Sensex gained 178.02 points, opening at 74,064.96, while Nifty rose by 49.35 points, starting the day at 22,523.30. Among the Nifty companies, 31 advanced while 19 declined in the opening session. Leading the gains were Britannia, Kotak Bank, JSW Steel, Maruti, and TCS, whereas Titan, SBI
Indian stock markets geared up for a dynamic performance in the coming week, influenced by a multitude of factors including earning reports, GDP data in euro zone and global market trends.
Foreign portfolio investors (FPIs) have again returned as net buyers in the Indian stock market in May. Till May 3, they bought equities worth Rs 1,156 crore in India, data from National Securities Depository Limited (NSDL) showed.
The company said the move to expand the leadership team is aligned with its ambition to ensure Paytm's sustained growth across key business verticals, foster innovation and strengthen its group structure for sustainability and regulatory compliance
The net profit for the same period stood at Rs 2,488 crores, reflecting a 20 per cent increase compared to the fourth quarter of FY23. The net profit margins for Q4 FY24 stood at an impressive 49 per cent.
India and Sweden held the 7th Foreign Office Consultations (FOC) on Friday in Stockholm and discussed bilateral relations as well as global issues of mutual interest.
The RBI's move comes in response to changes in the settlement cycle introduced by stock exchanges, shifting from T+2 to T+1 rolling settlement for equities.
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Indian stock markets have generated an impressive performance during the FY 2023-24. The Nifty 50 index delivered a substantial return of 29 percent in FY 24.