Yash Sadhak Shrivastava

ITC shares jumped 4.75% to Rs 279.15 after the company's standalone net profit increased 11.81% to Rs 4,190.96 crore in Q4 March 2022 over Q4 March 2021, on a 16.49% growth in net revenue to Rs 15,331.48 crore. Also Read| Oil prices rebound from initial losses as global supply concerns persist,EBITDA increased by 16.8% in Q4 FY22 to Rs 5,224 crore from Rs 4,473 crore in Q4 FY21. Profit before tax was Rs 5,442 crore in the fourth quarter, up 12.1% from Rs 4,854 crore in the same time the previous year. Also Read| Sensex tanks 1,150 points while Nifty around 15,900 in early trade,During the period under review, total FMCG category revenue climbed by 10.9% year on year to Rs 10585 crore. During the quarter, cigarette revenue increased by 10% year on year to Rs 6,443 crore, while revenue from other FMCG increased by 12.3% year on year to Rs 4,142 crore. Also Read| Trending Stocks: ITC, IndiGo, Adani Group, LIC and others in news today,Despite difficulties caused by the third wave, the company experienced a significant broad-based recovery in the cigarettes market. According to the company, volumes have surpassed pre-pandemic levels. Also Read| Trade Setup: Top 13 things to know before market opens on May 19, 2022,In the fourth quarter of FY22, hotel business revenue was Rs 390 crore (up 35.4% YoY), agri-business revenue was Rs 4366 crore (up 29.6% YoY), and paperboards, paper & packaging revenue was Rs 2,183 crore (up 31.8% YoY). Also Read| Stocks that should be on your watchlist on Thursday, May 19, 2022,Gross sales climbed by 22.7% to Rs 59,101.09 crore in FY22, while EBITDA improved by 22% to Rs 18,933.66 crore. For the fiscal year ending March 31, 2022, the board proposed a final dividend of Rs 6.25 per share. ,Also Read| Fuel price today: Petrol and Diesel rates remain unchanged on May 19, 2022,Profit before tax increased by 15.5% to Rs 19,829.53 crore, while profit after tax was Rs 15,057.83 crore (previous year Rs 13,031.68 crore). Net cash generated from operations increased by 32% year on year to over Rs 13,000 crore. Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell ended over 3% down on Wednesday,ITC is a diverse company with operations in fast-moving consumer products, hotels, paperboards and packaging, agriculture, and information technology.

{\"time\":1652939375003,\"strCount\":3119,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"ITC shares jumped 4.75% to Rs 279.15 after the company's standalone net profit increased 11.81% to Rs 4,190.96 crore in Q4 March 2022 over Q4 March 2021, on a 16.49% growth in net revenue to Rs 15,331.48 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/oil-prices-rebound-from-initial-losses-as-global-supply-concerns-persist\\\">Oil prices rebound from initial losses as global supply concerns persist</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"EBITDA increased by 16.8% in Q4 FY22 to Rs 5,224 crore from Rs 4,473 crore in Q4 FY21. Profit before tax was Rs 5,442 crore in the fourth quarter, up 12.1% from Rs 4,854 crore in the same time the previous year.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/sensex-tanks-1150-points-while-nifty-around-15900-in-early-trade\\\">Sensex tanks 1,150 points while Nifty around 15,900 in early trade</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"During the period under review, total FMCG category revenue climbed by 10.9% year on year to Rs 10585 crore. During the quarter, cigarette revenue increased by 10% year on year to Rs 6,443 crore, while revenue from other FMCG increased by 12.3% year on year to Rs 4,142 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/trending-stocks-itc-indigo-adani-group-lic-and-others-in-news-today\\\">Trending Stocks: ITC, IndiGo, Adani Group, LIC and others in news today</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Despite difficulties caused by the third wave, the company experienced a significant broad-based recovery in the cigarettes market. According to the company, volumes have surpassed pre-pandemic levels.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/trade-setup-top-13-things-to-know-before-market-opens-on-may-19-2022\\\">Trade Setup: Top 13 things to know before market opens on May 19, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In the fourth quarter of FY22, hotel business revenue was Rs 390 crore (up 35.4% YoY), agri-business revenue was Rs 4366 crore (up 29.6% YoY), and paperboards, paper &amp; packaging revenue was Rs 2,183 crore (up 31.8% YoY).\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/stocks-that-should-be-on-your-watchlist-on-thursday-may-19-2022\\\">Stocks that should be on your watchlist on Thursday, May 19, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Gross sales climbed by 22.7% to Rs 59,101.09 crore in FY22, while EBITDA improved by 22% to Rs 18,933.66 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"For the fiscal year ending March 31, 2022, the board proposed a final dividend of Rs 6.25 per share.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/fuel-price-today-petrol-and-diesel-rates-remain-unchanged-on-may-19-2022\\\">Fuel price today: Petrol and Diesel rates remain unchanged on May 19, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Profit before tax increased by 15.5% to Rs 19,829.53 crore, while profit after tax was Rs 15,057.83 crore (previous year Rs 13,031.68 crore). Net cash generated from operations increased by 32% year on year to over Rs 13,000 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/us-stock-market-djia-sp500-nasdaq-and-russell-ended-over-3-down-on-wednesday\\\">US Stock Market: DJIA, S&amp;P500, Nasdaq and Russell ended over 3% down on Wednesday</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ITC is a diverse company with operations in fast-moving consumer products, hotels, paperboards and packaging, agriculture, and information technology.\"}}]}

<ul>
 <li>ITC reported an 11.81% rise in standalone net profit to Rs 4,190.96 crore &nbsp;in Q4 FY22</li>
 <li>EBITDA increased by 16.8% in Q4 FY22 to Rs 5,224 crore from Rs 4,473 crore in Q4 FY21</li>
 <li>The company's board proposed a final dividend of Rs 6.25 per share</li>
</ul>

Opoyi Business

ITC share surges over 4% on reporting 11.81% rise in Q4 net profit

FMCG

StockMarket

Sensex

Nifty

ShareMarket

Devanshu Singla

FMCG-cigarette-hotel major ITC reported a consolidated net profit of Rs 4,196 crore, up 11.7% in the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 3,755.47 crore in the year-ago period. On a sequential basis, the net profit rose 3.4% from Rs 3,755.47 crore in the December quarter. Also Read | Elon Musk's Twitter takeover: A complete timeline of events,The revenue from operations for the period came at Rs 17,754.02 crore, up 15% in the March quarter. The company had reported revenue of Rs 15,404.37 crore in the corresponding quarter. ,Its consolidated total income came in at Rs 18,252.64 crore as against Rs 10944.64 crore in the year-ago quarter. ,Total expenses rose to Rs 12,632.29 crore as compared with Rs 9,765.56 crore in the corresponding quarter of the previous financial year, the company said. Also Read | LIC, Bharti Airtel, Indian Oil and other stocks that moved most on May 18,During the fourth quarter, the cigarettes segment logged revenue of Rs 7,177 crore as compared to Rs 6,508 crore in the March quarter of the previous fiscal year. ITC’s other FMCG division clocked revenue of Rs 4148.62 crore as against Rs 3694.80 crore in the year-ago quarter. The hotel business reported revenue of Rs 407.42 crore, up from Rs 302.35 crore in the same quarter of the financial year 2021. Also Read | Who is Pieter Elbers, new IndiGo CEO?,The company board has recommended a final dividend of Rs 6.25 for the financial year ended March 31, 2022, subject to the declaration of the same by the members at the 111th Annual General Meeting (AGM) convened on July 20, 2022. The dividend, if declared will be paid between July 22, 2022, and July 26, 2022, to those members entitled thereto. It has fixed May 28, 2022, as the record date for payment. Also Read | What's going on Elon? Twitter acquisition apparently on hold,ITC board also recommended for the approval of the members, the appointment of Supratim Dutta as a Director, and also as a Wholetime Director of the Company for three years with effect from July 22, 2022. Shares of ITC on Wednesday ended 0.72% higher at Rs 266.50 per share on the Bombay Stock Exchange (BSE).

{\"time\":1652893519643,\"strCount\":2651,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a>-cigarette-hotel major ITC reported a consolidated net profit of Rs 4,196 crore, up 11.7% in the fourth quarter ended March 31, 2022. The company had posted a net profit of Rs 3,755.47 crore in the year-ago period.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On a sequential basis, the net profit rose 3.4% from Rs 3,755.47 crore in the December quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/elon-musks-twitter-takeover-a-complete-timeline-of-events\\\">Elon Musk's Twitter takeover: A complete timeline of events</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The revenue from operations for the period came at Rs 17,754.02 crore, up 15% in the March quarter. The company had reported revenue of Rs 15,404.37 crore in the corresponding quarter. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Its consolidated total income came in at Rs 18,252.64 crore as against Rs 10944.64 crore in the year-ago quarter. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Total expenses rose to Rs 12,632.29 crore as compared with Rs 9,765.56 crore in the corresponding quarter of the previous financial year, the company said.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lic-bharti-airtel-indian-oil-and-other-stocks-that-moved-most-on-may-18\\\">LIC, Bharti Airtel, Indian Oil and other stocks that moved most on May 18</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"During the fourth quarter, the cigarettes segment logged revenue of Rs 7,177 crore as compared to Rs 6,508 crore in the March quarter of the previous fiscal year.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ITC’s other <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> division clocked revenue of Rs 4148.62 crore as against Rs 3694.80 crore in the year-ago quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The hotel business reported revenue of Rs 407.42 crore, up from Rs 302.35 crore in the same quarter of the financial year 2021.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/who-is-pieter-elbers\\\">Who is Pieter Elbers, new IndiGo CEO?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The company board has recommended a final dividend of Rs 6.25 for the financial year ended March 31, 2022, subject to the declaration of the same by the members at the 111th Annual General Meeting (AGM) convened on July 20, 2022. The dividend, if declared will be paid between July 22, 2022, and July 26, 2022, to those members entitled thereto. It has fixed May 28, 2022, as the record date for payment.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/whats-going-on-elon-twitter-acquisition-apparently-on-hold\\\">What's going on Elon? Twitter acquisition apparently \\\"on hold\\\"</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ITC board also recommended for the approval of the members, the appointment of Supratim Dutta as a Director, and also as a Wholetime Director of the Company for three years with effect from July 22, 2022.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of ITC on Wednesday ended 0.72% higher at Rs 266.50 per share on the Bombay Stock Exchange (BSE).\"}}]}

<ul>
 <li>ITC reported 11.7% YoY growth in net profit to Rs 4,196 crore</li>
 <li>Revenue from operations grew 15% YoY to Rs 17,754.02 crore</li>
 <li>FMCG division clocked revenue of Rs 4148.62 crore</li>
</ul>

ITC Q4 Results: Net Profit grows 12% to Rs 4,196 crore, revenue rises 15%

Business

Indian equity benchmarks lost all early gains in highly volatile trade on Wednesday, with the Sensex falling 109.94 points following a mixed trend in global markets. The BSE Sensex closed 109.94 points or 0.20% lower at 54,208.53. During the day, it touched a high of 54,786 and a low of 54,130.89. The broader NSE Nifty slipped 19 points or 0.12% to close at 16,240.30. On the sectoral front, FMCG and pharma ended higher, while selling was seen in the bank, capital goods, realty, IT, metal PSU Bank and oil gas indices. Major laggards from the Sensex pack were Power Grid Corp down by 4.55%, Tech Mahindra down by 2.14%, SBI down by 2.01%, Larsen down by 1.92%, Bajaj Finserv down by 1.66%, Bharti Airtel down by 1.63%, NTPC down by 1.46% and Wipro down by 1.14%. Among the gainers were Hindustan Unilever up by 2.02%, Ultratech Cement up by 1.98%, Asian Paints up by 1.65%, Sun Pharma up by 0.78%, ITC up by 0.72% and Axis Bank up by 0.67%. Rupee settled flat at 77.58 per US dollar against Tuesday’s close of 77.56. Asian markets settled on a mixed note, with Hong Kong, Seoul and Tokyo finishing in the green, while Shanghai settled lower. European stock exchanges were also trading on a mixed note in the afternoon session. US stock exchanges had closed significantly higher on Tuesday. With the support from Pharma and FMCG stocks, the domestic market had a steady run until the weak opening of the European market. UK's soaring retail inflation number along with Fed Chair's reassurance on bringing down the inflation, disturbed the sentiment, risking sharper rate hikes, said Vinod Nair, Head of Research at Geojit Financial Services. Brent crude, the international oil benchmark surged 1.13% to USD 113.2 per barrel. According to stock exchange data, foreign institutional investors sold shares worth a net Rs 2,192.44 crore on Tuesday.

{\"time\":1652872332013,\"strCount\":2202,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Indian equity benchmarks lost all early gains in highly volatile trade on Wednesday, with the <a href=\\\"https://opoyi.com/topic/sensex\\\">Sensex</a> falling 109.94 points following a mixed trend in global markets.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The BSE Sensex closed 109.94 points or 0.20% lower at 54,208.53. During the day, it touched a high of 54,786 and a low of 54,130.89.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The broader NSE Nifty slipped 19 points or 0.12% to close at 16,240.30.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On the sectoral front, <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> and <a href=\\\"https://opoyi.com/topic/pharma\\\">pharma</a> ended higher, while selling was seen in the bank, capital goods, realty, IT, metal PSU Bank and oil gas indices.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Major laggards from the Sensex pack were Power Grid Corp down by 4.55%, Tech Mahindra down by 2.14%, SBI down by 2.01%, Larsen down by 1.92%, Bajaj Finserv down by 1.66%, Bharti Airtel down by 1.63%, NTPC down by 1.46% and Wipro down by 1.14%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Among the gainers were Hindustan Unilever up by 2.02%, Ultratech Cement up by 1.98%, <a href=\\\"https://opoyi.com/topic/asian\\\">Asian</a> Paints up by 1.65%, Sun Pharma up by 0.78%, ITC up by 0.72% and Axis Bank up by 0.67%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Rupee settled flat at 77.58 per <a href=\\\"https://opoyi.com/topic/us\\\">US</a> dollar against Tuesday’s close of 77.56.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Asian markets settled on a mixed note, with Hong Kong, <a href=\\\"https://opoyi.com/topic/seoul\\\">Seoul</a> and <a href=\\\"https://opoyi.com/topic/tokyo\\\">Tokyo</a> finishing in the green, while <a href=\\\"https://opoyi.com/topic/shanghai\\\">Shanghai</a> settled lower.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"European stock exchanges were also trading on a mixed note in the afternoon session.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"US stock exchanges had closed significantly higher on Tuesday.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"With the support from Pharma and FMCG stocks, the domestic market had a steady run until the weak opening of the European market. UK's soaring retail inflation number along with Fed Chair's reassurance on bringing down the inflation, disturbed the sentiment, risking sharper rate hikes,\\\" said Vinod Nair, Head of Research at Geojit Financial Services.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Brent crude, the international oil benchmark surged 1.13% to USD 113.2 per barrel.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to stock exchange data, foreign institutional investors sold shares worth a net Rs 2,192.44 crore on Tuesday.\"}}]}

<ul>
 <li>Sensex closed 109.94 points or 0.20% lower at 54,208.53</li>
 <li>Nifty slipped 19 points or 0.12% to close at 16,240.30</li>
 <li>Rupee settled flat at 77.58 per US dollar</li>
</ul>

Closing Bell: Sensex falls 110 points, Nifty closes at 16,240

ClosingBell

AxisBank

pharma

Tokyo

Bhartiairtel

HongKong

Seoul

Shanghai

CrudeOil

Markets reversed some early gains but remained in the green in the midday session, owing to purchasing in blue-chip companies from diverse sectors. Selling pressure in Realty, PSU, and Telecom companies capped gains while buying in Utilities, Power, and FMCG firms boosted the Sensex and Nifty by 149 and 38 points, respectively. Also Read| Gold, silver and other metal prices on Wednesday, May 18, 2022,All Asian markets were trading firm, with the Hang Seng up 53.39 points or 0.26% to 20,655.91, the Nikkei 225 up 251.45 points or 0.94% to 26,911.20, the Straits Times up 36.09 points or 1.13% to 3,237.98, the Taiwan Weighted up 240.77 points or 1.5% to 16,296.86, the Jakarta Composite up 46.16 points or 0.69% to 6,690.63, the Shanghai Composite up 3.35 points or 0.11% to 3,097.05 and KOSPI was up by 5.54 points or 0.21% to 2,625.98. Also Read| US Stock Market: DJIA, S&P500, Nasdaq and Russell ended in green on Tuesday,The Sensex is now trading at 54,467.77, up 149.30 points or 0.27% after fluctuating in a range of 54,409.53 and 54,786.00. On the index, there were 20 stocks that advanced and 10 stocks that declined. Also Read| Stocks that should be on your watchlist on Wednesday, May 18, 2022,The broader indices were trading in green with the BSE Midcap index rising 0.11%, while the Small cap index was up by 0.55%. The top gaining sectoral indices on the BSE were Utilities up by 1.28%, Power up by 1.23%, FMCG up by 1.00%, IT up by 0.53%, Healthcare up by 0.51%, while Realty down by 1.15%, PSU down by 0.80%, Telecom down by 0.18% and Oil & Gas was down by 0.04% were the top losing indices on BSE. Also Read| Trending Stocks: Airtel, IOC, DLF, TVS, HDFC and others in news today,The top gainers on the Sensex were Ultratech Cement up by 1.94%, Asian Paints up by 1.57%, Dr Reddy's Lab up by 1.30%, Hindustan Unilever up by 1.24% and Sun Pharma was up by 1.02%. On the flip side, Power Grid was down by 2.91%, Bharti Airtel down by 1.70%, Bajaj Finserv down by 1.01%, SBI down by 0.82% and Tech Mahindra was down by 0.57% were the top losers. Also Read| Trade Setup: Top 15 things to know before market opens on May 18, 2022,The Nifty is presently trading at 16,298.05, up 38.75 points or 0.24% after moving in a band of 16,278.40 and 16,399.80. On the index, 29 equities advanced and 21 stocks declined. Also Read| FedFina, Dreamfolks, Archean Chemical get SEBI's approval to launch IPOs,The top gainers on Nifty were Tata Consumer Products up by 2.32%, Adani Ports up by 1.96%, Ultratech Cement up by 1.93%, Asian Paints up by 1.52% and Cipla was up by 1.51%. On the flip side, Power Grid down by 3.14%, BPCL down by 2.12%, Apollo Hospital down by 1.84%, Bharti Airtel down by 1.83% and Bajaj Finserv was down by 1.08% were the top losers.

{\"time\":1652861617651,\"strCount\":3716,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Markets reversed some early gains but remained in the green in the midday session, owing to purchasing in blue-chip companies from diverse sectors. Selling pressure in Realty, PSU, and <a href=\\\"https://opoyi.com/topic/telecom\\\">Telecom</a> companies capped gains while buying in Utilities, Power, and <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> firms boosted the <a href=\\\"https://opoyi.com/topic/sensex\\\">Sensex</a> and Nifty by 149 and 38 points, respectively.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-wednesday-may-18-2022\\\">Gold, silver and other metal prices on Wednesday, May 18, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"All <a href=\\\"https://opoyi.com/topic/asian\\\">Asian</a> markets were trading firm, with the Hang Seng up 53.39 points or 0.26% to 20,655.91, the Nikkei 225 up 251.45 points or 0.94% to 26,911.20, the Straits Times up 36.09 points or 1.13% to 3,237.98, the Taiwan Weighted up 240.77 points or 1.5% to 16,296.86, the Jakarta Composite up 46.16 points or 0.69% to 6,690.63, the <a href=\\\"https://opoyi.com/topic/shanghai\\\">Shanghai</a> Composite up 3.35 points or 0.11% to 3,097.05 and KOSPI was up by 5.54 points or 0.21% to 2,625.98.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/us-stock-market-djia-sp500-nasdaq-and-russell-ended-in-green-on-tuesday-4\\\">US Stock Market: DJIA, S&amp;P500, Nasdaq and Russell ended in green on Tuesday</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Sensex is now trading at 54,467.77, up 149.30 points or 0.27% after fluctuating in a range of 54,409.53 and 54,786.00. On the index, there were 20 stocks that advanced and 10 stocks that declined.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/stocks-that-should-be-on-your-watchlist-on-wednesday-may-18-2022\\\">Stocks that should be on your watchlist on Wednesday, May 18, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The broader indices were trading in green with the BSE Midcap index rising 0.11%, while the Small cap index was up by 0.55%. The top gaining sectoral indices on the BSE were Utilities up by 1.28%, Power up by 1.23%, FMCG up by 1.00%, IT up by 0.53%, <a href=\\\"https://opoyi.com/topic/healthcare\\\">Healthcare</a> up by 0.51%, while Realty down by 1.15%, PSU down by 0.80%, Telecom down by 0.18% and Oil &amp; Gas was down by 0.04% were the top losing indices on BSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/trending-stocks-airtel-ioc-dlf-tvs-hdfc-and-others-in-news-today\\\">Trending Stocks: Airtel, IOC, DLF, TVS, HDFC and others in news today</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The top gainers on the Sensex were Ultratech Cement up by 1.94%, Asian Paints up by 1.57%, Dr Reddy's Lab up by 1.30%, Hindustan Unilever up by 1.24% and Sun Pharma was up by 1.02%. On the flip side, Power Grid was down by 2.91%, Bharti Airtel down by 1.70%, Bajaj Finserv down by 1.01%, SBI down by 0.82% and Tech Mahindra was down by 0.57% were the top losers.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/trade-setup-top-15-things-to-know-before-market-opens-on-may-18-2022\\\">Trade Setup: Top 15 things to know before market opens on May 18, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Nifty is presently trading at 16,298.05, up 38.75 points or 0.24% after moving in a band of 16,278.40 and 16,399.80. On the index, 29 equities advanced and 21 stocks declined.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/fedfina-dreamfolks-archean-chemical-get-sebis-approval-to-launch-ipos\\\">FedFina, Dreamfolks, Archean Chemical get SEBI's approval to launch IPOs</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The top gainers on Nifty were Tata Consumer Products up by 2.32%, Adani Ports up by 1.96%, Ultratech Cement up by 1.93%, Asian Paints up by 1.52% and Cipla was up by 1.51%. On the flip side, Power Grid down by 3.14%, BPCL down by 2.12%, Apollo Hospital down by 1.84%, Bharti Airtel down by 1.83% and Bajaj Finserv was down by 1.08% were the top losers.\"}}]}

<ul>
 <li>Sensex is now trading at 54,467.77, up 149.30 points or 0.27%</li>
 <li>Nifty is presently trading at 16,298.05, up 38.75 points or 0.24%</li>
 <li>All Asian markets were trading firm on Wednesday</li>
</ul>

Stock market midday report: Sensex up 149 points, Nifty around 16,300

MidDayReport

Asian

Telecom

HealthCare

Health

health'

The BSE Sensex surged 180.22 points or 0.34% to close at 52,973.84. During the day, it gained 634.66 points or 1.20% to 53,428.28. The broader NSE Nifty rose 60.15 points or 0.38% to close at 15,842.30, posting its first gain in seven sessions. On the sectoral front, capital goods, auto, realty, power and PSU bank indices surged 1-3% while IT and FMCG stocks ended lower. Also Read | Closing Bell: Sensex surges 180 points, Nifty closes at 15,842,Here are the key stocks that moved the most on May 16:,State Bank of India: The stock closed 2.55% to close at Rs 456.00 after the state-owned bank reported a 41% YoY rise in net profit at Rs 9,113.5 crore, which was below the street estimates of Rs 9,927.6 crore. The net profit was its highest ever. Morgan Stanley has kept an “overweight” rating and cut the target price to Rs 580 from Rs 615 while Nomura has maintained a “buy” rating on the stock with a target of Rs 615. Also Read | ACC, Ambuja stocks surge on Adani-Holcim deal,Eicher Motors: The share price surged 7.95% to close at Rs 2,626 after Eicher Motors on May 13 declared a consolidated profit after tax (PAT) of Rs 610 crore for the quarter ended March 2022. Sequentially, the profit growth was 34% from Rs 456 crore in the previous quarter. The company reported an 8.6% YoY growth in its consolidated revenue at Rs 3,193 crore from Rs 2,940 crore in the corresponding period of the previous year. Also Read | McDonald's becomes largest Western firm to exit Russia after Ukraine invasion,ACC Ltd and Ambuja Cements Ltd: Stocks of the cement companies opened higher following Adani’s announcement on Sunday of acquiring Holcim’s stake in the firms. ACC and Ambuja’s stocks closed 3.7% and 2.36% higher respectively, on the BSE. Also Read | Renault formally quits Russia, sells $2.29 billion plant to city of Moscow,Avenue Supermarts (DMart): The stock closed 10.35% higher at Rs 3,565.00 after the company posted a 3% YoY rise in net profit. On a sequential basis, the consolidated net profit declined 22% to Rs 427 crore for the March quarter of the financial year 2022. Revenue slipped 5% QoQ to Rs 8,787 crore from Rs 9,218 core. On the yearly basis, revenue rose 19%. Also Read | Europe slashes growth forecast, projects rising inflation amid Ukraine war,Bank of Baroda: The stock gained 5.53% to close at Rs 100.25 as investors were impressed by the continuous improvement in the lender’s asset quality in the March 2022 quarter. The bank reported gross non-performing assets (GNPA) ratio of 6.6% for the quarter as against 7.3% in the previous quarter despite new slippages rising to Rs 4,500 crore. The rise in slippages at over 5% on year to Rs 3,776 crore weighed on net profit, which was below analysts’ expectations.

