Indices extend decline; IT, realty top losers, auto index gains
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Indian indices witnessed a negative start on Thursday. The previous three sessions saw the key indices extend gains. Strong earnings from US tech firms on Wednesday helped global stocks close higher. The OPEC+ plans for moderate oil output helped to counter jitters over weak economic reports. On Wall Street, the Dow Jones Industrial Average rose 0.63% and the S&P 500 gained 0.94%. The Nasdaq Composite added 0.5%. Crude oil eyed seven-year highs and the dollar eased. In Asia, among the few markets that are open, shares in South Korea advanced over 2%, while Japan and Australia witnessed decline.
Cadila Healthcare’s December-quarter consolidated net profit sinks
Godrej Properties logs nearly three-fold jump in Q3 profit
Godrej Properties on Thursday said its consolidated net profit in December quarter nearly tripled to ₹38.95 crore.
Its net profit stood at ₹14.35 crore in the same period of 2020-21.
Titan gains after Q3 show
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GAIL gains 2% after Q3 numbers
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Triveni Engineering Q3 profit rises
Triveni Engineering and Industries Ltd (TEIL) has reported a 37% rise in its consolidated net profit to ₹130.12 crore for the December 2021 quarter on higher revenue.
The net profit of the company, which is into sugar and engineering businesses, stood at ₹94.66 crore in the year-ago period.
Tata Power to set up EV charging stations at commercial & passenger vehicle zones of Apollo Tyres
Tata Power has partnered with Apollo Tyres to deploy electric vehicle charging stations at the latter’s commercial and passenger vehicle zones across India.
Tata Power and Apollo Tyres have announced a strategic partnership in this regard, a statement said.
Shree Ganesh Biotech India to consider bonus shares issue, stock surges
Shree Ganesh BioTech India on Thursday announced that its board will meet on March 7, 2022 to consider the issue of bonus shares to the company’s shareholders.
Sensex at 58,954, down 603 points; Nifty at 17,600, 179 points lower
Sensex continues to sink
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