Thursday, 18 July 2024
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Nifty is at approximately 19,500, and Sensex down 450 points

  • NFL’s ownership by the corporation decreased from 9.275 percent to 7.257%.
  • LOA for the design and building of an elevated metro viaduct, estimated to cost Rs 395 crore
  • The June quarter net profit for Jupiter Life Line Hospitals Ltd. was Rs 30.4 crore, an 18% decline.

On October 9, National Fertilizers Ltd. shares dropped more than 2% after LIC reduced its ownership of the business through open market transactions. NFL’s ownership by the corporation decreased from 9.275 percent to 7.257%.

A Letter of Acceptance (LOA) for the design and building of an elevated metro viaduct, estimated to cost Rs 395 crore and take 30 months to complete, was given to Rail Vikas Nigam by Maharashtra Metro Rail Corporation.

Nifty and Sensex

On Monday, WTI crude futures increased by more than 4% to above $85 a barrel, making up for losses from last week’s unexpected Hamas attack on Israel. In light of claims that Iran was involved in the attack preparation, analysts worry that geopolitical tensions may worsen internationally.

Even though the violence is localized, economists predict that the rise in crude oil prices will only last a short time because neither Israel nor Palestine are significant oil suppliers. However, because of its closeness to significant oil-producing and exporting countries, if the war lasts for a longer time it may have a short-term impact on crude oil prices.

With a share price objective of Rs 3,190, Morgan Stanley has an overweight opinion of Titan Company. Despite the notion of a general slowdown in discretionary purchasing, Q2 indicators for the jewelry industry indicated a strong increase. The S&P 500 and Nifty each fell 469.69 points, or 0.71 percent, to close at 65,525.94 and 19,513.90, respectively.

The June quarter net profit for Jupiter Life Line Hospitals Ltd. was Rs 30.4 crore, an 18% decline. In the three months leading up to June 2022, operating revenue increased by 16 percent, from 178.9 to 207.8 crore rupees.

While Navin Jain left his position as United Spirits’ Tax Director – Asia & India, Sunny Sharma left his position as Chief Financial Officer and other important administrative positions at Kernex Microsystems India. To plan, design, build, network, and maintain the Government Medical College in District Kanker, Chhattisgarh, Vascon Engineers was given a letter of intent.

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