ReutersKEC International(up 12.37%), Adani Power(up 4.91%), Adani Transmissions(up 4.76%), ADANIGREEN(up 4.23%), Inox Wind Energy(up 2.67%), Jyoti Structures(up 2.42%), Gujarat Industries Power(up 2.22%), Orient Green Power Company(up 1.74%), Hitachi Energy India(up 1.47%) and KPI Green Energy(up 1.28%) stood among the top gainers.
Power & Instrumentation(Gujarat)(down 5.00%), Inox wind(down 2.40%), GE Power India Limited(down 2.14%), SJVN(down 1.93%), Alstom T&D India(down 1.79%), Indo Tech Transformers(down 1.78%), RTNPOWER(down 1.59%), Torrent Power(down 1.49%), Indowind Energy(down 1.36%) and JSW Energy(down 1.20%) were among the top losers of the day.
The NSE Nifty50 index ended 73.45 points up at 18203.4, while the 30-share BSE Sensex closed up 297.94 points at 61729.68.
Adani Enterprises(up 3.49%), Adani Ports & Special Economic Zone(up 3.48%), Tata Motors(up 3.25%), Tech Mahindra(up 2.24%), Infosys(up 1.84%), HCL Technologies(up 1.43%), Mahindra & Mahindra(up 1.2%), Axis Bank(up 1.02%), UltraTech Cement(up 1.01%) and Wipro(up 0.94%) stood among the top gainers in the Nifty pack.
On the other hand, Divis Laboratories(down 1.75%), Britannia Industries(down 1.41%), TATA CONSUMER PRODUCTS(down 1.4%), NTPC(down 1.03%), Oil & Natural Gas Corporation(down 0.87%), Power Grid Corporation of India(down 0.83%), Hero MotoCorp(down 0.81%), Asian Paints(down 0.79%), UPL Ltd(down 0.79%) and Bajaj Auto(down 0.78%) closed in the red.
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QSR, Lifestyle Cos See Slower Sales in March Qtr, AprSales of large quick-service restaurants, lifestyle, apparel and discretionary products have slowed in the March quarter as well as in April, with companies reporting either flat, low single-digit or declining growth, as consumers downtraded to lower priced products amid higher inflation, moderation in pent-up demand and tighter financial conditions.
Credit Card Spends in Foreign Currency to Attract 20% TCSForeign currency payments such as digital subscriptions to publications or goods bought on foreign ecommerce sites through international credit cards will count toward an individual’s Liberalised Remittance Scheme (LRS) account and attract 20% tax collected at source (TCS), officials said.
Travellers Forced to Redraw Foreign Holiday BudgetsTravel industry professional Neha Sharma (name changed on request) is in a fix. She has planned a family holiday for Paris, Rome and the Amalfi Coast for July 2-14 this year and has made all her reservations through her credit card.
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