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On Monday, 1762 stocks advanced, 1937 declined and 156 remained unchanged, with an advance decline ratio of 0.90 on the Bombay Stock Exchange (BSE), indicating a negative closing of stocks in broader markets. Profit taking in the banking, FMCG, metals, and oil & gas equities caused markets to struggle for the second consecutive session. ....
International Business News: Can Fin Homes stock fell over 9% on Wednesday after the company reported an over Rs 38-crore internal fraud to stock exchanges. ....
Share Market Highlights 27 July 2023: Sensex falls 440 points, Nifty tests 19,650 on July contracts expiry; Cipla spurts nearly 10% thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The nature of fraud has been defined as misappropriation of funds. The estimated impact is a one-time impact on the profitability to the extent of the amount misappropriated but no impact on assets/asset quality. The fraud was committed over a period of time and was detected on July 24, 2023. ....
Indian shares opened on a positive note Wednesday, with firm global cues and encouraging earnings updates from the likes of Tata Motors and Larsen & Toubro helping underpin investor sentiment. ....