{\"time\":1652705222687,\"strCount\":3423,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"The BSE Sensex surged 180.22 points or 0.34% to close at\\n52,973.84. During the day, it gained 634.66 points or 1.20% to 53,428.28. The\\nbroader NSE Nifty rose 60.15 points or 0.38% to close at 15,842.30, posting its\\nfirst gain in seven sessions. On the sectoral front, capital goods, auto,\\nrealty, power and PSU bank indices surged 1-3% while IT and <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> stocks ended\\nlower.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/closing-bell-sensex-surges-180-points-nifty-closes-at-15842\\\">Closing Bell: Sensex surges 180 points, Nifty closes at 15,842</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Here are the key stocks that moved the most on May 16:\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"State Bank of India: The stock closed 2.55% to close at\\nRs 456.00 after the state-owned bank reported a 41% YoY rise in net profit at\\nRs 9,113.5 crore, which was below the street estimates of Rs 9,927.6 crore. The\\nnet profit was its highest ever. Morgan Stanley has kept an “overweight” rating\\nand cut the target price to Rs 580 from Rs 615 while Nomura has maintained a\\n“buy” rating on the stock with a target of Rs 615.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/acc-ambuja-stocks-surge-on-adani-holcim-deal\\\">ACC, Ambuja stocks surge on Adani-Holcim deal</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Eicher Motors: The share price surged 7.95% to close at\\nRs 2,626 after Eicher Motors on May 13 declared a consolidated profit after tax\\n(PAT) of Rs 610 crore for the quarter ended March 2022. Sequentially, the\\nprofit growth was 34% from Rs 456 crore in the previous quarter. The company\\nreported an 8.6% YoY growth in its consolidated revenue at Rs 3,193 crore from\\nRs 2,940 crore in the corresponding period of the previous year.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/mcdonalds-becomes-largest-western-firm-to-exit-russia-after-ukraine-invasion\\\">McDonald's becomes largest Western firm to exit Russia after Ukraine invasion</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ACC Ltd and Ambuja Cements Ltd: Stocks of the cement\\ncompanies opened higher following Adani’s announcement on Sunday of acquiring\\nHolcim’s stake in the firms. <a href=\\\"https://opoyi.com/topic/acc\\\">ACC</a> and Ambuja’s stocks closed 3.7% and 2.36%\\nhigher respectively, on the BSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/renault-formally-quits-russia-sells-229-billion-plant-to-city-of-moscow\\\">Renault formally quits Russia, sells $2.29 billion plant to city of Moscow</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Avenue Supermarts (DMart): The stock closed 10.35% higher\\nat Rs 3,565.00 after the company posted a 3% YoY rise in net profit. On a\\nsequential basis, the consolidated net profit declined 22% to Rs 427 crore for\\nthe March quarter of the financial year 2022. Revenue slipped 5% QoQ to Rs\\n8,787 crore from Rs 9,218 core. On the yearly basis, revenue rose 19%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/europe-slashes-growth-forecast-projects-rising-inflation-amid-ukraine-war\\\">Europe slashes growth forecast, projects rising inflation amid Ukraine war</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Bank of Baroda: The stock gained 5.53% to close at Rs\\n100.25 as investors were impressed by the continuous improvement in the\\nlender’s asset quality in the March 2022 quarter. The bank reported gross\\nnon-performing assets (GNPA) ratio of 6.6% for the quarter as against 7.3% in\\nthe previous quarter despite new slippages rising to Rs 4,500 crore. The rise\\nin slippages at over 5% on year to Rs 3,776 crore weighed on net profit, which\\nwas below analysts’ expectations.\"}}]}

<ul>
 <li>State Bank of India stock closed 2.55% to close at Rs 456.00</li>
 <li>Share of Eicher Motors surged 7.95% to close at Rs 2,626</li>
 <li>Avenue Supermarts closed 10.35% higher at Rs 3,565.00</li>
</ul>

SBI, Eicher Motors, ACC and other stocks that moved most on May 16

MorganStanley

statebankofindia

Indian equity benchmark BSE Sensex recovered 180 points at the close after swinging between gains and losses on Monday, finishing its six-day falling streak following gains in banking, financials, power and auto stocks. The BSE Sensex surged 180.22 points or 0.34% to close at 52,973.84. During the day, it gained 634.66 points or 1.20% to 53,428.28. Also Read | McDonald's becomes largest Western firm to exit Russia after Ukraine invasion,The broader NSE Nifty rose 60.15 points or 0.38% to close at 15,842.30, posting its first gain in seven sessions. Sensex and Nifty plunged over 5% in the previous six sessions due to heavy selling by FPIs over inflation concerns. On the sectoral front, capital goods, auto, realty, power and PSU bank indices surged 1-3% while IT and FMCG stocks ended lower. Also Read | Renault formally quits Russia, sells $2.29 billion plant to city of Moscow,Top gainers from the Sensex pack were NTPC up by 3.05%, Bajaj Finance up by 2.37%, State Bank of India up by 2.27%, Maruti Suzuki up by 2.14%, HDFC up by 1.96%, Kotak Mahindra up by 18.3%, IndusInd Bank up by 1.61%, M&M up by 1.57%, HDFC Bank up by 1.10% and Hindustan Unilever up by 1.05%. ,Among the losers were UltraTech Cement down by 3.01%, Asian Paints down by 2.15%, ITC down by 1.78%, Tech Mahindra down by 1.22%, TCS down by 1.08% and Dr Reddy’s Labs down by 1.02%. Also Read | Europe slashes growth forecast, projects rising inflation amid Ukraine war,Shares of ACC and Ambuja Cements were in huge demand after Adani Group signed a deal to acquire a controlling stake in Holcim Ltd's businesses in India for USD 10.5 billion. ACC shares surged 3.7% to close at Rs 2,192 while Ambuja Cements rallied 2.59% to close at Rs 368.10. Asian markets settled on a mixed note, with Hong Kong and Tokyo ending in the gree, while Seoul and Shanghai were marginally lower. European stock exchanges were also trading on a mixed note in the afternoon session. US stock exchanges had ended with smart gains on Friday. Also Read | ACC, Ambuja stocks surge on Adani-Holcim deal,Brent crude, the international oil benchmark declined 0.51% to USD 111 per barrel. Continued selling by FIIs as they chase high yield US bonds restricts the Indian market to hold on to its pull-back rally, despite interest from domestic investors. Weakness in global equities along with unfavourable global cues led to heavy selling towards the closing hours, as investors lacked the confidence to take forward their positions, said Vinod Nair, Head of Research at Geojit Financial Services. Also Read | WhatsApp group the secret ingredient to India's Thomas Cup success,In Friday’s trade, the BSE Sensex declined 136.69 points or 0.26% to close at 52,793.62. The NSE Nifty slipped 25.85 points or 0.16% to close at 15,782.15. According to stock exchange data, foreign institutional investors offloaded shares worth Rs 3,780.08 crore on Friday.

{\"time\":1652701505257,\"strCount\":3728,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Indian equity benchmark BSE Sensex recovered 180 points\\nat the close after swinging between gains and losses on Monday, finishing its\\nsix-day falling streak following gains in banking, financials, power and auto\\nstocks.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The BSE Sensex surged 180.22 points or 0.34% to close at\\n52,973.84. During the day, it gained 634.66 points or 1.20% to 53,428.28.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/mcdonalds-becomes-largest-western-firm-to-exit-russia-after-ukraine-invasion\\\">McDonald's becomes largest Western firm to exit Russia after Ukraine invasion</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The broader NSE Nifty rose 60.15 points or 0.38% to close\\nat 15,842.30, posting its first gain in seven sessions. Sensex and Nifty\\nplunged over 5% in the previous six sessions due to heavy selling by FPIs over\\ninflation concerns.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On the sectoral front, capital goods, auto, realty, power\\nand PSU bank indices surged 1-3% while IT and <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> stocks ended lower.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/renault-formally-quits-russia-sells-229-billion-plant-to-city-of-moscow\\\">Renault formally quits Russia, sells $2.29 billion plant to city of Moscow</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Top gainers from the Sensex pack were NTPC up by 3.05%,\\nBajaj Finance up by 2.37%, State Bank of <a href=\\\"https://opoyi.com/topic/india\\\">India</a> up by 2.27%, Maruti Suzuki up by\\n2.14%, HDFC up by 1.96%, Kotak Mahindra up by 18.3%, IndusInd Bank up by 1.61%,\\nM&amp;M up by 1.57%, HDFC Bank up by 1.10% and Hindustan Unilever up by 1.05%. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Among the losers were UltraTech Cement down by 3.01%,\\nAsian Paints down by 2.15%, ITC down by 1.78%, Tech Mahindra down by 1.22%, TCS\\ndown by 1.08% and Dr Reddy’s Labs down by 1.02%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/europe-slashes-growth-forecast-projects-rising-inflation-amid-ukraine-war\\\">Europe slashes growth forecast, projects rising inflation amid Ukraine war</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of <a href=\\\"https://opoyi.com/topic/acc\\\">ACC</a> and Ambuja Cements were in huge demand\\nafter Adani Group signed a deal to acquire a controlling stake in Holcim Ltd's\\nbusinesses in India for USD 10.5 billion.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ACC shares surged 3.7% to close at Rs 2,192 while Ambuja\\nCements rallied 2.59% to close at Rs 368.10.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Asian markets settled on a mixed note, with Hong Kong and\\nTokyo ending in the gree, while <a href=\\\"https://opoyi.com/topic/seoul\\\">Seoul</a> and <a href=\\\"https://opoyi.com/topic/shanghai\\\">Shanghai</a> were marginally lower.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"European stock exchanges were also trading on a mixed\\nnote in the afternoon session.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/us\\\">US</a> stock exchanges had ended with smart gains on Friday.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/acc-ambuja-stocks-surge-on-adani-holcim-deal\\\">ACC, Ambuja stocks surge on Adani-Holcim deal</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Brent crude, the international oil benchmark declined\\n0.51% to USD 111 per barrel.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"Continued selling by FIIs as they chase high yield\\nUS bonds restricts the Indian market to hold on to its pull-back rally, despite\\ninterest from domestic investors.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"Weakness in global equities along with unfavourable\\nglobal cues led to heavy selling towards the closing hours, as investors lacked\\nthe confidence to take forward their positions,\\\" said Vinod Nair, Head of\\nResearch at Geojit Financial Services.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/whatsapp-group-the-secret-ingredient-to-indias-thomas-cup-success\\\">WhatsApp group the secret ingredient to India's Thomas Cup success</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In Friday’s trade, the BSE Sensex declined 136.69 points\\nor 0.26% to close at 52,793.62. The NSE Nifty slipped 25.85 points or 0.16% to\\nclose at 15,782.15.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to stock exchange data, foreign institutional\\ninvestors offloaded shares worth Rs 3,780.08 crore on Friday.\"}}]}

<ul>
 <li>Sensex surged 180.22 points or 0.34% to close at 52,973.84</li>
 <li>Nifty rose 60.15 points or 0.38% to close at 15,842.30</li>
 <li>Asian markets settled on a mixed note</li>
</ul>

Closing Bell: Sensex surges 180 points, Nifty closes at 15,842

IndusIndBank

India

MarutiSuzuki

AdaniGroup

Indian market indexes failed to retain their early gains as the rally faded in the last leg of trade as traders chose to book profits amid concerns about rising inflation and the potential of additional rate cuts, which will hamper GDP in the future. Markets got off to a good start as attitudes remained bullish in response to the result of the US Fed meeting, which was in line with market expectations. Also Read| Is Will Smith going to therapy following Oscars controversy?,The Nifty50 has formed a long negative candle on the daily chart following the previous day's huge long bear candle, in a sign of lack of strength to sustain the highs, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. Also Read| COVID-19 transmission 1,000 times more likely from air than surfaces: Study,However, it also signals a halt in sharp follow-through weakness after a sharp downside breakout of 16,800, he added. Also Read| US gave intel before Ukraine sank Russian warship Moskva, claims official,Indian Indices,The Sensex gained 33.20 points, or 0.06 % to 55,702.23, while the Nifty gained 5.05 points, or 0.03%, to 16,682.65 in the previous session. The Sensex reached highs of 56,566.80 and lows of 55,613.82, respectively. On the index, there were 14 stocks that advanced and 16 stocks that declined. The Nifty traded between 16,651.85 and 16,945.70. On the index, there were 21 stocks that advanced and 29 stocks that declined. Also Read| Elon Musk to become interim Twitter CEO after $44 billion takeover: Report,Broader Indices,The broader indexes finished in the red with the BSE Mid size index falling 0.21%, while the Small-cap index fell 0.32%. The top gaining sectoral indices on the BSE were Power, which gained 1.94%, IT, which gained 1.86%, TECK, which gained 1.81%, Utilities, which gained 1.51%, and Capital Goods, which gained 0.96%, while Realty, which lost 1.57%, Healthcare, which lost 0.56%, FMCG, which lost 0.51%, Energy, which lost 0.43%, and Basic Materials, which lost 0.42%. ,Also Read| Why Brazil's President Jair Bolsonaro asked Leonardo DiCaprio to ‘keep his mouth shut',India VIX Index,Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 7.24% to 20.29 on Thursday. Also Read| Virgin Galactic delays launch of commercial spaceflight service to 2023,SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with an 18-points loss. The Nifty futures were trading at 16,466.50 on the Singaporean Exchange at around 07:00 hours IST. Also Read| UN chief Antonio Guterres says Russia-Ukraine war can cause 'limitless' global harm,Support and Resistance levels,The key support level for the Nifty is placed at 16,574, followed by 16,466. If the index moves up, the key resistance levels to watch out for are 16,868 and 17,054, according to pivot charts. Also Read| Fiji seizes $300M yacht of Russian Oligarch Suleiman Kerimov at US' request,US Markets,The S&P 500 fell 153.30 points, or 3.6%, to 4,146.87. The Dow Jones Industrial Average fell 1,063.09 points, or 3.1%, to 32,997.97. The Nasdaq fell 647.16 points, or 5%, to 12,317.69. The Russell 2000 index of smaller companies fell 78.77 points, or 4%, to 1,871.15. Also Read| FDA restricts Johnson & Johnson COVID-19 vaccine use due to blood clot risk,Asian Markets,Asian markets finished mixed on Thursday. The Shanghai Composite gained 0.68%, while the Hang Seng led the Nikkei 225 lower. They fell 0.36% and 0.11% respectively. Also Read| Are Will and Jada Pinkett Smith headed for divorce? Reports suggest so,European Markets,European markets finished mixed on Thursday. The FTSE 100 gained 0.21%, while the DAX led the CAC 40 lower. They fell 0.49% and 0.43% respectively. Also Read| UEL: Frankfurt to face Rangers in their first European final in 42 years,Major News Headlines,Adani Power Q4 Results: Profit jumps to Rs 4,645 crore, EBIDTA rises 271%,Adani Power reported a multifold jump in consolidated net profit at Rs 4,645.47 crore in the March quarter of the financial year 2021-22 compared with Rs 13 crore in the corresponding quarter of fiscal 2021. The consolidated revenue of the company surged 93% YoY to Rs 13,307.92 crore in the March 2022 quarter from Rs 6,902.01 crore same quarter of the previous financial year. The consolidated net profit for the financial-year 2021-22 jumped to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21. In the financial year 2022, total revenue increased to Rs 31,686.47 crore from Rs 28,149.68 crore in fiscal 2020-21. The March 2022 quarter revenues included prior period revenues of Rs 2,946 crore and prior period other income of Rs 1,982 crore. Consolidated EBITDA rose 271% YoY to Rs 7,942 crore in March 2022 quarter from Rs 2,143 crore in the March 2021 quarter. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. TVS Motor Q4 Results: Net profit falls 14% YoY to Rs 275 crore, revenue rises,TVS Motor Company reported a 14% year-on-year (YoY) decline in consolidated net profit at Rs 275 crore in the March quarter of the financial year 2022 as compared to a profit of Rs 319 crore in the March 2021 quarter. On a sequential basis, the profit declined 5% from Rs 288 crore recorded in the December quarter of fiscal 2022. Revenue from operations for the Chennai-based automobile company rose to Rs 6,585 crore during the March 2022 quarter, as against Rs 6,132 crore in the year-ago period, the company said in a regulatory filing. TVS Motor’s overall two-wheeler and three-wheeler sales, including exports in the March quarter stood at 8.56 lakh units as against 9.27 lakh units recorded in the quarter ended March 2021. For the financial year ended March 31, 2022, the company reported a consolidated net profit of Rs 731 crore, up 20% from Rs 607 crore in the fiscal year 2020-21. The company’s board has declared an interim dividend of Rs 3.75 per share (375%) for the fiscal year 2021-22, amounting to a sum of Rs 178 crore. LIC IPO to remain open on Saturday, Sunday for retail investors,In an unusual move, Life Insurance Corporation of India’s (LIC) initial public offering (IPO) will remain open for public subscriptions even on Saturday and Sunday, to attract investors for India’s biggest public issue launched on May 4. According to a notification from the National Stock Exchange (NSE), LIC IPO will remain open until May 9, including Saturday, May 7, 2022. On the other hand, the Reserve Bank of India (RBI) has asked all Application Supported by Blocked Account (ASBA) designated bank branches to remain open on Sunday, May 8, 2022, to facilitate bidding for the mega initial public offering of LIC. LIC IPO will remain open for a subscription even on weekends, considering the large amount the government is looking to raise from the market. At the end of day one, the LIC IPO was subscribed 67% or 0.67 times, driven by strong interest from its policyholders, employees and the retail segment. The issue will remain open till May 9. Explained: Changes in repo rates and their impact on stock market,The Reserve Bank of India (RBI) unexpectedly hiked the key interest rate by 40 basis points on Wednesday to contain inflation, which has stayed persistently over goal in recent months. The announcement caused market indexes to fall substantially, with the BSE Sensex falling more than 1,400 points in intraday trade. Investors' wealth on the BSE plunged by more than 6.27 lakh crore in a single day, showing that investors were caught off guard by the RBI's unexpected move. However, the potential of the same was in the cards, but not so soon. Another unexpected issue was the continuation of the accommodative stance. The link between the stock market and interest rates is inverse. When the central bank raises the repo rate, the stock market reacts immediately. This implies that a rise in the repo rate causes companies to scale back on expansion investment, resulting in a drop in growth and an impact on earnings and future cash flows, culminating in a drop in equity prices. Furthermore, the impact of a lower repo rate does not affect all sectors in the same way. Also Read| US abortion rights groups call for nationwide protests on May 14,Bulk Deal data,TANGO COMMOSALES LLP sold 1,43,500 shares in Akash Infra-Projects Limited at Rs 44.62 per share on the NSE. ,NIRAJ RAJNIKANT SHAH sold 15,600 shares in Bombay Metrics S C Limited at Rs 510.07 per share on the NSE. Also Read| Bidens host Mexico's first lady as guest of honour at Cinco de Mayo party,VISTRA ITCL INDIA LIMITED sold 180,31,074 shares in Future Consumer Limited at Rs 2.85 per share on the NSE. ,AXIS INVESTMENTS sold 1,00,000 shares in Jeena Sikho Lifecare Limited at Rs 168.00 per share on the NSE. Also Read| Pig heart used in first human transplant had virus: Report,RAJASTHAN GLOBAL SECURITIES PVT LTD sold 3,60,000 shares in Krishna Def and Ald Ind Limited at Rs 83.50 per share on the NSE. ,URMILA SHASTRI sold 3,35,000 shares in Vaxtex Cotfab Limited at Rs 29.38 per share on the NSE. Also Read| No more passwords: Apple, Google, Microsoft to adopt new sign-in standard,DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 2,074.74 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,229.31 crore in the Indian equity market on May 5, as per provisional data available on the NSE. Also Read| A$AP Rocky and Rihanna tie the knot in new ‘D.M.B’ music video,NSE F&O Ban,No stock/security has been put under the F&O ban for May 6. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

