FinNifty put options across various strikes from 20700 to 21400 saw an alarming surge on the afternoon of April 23 expiry day, climbing as much as 20 times in just one minute, whereas the underlying FinNifty index fell less than 50 points at the same time.At 1:05 pm, the FinNifty 20900 put option spiked from Rs 0.5 to Rs 9; similarly, 21000 PE jumped from Rs 0.95 to Rs 10, as seen in the 1-minute ...

Tata Consumer Products: The FMCG company recorded a consolidated net profit of Rs 268 crore for the quarter ended March FY24, declining sharply by 23 percent compared to the same period last fiscal despite healthy operating numbers, and topline, impacted by an exceptional loss of Rs 216 crore. Revenue from operations grew by 9 percent year over year to Rs 3,927 crore for the quarter. EBITDA increa...

The Gujarat State Petronet share traded 3 percent higher early on April 24 in a huge relief for investors after the stock crashed 24 percent over four sessions after the regulator slashed the tariff for its high-pressure network, triggering downgrades by a string of brokerages.The gains came despite analysts at UBS downgrading the stock to “sell” and slashing the price target, saying the tarif...

All NSE sectoral indices were trading higher except Nifty FMCG which was dragged by Tata Consumer Products. Nifty media led the gains, rising over 1 percent.Indian equity markets open on a positive note mirroring overnight surge in US markets and subsequent gains in Asian equities on April 23. At 09:16 am, the Sensex was up 205.86 points or 0.28 percent at 73,944, and the Nifty was up 45.90 points...

Shares of Tata Elxsi plunged 5 percent in early trade on April 24 after the company reported a decline in both net profit and revenue for the January-March quarter.At 9.15 am, the shares of Tata Elxsi were trading at Rs 7,120 on the NSE.The company's net profit for the March quarter fell 4.6 percent on-quarter to Rs 196.93 crore from Rs 206.4 crore clocked in the October-December period of FY24. T...