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While the institutional players are busy picking a side in the markets, retail investors are weighing upon Q4 results and are taking stock-specific positions
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Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for April
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The issue received bids for 25.81 crore units as against 42.54 crore units on offer.
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The 30-share Sensex tanked 983.58 points, or 1.98%, to 48782.36 due to heavy selling in banking and financial majors.
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The biggest surprise in Bajaj Auto results was 7% rise in average realisation per unit because of better product mix and price hikes
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The consolidated net profit of the company has seen an annualised growth of 30% during the past six years.
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25 out of 30 Sensex stocks ended in the red
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Nomura believes that Reliance Industries may report 135% year-on-year growth in net profit at Rs 14,950 crore.
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Equity indices traded with heavy losses in mid-afternoon trade. Barring the Nifty Pharma index, all other sectoral indices on the NSE traded in the red. Mixed global cues and soaring new Covid-19 cases in the country weighed on the sentiment. At 14:54 IST, the barometer index, the S&P BSE Sensex, was down over 800 points […]
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Barring near-term uncertainties due to rising COVID-19 cases, HUL management is confident of achieving volume-led earning growth on the back of a strong product portfolio, agile supply chain and relatively higher presence in rural India