{\"time\":1651800911281,\"strCount\":13414,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/indian\\\">Indian</a> market indexes failed to retain their early gains as the rally faded in the last leg of trade as traders chose to book profits amid concerns about rising inflation and the potential of additional rate cuts, which will hamper GDP in the future. Markets got off to a good start as attitudes remained bullish in response to the result of the US Fed meeting, which was in line with market expectations.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/is-will-smith-going-to-therapy-following-oscars-controversy\\\">Is Will Smith going to therapy following Oscars controversy?</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Nifty50 has formed a long negative candle on the daily chart following the previous day's huge long bear candle, in a sign of lack of strength to sustain the highs, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/covid-19-transmission-1000-times-more-likely-from-air-than-surfaces-study\\\">COVID-19 transmission 1,000 times more likely from air than surfaces: Study</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"However, it also signals a halt in sharp follow-through weakness after a sharp downside breakout of 16,800, he added.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/us-gave-intel-before-ukraine-sank-russian-warship-moskva-claims-official\\\">US gave intel before Ukraine sank Russian warship Moskva, claims official</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/closingbell\\\">Indian Indices</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Sensex gained 33.20 points, or 0.06 % to 55,702.23, while the Nifty gained 5.05 points, or 0.03%, to 16,682.65 in the previous session. The Sensex reached highs of 56,566.80 and lows of 55,613.82, respectively. On the index, there were 14 stocks that advanced and 16 stocks that declined. The Nifty traded between 16,651.85 and 16,945.70. On the index, there were 21 stocks that advanced and 29 stocks that declined.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/elon-musk-to-become-interim-twitter-ceo-after-44-billion-takeover-report\\\">Elon Musk to become interim Twitter CEO after $44 billion takeover: Report</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Broader Indices\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The broader indexes finished in the red with the BSE Mid size index falling 0.21%, while the Small-cap index fell 0.32%. The top gaining sectoral indices on the BSE were Power, which gained 1.94%, IT, which gained 1.86%, TECK, which gained 1.81%, Utilities, which gained 1.51%, and Capital Goods, which gained 0.96%, while Realty, which lost 1.57%, <a href=\\\"https://opoyi.com/topic/healthcare\\\">Healthcare</a>, which lost 0.56%, <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a>, which lost 0.51%, <a href=\\\"https://opoyi.com/topic/energy\\\">Energy</a>, which lost 0.43%, and Basic Materials, which lost 0.42%.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/why-brazils-president-jair-bolsonaro-asked-leonardo-dicaprio-to-keep-his-mouth-shut\\\">Why Brazil's President Jair Bolsonaro asked Leonardo DiCaprio to ‘keep his mouth shut'</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"India VIX Index\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Nifty or India VIX, a gauge of the market's expectation of volatility over the near term, fell 7.24% to 20.29 on Thursday.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/virgin-galactic-delays-launch-of-commercial-spaceflight-service-to-2023\\\">Virgin Galactic delays launch of commercial spaceflight service to 2023</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"SGX Nifty\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The trends on SGX Nifty indicate a negative opening for the index in India with an 18-points loss. The Nifty futures were trading at&nbsp;16,466.50 on the Singaporean Exchange at around 07:00 hours IST.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/un-chief-antonio-guterres-says-russia-ukraine-war-can-cause-limitless-global-harm\\\">UN chief Antonio Guterres says Russia-Ukraine war can cause 'limitless' global harm</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Support and Resistance levels\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The key support level for the Nifty is placed at 16,574, followed by 16,466. If the index moves up, the key resistance levels to watch out for are 16,868 and 17,054, according to pivot charts.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/fiji-seizes-300m-yacht-of-russian-oligarch-suleiman-kerimov-at-us-request\\\">Fiji seizes $300M yacht of Russian Oligarch Suleiman Kerimov at US' request</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/nasdaq\\\">US Markets</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The S&amp;P 500 fell 153.30 points, or 3.6%, to 4,146.87.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Dow Jones Industrial Average fell 1,063.09 points, or 3.1%, to 32,997.97.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Nasdaq fell 647.16 points, or 5%, to 12,317.69.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Russell 2000 index of smaller companies fell 78.77 points, or 4%, to 1,871.15.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/fda-restricts-johnson-johnson-covid-19-vaccine-use-due-to-blood-clot-risk\\\">FDA restricts Johnson &amp; Johnson COVID-19 vaccine use due to blood clot risk</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Asian Markets\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Asian markets finished mixed on Thursday. The Shanghai Composite gained 0.68%, while the Hang Seng led the Nikkei 225 lower. They fell 0.36% and 0.11% respectively.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/are-will-and-jada-pinkett-smith-headed-for-divorce-reports-suggest-so\\\">Are Will and Jada Pinkett Smith headed for divorce? Reports suggest so</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"European Markets\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"European markets finished mixed on Thursday. The <a href=\\\"https://opoyi.com/topic/ftse\\\">FTSE</a> 100 gained 0.21%, while the DAX led the CAC 40 lower. They fell 0.49% and 0.43% respectively.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/uel-frankfurt-to-face-rangers-in-their-first-european-final-in-42-years\\\">UEL: Frankfurt to face Rangers in their first European final in 42 years</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Major News Headlines\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/adani-power-q4-results-profit-jumps-to-rs-4645-crore-ebidta-rises-271\\\">Adani Power Q4 Results: Profit jumps to Rs 4,645 crore, EBIDTA rises 271%</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/adani-group-beats-hdfc-in-market-cap-becomes-third-largest-conglomerate\\\">Adani</a>&nbsp;Power reported a multifold jump in consolidated net profit at Rs 4,645.47 crore in the March quarter of the financial year 2021-22 compared with Rs 13 crore in the corresponding quarter of fiscal 2021.&nbsp;The consolidated revenue of the company surged 93% YoY to Rs 13,307.92 crore in the March 2022 quarter from Rs 6,902.01 crore same quarter of the previous financial year. The consolidated net profit for the financial-year 2021-22 jumped to Rs 4,911.58 crore from Rs 1,269.98 crore in 2020-21. In the financial year 2022, total revenue increased to Rs 31,686.47 crore from Rs 28,149.68 crore in fiscal 2020-21. The March 2022 quarter revenues included prior period revenues of Rs 2,946 crore and prior period other income of Rs 1,982 crore.&nbsp;Consolidated EBITDA rose 271% YoY to Rs 7,942 crore in March 2022 quarter from Rs 2,143 crore in the March 2021 quarter. EBITDA stands for earnings before interest, taxes, depreciation, and amortization.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/tvs-motor-q4-results-net-profit-falls-14-yoy-to-rs-275-crore-revenue-rises\\\">TVS Motor Q4 Results: Net profit falls 14% YoY to Rs 275 crore, revenue rises</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/tvs-motor-acquires-stake-in-rapido-jwalamukhi-sells-326-lakh-shares-of-tvs\\\">TVS Motor</a>&nbsp;Company reported a 14% year-on-year (YoY) decline in consolidated net profit at Rs 275 crore in the March quarter of the financial year 2022 as compared to a profit of Rs 319 crore in the March 2021 quarter. On a sequential basis, the profit declined 5% from Rs 288 crore recorded in the December quarter of fiscal 2022.&nbsp;Revenue from operations for the Chennai-based automobile company rose to Rs 6,585 crore during the March 2022 quarter, as against Rs 6,132 crore in the year-ago period, the company said in a regulatory filing. TVS Motor’s overall two-wheeler and three-wheeler sales, including exports in the March quarter stood at 8.56 lakh units as against 9.27 lakh units recorded in the quarter ended March 2021. For the financial year ended March 31, 2022, the company reported a consolidated net profit of Rs 731 crore, up 20% from Rs 607 crore in the fiscal year 2020-21.&nbsp;The company’s board has declared an interim dividend of Rs 3.75 per share (375%) for the fiscal year 2021-22, amounting to a sum of Rs 178 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/lic-ipo-to-remain-open-on-saturday-sunday-for-retail-investors\\\">LIC IPO to remain open on Saturday, Sunday for retail investors</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In an unusual move, <a href=\\\"https://opoyi.com/english/lic-ipo-this-is-lic-30-says-chairman-mr-kumar\\\">Life Insurance Corporation of India’s</a> (LIC) initial public offering (IPO) will remain open for public subscriptions even on Saturday and Sunday, to attract investors for India’s biggest public issue launched on May 4. According to a notification from the National Stock Exchange (NSE), <a href=\\\"https://opoyi.com/topic/lic\\\">LIC</a> IPO will remain open until May 9, including Saturday, May 7, 2022. On the other hand, the Reserve Bank of <a href=\\\"https://opoyi.com/topic/india\\\">India</a> (RBI) has asked all Application Supported by Blocked Account (ASBA) designated bank branches to remain open on Sunday, May 8, 2022, to facilitate bidding for the mega initial public offering of LIC. LIC IPO will remain open for a subscription even on weekends, considering the large amount the government is looking to raise from the market. At the end of day one, the LIC IPO was subscribed 67% or 0.67 times, driven by strong interest from its policyholders, employees and the retail segment. The issue will remain open till May 9.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/explained-changes-in-repo-rates-and-their-impact-on-stock-market\\\">Explained: Changes in repo rates and their impact on stock market</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The <a href=\\\"https://opoyi.com/topic/rbi\\\">Reserve Bank of India (RBI)</a> unexpectedly <a href=\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\">hiked the key interest rate by 40 basis points</a> on Wednesday to contain inflation, which has stayed persistently over goal in recent months. The announcement caused market indexes to fall substantially, with the BSE <a href=\\\"https://opoyi.com/english/sensex-nifty-crash-over-2-after-rbis-surprise-rate-hike\\\">Sensex falling more than 1,400 points</a> in intraday trade. Investors' wealth on the BSE plunged by more than 6.27 lakh crore in a single day, showing that investors were caught off guard by the RBI's unexpected move. However, the potential of the same was in the cards, but not so soon. Another unexpected issue was the continuation of the accommodative stance. The link between the stock market and interest rates is inverse. When the central bank raises the repo rate, the stock market reacts immediately. This implies that a rise in the repo rate causes companies to scale back on expansion investment, resulting in a drop in growth and an impact on earnings and future cash flows, culminating in a drop in equity prices. Furthermore, the impact of a lower repo rate does not affect all sectors in the same way.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/us-abortion-rights-groups-call-for-nationwide-protests-on-may-14\\\">US abortion rights groups call for nationwide protests on May 14</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/bulkdeal\\\">Bulk Deal data</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"TANGO COMMOSALES LLP sold 1,43,500 shares in Akash Infra-Projects Limited at Rs 44.62 per share on the <a href=\\\"https://opoyi.com/topic/nse\\\">NSE</a>.&nbsp;&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"NIRAJ RAJNIKANT SHAH sold 15,600 shares in Bombay Metrics S C Limited at Rs 510.07 per share on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/bidens-host-mexicos-first-lady-as-guest-of-honour-at-cinco-de-mayo-party\\\">Bidens host Mexico's first lady as guest of honour at Cinco de Mayo party</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"VISTRA ITCL INDIA LIMITED sold 180,31,074 shares in Future Consumer Limited at Rs 2.85 per share on the <a href=\\\"https://opoyi.com/topic/nse\\\">NSE</a>.&nbsp;&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"AXIS INVESTMENTS sold 1,00,000 shares in Jeena Sikho Lifecare Limited at Rs 168.00 per share on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/pig-heart-used-in-first-human-transplant-had-virus-report\\\">Pig heart used in first human transplant had virus: Report</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"RAJASTHAN GLOBAL SECURITIES PVT LTD sold 3,60,000 shares in Krishna Def and Ald Ind Limited at Rs 83.50 per share on the <a href=\\\"https://opoyi.com/topic/nse\\\">NSE</a>.&nbsp;&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"URMILA SHASTRI sold 3,35,000 shares in Vaxtex Cotfab Limited at Rs 29.38 per share on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/no-more-passwords-apple-google-microsoft-to-adopt-new-sign-in-standard\\\">No more passwords: Apple, Google, Microsoft to adopt new sign-in standard</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/fiianddii\\\">DII and FII data</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Foreign institutional investors (FIIs) sold shares worth a net Rs 2,074.74 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 2,229.31 crore in the Indian equity market on May 5, as per provisional data available on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/aap-rocky-and-rihanna-tie-the-knot-in-new-dmb-music-video\\\">A$AP Rocky and Rihanna tie the knot in new ‘D.M.B’ music video</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/foban\\\">NSE F&amp;O Ban</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"No stock/security has been put under the F&amp;O ban for May 6. Securities in the ban period under the F&amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\"}}]}

<ul>
 <li>Sensex gained 33.20 points, or 0.06 % to 55,702.23, while the Nifty gained 5.05 points, or 0.03%, to 16,682.65</li>
 <li>Nifty or India VIX fell 7.24% to 20.29 on Thursday</li>
 <li>The trends on SGX Nifty indicate a negative opening for the index in India</li>
</ul>

Trade Setup: Top 15 things to know before market opens on May 6, 2022

TradeSetup

FTSE

indian

Energy

Asia

Environment

The BSE Sensex closed just 33.20 points or 0.06% higher at 55,702.23. Likewise, the NSE Nifty closed just 5.05 points or 0.03% higher to 16,682.65. On the sectoral front, power, capital goods and IT indices rose 1-2% each while realty, FMCG, and pharma indices fell 0.5-1.5%. BSE midcap and smallcap indices closed marginally lower. Also Read | Closing bell: Sensex gains 33 points, Nifty closes at 16,682,Here are the key stocks that moved the most on May 5:,Kotak Mahindra Bank: Shares of the private lender closed 0.94% higher at Rs 1,792.25 after the company reported a 64.5% rise in net profit to Rs 2,767.4 crore in the March 2022 quarter. Net Interest Income (NII) in the reported quarter jumped 17.6% to Rs 4,521 crore. Non-interest income surged 21.4% YoY to Rs 1,826 crore. Net Interest margin (NIM), a key measure of profitability, stood at 4.78%, up 39 bps from a year-ago period. Also Read | LIC IPO live updates: Largest public issue opens for subscription,Excide Industries: The share price fell 2.59% to close at Rs 148.35 after the company reported a 17.8% decline in its March 2022 quarter profit at Rs 271.1 crore compared to Rs 330 crore in the year-ago period. Revenue surged 16% YoY to Rs 3,408.6 crore compared to Rs 2,939 crore in the March 2021 quarter. Also Read | LIC IPO to remain open on Saturday, Sunday for retail investors,ABB India: Shares of the heavy electric maker surged 10.21% to close at Rs 2,220.05 after the company reported a 145% YoY rise in net profit to Rs 370 crore in the quarter ended March 2022 on strong topline and operating profit. Revenue during the March 2022 quarter grew by 21% to Rs 1,968 crore compared to the year-ago period. The company bagged orders worth Rs 2,291 crore in the reported quarter, up 25.5% YoY. Also Read | ABB India shares jump over 9% on strong March quarter results,Tata Consumer Products: Shares of the Tata Group company fell 2.99% to close at Rs 779.25 after the company reported a 222% jump in its consolidated profit after tax (PAT) of Rs 239 crore for the quarter ended March 2022, as compared to PAT of Rs 74.35 crore recorded during the same quarter of fiscal 2021. Sequentially, the profit declined 17.6% from Rs 290 crore achieved during the December 2021 quarter. Consolidated revenue surged 4.5% to Rs 3,175 crore in March 2022 quarter compared to Rs 3,075 crore during the same period a year ago. Also Read | Elon Musk could aggravate Twitter's misinformation problem: Bill Gates,Morepen Laboratories: The share price fell 11.04% to close at Rs 42.70 after the company posted a 54% decline in its consolidated net profit at Rs 12.3 crore in March 2022 quarter from Rs 26.7 crore in March 2021 quarter. Revenue surged 28.5% YoY at Rs 368.3 crore from Rs 286.6 crore.

{\"time\":1651756180547,\"strCount\":3387,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"The BSE Sensex closed just 33.20 points or 0.06% higher\\nat 55,702.23. Likewise, the NSE Nifty closed just 5.05 points or 0.03% higher\\nto 16,682.65.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On the sectoral front, power, capital goods and IT\\nindices rose 1-2% each while realty, <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a>, and pharma indices fell 0.5-1.5%.\\nBSE midcap and smallcap indices closed marginally lower.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/closing-bell-sensex-gains-33-points-nifty-closes-at-16682\\\">Closing bell: Sensex gains 33 points, Nifty closes at 16,682</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Here are the key stocks that moved the most on May 5:\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Kotak Mahindra Bank: Shares of the private lender closed\\n0.94% higher at Rs 1,792.25 after the company reported a 64.5% rise in net\\nprofit to Rs 2,767.4 crore in the March 2022 quarter. Net Interest Income (NII)\\nin the reported quarter jumped 17.6% to Rs 4,521 crore. Non-interest income\\nsurged 21.4% YoY to Rs 1,826 crore. Net Interest margin (NIM), a key measure of\\nprofitability, stood at 4.78%, up 39 bps from a year-ago period.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lic-ipo-live-updates-largest-public-issue-opens-for-subscription\\\">LIC IPO live updates: Largest public issue opens for subscription</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Excide Industries: The share price fell 2.59% to close at\\nRs 148.35 after the company reported a 17.8% decline in its March 2022 quarter\\nprofit at Rs 271.1 crore compared to Rs 330 crore in the year-ago period.\\nRevenue surged 16% YoY to Rs 3,408.6 crore compared to Rs 2,939 crore in the\\nMarch 2021 quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lic-ipo-to-remain-open-on-saturday-sunday-for-retail-investors\\\">LIC IPO to remain open on Saturday, Sunday for retail investors</a> \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ABB India: Shares of the heavy electric maker surged 10.21% to close at Rs 2,220.05 after the company reported a 145% YoY rise in net profit to Rs 370\\ncrore in the quarter ended March 2022 on strong topline and operating profit.\\nRevenue during the March 2022 quarter grew by 21% to Rs 1,968 crore compared to\\nthe year-ago period. The company bagged orders worth Rs 2,291 crore in the\\nreported quarter, up 25.5% YoY.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/abb-india-shares-jump-over-9-on-strong-march-quarter-results\\\">ABB India shares jump over 9% on strong March quarter results</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Tata Consumer Products: Shares of the Tata Group company\\nfell 2.99% to close at Rs 779.25 after the company reported a 222% jump in its\\nconsolidated profit after tax (PAT) of Rs 239 crore for the quarter ended March\\n2022, as compared to PAT of Rs 74.35 crore recorded during the same quarter of\\nfiscal 2021. Sequentially, the profit declined 17.6% from Rs 290 crore achieved\\nduring the December 2021 quarter. Consolidated revenue surged 4.5% to Rs 3,175\\ncrore in March 2022 quarter compared to Rs 3,075 crore during the same period a\\nyear ago.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/elon-musk-could-aggravate-twitters-misinformation-problem-bill-gates\\\">Elon Musk could aggravate Twitter's misinformation problem: Bill Gates</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Morepen Laboratories: The share price fell 11.04% to\\nclose at Rs 42.70 after the company posted a 54% decline in its consolidated\\nnet profit at Rs 12.3 crore in March 2022 quarter from Rs 26.7 crore in March\\n2021 quarter. Revenue surged 28.5% YoY at Rs 368.3 crore from Rs 286.6 crore.\"}}]}

<ul>
 <li>Kotak Mahindra Bank closed 0.94% higher at Rs 1,792.25</li>
 <li>Excide Industries fell 2.59% to close at Rs 148.35</li>
 <li>ABB India surged 10.21% to close at Rs 2,220.05</li>
</ul>

Kotak Mahindra, ABB India and other stocks that moved most on May 5

TataGroup

Equity markets nosedived in the late afternoon session on Wednesday after the Reserve Bank of India’s (RBI) sudden hike in the repo rate by 40 basis points (bps) to 4.40% to curb inflation. ,The BSE Sensex fell 1,306.96 points or 2.29% to close at 55,669.03. The NSE Nifty fell 391.50 points or 2.29% to close at 16,677.60. BSE midcap index fell 2.63% and the small-cap index fell 2.11%. Also Read | Sensex, Nifty crashes over 2% after RBI's surprise rate hike,Here are the key stocks that moved the most on May 4: ,Titan Company: The jewellery-to-watch maker closed 4.46% down at Rs 2,280 after it reported a lower-than-estimated profit for the quarter ended March 2022. The Tata Group firm reported a 7.2% YoY fall in net profit to Rs 491 crore for the quarter ended March 2022. The revenue grew 2% YoY to Rs 7,276 crore. The company’s board has recommended a dividend of Rs 7.5 per share for the financial year 2021-22. Also Read | RBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity,Britannia Industries: Shares of FMCG major Britannia Industries jumped 3.29% to close at Rs 3,379.00 after the company reported a 5% growth in consolidated net profit at Rs 377.95 crore in the March 2022 quarter against Rs 360.07 crore in the same quarter of fiscal 2021. Total revenue from operations grew 15.5% to Rs 3,508 crore in the fourth quarter, up from Rs 3,038 crore in the March 2021 quarter. Also Read | RBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das,Adani Ports and Special Economic Zone (APSEZ): Shares of APSEZ fell 5.21% to close at Rs 811.95 after the company said it handled a cargo volume of 28.64 MMT in April 2022, up 17% from 24.24 MMT in April 2021. The agriculture cargo and fertilizer handling at its port increased 350% YoY. Overall, April was the second straight month, with cargo volumes crossing a record level of 28 MMT, the company said in a release. Also Read | Key announcements from RBI Governor Shaktikanta Das,Kotak Mahindra Bank: Shares of the private lender surged over 2% after it reported a strong quarterly report. However, the RBI’s sudden 40 bps hike in the repo rate drove selling in equities, resulting in the stock closing off its intra-day high, up 0.08% at Rs 1,775.90.

{\"time\":1651669954223,\"strCount\":2892,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Equity markets nosedived in the late afternoon session on Wednesday after the Reserve Bank of India’s (RBI) sudden hike in the <a href=\\\"https://opoyi.com/english/rbi-keeps-lending-rates-unchanged-what-are-repo-and-reverse-repo-rates\\\">repo rate</a> by 40 basis points (bps) to 4.40% to curb inflation. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The BSE Sensex fell 1,306.96 points or 2.29% to close at 55,669.03. The NSE Nifty fell 391.50 points or 2.29% to close at 16,677.60. BSE midcap index fell 2.63% and the small-cap index fell 2.11%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/sensex-nifty-crash-over-2-after-rbis-surprise-rate-hike\\\">Sensex, Nifty crashes over 2% after RBI's surprise rate hike</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Here are the key stocks that moved the most on May 4:&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Titan Company: The jewellery-to-watch maker closed 4.46% down at Rs 2,280 after it reported a lower-than-estimated profit for the quarter ended March 2022. The Tata Group firm reported a 7.2% YoY fall in net profit to Rs 491 crore for the quarter ended March 2022. The revenue grew 2% YoY to Rs 7,276 crore. The company’s board has recommended a dividend of Rs 7.5 per share for the financial year 2021-22.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/rbi-raises-crr-by-50-bps-to-45-from-may-21-to-tighten-liquidity\\\">RBI raises CRR by 50 bps to 4.5% from May 21 to tighten liquidity</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Britannia Industries: Shares of <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> major Britannia Industries jumped 3.29% to close at Rs 3,379.00 after the company reported a 5% growth in consolidated net profit at Rs 377.95 crore in the March 2022 quarter against Rs 360.07 crore in the same quarter of fiscal 2021. Total revenue from operations grew 15.5% to Rs 3,508 crore in the fourth quarter, up from Rs 3,038 crore in the March 2021 quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/rbi-raises-repo-rate-by-40-bps-to-440-says-governor-shaktikanta-das\\\">RBI raises repo rate by 40 bps to 4.40% says Governor Shaktikanta Das</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Adani Ports and Special Economic Zone (APSEZ): Shares of APSEZ fell 5.21% to close at Rs 811.95 after the company said it handled a cargo volume of 28.64 MMT in April 2022, up 17% from 24.24 MMT in April 2021. The agriculture cargo and fertilizer handling at its port increased 350% YoY. Overall, April was the second straight month, with cargo volumes crossing a record level of 28 MMT, the company said in a release.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/interest-rates-inflation-and-economy-key-announcements-from-rbi-governor-shaktikanta-das\\\">Key announcements from RBI Governor Shaktikanta Das</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Kotak Mahindra Bank: Shares of the private lender surged over 2% after it reported a strong quarterly report. However, the RBI’s sudden 40 bps hike in the repo rate drove selling in equities, resulting in the stock closing off its intra-day high, up 0.08% at Rs 1,775.90.\"}}]}

<ul>
 <li>Titan Company closed 4.46% down at Rs 2,280</li>
 <li>Britannia Industries jumped 3.29% to close at Rs 3,379.00</li>
 <li>Shares of APSEZ fell 5.21% to close at Rs 811.95</li>
</ul>

Titan Company, Britannia and other stocks that moved most on May 4

Titan

RBIMonetaryPolicy

Finance

Adani Wilmar Limited (AWL) announced the acquisition of renowned Basmati rice brand- Kohinoor for the India region from McCormick Switzerland GMBH for an undisclosed amount. The acquisition will give Adani Wilmar exclusive rights over the brand ‘Kohinoor’ Basmati rice along with ‘Ready to Cook’, ‘Ready to Eat’ curries and meals portfolio under the Kohinoor Brand umbrella in India. The Kohinoor brand portfolio includes Kohinoor – for premium Basmati rice, Charminar – for affordable rice and Trophy for hotels, restaurants, and catering (HORECA) segment. All three brands already have a sale of Rs 300 crore a year, the company said. Also Read | LIC IPO: Insurance behemoth raises over Rs 5,000 crore via anchor investors,“The addition of Kohinoor’s domestic brand portfolio strengthens Adani Wilmar’s leadership position in the food FMCG category by augmenting a strong product basket with the premium brand along with the potential to scale value-added products,” Adani Wilmar said in a stock exchange filing. “It also leverages the reach of Kohinoor brand to drive synergies for AWL across geographies and complements the reach of its flagship brand ‘Fortune’ in the food FMCG domain,” it added. Also Read | Akshaya Tritiya 2022: How and where to buy digital gold safely,AWL, which is already the largest edible oil importer, refiner, and marketer in India, will strengthen its position in the branded rice market with the acquisition of Kohinoor brands. The acquisition by the Ahmedabad-based firm aligns well with its strategy to expand the packaged foods and personal care portfolio by capacity expansion and acquisitions. The deal will allow the firm cross-leverage its distribution and production capacities while helping gain market share and strengthen its portfolio, which AWL desperately need to improve its margins. Also Read | NSE, BSE to remain closed on May 3 on account of Eid-Ul-Fitr,Adani Wilmar is actively looking for brands to acquire that can help it to scale and improve its margins. In the financial year 2021-22, AWL’s food and personal care business grew 38% to Rs 2,621 crore from Rs 1,905 crore in the financial year 2020-21. Also Read | Vedanta aims to raise up to $3 billion in debt for semiconductor boost,Adani Wilmar’s flagship brand Fortune already has a strong presence in packaged foods including packaged wheat flour, rice, pulses, besan, sugar, soya chunks, and cereals-based products.

