Sensex was up 111 points at 37,524. Among the 50 stocks in the Nifty index , 25 were trading in the green, while 25 were in the red. ITC, PowerGrid, Hindustan Unilever, Sun Pharma, and Kotak Mahindra Bank were among the top Nifty gainers . HPCL,...
Read more