Thu, Feb 1, 2024 4:24 PM
Key schemes mentioned by Sitharaman in her 58-minute Budget speech
A Flip by Avya Verma
Bank shares jumped on Tuesday, emerging as the top gainers in the day's trading, as investors lapped up shares of some larger lenders amid uncertainty over near-term market prospects. The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday.
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This Dhanteras, jewellery and gold demand dropped 10-15% by volume, but value sales rose 25% due to high prices, with consumers opting for lightweight and diamond-studded jewellery, and silver demand increasing 30-35%. Total gold sales are estimated at 22 tonnes, down 12% from last year, with gold prices up 30% year-on-year.
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Deepak Fertilisers and Petrochemicals on Tuesday reported a more than three-fold surge in second-quarter net profit at ₹210 crore on Tuesday, benefitting from strong sales growth across its business segments. In the last year, the fertiliser maker’s consolidated net profit came in at ₹60 crore. The company's revenue from the three months ending September 30 was up 13.3% on an year-on-year.
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