India Finance News

Market LIVE Updates: Indices trade flat amid high volatility; Adani group stocks in focus – Moneycontrol

January 30, 2023 / 10:33 AM IST

Tata Elxsi shares fall:

Tata Elxsi has registered a 29% year-on-year growth in profit at Rs 195 crore for quarter ended December FY23, backed by topline and other income. Revenue from operations for the quarter at Rs 818 crore grew by 29% over a year-ago period.

Tata Elxsi was quoting at Rs 6,612.40, down Rs 49.70, or 0.75 percent.

January 30, 2023 / 10:32 AM IST

Top 10 ideas to trade in Feb series as bears get hold of Dalal Street

Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500… Read More

January 30, 2023 / 10:25 AM IST

BSE Power index shed 5 percent dragged by Adani Transmission, Adani Green, Adani Power

January 30, 2023 / 10:22 AM IST

Prakhar Pandey, Founder and CEO, Moolaah

The markets have fallen around 2.6% in the last 3 days, despite positive global cues and a bit more stable reaction across global markets. The major reason for this fall happens to be a plunge in the Adani stocks, pessimistic expectations on the budget, continuous sell off from FII’s, Hawkish stance from the Fed and a small cut of 20 basis points by the UN, on India’s GDP growth forecasts. 

The short sell off in Adani group companies, continued on Friday after the findings made by Hidenburg Research. The report tries to put allegations across Adani Group’s accounting practices, stock manipulation, corporate governance and the over leveraged position of the group, with starking high valuations. On top of this report, Hidenburg also has taken short sell of positions on the group in the market, thus indirectly benefiting from this sell off. Some sell off across banks also happens to take place, due to their banking exposure with the group. While Adani group, has stated that they will take remedial and punitive action against Hidenburg research, especially since the report’s release is just before the opening of their FPO.

January 30, 2023 / 10:14 AM IST

Genus Power Infrastructures bags order worth Rs 2,855.96 croreGenus Power Infrastructures Ltd. and its 100% subsidiary company (Hi-Print Metering Solutions Private Limited) have received letter of awards (LOA) of Rs 2,855.96 crore for appointment of Advanced Metering Infrastructure Service Provider (AMISP) including design of AMI system with supply, installation and commissioning of 29.49 Lakh Smart Prepaid Meters, DT Metering, HT & Feeder Metering Level energy accounting and FMS of these 29.49 Lakh smart meters.

January 30, 2023 / 10:12 AM IST

BuzzingFineotex Chemical share price added more than 2 percent as company clocked a 18% year-on-year growth in consolidated profit at Rs 22.5 crore for quarter ended December FY23, supported by healthy operating growth of 14%. Revenue from operations grew by 4% YoY to Rs 109.2 crore for the quarter.

January 30, 2023 / 10:10 AM IST
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January 30, 2023 / 10:01 AM IST

Market at 10 AMBenchmark indices were trading flat in the highly volatile session with Nifty above 17,600.At 10:01 IST, the Sensex was up 71.41 points or 0.12% at 59402.31, and the Nifty was up 17.40 points or 0.10% at 17621.70. About 1678 shares have advanced, 1289 shares declined, and 185 shares are unchanged.

January 30, 2023 / 09:58 AM IST

USFDA concludes inspection at Solara’s Visakhapatnam with zero observationsSolara Active Pharma Sciences today announced that its new state-of-the-art multipurpose API manufacturing facility at Visakhapatnam (Vizag), Andhra Pradesh completed successfully the inspection carried out by the US Food and Drug Administration (US FDA or Agency). The agency, with its designated investigator, inspected the facility from 23rd to 26th January 2023. The inspection established that the site is in an “Acceptable State of Compliance” with Zero Form 483 inspectional observations from the agency.

January 30, 2023 / 09:59 AM IST

USFDA concludes inspection at Solara’s Visakhapatnam with zero observationsSolara Active Pharma Sciences today announced that its new state-of-the-art multipurpose API manufacturing facility at Visakhapatnam (Vizag), Andhra Pradesh completed successfully the inspection carried out by the US Food and Drug Administration (US FDA or Agency). The agency, with its designated investigator, inspected the facility from 23rd to 26th January 2023. The inspection established that the site is in an “Acceptable State of Compliance” with Zero Form 483 inspectional observations from the agency.

January 30, 2023 / 09:57 AM IST
Fall from Day’s High
Company CMP High Low Fall from Day’s High
Nestle 19,200.90 19,206.00
19,000.00
-0.03%

HCL Tech1,123.15 1,123.50
1,105.80-0.03%

January 30, 2023 / 09:55 AM IST
Recovery from Day’s Low
Company CMP High Low Gain from Day’s Low
Bajaj Finance 5,964.00 5,998.00
5,770.05
3.36%

Adani Enterpris2,932.40 3,037.55
2,850.002.89%

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