{\"time\":1651571165506,\"strCount\":3043,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/adani-group-beats-hdfc-in-market-cap-becomes-third-largest-conglomerate\\\">Adani</a> Wilmar Limited (AWL) announced the acquisition of\\nrenowned Basmati rice brand- Kohinoor for the <a href=\\\"https://opoyi.com/topic/india\\\">India</a> region from McCormick\\nSwitzerland GMBH for an undisclosed amount.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The acquisition will give Adani Wilmar exclusive rights\\nover the brand ‘Kohinoor’ Basmati rice along with ‘Ready to Cook’, ‘Ready to\\nEat’ curries and meals portfolio under the Kohinoor Brand umbrella in India.\\nThe Kohinoor brand portfolio includes Kohinoor – for premium Basmati rice,\\nCharminar – for affordable rice and Trophy for hotels, restaurants, and\\ncatering (HORECA) segment. All three brands already have a sale of Rs 300 crore\\na year, the company said.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lic-ipo-insurance-behemoth-raises-over-rs-5000-crore-via-anchor-investors\\\">LIC IPO: Insurance behemoth raises over Rs 5,000 crore via anchor investors</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"“The addition of Kohinoor’s domestic brand portfolio\\nstrengthens Adani Wilmar’s leadership position in the food FMCG category by\\naugmenting a strong product basket with the premium brand along with the\\npotential to scale value-added products,” Adani Wilmar said in a stock exchange\\nfiling.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"“It also leverages the reach of Kohinoor brand to drive\\nsynergies for AWL across geographies and complements the reach of its flagship\\nbrand ‘Fortune’ in the food FMCG domain,” it added.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/akshaya-tritiya-2022-how-and-where-to-buy-digital-gold-safely\\\">Akshaya Tritiya 2022: How and where to buy digital gold safely</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"AWL, which is already the largest edible oil importer,\\nrefiner, and marketer in India, will strengthen its position in the branded\\nrice market with the acquisition of Kohinoor brands.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The acquisition by the Ahmedabad-based firm aligns well\\nwith its strategy to expand the packaged foods and personal care portfolio by\\ncapacity expansion and acquisitions. The deal will allow the firm\\ncross-leverage its distribution and production capacities while helping gain\\nmarket share and strengthen its portfolio, which AWL desperately need to\\nimprove its margins.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/nse-nifty-bse-sensex-to-remain-closed-on-may-3-on-account-of-eid-ul-fitr\\\">NSE, BSE to remain closed on May 3 on account of Eid-Ul-Fitr</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Adani Wilmar is actively looking for brands to acquire\\nthat can help it to scale and improve its margins. In the financial year\\n2021-22, AWL’s food and personal care business grew 38% to Rs 2,621 crore from\\nRs 1,905 crore in the financial year 2020-21.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/vedanta-aims-to-raise-up-to-3-billion-in-debt-for-semiconductor-boost\\\">Vedanta aims to raise up to $3 billion in debt for semiconductor boost</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Adani Wilmar’s flagship brand Fortune already has a\\nstrong presence in packaged foods including packaged wheat flour, rice, pulses,\\nbesan, sugar, soya chunks, and cereals-based products. \"}}]}

<ul>
 <li>Adani Wilmar has acquired Basmati rice brand- Kohinoor for the India region</li>
 <li>Kohinoor brand portfolio includes Kohinoor, Charminar and Trophy brands</li>
 <li>AWL will strengthen its position in the branded rice market</li>
</ul>

Adani Wilmar acquires rice brand Kohinoor to strengthen market position

rice

Ahmedabad

IndiaNews

Mumbai, Apr 28 (PTI) Benchmark stock indices Sensex and Nifty rebounded by over 1 per cent on Thursday, propelled by buying in index majors Reliance Industries, HUL and Infosys along with an overall positive trend in global markets. The 30-share BSE benchmark jumped 701.67 points or 1.23 per cent to end at 57,521.06. During the day, it zoomed 971.46 points or 1.70 per cent to 57,790.85 amid the expiry of the derivatives contracts. The NSE Nifty rallied 206.65 points or 1.21 per cent to 17,245.05 as 45 of its stocks ended in green. Markets rebounded sharply and ended the monthly derivatives expiry session with decent gains. In continuation to the prevailing trend, upbeat global cues triggered a firm start which further strengthened with healthy buying in select index majors from FMCG, energy, banking and IT space, Ajit Mishra, VP - Research, Religare Broking Ltd said. Among Sensex scrips, Hindustan Unilever spurted the most by 4.55 per cent after the company posted better-than-expected financial results for the fourth quarter of FY22. HUL posted an 11 per cent growth in domestic business on a flat volume growth due to a high base effect. Reliance Industries rose by 1.49 per cent after a tripartite partnership of investment venture Bodhi Tree Systems, Viacom18 and Reliance Projects & Property Management Services Ltd was announced on Wednesday. Reliance also became the first Indian company to cross a market valuation of USD 250 billion. Bodhi Tree Systems, a venture of James Murdoch's Lupa Systems and Uday Shankar, ex-Chairman of Star and Disney India, will invest Rs 13,500 crore in broadcaster Viacom18 while Reliance arm will put in Rs 1,645 crore. Among other gainers, Asian Paints jumped 3.18 per cent, PowerGrid by 2.79 per cent, NTPC by 2.67 per cent and L&T by 2.47 per cent. SBI rose by 2.02 per cent, Infosys by 1.94 per cent, Axis Bank by 1.81 per cent, Sun Pharma by 1.6 per cent, ITC by 1.4 per cent and ICICI Bank by 1.39 per cent. Kotak Bank, IndusInd Bank, Maruti, Bajaj Finserv, Tata Steel and Dr Reddy's also advanced. In contrast, Bharti Airtel, M&M, HCL Technologies and HDFC Bank were the laggards. A smart pullback rally on the last day of April F&O expiry series helped the markets rebound amidst wild intra-day gyrations during the week, said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd. Volatility is beginning to be the new normal for investors as haze over rising inflation, possible interest rate hikes and fluctuating oil prices have kept equity as an asset class in tight leash, Chouhan said. In the broader market, the BSE midcap gauge jumped 0.83 per cent and smallcap index gained 0.12 per cent. Among BSE sectoral indices, FMCG emerged as the biggest gainer with 2.08 per cent jump, followed by power (1.88 per cent), utilities (1.76 per cent), bank (1.22 per cent) and energy (1.15 per cent). Telecom was the only laggard with 0.78 per cent decline. Investors preference is shifting to safe-haven assets due to volatile equity market and global uncertainties indicated by rising US Dollar index. FPIs are in a selling mode while domestic investors are positive and will focus on defensives like consumption and domestic growth sectors like infra & capital goods, Vinod Nair, Head of Research at Geojit Financial Services said. Volatility is expected to continue in the short-term due to weakening global trade and we suggest investors to have rationale expectations focusing on domestic growth sectors like CAPEX, banking and defensives, Nair said. The US dollar soared to a five-year high against a basket of global currencies amid rush to safe-haven assets. The dollar index traded at 10.3.4 while the greenback surged past the 130 level against the Japanese yen as Bank of Japan continued with its accommodative stance. Analysts said the dollar index at 103 indicates flight to safety and this implies that FPIs will continue to sell in this market. FPIs offloaded shares worth over Rs 4,000 crore on net basis on Wednesday. The rally in domestic stocks was supported by gains in global markets. Stock markets in Tokyo, Hong Kong, Shanghai and Seoul ended with healthy gains. Stocks in the US had ended mostly higher on Wednesday. Markets in Europe were trading in the green in the afternoon session. The Sensex had tumbled 537.22 points or 0.94 per cent to end at 56,819.39 points on Wednesday. The NSE Nifty declined 162.40 points or 0.94 per cent to 17,038.40 points. Meanwhile, international oil benchmark Brent crude slipped 0.07 per cent to USD 105.33 per barrel.

Sensex, Nifty rally over 1 pc on gains in energy, IT, banking shares

Infosys

Reliance

Mumbai

FMCG giant Hindustan Unilever Ltd (HUL) reported a standalone net profit of Rs 2,327 crore for the quarter ended March 31, 2022, up by 8.6% from Rs 2,143 crore in the final quarter of the financial year 2021. Sequentially, the net profit has risen by 3.7% compared to the net profit of Rs 2,243 crore in the December 2021 quarter. Also Read | LIC IPO to open on May 4, issue price fixed at Rs 902-949,The standalone March 2022 quarter revenue from operations stood at Rs 13,462 crore, a rise of 11% from Rs 12,132 crore reported in the final quarter of the previous financial year. Sequentially, the revenue from operations increased 2.8% from Rs 13,092 crore reported in the December 2021 quarter. The conglomerate’s consolidated net profit for the March 2022 quarter rose 5.34% to Rs 2,307 crore as compared to Rs 2,190 crore in the March quarter of fiscal 2021. Also Read | Adani Group beats HDFC in market cap, becomes third-largest conglomerate,HUL’s standalone net sales grew 10.40% to Rs 13,190 crore for the March 2022 quarter compared to Rs 11,947 crore in the March 2021 quarter. Consolidated revenue from sales during the reported quarter stood at Rs 13,468 crore, up 10.21% as against Rs 12,220 crore in the year-ago quarter. Also Read | Tesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover,The company’s board has recommended a final dividend of Rs 19 per share for the financial year 2021-22 on the face value of Rs 1 per share. Along with Rs 15 interim dividend paid in November, the total dividend for the financial year 2021-22 comes in at Rs 34 per share. EBITDA grew 10% year-on-year to Rs 3,245 crore during the March quarter. Also Read | Elon Musk's Twitter takeover means early Christmas for Morgan Stanley,For the financial year 2021-22, HUL’s consolidated net profit grew 11.16% to Rs 8,892 crore compared to Rs 7,999 crore in fiscal 2021. Revenue from operations stood at Rs 51,472 crore in the financial year 2021-22, up 11.24% from Rs 46,269 crore in the previous year. Also Read | Why young Indians are no longer seeking jobs,HUL Managing Director and Chief Executive Officer Sanjiv Mehta said “I am also pleased that we have become a Rs 50,000 crore turnover company in this fiscal. Our consistent performance is reflective of our strategic clarity, the strength of our brands, operational excellence, and dynamic financial management of our business. On Wednesday, Hindustan Unilever’s shares closed 0.37% down at Rs 2,140.50 per share on NSE.

{\"time\":1651076262129,\"strCount\":3127,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"FMCG giant <a href=\\\"https://opoyi.com/english/hindustan-unilever-in-talks-to-buy-mdh-spices-report\\\">Hindustan Unilever</a> Ltd (HUL) reported a\\nstandalone net profit of Rs 2,327 crore for the quarter ended March 31, 2022,\\nup by 8.6% from Rs 2,143 crore in the final quarter of the financial year 2021.\\nSequentially, the net profit has risen by 3.7% compared to the net profit of Rs\\n2,243 crore in the December 2021 quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lic-ipo-to-open-on-may-4-issue-price-fixed-at-rs-902-949\\\">LIC IPO to open on May 4, issue price fixed at Rs 902-949</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The standalone March 2022 quarter revenue from operations\\nstood at Rs 13,462 crore, a rise of 11% from Rs 12,132 crore reported in the\\nfinal quarter of the previous financial year. Sequentially, the revenue from\\noperations increased 2.8% from Rs 13,092 crore reported in the December 2021\\nquarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The conglomerate’s consolidated net profit for the March\\n2022 quarter rose 5.34% to Rs 2,307 crore as compared to Rs 2,190 crore in the\\nMarch quarter of fiscal 2021.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/adani-group-beats-hdfc-in-market-cap-becomes-third-largest-conglomerate\\\">Adani Group beats HDFC in market cap, becomes third-largest conglomerate</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"HUL’s standalone net sales grew 10.40% to Rs 13,190 crore\\nfor the March 2022 quarter compared to Rs 11,947 crore in the March 2021\\nquarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Consolidated revenue from sales during the reported\\nquarter stood at Rs 13,468 crore, up 10.21% as against Rs 12,220 crore in the\\nyear-ago quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/teslas-valuation-falls-by-126-billion-amid-elon-musks-twitter-takeover\\\">Tesla's valuation falls by $126 billion amid Elon Musk's Twitter takeover</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The company’s board has recommended a final dividend of\\nRs 19 per share for the financial year 2021-22 on the face value of Rs 1 per\\nshare. Along with Rs 15 interim dividend paid in November, the total dividend\\nfor the financial year 2021-22 comes in at Rs 34 per share.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"EBITDA grew 10% year-on-year to Rs 3,245 crore during the\\nMarch quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/elon-musks-twitter-takeover-means-early-christmas-for-morgan-stanley\\\">Elon Musk's Twitter takeover means early Christmas for Morgan Stanley</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"For the financial year 2021-22, HUL’s consolidated net\\nprofit grew 11.16% to Rs 8,892 crore compared to Rs 7,999 crore in fiscal 2021.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Revenue from operations stood at Rs 51,472 crore in the\\nfinancial year 2021-22, up 11.24% from Rs 46,269 crore in the previous year.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/why-young-indians-are-no-longer-seeking-jobs\\\">Why young Indians are no longer seeking jobs</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"HUL Managing Director and Chief Executive Officer Sanjiv\\nMehta said “I am also pleased that we have become a Rs 50,000 crore turnover\\ncompany in this fiscal. Our consistent performance is reflective of our\\nstrategic clarity, the strength of our brands, operational excellence, and\\ndynamic financial management of our business\\\".\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On Wednesday, Hindustan Unilever’s shares closed 0.37%\\ndown at Rs 2,140.50 per share on NSE.\"}}]}

<ul>
 <li>HUL reported a standalone net profit of Rs 2,327 crore</li>
 <li>Revenue from operations stood at Rs 13,462 crore</li>
 <li>Company’s board has recommended a final dividend of Rs 19 per share</li>
</ul>

HUL Q4 Results: Profit rises 9% YoY to Rs 2,327 crore, declares Rs 19 dividend

Results

company

Nestle India's shares slid 2.28% to Rs 17,895.6 after the FMCG company's net profit dipped 1.25% to Rs 594.7 crore in the March 2022 quarter compared to the March 2021 quarter. Also Read| Crypto news daily: Bitcoin data and price analysis for Thursday, April 21, 2022,Net sales increased 9.7% to Rs 3950 crore in the March 2022 quarter, up from Rs 3600 crore in the March 2021 quarter. In Q1 CY22, the FMCG giant's profit before exceptional items and taxes declined 0.69% to Rs 806.2 crore, compared to Rs 806.2 crore in Q1 CY21. Also Read| Gold, silver and other metal prices on Thursday, April 21, 2022,For the quarter that ended March 2022, total sales and domestic sales both climbed by 9.7% and 10.2%, respectively. Nestle noted that increasing commodity prices affected profitability since the cost of commodities consumed rose, particularly edible oil, milk and its derivatives, and packaging materials. ,Also Read| Infosys, TCS invoke job clause as attrition rate rises,In Q1 CY22, Nestle's total costs increased by about 13% year on year to Rs 3,195.9 crore, compared to Rs 3,195.9 crore in Q1 CY21. The cost of consumed raw materials grew by about 22% to Rs 1845.9 crore. Also Read| Fuel price today: Petrol and Diesel rates remain unchanged on April 21, 2022,Commenting on the results, Suresh Narayanan, chairman and MD of Nestlé India said, “I am pleased to share that in this quarter we have delivered double-digit domestic sales driven by volume and mix, which once again demonstrates the strength of our brands, consumer resonance and the resilience of the Nestlé India team and our partners. Our key brands continue to perform well with Maggi Noodles, KitKat, Nestlé Munch, Nescafé Classic and Sunrise posting creditable double-digit growth in this quarter. This growth across a range of categories was enabled by a mix of innovative campaigns, attractive consumer promotions, analytics-based consumer insights, geo-targeted distribution drives and leveraging the opportunity of festive seasons.”,Also Read| Sensex jumps over 420 points while Nifty around 17,250 in early trade,“Our endeavour is to continue on the path of penetration led volume growth with determination. Our robust performance in e-commerce continued as the channel grew by 71% and now contributes 6.3% of domestic sales. As highlighted in previous quarters, the cost of key raw and packaging materials is witnessing 10-year highs, and costs continued to surge this quarter which has impacted profit from operations. Continued inflation is likely to be a key factor in the short to medium term. We are confident of facing this turbulence with strategies of scale, efficiencies, mix and pricing all of which we will deploy judiciously” he added. Also Read| Trending Stocks: Tata Steel, Gland Pharma, RIIL, ICICI and others in news today,Nestle India produces globally recognised brands such as Nescafé, Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid, and Nestea, as well as items for everyday consumption and usage such as Nestlé Milk, Nestlé Slim Milk, Nestlé Dahi, and Nestlé Jeera Raita.

{\"time\":1650523636274,\"strCount\":3892,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/nestle\\\">Nestle</a> India's shares slid 2.28% to Rs 17,895.6 after the <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> company's net profit dipped 1.25% to Rs 594.7 crore in the March 2022 quarter compared to the March 2021 quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/crypto-news-daily-bitcoin-data-and-price-analysis-for-thursday-april-21-2022\\\">Crypto news daily: Bitcoin data and price analysis for Thursday, April 21, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Net sales increased 9.7% to Rs 3950 crore in the March 2022 quarter, up from Rs 3600 crore in the March 2021 quarter. In Q1 CY22, the FMCG giant's profit before exceptional items and taxes declined 0.69% to Rs 806.2 crore, compared to Rs 806.2 crore in Q1 CY21.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-thursday-april-21-2022\\\">Gold, silver and other metal prices on Thursday, April 21, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"For the quarter that ended March 2022, total sales and domestic sales both climbed by 9.7% and 10.2%, respectively.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Nestle noted that increasing commodity prices affected profitability since the cost of commodities consumed rose, particularly edible oil, milk and its derivatives, and packaging materials.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/infosys-tcs-invoke-job-clause-as-attrition-rate-rises\\\">Infosys, TCS invoke job clause as attrition rate rises</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In Q1 CY22, Nestle's total costs increased by about 13% year on year to Rs 3,195.9 crore, compared to Rs 3,195.9 crore in Q1 CY21. The cost of consumed raw materials grew by about 22% to Rs 1845.9 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/fuel-price-today-petrol-and-diesel-rates-remain-unchanged-on-april-21-2022\\\">Fuel price today: Petrol and Diesel rates remain unchanged on April 21, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Commenting on the results, Suresh Narayanan, chairman and MD of Nestlé India said, “I am pleased to share that in this quarter we have delivered double-digit domestic sales driven by volume and mix, which once again demonstrates the strength of our brands, consumer resonance and the resilience of the Nestlé India team and our partners. Our key brands continue to perform well with Maggi Noodles, KitKat, Nestlé Munch, Nescafé Classic and <a href=\\\"https://opoyi.com/topic/sunrise\\\">Sunrise</a> posting creditable double-digit growth in this quarter. This growth across a range of categories was enabled by a mix of innovative campaigns, attractive consumer promotions, analytics-based consumer insights, geo-targeted distribution drives and leveraging the opportunity of festive seasons.”\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/sensex-jumps-over-420-points-while-nifty-around-17250-in-early-trade\\\">Sensex jumps over 420 points while Nifty around 17,250 in early trade</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"“Our endeavour is to continue on the path of penetration led volume growth with determination. Our robust performance in e-commerce continued as the channel grew by 71% and now contributes 6.3% of domestic sales. As highlighted in previous quarters, the cost of key raw and packaging materials is witnessing 10-year highs, and costs continued to surge this quarter which has impacted profit from operations. Continued inflation is likely to be a key factor in the short to medium term. We are confident of facing this turbulence with strategies of scale, efficiencies, mix and pricing all of which we will deploy judiciously” he added.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/trending-stocks-tata-steel-gland-pharma-riil-icici-and-others-in-news-today\\\">Trending Stocks: Tata Steel, Gland Pharma, RIIL, ICICI and others in news today</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Nestle India produces globally recognised brands such as Nescafé, Maggi, Milkybar, Kit Kat, Bar-One, Milkmaid, and Nestea, as well as items for everyday consumption and usage such as Nestlé Milk, Nestlé Slim Milk, Nestlé Dahi, and Nestlé Jeera Raita.\"}}]}

<ul>
 <li>Nestle India's net profit dipped 1.25% to Rs 594.7 crore in the March 2022 quarter</li>
 <li>&nbsp;The company's net sales increased 9.7% to Rs 3950 crore in the same quarter</li>
 <li>In Q1 CY22, Nestle's total costs increased by about 13% year on year to Rs 3,195.9 crore</li>
</ul>

Nestle share slips over 2% after reporting 1.25% fall in Q1 net profit

Nestle

sunrise

Mumbai (Maharashtra) [India], April 15: India's only platform and community for the B2B contract manufacturing and private label industry, CMPL Expo has announced the next edition of its coveted showcase event. The 4th edition of CMPL Expo will be held at the state-of-the-art, brand new venue - The Jio World Convention Centre, BKC, Mumbai over 2 days - 28th and 29th April 2022. Organized by CMPL Expo-Connect LLP, CMPL is India's only private label supplier sourcing platform. Since its inception in 2019, CMPL Expo continues to connect Retailers, D2C Brands, Start-ups, FMCG Brand owners, Speciality Retailers, Pharmacy chains, and other buyer groups, with manufacturers from the food and non-food categories, packaging suppliers and other service providers and has today successfully created an ecosystem for the industry to connect, share insights, address challenges and discuss case-studies and drive business opportunities for all stakeholders under one roof. The Exhibition will showcase products ranging from personal care, beauty, cosmetics, hygiene, food, home care, beverages, pet care, nutritional products, health supplements, cleaning, packaging, perfumes and more, all under one roof. The Conference Knowledge Series will focus on strategies, best practices and case-studies from leading D2C Brands, Retailers, PE/VC firms and contract manufacturers. Talking about the announcement of CMPL (Contract Manufacturing & Private Label) Exhibition, Mr. Vicky Menezes Founder of the company said, CMPL Expo brings together retailers, brands, trade buyers, startups, D2C players and wholesalers, to discover latest trends, product innovation and find new manufacturing partners to develop new lines. We are ready to reconnect the industry, with safety regulations in place. “We are thrilled to host the 2022 edition in the in-person format after a gap of just over 2 years. This year we welcome the participation of over 200 exhibitors and over 4,500 industry colleagues attending from the FMCG contract manufacturing industry - food, beverages, beauty, cosmetics, personal care, hygiene, cleaning and other sectors. CMPL Expo serves as a gateway to India's contract manufacturing industry. Through our platform, we help exhibitors present their major innovations, manufacturing expertise and connect them to the B2B community he further added. This year, CMPL Expo welcomes brands like mCaffeine, Purplle, HUL, Amazon, bigbasket, Trent, Dmart, Reliance Retail, Tata Consumer, Marico, Godrej Consumer Products, Mamaearth, Pee Safe, Plum, Baccarose Perfumes, Faces Canada, Dabur, ITC, Myntra, Flipkart, Amway, Kapiva, and many more. Some of the leading manufacturers who will be exhibiting at this year's show include Hindustan Foods, Vanity Case Group of Companies, Maxima Solutions, Ambe Phytoextracts, Clarion Cosmetics, Kapco International, Rossari Biotech, Concepts Hygiene, JHS Svendgaard, All Mask, Shubh Food Products, Fit & Flex, Qoot, Sarvotham Care, Uniclan, Sun Chem India, Swara Baby Products, PAN Health, Ten O'clock Naturals, Alliance World, Primacy Industries, AG Polypacks, Weener Empire, Mahika Packaging, Regent Plast, and many others. The attendees can look forward to market insights, trends and latest innovations from speakers and industry leaders from Retailers, D2C Brands, Contract Manufacturers, Packaging experts and facilitators of the funding wave; PE/VC firms. The number of exhibitors to date is almost 200, and we've seen a growth of nearly 180% from the last edition of the event. This reiterates the fact that CMPL is now the industry's go-to platform for all things private label! Packaging is the most crucial element to develop any brand and at CMPL this year, experts from the industry - Centdegrés, Encept Premedia, Acumen Packaging, Orianna Decorpack, will share insights, with workshops, presentations and specialist conferences. Retail Intelligence experts, NielsenIQ will also be presenting their analysis and forecasts for 2022. CMPL will also host The CMPL Awards Nite - A Celebration of the Industry's Best Retailer Brands, D2C Brands and Contract Manufacturers. Join us for the largest gathering of the FMCG contract manufacturing industry: • 200+ Exhibitors of Food, Non-Food and Packaging • 4,500+ Trade Visitors • CMPL Knowledge Series - 50+ Industry Leaders sharing the stage to discuss trends, strategies and solutions • CMPL Awards - 60+ Award categories for D2C Brands, Retailers and Contract Manufacturers Therefore, we invite Retailers, Brand-owners, D2C Brands, Startups, Hospitality professionals, Spas and Salons, Health & Pharmacies, Ecommerce retailers, etc. to visit this power-packed event to find their pertinent manufacturing allies. You can explore more @ cmplexpo.com PWR PWR

2 Power-packed days of Insights, Learning, Connections and Business by CMPL (Contract Manufacturing & Private Label)

Maharashtra

Mumbai, April 12, 2022: Courseplay, the AI powered employee experience platform that focuses on transforming employee growth through learning, announced the appointment of Mr. Pankaj Baradia, as Vice President of Sales. Pankaj will take charge of sales team leadership. He will also be responsible for accelerating Courseplay’s revenue through expanding presence in new geographies, development of new channels, and contributing extensively to the company’s marketing and business strategies. Mr. Arjun Gupta, Founder & CEO, Courseplay said, “Pankaj is an outstanding addition to our Courseplay team, as he brings a deep blend of enterprise-building experience and what it takes to deliver client success. As Courseplay continues its rapid growth and focuses across the APAC & EMEA regions, Pankaj’s sales leadership, and his strong background in building top performing teams will further expedite Courseplay’s growth”. “I am honoured to join the Courseplay team. My vision would be to build on the solid foundation developed over the last six years. Employee experience and HR Tech as a whole are the fastest growing segments in the enterprise SaaS sector with SaaS spending across companies of varying operational sizes projected to reach a value of $500 billion by the year 2025. Courseplay is perfectly positioned to help its clients digitally transform their workforce for better employee experience and compete in the modern, digital marketplace,” said Mr. Pankaj Baradia, Vice President- Sales, Courseplay. Pankaj brings over 12 years of sales and leadership experience to Courseplay, with 9 of those years in the highly dynamic start-up ecosystem. Pankaj has gained expertise in Enterprise Management, Business Development through major Corporates, developing procedures, service standards & operational policies for business excellence. About Courseplay: Courseplay is an AI-powered employee experience platform that focuses on transforming employee growth through learning. Courseplay brings to the table end-to-end solutions in training delivery, employee engagement, workflow automation and impact measurement. Till date the start-up has engaged more than a million employees across India, Southeast Asia, and the Middle East. With over 100,000+ activities offered in the form of e-learning titles, behavioural scorecards, coaching evaluations, performance management, assessments and more, the breadth and depth of services is one of the reasons that makes Courseplay a perfect choice for industry-leading companies. Courseplay specializes in global implementations for enterprises, often with complex business processes. Courseplay has extensive expertise in the industries like Manufacturing, Distribution, E-Commerce, Aerotech, FMCG, Cosmetics & Healthcare, Innovative Retail, High-tech, ITeS and media/entertainment industries. Further information about Courseplay can be found at www.courseplay.co. PWR PWR

Employee Growth platform Courseplay appoints Pankaj Baradia as Vice President Sales

