Hindalco’s aluminium upstream and downstream businesses experienced 7% and 11% declines in revenue, respectively, while its copper segment reported a 9% growth.
Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Tuesday as they bought equities worth Rs 61.51 crore, according to exchange data.
Reliance Industries Ltd said it has signed a pact with Brookfield Asset Management to explore opportunities for setting up factories to manufacture renewable energy and decarbonisation equipment in Australia.
This comes amid internal consultations between the finance ministry and the commerce ministry to assess the impact of the major duty reductions that could be announced as part of the FTAs.
Bank deposits grew by Rs 11.16 lakh crore to Rs 191.6 lakh crore during the quarter ended June 2023. Of this, time deposits (fixed deposits) showed a growth of just 5.3 per cent to Rs 167.11 lakh crore despite the withdrawal of Rs 2,000 notes and the tax liability on debt funds.
Sebi will be finalising a draft discussion paper in a month or two to formulate rules and guidelines to regulate the mushrooming number of unregistered financial influencers or finfluencers who offer investment advisors to the public.
Broader markets also extended the fall as Nifty Midcap Select plunged 1.14 per cent, Nifty Midcap 150 slipped 1.11 per cent, Nifty Next 50 fell 1.05 per cent, and Nifty Midcap 50 tanked 0.93 per cent.
TotalEnergies could invest about $700 million in Adani Green Energy’s projects in a drive to expand its clean energy portfolio, a report said on Friday, citing one source.
FPIs have been steadily buying in financial services, automobiles, capital goods and construction.
Analysts said the market also witnessed a correction after a significant rally seen in the past few days. On January 15, the Sensex had rallied to a fresh record of 73,327.94 and the Nifty 50 closed at 22,097.45 for the first time.