Benchmark Sensex and Nifty indices continued to trade in green on April 23 afternoon, led by gains in realty stocks. The rally helped ease market volatility as India VIX, which measures near-term volatility, fell sharply by 19 percent, last seen in May 2019.Around noon, the Sensex was up 263.09 points or 0.36 percent at 73,911.71, and the Nifty was up 83.80 points or 0.38 percent at 22,420.20. The...

Shares of Gujarat State Petronet Ltd (GSPL) failed to hold on to early gains and came sharply off their highs in afternoon trade on April 23, extending losses for the second straight session as a tariff cut prompted a series of downgrades.The stock took a beating in the previous session, falling 20 percent after the Petroleum and Natural Gas Regulatory Board (PNGRB) slashed tariffs for the company...

The Nifty nearing resistance levels of 22,400-22,450 and VIX cooling toward 10 is not a good sign in the near term. Traders are advised to lighten their positions in the short term, analysts said, In an unusual move, volatility gauge India VIX cooled off 19 percent on April 23 to 10.26, extending the early morning fall of 17 percent, after benchmark indices the Sensex and the Nifty opened with a ...

Reliance Industries Ltd surpassed market expectations in the fiscal fourth quarter, posting a net profit of Rs 21,243 crore, fueled by a rebound in its core oil-to-chemicals (O2C) business. Strong performances in the O2C, oil & gas, retail, and Jio segments also impressed analysts.Moreover, the reduction in RIL’s net debt resulting from capital raises and asset divestitures has boosted investors...

Shares of Mahindra Logistics fell 1.4 percent at the open on April 23, a day after the logistics player reported a net loss of Rs 11.9 crore for the March quarter.Mahindra Logistics had reported a profit of Rs 0.20 crore in the year-ago period.Its consolidated revenue, however, grew 14 percent YoY to Rs 1,450.8 crore. EBITDA declined 11.1 percent to Rs 56.6 crore, while the EBITDA margin came in a...