KOLHAPUR, India, April 5, 2022 /PRNewswire/ -- Ghodawat Consumer Ltd. (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), has achieved a momentous milestone of crossing INR 1400cr revenue in FY22. Founded in 2013, GCL has focused on constant product innovation, customer - centricity, affordability and quality, creating a unique brand identity for itself. These value-based practices have enabled GCL to achieve 1,400 cr in revenue with a growth of 40% YOY and are on track to achieve INR 2000 cr revenue in FY23. GCL started its journey by manufacturing edible oils and with increasing consumer acceptance, trust and the notable success, the company was encouraged to expand and diversify its product portfolio to include staples, impulse and non-food categories. GCL's Fizzinga - carbonated drinks, Frustar – fruit drinks, Star Water and RIDER – Energy Drink are among the top-selling products in the beverages category. A new inclusion is the dairy division offering of Star Ghee, Hapy Milkshakes and Star Flavoured Milk. The wide-ranging products are manufactured at GCL's state-of-the-art facilities under the supervision of its adept team who adhere to the most stringent manufacturing protocols. STAR brand Atta, Edible Oil, Jaggery, Pulses, Rice, Salt, Sugar, Snacks and assorted namkeen's are now household names in Maharashtra and Karnataka, and so are the Ayurstar range of personal care products and the Klemax range of homecare products. GCL also has a range of bakery products that would make you fall in 'Love at First Bite' in categories like Cakes, Muffins, Rusk and Wafer Biscuits. Elated by the achievement, Shrenik Ghodawat, MD - GCL, said, We have made it our mission to change the experience of everyday food, merging innovation and technology to give consumers fresh and wholesome products. At GCL, we work on providing our customers with best products at affordable prices, greater ROI for distributors and one distributor for multiple category products for retailers ease of stocking. The premise behind our business model is that the consumer utilizes at least one product from GCL in the entire day. That is why we have invested in state-of-the-art infrastructure, high-quality packaging & raw materials, and skilled team to deliver the best possible results. We will continue to focus on maximizing the value for all our stakeholders. GCL has pledged to be plastic neutral and carbon neutral by 2030. All the manufacturing facilities of GCL are solar-powered and generate their own electricity through co-generation. With a profound opportunity to help, build a more sustainable future, this endeavour isn't just born out of an environmental basis but also includes social concern for the planet we share. About Sanjay Ghodawat Group Sanjay Ghodawat Group (SGG) is a prominent Indian business conglomerate that has a presence in various high-value business verticals. Aviation, Consumer Products, Education, Energy, Mining, Realty, Retail, and Textiles are some of its key business domains. SGG was founded in 1993 and since then it has witnessed impressive growth under the splendid stewardship of its Founder and Chairman - Mr. Sanjay Ghodawat. It has a strong base of millions of customers globally, an employee strength of over 10,000, and a student base of over 16,000. SGG is moving ahead with great vigour and bringing significant changes in people's lives with its wide range of high-quality products and services. For more information, please visit www.ghodawat.com Logo: https://mma.prnewswire.com/media/1759521/Ghodawat_Consumer_Logo_Logo.jpg PWR PWR

GHODAWAT CONSUMER CROSSES INR 1400 CR IN REVENUE (FY22)

Bangalore, Karnataka, India (NewsVoir) • This solution has helped brands increase average sales per customer by up to 40% at the point of sale and has contributed to an overall 2X growth in businesses • KredX aims to achieve disbursement of USD 5 billion working capital in FY 2022 KredX, India's largest supply chain financing platform, achieved a record of disbursing INR 300 crore through its Pay Later Solution for B2B Payments within the first quarter of its launch. The company had recently launched this solution in December 2021 to help ease supply chain financing issues within the dealer-distributor-retail chain for businesses. KredX Pay Later solution is a closed-loop digital supply chain financing solution leveraging cutting edge technology to offer working capital finance to dealers, distributors, stockists, and retailers of any brands or products. This tailor-made solution helps brands and enterprises get instant payment against products sold, while their business buyers get immediate financing, based on their credit profile, to purchase products on credit with a flexible repayment window. The company, through this proposition, has addressed cash flow challenges for various brands across sectors - manufacturing, chemical, IT, consulting, B2B marketplaces, franchise led businesses, pharma, start-ups, automotive, food & beverage and FMCG. The Pay Later solution has helped brands increase average sales per customer by up to 40% at the point of sale and has contributed to an overall 2X growth in businesses, especially offline sales, by providing instant credit to business buyers. Additionally, helping attract new customer acquisition by up to 30%. The company, within the first quarter, has serviced more than 3500+ anchors/dealers/distributors/retailers within a closed-loop supply chain finance offering across 8 major states. KredX offers this solution to not only existing credit users but also new-to-credit users, which helps them build their credit scores. The easy and flexible repayment options have provided a seamless business experience to enterprises. This offering is through a co-lending arrangement, and the company has partnered with leading NBFCs and financial institutions for a smooth and hassle-free experience. The offering is an anchor-led initiative and is not limited to only large players in the segments. Rather, it has also significantly impacted the small and new-age businesses, which is one of the company's vision and mission to cater the underserved segment in the financial landscape. KredX is among the first few players to have launched this closed-loop digital supply chain financing solution in India. The product has witnessed great traction among B2B brands, and the company is confident that it will be able to capture a sizable market share given its expertise and experience over the last 7 years along with its state-of-the-art technology that is quick, scalable, competitive pricing and hassle-free onboarding and disbursal processes. 24-hours integration time with anchors and <100 secs credit approval for dealers/distributors/retailers is what the organisation prides itself in, in terms of the customer journey. Commenting on this achievement, Manish Kumar, Founder & CEO at KredX, said, “This is a significant milestone for us in our journey towards creating finance accessible to all. We have always believed that financial inclusion can be achieved if we provide credit that is quick, convenient and affordable. Our Pay Later offering will empower businesses to unlock themselves from cash constraints while purchasing supplies and enjoy simple one-click credit access. We are growing at a pace faster than we had envisaged and with multiple product offerings and in multiple locations. In FY 2022, we aim to disburse upwards of USD 5 billion working capital.” About KredX Founded in 2015 in Bangalore by Manish Kumar and Anurag Jain, KredX India's largest supply chain financing platform, accelerating finance through the use of cutting-edge technology and data. The company offers a host of customisable solutions ranging from enterprise finance and cash flow management solutions to working capital and channel financing solutions for businesses, large and small, operating within the supply chain ecosystem while offering unique alternative debt investment solutions to investors worldwide. Through the use of reliable technology to accelerate customer growth, the company aims to become the world’s fastest Operating System for supply chain finance. PWR PWR

KredX Disburses 300 Crores in Q1 through its Pay Later Solution for B2B Payments

Bangalore

Karnataka

In the afternoon session, Indian stock markets remained higher owing to purchasing in consumer durables, healthcare, and real estate equities. Buying in frontline companies like Bharti Airtel, Ultratech Cement, and HDFC aided sentiment, but selling in ITC, Indusind Bank, and Infosys held back market gains. Also Read| Crypto news daily: Bitcoin data and price analysis for Tuesday, March 29, 2022,On the global front, Asian markets were trading mostly higher Taiwan Weighted strengthened 28.65 points or 0.16% to 17,548.66, KOSPI rose 10.99 points or 0.4% to 2,740.55, Nikkei 225 surged 308.53 points or 1.1% to 28,252.42 and Hang Seng was up by 166.18 points or 0.77% to 21,851.15. On the flip side, Shanghai Composite declined 3.59 points or 0.11% to 3,210.91, Jakarta Composite lost 7.39 points or 0.1% to 7,042.21 and Straits Times was down by 10.37 points or 0.3% to 3,421.62. Also Read| Gold, silver and other metal prices on Tuesday, March 29, 2022,The Sensex is presently trading at 57,734.48, up 140.99 points or 0.24% from a low of 57,644.85 and a high of 57,934.15. On the index, there were 18 stocks that advanced and 12 stocks that declined. Also Read| US SEC charges 7 Indian-origin individuals in $1 mln insider trading scheme,The broader indices were trading in green with the BSE Midcap index rising 0.40%, while the Small cap index was up by 0.40%. The top gaining sectoral indices on the BSE were Consumer Durables up by 0.82%, Healthcare up by 0.77%, Realty up by 0.74%, Telecom up by 0.69% and Basic Materials was up by 0.68%, while Energy down by 0.92%, Oil & Gas down by 0.91%, PSU down by 0.66%, Metal down by 0.65% and FMCG was down by 0.12% were the top losing indices on BSE. Also Read| Ruchi Soya surges 20% as firm files FIR against SMSes advertising its FPO,The top gainers on the Sensex were Bharti Airtel up by 3.14%, Ultratech Cement up by 2.50%, HDFC up by 2.22%, Mahindra & Mahindra up by 1.71% and Sun Pharma was up by 0.90%. On the flip side, ITC is down by 1.05%, Indusind Bank down by 0.98%, Infosys down by 0.58%, SBI down by 0.56% and Tata Steel was down by 0.49% were the top losers. Also Read| New IPO fundraise record to be set in FY23: Report,The Nifty is presently trading at 17,266.00, up 44.00 points or 0.26% after trading in a range of 17,241.60 and 17,322.25. On the index, there were 31 stocks that advanced and 19 stocks that declined. Also Read| Trending Stocks: Veranda, Ruchi Soya, Tata Power, MTAR and others in news today,The top gainers on Nifty were Bharti Airtel up by 3.20%, Divi's Lab up by 2.65%, Ultratech Cement up by 2.43%, Eicher Motors up by 2.25% and HDFC was up by 2.17%. On the flip side, ONGC down by 3.01%, Coal India down by 2.67%, ITC down by 0.99%, Indusind Bank down by 0.98% and Hindalco was down by 0.71% were the top losers.

{\"time\":1648540169773,\"strCount\":3723,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"In the afternoon session, <a href=\\\"https://opoyi.com/topic/indian\\\">Indian</a> stock markets remained higher owing to purchasing in consumer durables, <a href=\\\"https://opoyi.com/topic/healthcare\\\">healthcare</a>, and real estate equities. Buying in frontline companies like Bharti Airtel, Ultratech Cement, and HDFC aided sentiment, but selling in ITC, Indusind Bank, and <a href=\\\"https://opoyi.com/topic/infosys\\\">Infosys</a> held back market gains.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/crypto-news-daily-bitcoin-data-and-price-analysis-for-tuesday-march-29-2022\\\">Crypto news daily: Bitcoin data and price analysis for Tuesday, March 29, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On the global front, Asian markets were trading mostly higher Taiwan Weighted strengthened 28.65 points or 0.16% to 17,548.66, KOSPI rose 10.99 points or 0.4% to 2,740.55, Nikkei 225 surged 308.53 points or 1.1% to 28,252.42 and Hang Seng was up by 166.18 points or 0.77% to 21,851.15. On the flip side, Shanghai Composite declined 3.59 points or 0.11% to 3,210.91, Jakarta Composite lost 7.39 points or 0.1% to 7,042.21 and Straits Times was down by 10.37 points or 0.3% to 3,421.62.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-tuesday-march-29-2022\\\">Gold, silver and other metal prices on Tuesday, March 29, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Sensex is presently trading at 57,734.48, up 140.99 points or 0.24% from a low of 57,644.85 and a high of 57,934.15. On the index, there were 18 stocks that advanced and 12 stocks that declined.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/us-sec-charges-7-indian-origin-individuals-in-1-mln-insider-trading-scheme\\\">US SEC charges 7 Indian-origin individuals in $1 mln insider trading scheme</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The broader indices were trading in green with the BSE Midcap index rising 0.40%, while the Small cap index was up by 0.40%. The top gaining sectoral indices on the BSE were Consumer Durables up by 0.82%, Healthcare up by 0.77%, Realty up by 0.74%, <a href=\\\"https://opoyi.com/topic/telecom\\\">Telecom</a> up by 0.69% and Basic Materials was up by 0.68%, while Energy down by 0.92%, Oil &amp; Gas down by 0.91%, PSU down by 0.66%, Metal down by 0.65% and <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> was down by 0.12% were the top losing indices on BSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/ruchi-soya-surges-20-as-firm-files-fir-against-smses-advertising-its-fpo\\\">Ruchi Soya surges 20% as firm files FIR against SMSes advertising its FPO</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The top gainers on the Sensex were Bharti Airtel up by 3.14%, Ultratech Cement up by 2.50%, HDFC up by 2.22%, Mahindra &amp; Mahindra up by 1.71% and Sun Pharma was up by 0.90%. On the flip side, ITC is down by 1.05%, Indusind Bank down by 0.98%, Infosys down by 0.58%, SBI down by 0.56% and Tata Steel was down by 0.49% were the top losers.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/new-ipo-fundraise-record-to-be-set-in-fy23-report\\\">New IPO fundraise record to be set in FY23: Report</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Nifty is presently trading at 17,266.00, up 44.00 points or 0.26% after trading in a range of 17,241.60 and 17,322.25. On the index, there were 31 stocks that advanced and 19 stocks that declined.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/trending-stocks-veranda-ruchi-soya-tata-power-mtar-and-others-in-news-today\\\">Trending Stocks: Veranda, Ruchi Soya, Tata Power, MTAR and others in news today</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The top gainers on Nifty were Bharti Airtel up by 3.20%, Divi's Lab up by 2.65%, Ultratech Cement up by 2.43%, Eicher Motors up by 2.25% and HDFC was up by 2.17%. On the flip side, ONGC down by 3.01%, Coal India down by 2.67%, ITC down by 0.99%, Indusind Bank down by 0.98% and Hindalco was down by 0.71% were the top losers.\"}}]}

<ul>
 <li>Sensex is presently trading at 57,734.48, up 140.99 points or 0.24%</li>
 <li>Nifty is presently trading at 17,266.00, up 44.00 points or 0.26%</li>
 <li>On the global front, Asian markets were trading mostly higher</li>
</ul>

Stock market midday report: Sensex up 140 points, Nifty around 17,260

TataSteel

Share the stories of the Beautiful Indian around you GURUGRAM, India, March 25, 2022 /PRNewswire/ -- Mamaearth & Femina, together, launched Beautiful Indians, a property established to celebrate the goodness stories of the most beautiful Indians. The first edition of 'Beautiful Indians', presented by Mamaearth & Femina, is a nationwide search to award goodness ambassadors. Since the launch of the initiative, people have been sharing goodness stories of people, celebrities, content creators and organizations who have been on a constant quest to do good for people around them. Hence, Beautiful Indians 2022 will recognize 'Goodness' across four categories. These include 'People for Good' to honor unsung heroes who have been offering a helping hand in a small or big way; 'Corporate for Good' will recognize businesses serving society beyond corporate social responsibility; 'Celebrities for Good' which will identify the celebrities who use their star-power to benefit social causes, and 'Creators for Good' for content creators who use their reach to bring about change for the better. The initiative requires people to share stories of the Goodness ambassadors around them on the website. An individual can initiate this by nominating themselves or someone else who has been conducting selfless acts of goodness. Sharing goodness stories on www.femina.in/mamaearth-beautiful-indians-2022 is one way to get involved. The nationwide hunt for 'goodness' stories will culminate in an event honoring these Beautiful Indians and inspiring stories that promise to make the world a better place with their goodness-filled action. Introducing the categories, Ghazal Alagh, Co-founder and Chief Innovation Officer, Mamaearth, said, When we started working on the concept of Beautiful Indians, we came across so many stories about small acts of goodness that were making a big difference to the lives of people around us and this got us thinking about how many such individuals and stories just go unnoticed because we don't have a platform to celebrate them. Hence, we created Beautiful Indians and segmented stories so that we have a platform for every kind of story. We have been receiving an overwhelming response since the launch. We hope people use this platform to share stories of the Beautiful Indians around us. A brand established on the founding principles of Honesty, Natural and Safety, Mamaearth believes that goodness starts with the small things that each one of us can do every day! It resides in the little choices we can make in our daily lives. The brand added goodness inside their products by being animal cruelty-free (PETA certified), toxin-free, plastic positive and through the plant goodness initiative. It was time to celebrate goodness inside others by celebrating the Beautiful Indians. ABOUT MAMAEARTH Founded by husband-wife duo Ghazal Alagh and Varun Alagh, Mamaearth is Asia's first brand with Made-safe certified products that offer toxin-free & natural baby care, and personal care products. Driven by innovation and using the best of nature and science, the brand caters to all personal care needs of young, aspirational and increasingly conscious Indian consumers. In a short span of 5 years, Mamaearth has created a product portfolio of 140+ products packed with goodness inside, has reached over 5 million customers in 500 Indian cities servicing 14,000 pin codes, and is the fastest-growing FMCG brand in India. Mamaearth products are available on www.mamaearth.in, major eCommerce platforms like Amazon, Nykaa, Flipkart and over 30,000 point of sales across the country. ABOUT HONASA CONSUMER PVT LTD Honasa Consumer Pvt Limited (HCPL), is a digital-first consumer brands company creating the FMCG conglomerate of the future. A company built on the values of Honesty, Natural ingredients and Safe care, HCPL caters to the needs of millennial consumers through innovative products, evolved propositions, direct to consumer marketing, and e-commerce fulfillment. Currently catering to over 1,000 cities in India with brands like Mamaearth, The Derma Co. & Aqualogica, HCPL is building an ecosystem that helps benefit the consumers and community at large. Backed by Sequoia, Sofina Ventures SA, Evolvence, Fireside Ventures, and Stellaris Venture Partners, HCPL has become a billion-dollar personal care House of Brands in just 5 years. Logo: https://mma.prnewswire.com/media/1763984/Mamaearth_Logo.jpg PWR PWR

MAMAEARTH & FEMINA BEAUTIFUL INDIANS INVITE YOU TO SHARE A GOODNESS STORY YOU KNOW

Gurugram

Mumbai, Mar 24 (PTI) Benchmark stock indices Sensex and Nifty closed lower in highly volatile trade on Thursday due to selling in banking, auto and FMCG stocks amid a weak trend in global equity markets. Extending losses for a second day, the 30-share BSE Sensex ended down by 89.14 points or 0.15 per cent at 57,595.68. During the day, it touched a low of 57,138.51 and a high of 57,827.99. The broader NSE Nifty dipped 22.90 points or 0.13 per cent to settle at 17,222.75 as 27 of its components declined and 22 advanced. The market now lacks direction and is moving up or down on a daily basis responding to news regarding crude price, FPI flows and speculation on what the Fed might do in the coming policy meets, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Sensex and Nifty ended a volatile session with losses amid heightening volatility due to surge in global crude oil prices and prospects of the US Fed raising interest rate, Mohit Nigam, Head - PMS, Hem Securities, said. From the 30-share pack, Kotak Mahindra Bank fell the most by 3.09 per cent, followed by Titan which declined 2.63 per cent. HDFC Bank dropped 2.23 per cent, ICICI Bank by 1.94 per cent, and HDFC by 1.5 per cent. Mahindra & Mahindra fell by 1.31 per cent and Maruti Suzuki India by 1.17 per cent. IndusInd Bank, Hindustan Unilever Limited, Nestle, Axis Bank and State Bank of India were also among the losers. In contrast, Dr Reddy's Laboratories rose the most by 4.9 per cent, UltraTech Cement by 1.77 per cent, and Tech Mahindra by 1.75 per cent. Gains in Reliance Industries, Tata Steel, NTPC, ITC, TCS and HCL Technologies Limited limited the losses in the benchmark index. In the previous trade, the BSE barometer declined 304.48 points or 0.53 per cent while Nifty dipped 69.85 points or 0.4 per cent. Markets traded dull and ended marginally lower amid mixed global cues. After the initial dip, the benchmark oscillated in a narrow range, Ajit Mishra, VP - Research, Religare Broking Ltd, said. All eyes are on the outcome of the NATO summit as it could provide the direction to the lingering Russia-Ukraine tension. Indications are in the favour of further consolidation in the index however the prevailing underperformance from the banking pack is denting sentiment, Mishra said. US President Joe Biden and world leaders opened the first in a trio of summits in Brussels focused on pressuring Russia to end its war in Ukraine. In the broader market, the BSE midcap index gained 0.34 per cent, while smallcap gauge went higher by 0.16 per cent. Among BSE sectoral indices, banking (down 1.69 per cent), consumer durables (1.58 per cent), finance (1.30 per cent) and auto (0.54 per cent) were the major drags. Markets lingered in negative territory for major part of the trading session but trimmed losses at the end, as positive European markets opening aided partial recovery. Global markets trend will continue to dictate sentiment as investors would not want to take bullish bets given the fragile situation globally, Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd said. Asian markets were mixed after losses in Wall Street as investors weighed concerns about rising inflation and slower economic growth. Tokyo's Nikkei 25 declined by 0.3 per cent, Seoul's Kospi dropped 0.5 per cent while the Shanghai Composite index fell 0.5 per cent. The Hang Seng in Hong Kong rose by 0.2 per cent. The Russian stock market also resumed limited trading under heavy curbs, almost one month after prices plunged and the market was shut down following Moscow's invasion of Ukraine. Trading of a limited number of stocks took place under restrictions that are meant to prevent a repeat of the massive selloff that took place February 24 in anticipation of Western economic sanctions. International oil benchmark Brent crude surged 0.30 per cent to USD 122 per barrel. Foreign institutional investors (FIIs) were net buyers as they bought shares worth Rs 481.33 crore on Wednesday, according to stock exchange data.

Sensex, Nifty decline for 2nd day as banking, auto stocks retreat

Russia

Edible oil firm Ruchi Soya, owned by Patanjali Ayurved group, will hit the capital markets with a follow-on public offer (FPO) on Thursday, March 24, 2022. The issue to raise Rs 4,300 crore will remain open for subscription for three days and conclude on March 28. Ruchi Soya, the largest edible oil maker in the country, is the first company to be re-listed after the bankruptcy process. Also Read | Refiners trade mixed on second day of fuel price hikes,Patanjali, which currently holds 98.9% of the company, will dilute around 19% at the upper end and 18% at the lower end of the price band. The remaining 6% to 7%, to meet the mandatory 25% public float, will be diluted before the SEBI deadline of December 2022, the company said. Also Read | LIC IPO: Government files updated DRHP with results,Here are key points to know about Ruchi Soya FPO,Price Band: Ruchi Soya management led by chairman Acharya Balakrishna and non-executive director Baba Ramdev, has fixed the price band for the FPO at Rs 615-650 per share. Subscription: The issue will open for subscription on March 24 and will close on March 28. Also Read | BSE demands clarification from Paytm after shares fall to lifetime low,Lot size: Investors who wish to subscribe to Ruchi Soya FPO can bid in a lot of 21 equity shares and its multiples thereafter. At the upper price band ,a single lot of Ruchi Soya Industries will cost Rs 13,500. Reservation portions: Half of the issue size has been reserved for qualified institutional buyers, 35% for the retail investors and the remaining 15% for the non-institutional bidders. The issue includes a reservation of up to 10,000 equity shares for subscription by employees the company said in an exchange filing. Also Read | Zomato founder Deepinder Goyal explains 10-minute food delivery service after backlash,Anchor investors: The anchor book size has been fixed at Rs 1,290 crore. Foreign Investors for the issue include Societe Generale, BNP Paribas, Sultanate of Oman, Ministry of Defence Pension Fund and Yas Takaful PJSC. Domestic investors will be SBI Group, Kotak MF, Birla MF, HDFC Life, Ask Group, Quant MF. Purpose: Ruchi Soya will utilize the net proceeds from the FPO for repayment of certain outstanding loans, funding incremental working capital requirements, and other general corporate purposes, according to the draft red herring prospectus (DRHP). Also Read | Why are petrol, diesel, LPG prices rising again,Managers: SBI Capital Markets, Axis Capital and ICICI Securities are the books running lead managers to the issue while Link Intime India is the registrar of the issue. About the company,Ruchi Soya is engaged in fast-moving consumer goods (FMCG) and fast-moving health goods (FMHG). It is primarily involved in the business of processing oilseeds, refining crude edible oil for use as cooking oil, manufacturing soya products, and value-added products. Its flagship brand Ruchi Gold is one the largest selling palm oil brands in the country. Its other leading brands include Mahakosh, Sunrich, Ruchi Star and Ruchi Sunlight. Also Read | Hindustan Unilever in talks to buy MDH Spices: Report,It is also the largest manufacturer of soya foods under the brand name Nutrela with a 40% market share. In 2019, Patanjali Group had acquired the stock exchange-listed company through an insolvency process for Rs 4,350 crore.

