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Berkshire Hathaway reported nearly $12 billion profit in the first quarter a year after a major loss when the value of its stock investments plummeted because of the coronavirus pandemic
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In the previous session, Sensex climbed 256.71 points or 0.52 per cent to finish at 49,206.47, and Nifty rose 98.35 points or 0.67 per cent to 14,823.15
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Thyrocare reported a 28% rise in consolidated net profit to Rs 113.14 crore on a 14.2% increase in net sales to Rs 494.62 crore in the year ended 31 March 2020.
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The scrip traded 1.46% lower at Rs 6390.20 at around 10.50 am (IST). On the other hand, the benchmark BSE Sensex was up 357 points, or 0.73%, at 49,563 at around the same time.
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28 of 30 Sensex stocks were trading in the green. Dr Reddy's was the top gainers on the Sensex soaring 2.83%, ONGC, Kotak Mahindra Bank, Titan and L&T gained over 1%
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Coal India is all set to continue with the supply of coal to the power plants under import substitution in the FY22.
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US stocks notched a record close on Friday in what proved to be a volatile day in financial markets following a much weaker than expected jobs report.
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Market is expected to remain range-bound in the coming truncated week
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The index consists of 25 Covid-stocks broadly categorised into five verticals of the healthcare industry — vaccine manufacturers, pharma companies, hospital chains, pathology laboratories and medical equipment manufacturers
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The metal and pharma sectors are likely to continue their bull run whereas in the short term, BFSI, FMCG and auto sectors are likely to see some short-covering