News for Arman Financial Services Limited (ARMANFIN.NS)

Manba Finance is a non-banking finance company offering financial solutions for new two-wheelers, three-wheelers, used cars, small business loans and personal loans.

Arman Financial Services Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was INR 1,687.63 million...

Arman Financial Services Limited announced that Mr. Mridul Arora, Nominee Director of the company has tendered his resignation from the position of the Nominee Director of the company with effect from...

Arman Financial Servies Ltd. raised Rs 230 crore via qualified institutional placements at an issue price of Rs 2,195 per share.

In the broader market, the Nifty Midcap 100 index, which saw its biggest one-day fall in over a year on Wednesday, rebounded and rose 0.6%, while the BSE Smallcap index gained close to 1%. Mazagon Dock Shipbuilders, JSW Energy, NHPC, Coromandel International, and Oil India were the major gainers in the midcap space, rising 3-6%.

On July 11, Nifty 50 opened at 16,136.15 points and Sensex opened at 54,235.02 points. Till 10.21 am today, Nifty fell by 0.35%, and Sensex gained by 0.45%. Nifty FMCG surged by 0.54%, Nifty Metal fell by 0.39%, Nifty Pharma surged by 0.58%, and Nifty IT fell by 0.40% today. Additionally, Nifty PSU Bank surged by 0.66% gain, Nifty Private Bank gained by 0.66%, and Nifty energy gained by 1.23%.

Indian equity markets have been consistently bullish this trading week. Yesterday, Nifty closed at 16,220.60 points gaining by 0.54% and Sensex closed at 54,481.84 points gaining by 0.56% intra-day. In the past 5 days, the Nifty surged by 3.04%. These below-mentioned small-cap stocks have surged sharply in the last trading day and reached 52-week high levels.

BSE Sensex and NSE Nifty 50 were trading nearly half a per cent up on Friday, on the back of gains in index heavyweights such as L&T, ICICI Bank, HDFC Bank, Axis Bank.

Gaurav Ratnaparkhi of Sharekhan said a brief pause in market rally is a good sign as it would allow the overbought hourly momentum indicators to cool off and prepare for the next cycle on the upside.

Asian Markets gave up early gains on Thursday in cautious trade after a mixed close on Wall Street, as investors digested the latest economic data and news on coronavirus vaccines. MSCI's broadest index of Asia-Pacific shares outside Japan was up by 0.08 per cent.