{\"time\":1648050087810,\"strCount\":4101,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Edible oil firm Ruchi Soya, owned by Patanjali Ayurved group,\\nwill hit the capital markets with a follow-on public offer (FPO) on Thursday,\\nMarch 24, 2022. The issue to raise Rs 4,300 crore will remain open for\\nsubscription for three days and conclude on March 28.&nbsp; Ruchi Soya, the largest edible oil maker in the country,\\nis the first company to be re-listed after the bankruptcy process.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/refiners-trade-mixed-on-second-day-of-fuel-price-hikes\\\">Refiners trade mixed on second day of fuel price hikes</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Patanjali, which currently holds 98.9% of the company,\\nwill dilute around 19% at the upper end and 18% at the lower end of the price\\nband. The remaining 6% to 7%, to meet the mandatory 25% public float, will be\\ndiluted before the <a href=\\\"https://opoyi.com/topic/sebi\\\">SEBI</a> deadline of December 2022, the company said.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lic-ipo-government-files-updated-drhp-with-results\\\">LIC IPO: Government files updated DRHP with results</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Here are key points to know about Ruchi Soya FPO\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Price Band: Ruchi Soya management led by chairman Acharya\\nBalakrishna and non-executive director Baba Ramdev, has fixed the price band\\nfor the FPO at Rs 615-650 per share.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Subscription: The issue will open for subscription on\\nMarch 24 and will close on March 28.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/bse-demands-clarification-from-paytm-after-shares-fall-to-lifetime-low\\\">BSE demands clarification from Paytm after shares fall to lifetime low</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Lot size: Investors who wish to subscribe to Ruchi Soya\\nFPO can bid in a lot of 21 equity shares and its multiples thereafter. At the upper price band ,a single lot of Ruchi Soya Industries will cost Rs 13,500.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Reservation portions: Half of the issue size has been\\nreserved for qualified institutional buyers, 35% for the retail investors and\\nthe remaining 15% for the non-institutional bidders. The issue includes a\\nreservation of up to 10,000 equity shares for subscription by employees the\\ncompany said in an exchange filing.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/zomato-founder-deepinder-goyal-explains-10-minute-food-delivery-service-after-backlash\\\">Zomato founder Deepinder Goyal explains 10-minute food delivery service after backlash</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Anchor investors: The anchor book size has been fixed at\\nRs 1,290 crore. Foreign Investors for the issue include Societe Generale, BNP\\nParibas, Sultanate of Oman, Ministry of Defence Pension Fund and Yas Takaful\\nPJSC. Domestic investors will be SBI Group, Kotak MF, Birla MF, HDFC Life, Ask\\nGroup, Quant MF.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Purpose: Ruchi Soya will utilize the net proceeds from\\nthe FPO for repayment of certain outstanding loans, funding incremental working\\ncapital requirements, and other general corporate purposes, according to the\\ndraft red herring prospectus (DRHP).\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/why-are-petrol-diesel-lpg-prices-rising-again\\\">Why are petrol, diesel, LPG prices rising again</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Managers: SBI Capital Markets, Axis Capital and ICICI\\nSecurities are the books running lead managers to the issue while Link Intime\\nIndia is the registrar of the issue.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"About the company\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Ruchi Soya is engaged in fast-moving consumer goods\\n(FMCG) and fast-moving health goods (FMHG). It is primarily involved in the\\nbusiness of processing oilseeds, refining crude edible oil for use as cooking\\noil, manufacturing soya products, and value-added products. Its flagship brand\\nRuchi Gold is one the largest selling palm oil brands in the country. Its other\\nleading brands include Mahakosh, Sunrich, Ruchi Star and Ruchi Sunlight.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/hindustan-unilever-in-talks-to-buy-mdh-spices-report\\\">Hindustan Unilever in talks to buy MDH Spices: Report</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"It is also the largest manufacturer of soya foods under\\nthe brand name Nutrela with a 40% market share. In 2019, Patanjali Group had\\nacquired the stock exchange-listed company through an insolvency process for Rs\\n4,350 crore.\"}}]}

<ul>
 <li>Ruchi Soya will hit the capital markets with a FPO on March 24</li>
 <li>Patanjali will dilute around 19% at the upper end and 18% at the lower end of the price band</li>
 <li>Investors can bid in a lot of 21 equity shares and its multiples thereafter</li>
</ul>

Ruchi Soya FPO to open on March 24: All you need to know

Patanjali

SEBI

Ramdev

Delhi, India

Shares of ITC continued to rise and registered a five-month high at Rs 253.24 after surging 1.3% on the BSE in Wednesday’s intra-day trade on expectations of strong earnings. The stock of the cigarettes to fast-moving consumer goods (FMCG) conglomerate is now moving towards its 52-week high level of Rs 263.30, touched on October 18, 2021. Also Read | Gold prices remain constant as oil prices fall and bond rates rise,ITC Limited has outperformed the market by gaining 17% in the past month. In contrast, the S&P BSE Sensex was up by 1.6%, and the S&P BSE FMCG index was up 0.63%. In the October-December quarter (Q3FY22), ITC posted strong revenue performance across businesses on the back of robust recovery across markets due to a rise in mobility and an efficient distribution system. Also Read | Amitabh Bachchan pays over Rs 1 crore GST after DGGI evasion notice on NFT sale,ITC reported a 14.81% year-on-year (YoY) rise in consolidated profit after tax (PAT) at Rs 4,118.80 crore in the December quarter as compared to Rs 3,587 crore in the year-ago period. Its consolidated revenues were Rs 18,366 crore, up 30% from Rs 14,124 crore in the year-ago period. The company’s cigarette business, which was severely impacted in the last two years due to Covid-19 disruptions, reported a strong recovery in the third quarter. Cigarette revenue in the December quarter increased to Rs 6,959 crore from Rs 6,091 crore in the same quarter a year ago. The segment recorded a pre-tax profit of Rs 4,187 crore, compared with Rs 3,659 crore a year earlier. Also Read | Paytm shares hit all-time low, trade 75% below listing price,The paperboard business reported strong volumes and performance on the back of a rise in demand across most end-user segments, exports and higher realisations. Besides that, the relaxation of travel restrictions, the increase in leisure travel, and the beginning of the festive/wedding season all boosted occupancy levels and average revenue per available room (ARR) for the hotels business. Also Read | Hindustan Unilever in talks to buy MDH Spices: Report,ITC’s agri business reported 100% growth in revenue driven by robust revenue growth in wheat, rice, spices, and leaf tobacco exports due to its strong customer relationships, robust sourcing network and agile execution. The company has seen strong growth in its value-added portfolio. According to analysts by ICICI Securities, stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term. Also, they expect the FMCG business margin uptick trajectory to continue (once elevated commodity prices normalise). Also Read | Fuel prices: Petrol priced at Rs 97.01, diesel Rs 88.27 in Delhi on March 23, 2022,“We are positive on FMCG growth and margin expansion possibility and the company’s better capital allocation policy (higher dividend pay-out and no more capex on the hotels business),” the brokerage firm said in its third-quarter result update.

{\"time\":1648027225076,\"strCount\":3687,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of <a href=\\\"https://opoyi.com/english/itc-shares-rise-over-1-on-announcing-expansion-plans-in-east-india\\\">ITC</a> continued to rise and registered a five-month high at Rs 253.24 after surging 1.3% on the BSE in Wednesday’s intra-day trade on expectations of strong earnings. The stock of the cigarettes to fast-moving consumer goods (FMCG) conglomerate is now moving towards its 52-week high level of Rs 263.30, touched on October 18, 2021.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/gold-prices-remain-constant-as-oil-prices-fall-and-bond-rates-rise\\\">Gold prices remain constant as oil prices fall and bond rates rise</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ITC Limited has outperformed the market by gaining 17% in the past month. In contrast, the S&amp;P BSE Sensex was up by 1.6%, and the S&amp;P BSE <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> index was up 0.63%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In the October-December quarter (Q3FY22), ITC posted strong revenue performance across businesses on the back of robust recovery across markets due to a rise in mobility and an efficient distribution system.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/amitabh-bachchan-pays-over-rs-1-crore-gst-after-dggi-evasion-notice-on-nft-sale\\\">Amitabh Bachchan pays over Rs 1 crore GST after DGGI evasion notice on NFT sale</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ITC reported a 14.81% year-on-year (YoY) rise in consolidated profit after tax (PAT) at Rs 4,118.80 crore in the December quarter as compared to Rs 3,587 crore in the year-ago period. Its consolidated revenues were Rs 18,366 crore, up 30% from Rs 14,124 crore in the year-ago period.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The company’s cigarette business, which was severely impacted in the last two years due to Covid-19 disruptions, reported a strong recovery in the third quarter. Cigarette revenue in the December quarter increased to Rs 6,959 crore from Rs 6,091 crore in the same quarter a year ago. The segment recorded a pre-tax profit of Rs 4,187 crore, compared with Rs 3,659 crore a year earlier.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/paytm-shares-hit-all-time-low-trade-75-below-listing-price\\\">Paytm shares hit all-time low, trade 75% below listing price</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The paperboard business reported strong volumes and performance on the back of a rise in demand across most end-user segments, exports and higher realisations. Besides that, the relaxation of travel restrictions, the increase in leisure travel, and the beginning of the festive/wedding season all boosted occupancy levels and average revenue per available room (ARR) for the hotels business.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/hindustan-unilever-in-talks-to-buy-mdh-spices-report\\\">Hindustan Unilever in talks to buy MDH Spices: Report</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ITC’s agri business reported 100% growth in revenue driven by robust revenue growth in wheat, rice, spices, and leaf tobacco exports due to its strong customer relationships, robust sourcing network and agile execution. The company has seen strong growth in its value-added portfolio.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to analysts by ICICI Securities, stable taxation on cigarettes would result in high growth in cigarette volumes in the medium term. Also, they expect the FMCG business margin uptick trajectory to continue (once elevated commodity prices normalise).\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/fuel-prices-petrol-priced-at-rs-9701-diesel-rs-8827-in-delhi-on-march-23-2022\\\">Fuel prices: Petrol priced at Rs 97.01, diesel Rs 88.27 in Delhi on March 23, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"“We are positive on FMCG growth and margin expansion possibility and the company’s better capital allocation policy (higher dividend pay-out and no more capex on the hotels business),” the brokerage firm said in its third-quarter result update.\"}}]}

<ul>
 <li>Shares of ITC registered a five-month high at Rs 253.24</li>
 <li>ITC has outperformed the market by gaining 17% in the past month</li>
 <li>ITC posted strong third quarter revenue performance across businesses</li>
</ul>

ITC moves towards 52-week high, stock gains 17% in past month

FMCG giant Hindustan Unilever Ltd is in discussions with Mahashian Di Hatti (MDH) Pvt Ltd to buy a majority stake in the spice maker, reported Mint on March 22. Considering MDH’s national presence, it could be valued between Rs 10,000 crore and Rs 15,000 crore, the report said, quoting people familiar with the development. According to sources, MDH Spices has also been in talks with other conglomerates after founder Dharampal Gulati’s death but did not specify who showed interest. Also Read | LIC IPO: Government files updated DRHP with results,Financial firm Avendus Capital estimates India’s branded spice market will double in size to Rs 50,000 crore by 2025. Notably, the spice market is dominated by regional players and has been a tough space to crack for bigger companies, as consumer preferences and cooking habits differ from state to state. However, the MDH brand has a wider presence in the Indian market due to its innovative TV commercials. Also Read | Gold dips as yields rise in response to the Fed's aggressive stance,MDH sells over 60 products in India and deals with around 1,000 wholesalers and over four lakh retailers. Its website claims the company can produce 30 tonnes of spices per day. According to a MoneyControl report, other such acquisitions have seen spice makers quoting valuations at 12-15x the EBITDA. ITC acquired Kolkata’s Sunrise Foods for Rs 2,150 crore, at a valuation of 25x the previous year’s operating profit. Also Read | LPG price hike: After fuel, domestic cylinders price increased by Rs 50,Sunrise’s EBITDA for FY20 was Rs 88 crore on revenue of Rs 591 crore; for comparison, MDH earned Rs 507 crore in FY21 on net sales of Rs 1,191 crore. ,Shares of HUL opened slightly higher at Rs 2,055 against the previous close of Rs 2,051.45. However, the stock plunged over 4% to hit an intraday low of Rs 1,969.25 on the BSE. The market cap of the company fell to Rs 4,63,574.36 crore. Also Read | RBI cancels licence of Uttar Pradesh-based People's Co-operative Bank,Recently, the FMCG giant had announced a major management reshuffle. The company designated two top officials to its management committee. ,HUL posted a 16.8% year-on-year rise in standalone net profit at Rs 2,243 crore in the quarter ended December 31, 2021, as compared to a net profit of Rs 1,921 crore in the year-ago period. Also Read | Future Group shares hit all-time lows, Future Retail tanks 9% intra-day,Revenue from operations rose 10.2% to Rs 13,183 crore compared to Rs 11,959 crore in the corresponding quarter last fiscal, it said in a regulatory filing.

{\"time\":1647941389044,\"strCount\":3273,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"FMCG giant Hindustan Unilever Ltd is in discussions with Mahashian Di Hatti (MDH) Pvt Ltd to buy a majority stake in the spice maker, reported Mint on March 22. Considering MDH’s national presence, it could be valued between Rs 10,000 crore and Rs 15,000 crore, the report said, quoting people familiar with the development.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to sources, MDH Spices has also been in talks with other conglomerates after founder <a href=\\\"https://opoyi.com/for-masala-king-dharampal-gulati-hard-work-was-the-spice-of-life\\\">Dharampal Gulati’s</a> death but did not specify who showed interest.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lic-ipo-government-files-updated-drhp-with-results\\\">LIC IPO: Government files updated DRHP with results</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Financial firm Avendus Capital estimates India’s branded spice market will double in size to Rs 50,000 crore by 2025. Notably, the spice market is dominated by regional players and has been a tough space to crack for bigger companies, as consumer preferences and cooking habits differ from state to state. However, the MDH brand has a wider presence in the Indian market due to its innovative TV commercials.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/gold-dips-as-yields-rise-in-response-to-the-feds-aggressive-stance\\\">Gold dips as yields rise in response to the Fed's aggressive stance</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"MDH sells over 60 products in <a href=\\\"https://opoyi.com/topic/india\\\">India</a> and deals with around 1,000 wholesalers and over four lakh retailers. Its website claims the company can produce 30 tonnes of spices per day.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to a MoneyControl report, other such acquisitions have seen spice makers quoting valuations at 12-15x the EBITDA. ITC acquired Kolkata’s Sunrise Foods for Rs 2,150 crore, at a valuation of 25x the previous year’s operating profit.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/lpg-price-hike-after-fuel-domestic-cylinders-price-increased-by-rs-50\\\">LPG price hike: After fuel, domestic cylinders price increased by Rs 50</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Sunrise’s EBITDA for FY20 was Rs 88 crore on revenue of Rs 591 crore; for comparison, MDH earned Rs 507 crore in FY21 on net sales of Rs 1,191 crore. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shares of HUL opened slightly higher at Rs 2,055 against the previous close of Rs 2,051.45. However, the stock plunged over 4% to hit an intraday low of Rs 1,969.25 on the BSE. The market cap of the company fell to Rs 4,63,574.36 crore.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/rbi-cancels-licence-of-uttar-pradesh-based-people-co-operative-bank\\\">RBI cancels licence of Uttar Pradesh-based People's Co-operative Bank</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Recently, the FMCG giant had announced a major management reshuffle. The company designated two top officials to its management committee. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"HUL posted a 16.8% year-on-year rise in standalone net profit at Rs 2,243 crore in the quarter ended December 31, 2021, as compared to a net profit of Rs 1,921 crore in the year-ago period.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/future-group-shares-hit-all-time-lows-future-retail-tanks-9-intra-day\\\">Future Group shares hit all-time lows, Future Retail tanks 9% intra-day</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Revenue from operations rose 10.2% to Rs 13,183 crore compared to Rs 11,959 crore in the corresponding quarter last fiscal, it said in a regulatory filing.\"}}]}

<ul>
 <li>Hindustan Unilever Ltd is in discussions with MDH to buy a majority stake in the spice maker</li>
 <li>It could be valued between Rs 10,000 crore and Rs 15,000 crore</li>
 <li>Shares of HUL opened slightly higher at Rs 2,055 against the previous close of Rs 2,051.45</li>
</ul>

Hindustan Unilever in talks to buy MDH Spices: Report

DharampalGulati

Mumbai, Mar 21 (PTI) Reversing its early gains, benchmark BSE Sensex plunged by 571 points or nearly 1 per cent at close on Monday following losses in banking, oil, FMCG and IT stocks as surging oil prices played spoilsport amid prolonged Russia-Ukraine war. The 30-share Sensex opened higher and rose over 260 points to touch the day's high of 58,127.95. However, losses in banking, oil and FMCG stocks dragged the index down by 634 points to touch a low of 57,229.08. The barometer settled at 57,292.49, down by 571.44 points or 0.99 per cent. The index had rallied over 2,000 points in the previous two sessions. The broader NSE Nifty declined by 169.45 points or 0.98 per cent to finish at 17,117.60 after rallying over 620 points in the past two sessions. It touched a high of 17,353.35 points and a low of 17,096.40 in the day trade. Among Sensex constituents, Power Grid fell the most by 2.93 per cent, followed by Asian Paints (2.85 per cent), UltraTech Cement (2.81 per cent), Nestle (2.49 per cent), Kotak Bank (2.42 per cent) Hindustan Unilever (2.41 per cent) and HCL Technologies (2.32 per cent). Index heavyweight Reliance Industries dropped by 0.5 per cent, HDFC by 1 per cent and ICICI Bank by 1.3 per cent. In contrast, Sun Pharma, HDFC Bank, Maruti, Titan and NTPC were the only gainers. With no significant improvement in the tensions between Russia and Ukraine and uncertainty in the Gulf region, crude prices surged leading to a sell-off in the domestic market after the recent rally. FII’s coming back to buying mode is a positive for domestic equities but a rise in bulk diesel prices and inflationary pressure are bending the domestic market, said Vinod Nair, Head of Research at Geojit Financial Services. International oil benchmark Brent crude jumped 3.53 per cent to USD 111.5 per barrel on reports that European countries this week will consider an oil embargo on Russian oil, which could restrict supplies and fuel price rise. A Houthi attack on an energy terminal in Saudi Arabia last week caused a temporary fall in oil production amid lower supplies by the oil cartel OPEC. The broader market depicted a mixed trend with the BSE midcap declining 0.68 per cent, while the smallcap gauge gaining 0.38 per cent. Among BSE sectoral indices, utilities tumbled 1.89 per cent, followed by power (1.81 per cent), FMCG (1.46per cent) and bank (1.30 per cent). A total of 1,971 stocks declined, while 1,550 advanced and 149 remained unchanged on BSE. Markets started the week on a muted note and lost nearly a per cent, tracking mixed global cues, according to Ajit Mishra, VP - Research, Religare Broking Ltd. In the Asian trade, Japanese markets were closed for a holiday while Shanghai ended marginally higher and Hong Kong went lower. Stock exchanges in the US closed with significant gains on Friday. Stock exchanges in Europe were trading higher in mid-session deals. Foreign institutional investors were net buyers as they bought shares worth Rs 2,800.14 crore on Thursday, according to exchange data.

Sensex, Nifty tumble nearly 1 pc as oil spike raises inflation concerns

Indian equity benchmarks gained for the fifth consecutive session on Monday, finishing with gains of more than 1.5%, powered by advances in Banking, IT, TECK, and Finance equities, despite losses in other global markets. The Nifty50 has formed a long bull candle on the daily chart, pointing to strength in upside momentum in the market, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities. The index finally challenged crucial resistance at 16,800-17,000 levels, partially filling the downside opening gap. This is a positive sign, he said. Indian Indices,Sensex rose 935.72 points or 1.68% to 56,486.02 and Nifty was up by 240.85 points or 1.45% to 16,871.30 in the previous session. Sensex touched high and low of 56,545.83 and 55,556.47, respectively. There were 26 stocks advancing against 4 stocks declining on the index. Nifty traded in a range of 16,887.95 and 16,606.50. There were 37 stocks advancing against 13 stocks declining on the index. ,Broader Indices,The broader indices ended in green with the BSE Midcap index rising 0.02%, while the Small cap index was up by 0.31%. The top gaining sectoral indices on the BSE were Bankex up by 2.31%, IT up by 2.16%, TECK up by 2.15%, Finance up by 1.80% and Auto up by 0.90%, while Realty down by 1.73%, Oil & Gas down by 0.85%, Power-down by 0.60%, Utilities down by 0.56% and Metal down by 0.40% were the losing indices on BSE. Support and Resistance levels,The key support level for the Nifty is placed at 16,689, followed by 16,507. If the index moves up, the key resistance levels to watch out for are 16,971 and 17,070, according to pivot charts. SGX Nifty,The trends on SGX Nifty indicate a negative opening for the index in India with an 11-points loss. The Nifty futures were trading at 16,772.20 on the Singaporean Exchange around 06:45 hours IST. Asian Markets,Asian markets finished sharply lower yesterday with shares in Hong Kong leading the region. The Hang Seng was down 6.66% while China's Shanghai Composite was off 2.20% and Japan's Nikkei 225 was lower by 1.49%. US Markets,The S&P 500 fell 31.20 points, or 0.7%, to 4,173.11. The Dow Jones Industrial Average rose 1.05 points, or less than 0.1%, to 32,945.24. The Nasdaq fell 262.59 points, or 2%, to 12,581.22. The Russell 2000 index of smaller companies fell 37.95 points, or 1.9%, to 1,941.72. European Markets,European markets finished broadly higher yesterday with shares in Germany leading the region. The DAX was up 2.21% while France's CAC 40 was up 1.75% and London's FTSE 100 was up 0.57%. WPI inflation jumps to 13.11% in February, up from 12.96% in January, according to government statistics,India's inflation based on the Wholesale Price Index (WPI) accelerated to 13.11% in February as compared to the 12.96% increase in January, according to data released by the Commerce Ministry on March 14. WPI was 4.83% in February 2021. High WPI inflation is seen as a precursor to higher consumer prices as producers pass on rising costs to their customers. Meanwhile, in January, India’s wholesale inflation had eased into a three-month low after touching a series high in November, on the back of softening prices of manufactured food products and crude petroleum and natural gas. The rate of price rise has remained in double digits in the next months on account of elevated international crude oil and commodity prices due to geopolitical tensions surrounding Russia and Ukraine, economists cautioned. Inflation in food articles, however, eased to 8.19% in February from 10.33%. Vegetable inflation was 26.93% in February, against 38.45% in the previous month. Tata Sons chief N Chandrasekaran appointed as Chairman of Air India,Tata Sons chief N Chandrasekaran has been appointed as Chairman of Air India on March 14, reported NDTV citing the group's spokesperson. The development comes after Ilker Ayci declined to take up the position of the airline's CEO on March 1. Tata Sons in February had named the former Turkish Airlines Chairman as its CEO, who was supposed to over on or before April 1 this year. In a statement announcing his decision, Ayci said: “Since the announcement I have been carefully following news in some sections of the Indian media attempting to colour my appointment with undesirable colours.” Gustav Baldauf, former Chief Operating Officer, Air India said He (Ayci) got trapped by the interference of politics in his aviation business. Maybe he is a victim of that, maybe he used politics to speed up his career … now he learned that India is not Turkey and you better do your homework before applying for a sensitive job like CEO. ,LIC IPO will take place in April, rather than March, as previously planned: Report,Life Insurance Corporation (LIC) of India will issue its initial public offering (IPO) in April instead of March as decided earlier because of ongoing market turbulence, LiveMint reported on Monday citing three officials aware of the change in plans. The government is watching the market volatility, due to the Russia-Ukraine war, closely and investor interest will be the key deciding factor for the timing of India's biggest IPO, the report said. The government is looking to sell 5% of its stake in the insurer through an offer for sale (OFS) to raise nearly Rs 75,000 crore. “We will try to do the LIC IPO some time next month, maybe at the end of April. We don’t want to delay it much further. We have a window till 12 May, LiveMint quoted as saying one of the three officials cited above said, adding the government expects the market sentiments weakened by geopolitical tensions to improve in April. Global bonds have slipped 10% from peak,Global bond markets are trading with a 10% decline for the first time in over a decade as rising inflation forces yields higher. The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt, has declined about 9.9% from a high in early 2021, the biggest decline from its highest level in 2008, according to a report by Bloomberg. Losses have been particularly steep in pockets of global credit markets. According to a Bloomberg Index, Asian dollar bonds have fallen around 10.5% from their highest in 2021, after Chinese defaults rose to a record. Broader credit markets have also shown signs of distress after weeks of outflows. Spreads on the investment-grade dollar and euro-denominated corporate bonds have widened over 55% so far this year to their peak since the summer of 2020, show the Bloomberg index. Nestle, HUL announces price hike: Maggi, tea to get costlier,Hindustan Unilever Limited (HUL) and Nestle announced a price hike for products such as tea, coffee, milk and noodles on March 14, reported CNBC TV-18 quoting sources. Nestle India is raising the prices of Maggi noodles by 9% to 16%. Apart from Maggi, Nestle India has also announced a price hike for its milk and coffee powder. With the recent changes, the Maggi Masala noodles 70gm price will cost Rs 14 from earlier Rs 12. The price of Maggi Masala Noodles 140 gm is raised by Rs 3% or 12.5%, while the 560 gm pack is will become expensive by 9.4% and will be retailed at Rs 105 from earlier Rs 96. The price of Nestle A+milk 1 liter pack will be costlier by 4% than its current price, which makes it to Rs 78 from Rs 75. The price of Nescafe classic coffee powder is increased by 3-7%, resulting in the price of Nescafe classic 25 gm pack up by 2.5% to Rs 80 from Rs 78. Nescafe classic 50 gm pack is raised to Rs 150 from Rs 145, a 3.4% hike. Furthermore, another FMCG major HUL too has taken price hikes in its tea and coffee powder range. HUL has raised prices of Bru coffee powder by 3-7% across packs. Bru gold coffee jars will become costlier 3-4%, instant coffee pouches costlier by 3-6.66% across packs. Bru instant coffee pouches are now costlier by 3% to 6.66% across packs. Taj Mahal tea prices are raised by 3.7% to 5.8% across variants, according to the CNBC TV-18 report. Bulk Deal data,AVIRAT ENTERPRISE sold 33,600 shares in Bombay Metrics S C Ltd at Rs 418.56 per share on the NSE. INTEGRATED CORE STRATEGIES ASIA PTE LTD bought 4,10,602 shares in BSE Limited at Rs 2,895.80 per share on the NSE. ADITYA VIKRAM AGARWAL (HUF) sold 5,46,135 shares in Mcleod Russel India Limited at Rs 22.99 per share on the NSE. DEVDIP BUILDERS PRIVATE LIMITED bought 1,00,000 shares of Dangee Dums Limited at Rs 212.09 per share on NSE. SETHI VINOD RAJINDRANATH sold 29,42,300 shares of Supreme Engineering Ltd at Rs 2.11 per share on NSE. OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM bought 4,62,371 shares in Dhampur Sugar Mills Ltd at Rs 492.28 per share on the NSE. RAMLAL KANWARLAL JAIN bought 2,00,000 equity shares in Mawana Sugars Limited at Rs 164.84 per share on the NSE, the bulk deals data showed. VIKI JAYESHKUMAR SHAH bought 54,000 shares of Vaishali Pharma Limited at Rs 55.48 per share on NSE. DII and FII data,Foreign institutional investors (FIIs) sold shares worth a net Rs 176.52 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1098.62 crore in the Indian equity market on March 14, as per provisional data available on the NSE. NSE F&O Ban,Balrampur Chini Mills is under the F&O ban for March 15. Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

