News for Mangalam Cement Limited (MANGLMCEM.BO)

Sensex, Nifty updates on 28 March 2025: The benchmark BSE Sensex slipped 0.25% to close at 77,414, while the broader NSE Nifty 50 fell 0.41% to 23,494, weighed down by IT and auto stocks as investor sentiment turned cautious ahead of the U.S. reciprocal tariff announcement next week.

Indian benchmark equity indices closed higher on Friday, driven by a rebound in auto stocks, with valuations becoming more attractive after last week's sharp decline. The Nifty 50 rose by 0.27%, finishing at 23,813, while the BSE Sensex gained 0.29%, ending at 78,699. Commenting on the market action, Dhupesh Dhameja, Derivatives Analyst at SAMCO Securities, stated that the Nifty is showing a constrained sideways-to-bullish trend, with narrow price movements and repeated indecisive candlestick patterns indicating a lack of clear direction.

After Lok Sabha Elections and Assembly elections in some States, the centre and States are expected to retain their focus on development agenda, India Cements had said on sector outlook.

Q4 results today: Adani Power, Ambuja Cements, Adani Wilmar, Bondada Engineering, Netweb Technologies India, SIS, Orient Cement, Greenpanel Industries, Mangalam Cement, PNB Gilts, Dhampur Sugar Mills, among others will release their Q4 results today.

Most analysts and fund managers Moneycontrol spoke to advised caution on the segment, adding, however, that there were 'pockets of opportunity'.

The Nifty has closed below the lows of the previous three trading sessions on the daily charts, which indicates weakness. Experts believe the index is in the process of retracing the rise witnessed from 22,710–22,776, and has been consolidating thereafter.

The Indian rupee fell 14 paise to close at 83.42 on April 12 against its April 5 closing of 83.28.

BSE's Sesnex added 66.14 points, or 0.09 per cent, to settle at 73,872.29. NSE's Nifty50 index advanced 27.20 points, or 0.12 per cent, to end the session 22,405.60 for the day.

Mangalam Cement Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 4,394.31 million compared to...

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.

All the sectoral indices ended in the green with Nifty Information Technology added 7 percent, Nifty PSU Bank and Metal indices rose 5 percent each, and Nifty Realty index gained nearly 4 percent.

For the week, both the benchmarks gained 6.5 percent each.

The Nifty Bank index was trading 0.02 per cent up at 47739.85.

HDFC Life, Nestle India, SBI Life, Britannia and Axis Bank were among the top losers on NSE.

ONGC, NTPC, Titan Company, Adani Ent. and ITC were among the top losers on NSE.

The Nifty Realty index was trading 0.0 per cent at 706.95.

Crucial support for the Nifty50 is expected to remain at 18,800, the low of the last week, as beyond this point, it may slide down to 18,600-18,500. On the higher side, the immediate hurdle will be at 19,200-19,300, followed by 19,500

The promoters of Camlin Fine Sciences raised their stake in the company by 31.51 percentage points to 48.03 per cent in Q2