The domestic equity indices are trading in the green today after closing flat yesterday. Sensex is trading at 62,451, while Nifty is at 18,580. The broader markets also open marginally higher; NSE Nifty Midcap 100 and NSE Nifty Smallcap 100 are up 0.3%. Sectorally, most indices started in the green as well. HDFC Bank, Axis Bank, Kotak Bank, Reliance and Bajaj Finance are the most active Nifty 5...

Indian benchmark indices are likely to open on a muted note, hinted SGX Nifty. Ahead of the week’s last trading session, Nifty futures were trading 22 pts or 0.12% down at 18092 on the Singapore Exchange, signalling a flat-to-negative start for domestic share market. In the previous session, BSE Sensex declined 70 points to 60,836, while NSE Nifty 50 fell 30 points to 18,053 “Markets are takin...

India’s biggest cookie manufacturer, Britannia Industries Ltd., clinched a deal for operations in Kenya as part of its plan to expand in Africa. The company teamed up with Nairobi-based Kenafric Industries to purchase Catalyst Capital-backed Britania Foods Ltd. in Kenya in a $20 million transaction that also involved acquiring property and a plant, Mikul Shah, a director at Kenafric, said in a...

Indian equity markets are likely to open lower on Monday as ahead of the trading session, SGX Nifty was in red, hinting at a negative start for NSE Nifty 50, and BSE Sensex. “We expect volatility to remain high as we have important events like MPC’s monetary policy review meet and monthly derivatives expiry scheduled during the week. Besides, the prevailing pressure in the global indices would...

Heightened inflationary pressures impacted GM which was down to the lowest level in at least 40 quarters. This drove Ebitda margins also down to a multi-quarter low. 3-Y volume CAGR at around mid-single digit was respectable in the current context. Correction in some of the key input prices from the peak should help, and margins are likely to see a strong bounceback starting H2FY23. While Q1 margi...