{\"time\":1647307212272,\"strCount\":10255,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Indian equity benchmarks gained for the fifth consecutive session on Monday, finishing with gains of more than 1.5%, powered by advances in Banking, IT, TECK, and Finance equities, despite losses in other global markets.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Nifty50 has formed a long bull candle on the daily chart, pointing to strength in upside momentum in the market, according to Nagaraj Shetti, Technical Research Analyst at HDFC Securities.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"The index finally challenged crucial resistance at 16,800-17,000 levels, partially filling the downside opening gap. This is a positive sign,\\\" he said.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/closingbell\\\">Indian Indices</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Sensex rose 935.72 points or 1.68% to 56,486.02 and Nifty was up by 240.85 points or 1.45% to 16,871.30 in the previous session. Sensex touched high and low of 56,545.83 and 55,556.47, respectively. There were 26 stocks advancing against 4 stocks declining on the index. Nifty traded in a range of 16,887.95 and 16,606.50. There were 37 stocks advancing against 13 stocks declining on the index.&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Broader Indices\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The broader indices ended in green with the BSE Midcap index rising 0.02%, while the Small cap index was up by 0.31%. The top gaining sectoral indices on the BSE were Bankex up by 2.31%, IT up by 2.16%, TECK up by 2.15%, Finance up by 1.80% and Auto up by 0.90%, while Realty down by 1.73%, Oil &amp; Gas down by 0.85%, Power-down by 0.60%, Utilities down by 0.56% and Metal down by 0.40% were the losing indices on BSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Support and Resistance levels\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The key support level for the Nifty is placed at 16,689, followed by 16,507. If the index moves up, the key resistance levels to watch out for are 16,971 and 17,070, according to pivot charts.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"SGX Nifty\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The trends on SGX Nifty indicate a negative opening for the index in India with an 11-points loss. The Nifty futures were trading at&nbsp;16,772.20 on the Singaporean Exchange around 06:45 hours IST.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Asian Markets\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Asian markets finished sharply lower yesterday with shares in Hong Kong leading the region. The Hang Seng was down 6.66% while China's Shanghai Composite was off 2.20% and Japan's Nikkei 225 was lower by 1.49%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/nasdaq\\\">US Markets</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The S&amp;P 500 fell 31.20 points, or 0.7%, to 4,173.11.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Dow Jones Industrial Average rose 1.05 points, or less than 0.1%, to 32,945.24.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Nasdaq fell 262.59 points, or 2%, to 12,581.22.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Russell 2000 index of smaller companies fell 37.95 points, or 1.9%, to 1,941.72.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"European Markets\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"European markets finished broadly higher yesterday with shares in <a href=\\\"https://opoyi.com/topic/germany\\\">Germany</a> leading the region. The DAX was up 2.21% while France's CAC 40 was up 1.75% and London's FTSE 100 was up 0.57%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"WPI inflation jumps to 13.11% in February, up from 12.96% in January, according to government statistics\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"India's inflation based on the Wholesale Price Index (WPI) accelerated to 13.11% in February as compared to the 12.96% increase in January, according to data released by the Commerce Ministry on March 14. WPI was 4.83% in February 2021. High WPI inflation is seen as a precursor to higher consumer prices as producers pass on rising costs to their customers. Meanwhile, in January, India’s wholesale inflation had eased into a three-month low after touching a series high in November, on the back of softening prices of manufactured food products and crude petroleum and natural gas. The rate of price rise has remained in double digits in the next months on account of elevated international crude oil and commodity prices due to geopolitical tensions surrounding <a href=\\\"https://opoyi.com/topic/russia\\\">Russia</a> and <a href=\\\"https://opoyi.com/topic/ukraine\\\">Ukraine</a>, economists cautioned. Inflation in food articles, however, eased to 8.19% in February from 10.33%. Vegetable inflation was 26.93% in February, against 38.45% in the previous month.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Tata Sons chief N Chandrasekaran appointed as Chairman of Air India\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Tata Sons chief N Chandrasekaran has been appointed as Chairman of Air India on March 14, reported NDTV citing the group's spokesperson. The development comes after Ilker Ayci declined to take up the position of the airline's CEO on March 1. Tata Sons in February had named the former Turkish Airlines Chairman as its CEO, who was supposed to over on or before April 1 this year. In a statement announcing his decision, Ayci said: “Since the announcement I have been carefully following news in some sections of the Indian media attempting to colour my appointment with undesirable colours.” Gustav Baldauf, former Chief Operating Officer, Air India said \\\"He (Ayci) got trapped by the interference of politics in his aviation business. Maybe he is a victim of that, maybe he used politics to speed up his career … now he learned that India is not Turkey and you better do your homework before applying for a sensitive job like CEO.\\\"&nbsp;\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"LIC IPO will take place in April, rather than March, as previously planned: Report\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Life Insurance Corporation (LIC) of India will issue its initial public offering (IPO) in April instead of March as decided earlier because of ongoing market turbulence, LiveMint reported on Monday citing three officials aware of the change in plans. The government is watching the market volatility, due to the Russia-Ukraine war, closely and investor interest will be the key deciding factor for the timing of India's biggest IPO, the report said. The government is looking to sell 5% of its stake in the insurer through an offer for sale (OFS) to raise nearly Rs 75,000 crore. “We will try to do the LIC IPO some time next month, maybe at the end of April. We don’t want to delay it much further. We have a window till 12 May,\\\" LiveMint quoted as saying one of the three officials cited above said, adding the government expects the market sentiments weakened by geopolitical tensions to improve in April.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/global-bonds-have-slipped-10-from-peak\\\">Global bonds have slipped 10% from peak</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Global bond markets are trading with a 10% decline for the first time in over a decade as rising inflation forces yields higher. The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt, has declined about 9.9% from a high in early 2021, the biggest decline from its highest level in 2008, according to a report by Bloomberg. Losses have been particularly steep in pockets of global credit markets. According to a Bloomberg Index, Asian dollar bonds have fallen around 10.5% from their highest in 2021, after <a href=\\\"https://opoyi.com/topic/chinese\\\">Chinese</a> defaults rose to a record. Broader credit markets have also shown signs of distress after weeks of outflows. Spreads on the investment-grade dollar and euro-denominated corporate bonds have widened over 55% so far this year to their peak since the summer of 2020, show the Bloomberg index.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/english/nestle-hul-announces-price-hike-maggi-tea-to-get-costlier\\\">Nestle, HUL announces price hike: Maggi, tea to get costlier</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Hindustan Unilever Limited (HUL) and <a href=\\\"https://opoyi.com/topic/nestle\\\">Nestle</a> announced a price hike for products such as tea, coffee, milk and noodles on March 14, reported CNBC TV-18 quoting sources. Nestle <a href=\\\"https://opoyi.com/topic/india\\\">India</a> is raising the prices of Maggi noodles by 9% to 16%. Apart from Maggi, Nestle India has also announced a price hike for its milk and coffee powder. With the recent changes, the Maggi Masala noodles 70gm price will cost Rs 14 from earlier Rs 12. The price of Maggi Masala Noodles 140 gm is raised by Rs 3% or 12.5%, while the 560 gm pack is will become expensive by 9.4% and will be retailed at Rs 105 from earlier Rs 96. The price of Nestle A+milk 1 liter pack will be costlier by 4% than its current price, which makes it to Rs 78 from Rs 75. The price of Nescafe classic coffee powder is increased by 3-7%, resulting in the price of Nescafe classic 25 gm pack up by 2.5% to Rs 80 from Rs 78. Nescafe classic 50 gm pack is raised to Rs 150 from Rs 145, a 3.4% hike. Furthermore, another <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> major HUL too has taken price hikes in its tea and coffee powder range. HUL has raised prices of Bru coffee powder by 3-7% across packs. Bru gold coffee jars will become costlier 3-4%, instant coffee pouches costlier by 3-6.66% across packs. Bru instant coffee pouches are now costlier by 3% to 6.66% across packs. Taj Mahal tea prices are raised by 3.7% to 5.8% across variants, according to the CNBC TV-18 report.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/bulkdeal\\\">Bulk Deal data</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"AVIRAT ENTERPRISE sold 33,600 shares in Bombay Metrics S C Ltd at Rs 418.56 per share on the <a href=\\\"https://opoyi.com/topic/nse\\\">NSE</a>.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"INTEGRATED CORE STRATEGIES ASIA PTE LTD bought 4,10,602 shares in BSE Limited at Rs 2,895.80 per share on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"ADITYA VIKRAM AGARWAL (HUF) sold 5,46,135 shares in Mcleod Russel India Limited at Rs 22.99 per share on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"DEVDIP BUILDERS PRIVATE LIMITED bought 1,00,000 shares of Dangee Dums Limited at Rs 212.09 per share on NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"SETHI VINOD RAJINDRANATH sold 29,42,300 shares of Supreme Engineering Ltd at Rs 2.11 per share on NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"OREGON PUBLIC EMPLOYEES RETIREMENT SYSTEM bought 4,62,371 shares in Dhampur Sugar Mills Ltd at Rs 492.28 per share on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"RAMLAL KANWARLAL JAIN bought 2,00,000 equity shares in Mawana Sugars Limited at Rs 164.84 per share on the NSE, the bulk deals data showed.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"VIKI JAYESHKUMAR SHAH bought 54,000 shares of Vaishali Pharma Limited at Rs 55.48 per share on NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/fiianddii\\\">DII and FII data</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Foreign institutional investors (FIIs) sold shares worth a net Rs 176.52 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1098.62 crore in the Indian equity market on March 14, as per provisional data available on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"<a href=\\\"https://opoyi.com/topic/foban\\\">NSE F&amp;O Ban</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Balrampur Chini Mills is under the F&amp;O ban for March 15. Securities in the ban period under the F&amp;O segment include companies in which the security has crossed 95% of the market-wide position limit.\"}}]}

<ul>
 <li>Sensex rose 935.72 points or 1.68% to 56,486.02 and Nifty was up by 240.85 points or 1.45% to 16,871.30</li>
 <li>FIIs sold shares worth a net Rs 176.52 crore while DIIs bought shares worth a net Rs 1098.62 crore</li>
 <li>The trends on SGX Nifty indicate a negative opening for the index in India</li>
</ul>

Trade Setup: Top 15 things to know before market opens on March 15, 2022

France

China

Chinese

Japan

Ukraine

Germany

London

AirIndia

New Delhi, Delhi, India

Hindustan Unilever Limited (HUL) and Nestle announced a price hike for products such as tea, coffee, milk and noodles on March 14, reported CNBC TV-18 quoting sources. Nestle India is raising the prices of Maggi noodles by 9% to 16%. Apart from Maggi, Nestle India has also announced a price hike for its milk and coffee powder. Also Read | Shift work may slow down brain function, lead to poor working memory: Study,With the recent changes, the Maggi Masala noodles 70gm price will cost Rs 14 from earlier Rs 12. The price of Maggi Masala Noodles 140 gm is raised by Rs 3% or 12.5%, while the 560 gm pack is will become expensive by 9.4% and will be retailed at Rs 105 from earlier Rs 96. The price of Nestle A+milk 1 litre pack will be costlier by 4% than its current price, which makes it to Rs 78 from Rs 75. The price of Nescafe classic coffee powder is increased by 3-7%, resulting in the price of Nescafe classic 25 gm pack up by 2.5% to Rs 80 from Rs 78. Nescafe classic 50 gm pack is raised to Rs 150 from Rs 145, a 3.4% hike. Also Read | Ruchi Soya share locks at 20% upper circuit as board approves Rs 4,300 crore FPO,Furthermore, another FMCG major HUL too has taken price hikes in its tea and coffee powder range. HUL has raised prices of Bru coffee powder by 3-7% across packs. Bru gold coffee jars will become costlier 3-4%, instant coffee pouches costlier by 3-6.66% across packs. Bru instant coffee pouches are now costlier by 3% to 6.66% across packs. Taj Mahal tea prices are raised by 3.7% to 5.8% across variants, according to the CNBC TV-18 report. Also Read | India’s indigenous Corbevax Coronavirus Vaccine: All you need to know,Brooke Bond 3 roses variants are now costlier by 1.5% to 14% across packs and variants. While announcing the price hikes in its products, Hindustan Unilever said it was facing inflationary pressures on its products and was able to provide the right price-value equation to consumers. These price hikes by the leading fast-moving consumer goods (FMCG) companies came ahead of the release of the retail inflation data for February 2022, released today. Also Read | India to start jabs for 12 to 14-year-olds; comorbidity clause removed,According to the data released by National Statistical Office (NSO), India’s retail inflation rate based on the Consumer Price Index (CPI) jumped to a seven-month high of 6.01% in February 2022. The past few months have seen drastic price hikes across segments and categories due to a wide range of reasons including cost of raw materials, transportations costs, etc. The overall household budget has increased in recent months because of the soaring inflation.

{\"time\":1647275182422,\"strCount\":3198,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Hindustan Unilever Limited (HUL) and Nestle announced a\\nprice hike for products such as tea, coffee, milk and noodles on March 14,\\nreported CNBC TV-18 quoting sources.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Nestle <a href=\\\"https://opoyi.com/topic/india\\\">India</a> is raising the prices of Maggi noodles by 9%\\nto 16%. Apart from Maggi, Nestle India has also announced a price hike for its\\nmilk and coffee powder.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/shift-work-may-slow-down-brain-function-lead-to-poor-working-memory-study\\\">Shift work may slow down brain function, lead to poor working memory: Study</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"With the recent changes, the Maggi Masala noodles 70gm\\nprice will cost Rs 14 from earlier Rs 12. The price of Maggi Masala Noodles 140\\ngm is raised by Rs 3% or 12.5%, while the 560 gm pack is will become expensive\\nby 9.4% and will be retailed at Rs 105 from earlier Rs 96.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The price of Nestle A+milk 1 litre pack will be costlier\\nby 4% than its current price, which makes it to Rs 78 from Rs 75. The price of\\nNescafe classic coffee powder is increased by 3-7%, resulting in the price of\\nNescafe classic 25 gm pack up by 2.5% to Rs 80 from Rs 78. Nescafe classic 50\\ngm pack is raised to Rs 150 from Rs 145, a 3.4% hike.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/ruchi-soya-share-locks-at-20-upper-circuit-as-board-approves-rs-4300-crore-fpo\\\">Ruchi Soya share locks at 20% upper circuit as board approves Rs 4,300 crore FPO</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Furthermore, another <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> major HUL too has taken price\\nhikes in its tea and coffee powder range. HUL has raised prices of Bru coffee\\npowder by 3-7% across packs. Bru gold coffee jars will become costlier 3-4%,\\ninstant coffee pouches costlier by 3-6.66% across packs.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Bru instant coffee pouches are now costlier by 3% to\\n6.66% across packs. Taj Mahal tea prices are raised by 3.7% to 5.8% across\\nvariants, according to the CNBC TV-18 report.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/indias-indigenous-corbevax-coronavirus-vaccine-all-you-need-to-know\\\">India’s indigenous Corbevax Coronavirus Vaccine: All you need to know</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Brooke Bond 3 roses variants are now costlier by 1.5% to\\n14% across packs and variants. While announcing the price hikes in its\\nproducts, Hindustan Unilever said it was facing inflationary pressures on its\\nproducts and was able to provide the right price-value equation to consumers.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"These price hikes by the leading fast-moving consumer\\ngoods (FMCG) companies came ahead of the release of the retail inflation data\\nfor February 2022, released today.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/india-to-start-jabs-for-12-to-14-year-olds-comorbidity-clause-removed\\\">India to start jabs for 12 to 14-year-olds; comorbidity clause removed</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to the data released by National Statistical\\nOffice (NSO), India’s retail inflation rate based on the Consumer Price Index\\n(CPI) jumped to a seven-month high of 6.01% in February 2022.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The past few months have seen drastic price hikes across\\nsegments and categories due to a wide range of reasons including cost of raw\\nmaterials, transportations costs, etc. The overall household budget has\\nincreased in recent months because of the soaring inflation.\"}}]}

<ul>
 <li>HUL and Nestle announced a price hike for products such as tea, coffee, milk and noodles</li>
 <li>Nestle India is raising the prices of Maggi noodles by 9% to 16%</li>
 <li>HUL has raised prices of Bru coffee powder by 3-7% across packs</li>
</ul>

Opoyi Central

Nestle, HUL announces price hike: Maggi, tea to get costlier

Inflation

Rampur (Assam), Mar 8 (PTI) On account of International Women's Day, FMCG major Britannia Industries on Tuesday announced that it is planning to increase the women workforce at its largest northeastern plant near Guwahati to 65 per cent this year.The company currently employs 1,367 people through permanent and contract modes, of which 60 per cent are women, Britannia Industries Regional Manufacturing Head (East) Kishor Vinayak Kulkarni said at the plant, located at Rampur in Kamrup district of Assam.Women are an important constituent of our society as well as our company. We are steadily increasing the number of women employees at our manufacturing facility over the years. We are looking forward to closing the 2022 calendar year with 65 per cent women in our workforce, he told PTI.Kulkarni, however, did not share any figure regarding the total number of employees the company is likely to have by the end of this year.The exact number of employees that we are going to hire during the year is difficult to say at this moment. As the production demand grows, the overall workforce capacity is set to grow. We are clear that the women employees will be 65 per cent of the total workforce, he added.The plant has an installed daily production capacity of 260 tonnes and the present capacity utilisation stands at 210-240 tonnes, Kulkarni said.The facility manufactures six different products, including the company's flagship brands Good Day, Marie Gold and Nutrichoice, he added.Britannia reviews the progress of its diversity programme every month and measures progress against targets across metrics such as recruitment, engagement, promotion and attrition.Women in leadership roles have played an important role in facilitating a more inclusive environment, especially in manufacturing operations, Kulkarni said.The Wadia Group inaugurated the plant at Rampur near Guwahati in July 2018. It had invested Rs 170 crore to set up Britannia's largest greenfield manufacturing facility of that time.

Britannia to increase women workforce in Assam plant to 65 pc

Guwahati

Assam

InternationalWomensDay

Equity benchmarks were severely thrashed on Monday, with the Sensex crashing 1,491 points amid weak global markets and rising oil prices triggered by the Russia-Ukraine conflict. Extending the losses for the fourth straight session, the 30-scrip BSE Sensex started on a weak note and slumped 1,966.71 points or 3.61% to 52,367.10 during the day. It finally settled at 52,842.75, a decline of 1,491.06 points or 2.74%. Likewise, the broader NSE Nifty tanked 382.20 points or 2.35% to close at 15,863.15. Also Read | Indian Rupee falls to record low against US dollar on surging oil prices,Among sectoral indices, the metal index gained over 2%, while bank, auto, capital goods, FMCG, PSU Bank and realty finished 2-5% down. BSE midcap and smallcap indices shed over 2% each. IndusInd Bank was the top loser on the Sensex pack, down by 7.63%, followed by Axis Bank down by 6.70%, Maruti down by 6.56%, Bajaj Finance down by 6.37%, Bajaj Finserv down by 6.27%, Mahindra down by 5.85% and UltraTech Cement down by 5.80%. Also Read | Ukraine conflict: Crude oil hits record high since 2008, Palladium on the rise,Among the gainers was Bharti Airtel up by 3.46%, HCL Tech up by 1.38%, Tata Steel up by 1.12% and Infosys up by 0.93%. Asian market bourses such as Hong Kong, Shanghai and Tokyo finished significantly lower. Also Read | PNB Housing Finance shares surge over 7% on announcing fundraising plans,European stock exchanges were also trading in the red in the afternoon session. Meanwhile, global oil benchmark Brent crude surged 6.08% to USD 125.3 a barrel. Also Read | Fuel prices: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on March 7, 2022,According to exchange data, foreign institutional investors continued their selling spree in Indian markets as they sold shares worth Rs 7,631.02 crore on a net basis on Friday. ,The rupee slipped 84 paise to close at its lifetime low of 77.01 (provisional) against the US dollar on Monday.

{\"time\":1646653884036,\"strCount\":2547,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Equity benchmarks were severely thrashed on Monday, with the Sensex crashing 1,491 points amid weak global markets and rising oil prices triggered by the <a href=\\\"https://opoyi.com/english/russia-ukraine-crisis-third-round-of-negotiation-to-be-held-today-5-things-to-know\\\">Russia-Ukraine conflict</a>.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Extending the losses for the fourth straight session, the 30-scrip BSE Sensex started on a weak note and slumped 1,966.71 points or 3.61% to 52,367.10 during the day. It finally settled at 52,842.75, a decline of 1,491.06 points or 2.74%. Likewise, the broader NSE Nifty tanked 382.20 points or 2.35% to close at 15,863.15.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/indian-rupee-falls-to-record-low-against-us-dollar-on-surging-oil-prices\\\">Indian Rupee falls to record low against US dollar on surging oil prices</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Among sectoral indices, the metal index gained over 2%, while bank, auto, capital goods, FMCG, PSU Bank and realty finished 2-5% down. BSE midcap and smallcap indices shed over 2% each.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"IndusInd Bank was the top loser on the Sensex pack, down by 7.63%, followed by Axis Bank down by 6.70%, Maruti down by 6.56%, Bajaj Finance down by 6.37%, Bajaj Finserv down by 6.27%, Mahindra down by 5.85% and UltraTech Cement down by 5.80%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/ukraine-conflict-crude-oil-hits-record-high-since-2008-palladium-on-the-rise\\\">Ukraine conflict: Crude oil hits record high since 2008, Palladium on the rise</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Among the gainers was Bharti Airtel up by 3.46%, HCL Tech up by 1.38%, Tata Steel up by 1.12% and Infosys up by 0.93%.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Asian market bourses such as Hong Kong, Shanghai and Tokyo finished significantly lower.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/pnb-housing-finance-shares-surge-over-7-on-announcing-fundraising-plans\\\">PNB Housing Finance shares surge over 7% on announcing fundraising plans</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"European stock exchanges were also trading in the red in the afternoon session.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Meanwhile, global oil benchmark Brent crude surged 6.08% to USD 125.3 a barrel.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/fuel-prices-petrol-priced-at-rs-9541-diesel-rs-8667-in-delhi-on-march-7-2022\\\">Fuel prices: Petrol priced at Rs 95.41, diesel Rs 86.67 in Delhi on March 7, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"According to exchange data, foreign institutional investors continued their selling spree in Indian markets as they sold shares worth Rs 7,631.02 crore on a net basis on Friday. \"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The rupee slipped 84 paise to close at its lifetime low of 77.01 (provisional) against the US dollar on Monday.\"}}]}

<ul>
 <li>Sensex closed 1,491.06 points or 2.74% down at 52,842.75</li>
 <li>Nifty tanked 382.20 points or 2.35% to close at 15,863.15</li>
 <li>Rupee slipped 84 paise to close at 77.01 against the US dollar</li>
</ul>

Closing Bell: Sensex crashes 1491 points, Nifty closes at 15,863

Kolkata Mar 5 (PTI) Home-grown FMCG company Emami Limited on Saturday said that it has acquired 19 per cent equity stake in TruNativ F&B Private Limited, a nutrition company for an undisclosed amount. A statement issued by Emami said TruNativ is a nutrition focused food and bevarage company. under the 'Tru Nativ' brand. TruNativ is a D2C business and its products are sold through the website and e-commerce portals. There are plans to expand its footprint by selling through retail stores and supermarket, the statement said. Emami director Harsh V Agarwal said there is a tremendous potential in the products of TruNativ and Emami is excited to enter this segment but the company disclose the amount paid by it. With health and wellness being the buzzword for consumers today, we see tremendous potential in the nutrition segment. TruNativ product offerings are very unique as they are based on real consumer habits and issues. We are excited to enter this segment which is in line with our investment strategy and look forward to add meaningful value to the brand,” he said. The nutrition company is dedicated towards empowering health and fitness enthusiasts with affordable and healthy food & beverage options, he said but did not disclose sales and other details.

