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Stock Market Updates: Sensex Opens Flat, Nifty50 Above 18,050; Key Points

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[ad_1] Last Updated: January 18, 2023, 09:29 IST FILE PHOTO: A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai, India, June 29, 2015. REUTERS/Danish Siddiqui Sensex Today: Key benchmarks opened on a positive note today. Sensex Today: Key benchmarks opened on a positive note today. Quarterly results, coupled with global trends, oil prices, and foreign fund flow, are expected to guide investors in Wednesday’s trade. The S&P BSE Sensex was quoting at 60,708 levels in early deals, up 2 points or 0.09 per cent. The Nifty50, meanwhile, was at 18,076 levels. In the broader markets, the BSE MidCap and SmallCap indices outrun frontline indices by gaining up to 0.2 per cent. Among sectors, the Nifty Metal index led from the front, advancing 0.8 per cent on the National Stock Exchange (NSE). On the flipside, the Nifty Realty index fell 0.5 per cent to trade as the top dragging index on the exchange. Global Cu...

Nestle India Q1 Results: Profit Jumps 25% to Rs 737 cr; Highest Growth in Decade, Says FMCG Major

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[ad_1] Last Updated: April 25, 2023, 12:09 IST FMCG major Nestle India Ltd on Tuesday reported an increase of 24.69 per cent in its net profit at Rs 736.64 crore for the first quarter ending March 31, 2023. The company, which follows the January-December financial year, had posted a net profit of Rs 590.77 crore in the same period a year ago, Nestle India said in a regulatory filing. Nestle India’s net sales rose 20.43 per cent to Rs 4,808.40 crore during the period under review, as against Rs 3,962.84 crore in the corresponding period last fiscal, the company said. Its total expenses in the January-March quarter were at Rs 3,873.76 crore, up 20.61 per cent, as against Rs 3,211.78 crore in the corresponding period a year ago. Nestle India’s domestic sales were up 21.18 per cent to Rs 4,612.73 crore, as against Rs 3,806.20 crore in the January-March period of 2022. Its exports were up 24.91 per cent to Rs 195.67 crore, as against Rs 156.64 crore in the corresponding quarter a year ...