index after Nifty closed 15 points higher at 17,828 - ARETE Securities
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The markets are expected to open flat, as trends in the SGX Nifty indicate a mildly negative start for the broader index after Nifty closed 15 points higher at 17,828 on Thursday.
TV18 Broadcast/Reliance Industries:
Viacom18, a subsidiary of the company has cosed the merger of Reliance Storage with itself and integrated JioCinema as well. Viacom18 allotted shares to RIL group entities and Bodhi Tree Systems as consideration for the scheme of merger.
State Bank of India:
The bank kept 1-year MCLR-based lending rates unchanged across tenures for second month in a row.
Max Healthcare:
The company has completed the acquisition of additional 34,000 shares of Eqova Healthcare for Rs 68.87 crore, taking its shareholding from 26% to 60%.
KIOCL:
KIOCL has been awarded two mineral exploration projects in Karnataka for conducting a reconnaissance survey to identify polymetallic mineralization in the Nagavanda gold and base metal block located in parts of Dhanvangere, Haveri, and Shimoga districts, at a cost of Rs 1.48 crore. Additionally, KIOCL has also been awarded a preliminary exploration project for amalgamated Kalaburagi limestone blocks in the Jevargi region, costing Rs 2.33 crore.
FPIs:
Foreign Portfolio Investors started the current financial year on a positive note and invested Rs 8,767 crore in the Indian equities so far this month on the reasonable stocks’ valuation.
Q4 Earnings Results:
Infosys Q4 FY23 Revenues down by 2.28% at Rs 37,441 crore, EBIT margin were at 21.03% vs 21.5%.Net profit down 6.86% at Rs 6,134 crore. The board recommended a final dividend of Rs 17.50 per share for the 2023 fiscal.
HDFC Bank:
The Bank has reported a 21% YoY rise in consolidated net profit to Rs 12,594.5 crore for the quarter ended March 31. Thecompany posted a 20.3% YoY growth in consolidated net revenue to Rs 34,552.8 crore during the quarter, against Rs 28,733.9 crore recorded during the quarter ended March 31, 2022.
Q4 Results Today:
Network18 Media & Investments, TV18 Broadcast, Angel One, Just Dial, Hathway Cable & Datacom.
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The Markets are expected to open higher today as trend in SGX nifty - ARETE Securities