Emami acquires stake in nutrition company

KOLHAPUR, India, March 4, 2022 /PRNewswire/ -- Shrenik Ghodawat, Managing Director – Ghodawat Consumer Ltd (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), was recently conferred with the Entrepreneur 35 Under 35 award for achieving a historic revenue milestone of INR 1,000 crores at the end of FY21, and for being the driving force behind the inception of rural start-up, Star Localmart - a locally sourced, locally processed, and locally sold retail ecosystem. In today's volatile economic environment, any entrepreneurial initiative faces a greater difficulty producing revenues from a company while simultaneously striving to gain client trust and keep the brand loyalty intact. 2021 being a challenging year for everyone, GCL dealt with a lot of disruption in its demand and supply chain, yet, the company overcame these obstacles and were able to achieve a 40% CAGR. GCL's ongoing credo for success has been to be adaptable and agile to changing environments, since challenges and obstacles will keep appearing in the future. The company is profitable and has grown its revenue by 40% and profitability by 60% on a YOY basis and they look forward to doing the same in the next two years. GCL aims to produce quality products that compel consumers to at least use one GCL product throughout the day. With over 2,000 distributors, GCL's goods have served millions of consumers across India. Thanking the entire team of GCL and Star Localmart, Shrenik said, It is an absolute honor to be part of this illustrious list of entrepreneurs. I would like to dedicate this award to our entire team for their hard work as it is because of their efforts I have been able to be part of this list. Further elaborating on the secret to GCL's success, Our world-class manufacturing facilities, extensive rural and urban penetration, distribution network and business ethics are the key driving factors for accomplishing this illustrious feat in such a short period of time. In due course of time, we shall also consider expanding to newer geographies and adding more products to our portfolio in GCL. At Star Localmart we plan to add 3,000 stores by FY25 which will generate employment opportunities for over 25,000 people, added Shrenik. 35 under 35 is all about millennial pride. It is a celebration of self-belief and individuality. Founded in 2017, the aim has always been to cover achievers who have been game-changers in various industry sectors. Entrepreneur recognizes such extraordinary examples and celebrates such professional who have built great companies before the age of 35. About Sanjay Ghodawat Group Sanjay Ghodawat Group (SGG) is a prominent Indian business conglomerate that has a presence in various high-value business verticals. Aviation, Consumer Products, Education, Energy, Mining, Realty, Retail, and Textiles are some of its key business domains. SGG was founded in 1993 and since then it has witnessed impressive growth under the splendid stewardship of its Founder and Chairman - Mr. Sanjay Ghodawat. It has a strong base of millions of customers globally, an employee strength of over 10,000, and a student base of over 16,000. SGG is moving ahead with great vigor and bringing significant changes in people's lives with its wide range of high-quality products and services. For more information, please visit www.ghodawat.com. Photo: https://mma.prnewswire.com/media/1759522/Shrenik_Ghodawat_35_Under_35.jpg Logo: https://mma.prnewswire.com/media/1759521/Ghodawat_Consumer_Logo.jpg PWR PWR

Shrenik Ghodawat conferred with Entrepreneur 35 Under 35 award

Markets lost all of their early gains in afternoon trade, as traders chose to book profits amid geopolitical tensions between Russia and Ukraine. Traders were particularly concerned after US Federal Reserve Chair Jerome Powell said that the central bank will begin hiking interest rates this month, despite the uncertainty caused by the Russia-Ukraine crisis. Also Read| Crypto news daily: Bitcoin data and price analysis for March 3, 2022,On the global front, all Asian markets were trading higher with Taiwan Weighted strengthened 66.80 points or 0.37% to 17,934.40, Shanghai Composite gained 1.81 points or 0.05% to 3,486.00, KOSPI rose 43.61 points or 1.61% to 2,747.13, Nikkei 225 surged 184.24 points or 0.7% to 26,577.27, Straits Times advanced 24.26 points or 0.75% to 3,268.66 and Hang Seng was up 112.74 points or 0.5% to 22,456.66. Also Read| Vedanta shares hit 52 weeks high on approving 3rd interim dividend for FY22,Sensex is currently trading at 55,409.79, down by 59.11 points or 0.11% after trading in a range of 55,344.32 and 55,996.62. There were 13 stocks advancing against 17 stocks declining on the index. Also Read| ITC shares rise over 1% on announcing expansion plans in east India,The broader indices were trading in green with the BSE Midcap index rising 0.12%, while the Small-cap index up by 0.76%. The top gaining sectoral indices on the BSE were Utilities up by 2.37%, Power up by 2.33%, IT up by 1.78%, TECK up by 1.51% and Metal was up by 1.50%, while Auto down by 0.70%, Consumer Durables down by 0.42%, Bankex down by 0.37%, Consumer Discretionary down by 0.30% and FMCG was down by 0.04% were the top losing indices on BSE. Also Read| Gold, silver and other metal prices on Thursday, March 3, 2022,The top gainers on the Sensex were Wipro up by 3.56%, Tech Mahindra up by 3.10%, HCL Tech. up by 2.96%, Power Grid up by 2.82% and Tata Steel was up by 2.18%. On the flip side, Asian Paints down by 3.60%, Ultratech Cement down by 3.23%, Dr Reddy's Lab down by 1.77%, Hindustan Unilever down by 1.50% and Maruti Suzuki was down by 1.41% were the top losers. Also Read| Trending Stocks: Vedanta, Union Bank, Tata Motors and others in news today,Nifty is currently trading at 16,571.70, down by 34.25 points or 0.21% after trading in a range of 16,561.85 and 16,768.95. There were 23 stocks advancing against 27 stocks declining on the index. Also Read| NSE lets Indian investors trade in specific US stocks from March 3,The top gainers on Nifty were Wipro up by 3.66%, HCL Tech. up by 3.06%, Tech Mahindra up by 3.01%, Coal India up by 2.98% and Power Grid was up by 2.80%. On the flip side, Asian Paints down by 3.70%, Ultratech Cement down by 3.27%, Shree Cement down by 2.79%, HDFC Life Insurance down by 2.64% and Dr Reddy's Lab was down by 1.78% were the top losers.

{\"time\":1646294498127,\"strCount\":3657,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"Markets lost all of their early gains in afternoon trade, as traders chose to book profits amid geopolitical tensions between <a href=\\\"https://opoyi.com/topic/russia\\\">Russia</a> and <a href=\\\"https://opoyi.com/topic/ukraine\\\">Ukraine</a>. Traders were particularly concerned after <a href=\\\"https://opoyi.com/topic/us\\\">US</a> Federal Reserve Chair Jerome Powell said that the central bank will begin hiking interest rates this month, despite the uncertainty caused by the Russia-Ukraine crisis.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/crypto-news-daily-bitcoin-data-and-price-analysis-for-march-3-2022\\\">Crypto news daily: Bitcoin data and price analysis for March 3, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"On the global front, all Asian markets were trading higher with Taiwan Weighted strengthened 66.80 points or 0.37% to 17,934.40, Shanghai Composite gained 1.81 points or 0.05% to 3,486.00, KOSPI rose 43.61 points or 1.61% to 2,747.13, Nikkei 225 surged 184.24 points or 0.7% to 26,577.27, Straits Times advanced 24.26 points or 0.75% to 3,268.66 and Hang Seng was up 112.74 points or 0.5% to 22,456.66.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/vedanta-shares-hit-52-weeks-high-on-approving-3rd-interim-dividend-for-fy22\\\">Vedanta shares hit 52 weeks high on approving 3rd interim dividend for FY22</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Sensex is currently trading at 55,409.79, down by 59.11 points or 0.11% after trading in a range of 55,344.32 and 55,996.62. There were 13 stocks advancing against 17 stocks declining on the index.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/itc-shares-rise-over-1-on-announcing-expansion-plans-in-east-india\\\">ITC shares rise over 1% on announcing expansion plans in east India</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The broader indices were trading in green with the BSE Midcap index rising 0.12%, while the Small-cap index up by 0.76%. The top gaining sectoral indices on the BSE were Utilities up by 2.37%, Power up by 2.33%, IT up by 1.78%, TECK up by 1.51% and Metal was up by 1.50%, while Auto down by 0.70%, Consumer Durables down by 0.42%, Bankex down by 0.37%, Consumer Discretionary down by 0.30% and <a href=\\\"https://opoyi.com/topic/fmcg\\\">FMCG</a> was down by 0.04% were the top losing indices on BSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-thursday-march-3-2022\\\">Gold, silver and other metal prices on Thursday, March 3, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The top gainers on the Sensex were Wipro up by 3.56%, Tech Mahindra up by 3.10%, HCL Tech. up by 2.96%, Power Grid up by 2.82% and Tata Steel was up by 2.18%. On the flip side, Asian Paints down by 3.60%, Ultratech Cement down by 3.23%, Dr Reddy's Lab down by 1.77%, Hindustan Unilever down by 1.50% and Maruti Suzuki was down by 1.41% were the top losers.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/trending-stocks-vedanta-union-bank-tata-motors-and-others-in-news-today\\\">Trending Stocks: Vedanta, Union Bank, Tata Motors and others in news today</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Nifty is currently trading at 16,571.70, down by 34.25 points or 0.21% after trading in a range of 16,561.85 and 16,768.95. There were 23 stocks advancing against 27 stocks declining on the index.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read|&nbsp;<a href=\\\"https://opoyi.com/english/nse-lets-indian-investors-trade-in-specific-us-stocks-from-march-3\\\">NSE lets Indian investors trade in specific US stocks from March 3</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The top gainers on Nifty were Wipro up by 3.66%, HCL Tech. up by 3.06%, Tech Mahindra up by 3.01%, Coal India up by 2.98% and Power Grid was up by 2.80%. On the flip side, Asian Paints down by 3.70%, Ultratech Cement down by 3.27%, Shree Cement down by 2.79%, HDFC Life Insurance down by 2.64% and Dr Reddy's Lab was down by 1.78% were the top losers.\"}}]}

<ul>
 <li>Sensex is currently trading at 55,409.79, down by 59.11 points or 0.11%</li>
 <li>Nifty is currently trading at 16,571.70, down by 34.25 points or 0.21%</li>
 <li>On the global front, all Asian markets were trading higher</li>
</ul>

Stock market midday report: Sensex down 59 points, Nifty around 16,570

JeromePowell

FederalReserve

Auto

Europe

Kolkata, Mar 2 (PTI) The dairy business of diversified conglomerate ITC Limited will focus on east India, particularly West Bengal and Bihar, for the next few years, a company official said on Wednesday. Speaking to reporters on the launch of lactose-free milk here, chief operating officer (COO) of dairy and beverages business of ITC Sanjay Singal said that the dairy business is growing faster, though on a smaller base. He said the fresh dairy business of the company started in West Bengal four years back, adding that the share of the division in the organised sector is substantial and growing. Singal said that the dairy business is contributing less than ten per cent to the company's FMCG revenue, of which it is a part. According to him, there is no national player in the organised dairy business, adding that the market for fresh dairy (milk) in West Bengal is around Rs 4,000 crore to Rs 5,000 crore. The company had already launched milk, curd, paneer, lassi and mishti doi (sweet curd) in the dairy business under 'Aashirvaad Svasti' brand so far.

ITC's dairy business to focus on east India for next few years: Official

WestBengal

Kolkata

Chennai, Feb 16 (PTI) Well-known hair care brand Meera on Wednesday announced the digital launch of Meera Music, an initiative aimed at bringing the younger generation closer to traditional music through Carnatic fusion. Meera is the hair care brand from FMCG major CavinKare. Commenting on the launch, Raja Varatharaju, Business Head – Personal Care, said, Meera Music brings the goodness of traditional music to today's younger generation. We believe this will take the engagement with our consumers to the next level. According to a company release, Meera Music is live on YouTube from Wednesday onwards with its maiden song 'Jagadodharana', a Carnatic classic performed by city-based A Carnatic Quartet band featuring the well-known duo Ranjani and Gayatri. In the upcoming episodes, there will be performances of aspiring and popular artists to take the audience on a unique experience in music. The digital foray of CavinKare's Meera will also be supported by promotions across different social media platforms and micro-influencer engagement from the music industry, it said.

Meera Music aims to connect younger generation with traditional music

Mumbai, Feb 15 (PTI) The BSE gauge Sensex zoomed past the 58,000-mark by rebounding over 1,700 points and the Nifty recaptured the 17,000-level on Tuesday after a massive plunge in the previous session. The 30-share Sensex surged 1,736.21 points or 3.08 per cent to end at 58,142.05 – recouping the losses suffered on Monday. Likewise, the NSE Nifty soared 509.65 points or 3.03 per cent to settle at 17,352.45. On the Sensex chart, all 30 shares closed with gains -- with Bajaj Finance, SBI, Bajaj FinServ, L&T and Titan rising as much as 5.13 per cent. As the street went into trade today after yesterday's biggest single-day fall in the last ten months, investors were left thinking whether the template has indeed changed. A confluence of headwinds is now weighing on the minds of investors even as we had a massive pull back rally today led by autos, banks, IT and FMCG, said S Ranganathan, Head of Research at LKP Securities. The narrative for the day, however, was the fact that investors used the correction to their advantage, thereby triggering short covering amid encouraging export data for the month of January, he added. Elsewhere in Asia, bourses closed with losses on fears of a potential Russian invasion of Ukraine. The US administration has warned Russia of severe consequences in case its forces attack Ukraine. Global crude oil benchmark Brent Futures fell 2.44 per cent to USD 94.13 per barrel on Tuesday. Foreign institutional investors (FIIs) were net sellers in the capital market on Monday, as they offloaded shares worth Rs 4,253.70 crore, according to stock exchange data.

Sensex zooms over 1,700 pts to reclaim 58K-level; Nifty above 17K

Mumbai, Feb 15 (PTI) The BSE gauge Sensex recovered over 315 points to trade at 56,721 in opening deals on Tuesday, on emergence of buying mainly in IT and FMCG stocks, despite a lacklustre trend in global markets due to the Ukraine crisis. The 30-share Sensex opened on a positive note and firmed up its gains as the morning trade progressed. It was quoted at 56,721.45, showing a gain of 315.61 points or 0.56 per cent. Likewise, the NSE barometer Nifty was trading 128 points or 0.76 per cent higher at 16,970.80. The Sensex was mainly driven by HUL, Wipro, Tech Mahindra, Titan and Infosys – with gains of up to 1.55 per cent. The BSE Sensex on Monday nosedived 1,747.08 points or 3 per cent to settle at 56,405.84. This was its biggest single-day drop since February 26, 2021. On similar lines, the NSE Nifty had plummeted 531.95 points or 3.06 per cent to 16,842.80 -- closing below the key 17,000-level for the first time this year. Investors lost more than Rs 12.38 lakh crore in the previous two days. Markets - stocks, bonds, crude, gold - have turned highly volatile on fears arising from the Russia-Ukraine tensions. The Indian stock market, being expensively valued, corrected the most among emerging markets with Sensex declining 3 per cent yesterday, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Elsewhere in Asia, bourses were trading with losses on fears of a potential Russian invasion of Ukraine. The US administration has warned Russia of severe consequences in case its forces attack Ukraine. Global crude oil benchmark Brent Futures fell 0.61 per cent to USD 95.89 per barrel on Tuesday. Foreign institutional investors (FIIs) were net sellers in the capital market on Monday, as they offloaded shares worth Rs 4,253.70 crore, according to stock exchange data.

Sensex recovers 315 pts in opening trade; IT, FMCG shares lend support

FMCG major Adani Wilmar made a weak debut on February 8 with the stock listing at a 4% discount to the issue price before rallying 7%. The stock opened at Rs 227 on the NSE and Rs 221 on the BSE against an issue price of Rs 230. After a subdued opening, the stock rallied 18% from the day’s low to Rs 267.90 apiece. It has surged 16.4% from the issue price of Rs 230. On the National Stock Exchange, Adani Wilmar (AWL) closed at Rs 267.35 against the opening price of Rs 230. Also Read | TVS, Adani Wilmar and other stocks that moved most on February 8,The Rs 3,600 crore public issue had received a good response from investors as it was subscribed 17.3 times during January 27-31, 2022. The portion reserved for non-institutional investors was subscribed 56.30 times and the shareholders' quota was booked 33.33 times. The portions kept for retail investors and qualified institutional buyers were subscribed 3.92 times and 5.73 times, respectively. Also Read | Closing bell: Sensex gains 187 points, Nifty close at 17,267,Santosh Meena, head of research, Swastika Investmart Ltd, said, “Adani Wilmar is debuting the secondary market with a minor loss against the expectation of a listing gain of 10-15%. Those who applied for listing gain can maintain a stop loss of Rs 200 while long-term investors should hold. New investors can also look at buying opportunities at the initial weakness. Also Read | TVS Motor surges 8% on strong quarterly performance,The market capitalization of Adani Wilmar has increased to Rs 33,746.15 crore from Rs 28,722.90 crore at listing. In terms of volumes, a total of 44.09 lakh shares have been traded on the BSE, while 9.67 crore shares were exchanged on the NSE. Also Read | Top 5 cryptocurrencies of the day: BTC up by 4%, SPOOKYSHIBA trends at no. 1,In FY21, Adani Wilmar registered 58% growth in consolidated profit at Rs 727.65 crore and 25% growth in revenue at Rs 37,090.42 crore as compared to the previous year. Also Read | Gold, silver and other metal prices on Tuesday, February 8, 2022,Adani Wilmar is a joint venture between the Adani Group and the Singapore-based Wilmar group. Incorporated in 1999, the company offers a wide range of packaged foods such as edible oil, wheat flour, pulses and rice under a diverse range of brands to cater to various price points. Its flagship brand Fortune is the largest selling oil brand in India.

{\"time\":1644322976675,\"strCount\":3059,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"FMCG major <a href=\\\"https://opoyi.com/english/adani-wilmar-ipo-launch-heres-all-you-need-to-know\\\">Adani Wilmar</a> made a weak debut on February 8 with the stock listing at a 4% discount to the issue price before rallying 7%. The stock opened at Rs 227 on the NSE and Rs 221 on the BSE against an issue price of Rs 230.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"After a subdued opening, the stock rallied 18% from the day’s low to Rs 267.90 apiece. It has surged 16.4% from the issue price of Rs 230. On the National Stock Exchange, Adani Wilmar (AWL) closed at Rs 267.35 against the opening price of Rs 230.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/tvs-adani-wilmar-and-other-stocks-that-moved-most-on-february-8\\\">TVS, Adani Wilmar and other stocks that moved most on February 8</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The Rs 3,600 crore public issue had received a good response from investors as it was subscribed 17.3 times during January 27-31, 2022. The portion reserved for non-institutional investors was subscribed 56.30 times and the shareholders' quota was booked 33.33 times. The portions kept for retail investors and qualified institutional buyers were subscribed 3.92 times and 5.73 times, respectively.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/closing-bell-sensex-gains-187-points-nifty-close-at-17267\\\">Closing bell: Sensex gains 187 points, Nifty close at 17,267</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Santosh Meena, head of research, Swastika Investmart Ltd, said, “Adani Wilmar is debuting the secondary market with a minor loss against the expectation of a listing gain of 10-15%. Those who applied for listing gain can maintain a stop loss of Rs 200 while long-term investors should hold. New investors can also look at buying opportunities at the initial weakness.\\\"\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/tvs-motor-surges-8-on-strong-quarterly-performance\\\">TVS Motor surges 8% on strong quarterly performance</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The market capitalization of Adani Wilmar has increased to Rs 33,746.15 crore from Rs 28,722.90 crore at listing. In terms of volumes, a total of 44.09 lakh shares have been traded on the BSE, while 9.67 crore shares were exchanged on the NSE.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/top-5-cryptocurrencies-of-the-day-btc-up-by-4-spookyshiba-trends-at-no-1\\\">Top 5 cryptocurrencies of the day: BTC up by 4%, SPOOKYSHIBA trends at no. 1</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"In FY21, Adani Wilmar registered 58% growth in consolidated profit at Rs 727.65 crore and 25% growth in revenue at Rs 37,090.42 crore as compared to the previous year.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/english/gold-silver-and-other-metal-prices-on-tuesday-february-8-2022\\\">Gold, silver and other metal prices on Tuesday, February 8, 2022</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Adani Wilmar is a joint venture between the <a href=\\\"https://opoyi.com/topic/adanigroup\\\">Adani Group</a> and the Singapore-based Wilmar group. Incorporated in 1999, the company offers a wide range of packaged foods such as edible oil, wheat flour, pulses and rice under a diverse range of brands to cater to various price points. Its flagship brand Fortune is the largest selling oil brand in India.\"}}]}

<ul>
 <li>FMCG major Adani Wilmar made a weak debut on February 8</li>
 <li>The stock listed at a 4% discount to the issue price of RS 230</li>
 <li>On NSE, Adani Wilmar (AWL) closed at Rs 267.35</li>
</ul>

Adani Wilmar surges 16.4% after tepid debut

GautamAdani

The fast-moving consumer goods (FMCG) industry is seeking government intervention to boost consumption in the economy as it is struggling with high inflation and uneven rural demand. FMCG companies are expecting several budget announcements such as increasing the outlay under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and tax reduction for the salaried class that will help to revive demand in the economy. Also Read | Budget 2022: Ficci seeks separate tax sop for home loan repayments,The government should put money in consumers’ hands to ensure that the demand is not affected. This can be done by lowering taxes on the salaried class or by increasing the income tax slabs, said Mayank Shah, senior category head at Parle Products. A CavinKare spokesperson said, “We would recommend that the government should introduce measures to ensure more money is left in the hands of the salaried and middle class to accelerate consumption and demand,” as reported by MoneyControl. Also Read | Budget 2022: HAI demands infrastructure status for hotels in upcoming budget,The companies are seeking policies to boost the rural economy, which slowed in the previous quarter after being a driver of FMCG growth since the beginning of the pandemic. The government needs to increase the allocation under MGNREGS and continue with its other schemes such as direct cash transfer and food subsidies, which have supported the rural economy even as COVID-19 wreaked havoc in urban areas, said Sanjiv Mehta, HUL Chairman and Managing Director, while addressing a post-earnings virtual briefing. Also Read | Budget 2022: ICEA seeks reduction in import duty on mobile components,HUL indicated a slowdown in the remote areas in the September quarter and demand in these areas weakened in the December quarter. Mehta added that the headline value growth is still there in rural India, buy the volume growth has turned negative. Also Read | Budget 2022: Health sector seeks investment push,Rural areas largely contribute to FMCG sales and a hit on demand in these areas has a direct impact on their sales. Emami, which houses brands such as BoroPlus Navratna and Zandu and earns a major share of its sales from rural India, expects the government to present a growth-oriented budget. Also Read | Budget 2022: Infra sector expects investment push for NPE, Make-in-India,We expect a budget that can drive steady growth post-pandemic, said NH Bhansali, CEO-finance, strategy and business development, Emami Limited. Shah of Parle Products also believes initiatives towards job creation would help in increasing disposable income and demand generation in the economy. Increasing the spending on infrastructure across urban and rural markets would result in higher job creation, which will be positive for different sectors.

{\"time\":1643468581059,\"strCount\":3516,\"blocks\":[{\"type\":\"paragraph\",\"data\":{\"text\":\"The\\nfast-moving consumer goods (FMCG) industry is seeking government intervention\\nto boost consumption in the economy as it is struggling with high inflation and\\nuneven rural demand.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"FMCG\\ncompanies are expecting several <a href=\\\"https://opoyi.com/topic/unionbudget2022\\\">budget</a> announcements such as increasing the\\noutlay under the Mahatma Gandhi National Rural Employment Guarantee Scheme\\n(MGNREGS) and tax reduction for the salaried class that will help to revive\\ndemand in the economy.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/budget-2022-ficci-seeks-separate-tax-sop-for-home-loan-repayments\\\">Budget 2022: Ficci seeks separate tax sop for home loan repayments</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The\\ngovernment should put money in consumers’ hands to ensure that the demand is\\nnot&nbsp;affected. This can be done by lowering taxes on the salaried class or\\nby increasing the income tax slabs, said Mayank Shah, senior category head at\\nParle Products.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"A CavinKare\\nspokesperson said, “We would recommend that the government should introduce\\nmeasures to ensure more money is left in the hands of the <a href=\\\"https://opoyi.com/english/budget-2022-salaried-class-expects-revision-in-tax-slab-section-80c-limit\\\">salaried and middle\\nclass</a> to accelerate consumption and demand,” as reported by MoneyControl.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/budget-2022-hai-demands-infrastructure-status-for-hotels-in-upcoming-budget\\\">Budget 2022: HAI demands infrastructure status for hotels in upcoming budget</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The companies\\nare seeking policies to boost the rural economy, which slowed in the previous\\nquarter after being a driver of FMCG growth since the beginning of the\\npandemic.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"The\\ngovernment needs to increase the allocation under MGNREGS and continue with its\\nother schemes such as direct cash transfer and food subsidies, which have\\nsupported the rural economy even as COVID-19 wreaked havoc in urban areas, said\\nSanjiv Mehta, HUL Chairman and Managing Director, while addressing a\\npost-earnings virtual briefing.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/budget-2022-icea-seeks-reduction-in-import-duty-on-mobile-components\\\">Budget 2022: ICEA seeks reduction in import duty on mobile components</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"HUL indicated\\na slowdown in the remote areas in the September quarter and demand in these\\nareas weakened in the December quarter.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Mehta added\\nthat the headline value growth is still there in rural India, buy the volume\\ngrowth has turned negative.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/budget-2022-health-sector-seeks-investment-push\\\">Budget 2022: Health sector seeks investment push</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Rural areas\\nlargely contribute to FMCG sales and a hit on demand in these areas has a\\ndirect impact on their sales.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Emami, which\\nhouses brands such as BoroPlus Navratna and Zandu and earns a major share of\\nits sales from rural India, expects the government to present a growth-oriented\\nbudget.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Also Read |&nbsp;<a href=\\\"https://opoyi.com/budget-2022-infra-sector-expects-investment-push-for-npe-make-in-india\\\">Budget 2022: Infra sector expects investment push for NPE, Make-in-India</a>\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"\\\"We\\nexpect a budget that can drive steady growth post-pandemic,\\\" said NH\\nBhansali, CEO-finance, strategy and business development, Emami Limited.\"}},{\"type\":\"paragraph\",\"data\":{\"text\":\"Shah of Parle\\nProducts also believes initiatives towards job creation would help in\\nincreasing disposable income and demand generation in the economy. Increasing\\nthe spending on infrastructure across urban and rural markets would result in\\nhigher job creation, which will be positive for different sectors.\"}}]}

<ul>
 <li>FMCG sector is seeking government intervention to boost consumption</li>
 <li>India's Economy is struggling with high inflation</li>
 <li>The government should put money in consumers’ hands</li>
</ul>

#FMCG