Market LIVE Updates: Indices trade lower with Nifty below 17,400; IT, realty, financials top losers

354 Hits Ammu Feb 11, 2022, 10:32 AM

Market LIVE Updates: Indices trade lower with Nifty below 17,400; IT, realty, financials top losers

FEBRUARY 11, 2022 / 01:42 PM IST

Vedanta Fashions sets issue price at Rs 866 per share Vedanta Fashions, the largest company in India in men's Indian wedding and celebration wear segment, has fixed issue price at Rs 866 per share, the upper end of price band, for its initial public offering. The issue price is Rs 824-866 per share. The initial public offering (IPO) of more than Rs 3.63 crore equity shares, at issue price of Rs 866 per share, fetched the company Rs 3,149 crores. The public issue consisted of only one offer for sale by investors and promoter, the Ravi Family Trust.

FEBRUARY 11, 2022 / 02:46 PM IST

Passenger vehicle wholesales dip 8% in January Passenger vehicle dispatches from factories to dealers in India fell 8 percent in January, mainly due to semiconductor shortage, auto industry body SIAM said on Friday. The total passenger vehicle sales dropped to 254,287 units in January 2022 as correlated to 276,554 units in the same month of last year. Last month, car dispatches stood at 126,693 units as correlated to 153,244 units in the year-ago period. Similarly, van dispatches decreased to 10,632 units in the period under review from 11,816 units in January 2021. Utility vehicle sales were grown to 116,962 units last month as compared to 111,494 units in January 2021. Total two-wheeler dispatches decreased 21 percent to 1,128,293 units from 1,429,928 units in the year-ago period. Similarly, three-wheeler wholesales decreased to 24,091 units last month as against 26,794 units in January 2021.

FEBRUARY 11, 2022 / 02:29 PM IST

The Ta pan Patel, Senior Analyst (Commodities), HDFC Securities: Crude oil prices traded higher with NYMEX Crude oil prices were trading 0.31% up near $90.16 per barrel for the day. Crude oil prices traded mixed, prices eased on Friday as hot US inflation fanned worries about aggressive interest rate hikes and investors await the outcome of US-Iran talks that could lead to increased global crude supply. The OPEC said that world oil demand might rise even more steeply this year. The group forecast a gain of 4.15 million barrels per day this year. We look for crude oil prices to trade sideways to up for the day. Crude oil prices are expected to trade up, with resistance at $92 and support at $87 per barrel. MCX Crude oil February has support at Rs 6720 and resistance at Rs 6850.

FEBRUARY 11, 2022 / 02:13 PM IST

Salazar Tech Q3: Net profit went down 40% at Rs 6.9 crore against Rs 11 crores. Revenue slipped 0.4% at Rs 173.6 crores against Rs 174 crore. EBITDA went down 13.1% at Rs 16.6 crore against Rs 19 crores. The stock was trading at Rs 218. It has touched an intraday high of Rs 230.00 and an intraday low of Rs 216.50

FEBRUARY 11, 2022 / 01:49 PM IST

Linde India signs 15-year long-term agreement with ESL Steel Linde India signed a 15-year long-term agreement structured on Lease and O&M basis with ESL Steel Ltd. (ESL), a Vedanta Group Company, for supply of 800 tonnes per day of Oxygen and 900 tonnes per day of Nitrogen to them at their steelworks. For this purpose, Linde India will be setting up an onsite Air Separation Unit (ASU) at ESL’s these steelworks, which will serve ESL’s demand for gases for its brownfield expansion and will also cater to Linde India’s requirement of gases for merchant markets. The capital expenditure for setting up of this ASU will be financed by the Company’s own sources/internal accruals, it added. Linde India was quoting at Rs 2,639

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20-CSE-083 K.A.Senadhipathi - Feb 11, 2022, 10:58 AM - Add Reply

Mam by copy and paste we can't earn in this website

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