News for Bharat Wire Ropes Limited (BHARATWIRE.BO)

In the Nifty 50 index, 29 stocks were trading in the green, while 21 stocks were trading in the red.

The Nifty Pharma index was trading 1.31 per cent at 22088.10.

Jan 23, 2024 / 05:30AM GMTOperator Ladies and gentlemen, good day, and welcome to the Bharat Wire Ropes Limited Q3 and nine months FY24 earnings conference call

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Overall, promoters sold a substantial Rs 48,114 crore of shares through bulk and block deals for the quarter ended June 30, according to Primebbdatabase.com

Foreign institutional investors (FIIs) sold equities worth of Rs 3,901.27 crore, while Domestic institutional investors (DIIs) bought equities worth Rs 6,858.47 crore.

In this week, Indian rupee closed higher against the US dollar. The domestic currency gained 24 paise to end at 82.92 in the week ended January 12 against January 5 closing of 83.16.

Among sectors, healthcare, information technology and metal were up 0.4 percent each, while the oil & gas index was down 0.5 percent

The evolving US markets and the geopolitical crisis will continue to hold sway over the global markets in the coming days too. The domestic economy is afforded some protection by robust economic growth and the strong fundamentals

Indian rupee ended lower against the US dollar as it lost 12 paise in the week ended October 27 to close at 83.24 versus its October 20 closing of 83.12.

The real challenge for the Nifty50 is breaking above the 20-day moving average at 19,800, which is also an important level where many traders have placed their bets.

ICICI Direct is bullish on Bharat Wire Ropes recommended buy rating on the stock with a target price of Rs 300 in its research report dated August 31, 2023.

The Nifty Auto index was trading 0.43 per cent up at 13029.1.

The Nifty Pharma index was trading 0.55 per cent up at 12008.6.

In the Nifty pack, 36 stocks were trading in the green, while 14 stocks were trading in the red.

The Nifty Pharma index closed 1.08 per cent up at 11882.75.

In the Nifty pack, 28 stocks closed in the green, while 22 stocks ended in the red.

The Nifty Auto index was trading 0.47 per cent down at 12056.7.