ReutersJyoti Structures(up 4.80%), NLC India(up 3.58%), Orient Green Power Company(up 3.13%), RTNPOWER(up 2.63%), Suzlon Energy(up 2.41%), NHPC(up 2.29%), Karma Energy(up 1.83%), Inox wind(up 1.52%), Hitachi Energy India(up 1.45%) and Gujarat Industries Power(up 1.34%) were among the top gainers.
Jaiprakash Power Ventures(down 2.82%), KEC International(down 1.25%), GE Power India Limited(down 1.07%), Alstom T&D India(down 0.86%), Reliance Power(down 0.72%), Energy Development Company(down 0.53%), NTPC(down 0.52%) and Adani Energy Solutions(down 0.45%) were among the top losers.
The NSE Nifty50 index was trading 30.7 points up at 19437.4, while the 30-share BSE Sensex was up 45.48 points at 64987.88 at around 10:09AM.
Bharat Petroleum Corporation Ltd.(up 3.0%), Dr. Reddy's Laboratories Ltd.(up 1.64%), Cipla Ltd.(up 1.47%), Adani Ports & Special Economic Zone Ltd.(up 1.09%), Asian Paints Ltd.(up 1.01%), Adani Enterprises Ltd.(up 0.88%), Tata Consultancy Services Ltd.(up 0.84%), Sun Pharmaceutical Industries Ltd.(up 0.81%), Grasim Industries Ltd.(up 0.81%) and Oil And Natural Gas Corporation Ltd.(up 0.75%) were among the top gainers in the Nifty pack.
Wednesday, 08 Nov, 2023
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FMCG Sales Climb as Rural Demand Sees Green ShootsIndia’s packaged consumer goods grew 9% by value and 8.6% by volume in the September quarter from the year earlier, aided by higher spending in rural India for both essentials and discretionary products, researcher NielsenIQ said.
In India, 200 M Users is a Relatively Small Number; We’ve Room to GrowSnap Inc, parent company of messaging app Snapchat, made news for doubling its user base in India to 200 million within the space of a year, buoyed by greater adoption of new products such as short video offering Spotlight that is taking on the likes of Instagram Reels and YouTube Shorts.
Capex Hikes may Go in Slow Lane to Trim Fiscal DeficitThe finance ministry has started discussions on reducing the pace of increase in capital spending in the interim budget for FY25 to align expenditure with the proposed fiscal consolidation glide path, said an official aware of the talks.
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