Continuing its stellar performance, BSE StAR MF, India's largest regulated Exchange-based, online Mutual Funds Distribution platform is moving consistently towards transforming itself into a unique end-to-end-value based platform.

Nava Bharat Ventures Ltd, Texmaco Rail & Engineering Ltd, and KRBL Ltd are today’s mid-day movers.  

On Thursday, Sensex and Nifty traded down, reflecting sluggish global markets. At the time of the opening bell, the banking, financial, utilities, power, and metal companies weighed the most. Inflation risk has moved investors' concerns, and it continues to be a big barrier for the Indian as well as the global markets. Meanwhile, Consumer Price India (CPI) inflation data will be released later today by the government. The market's overall health was poor. Around 439 equities increased on BSE while 1,965 declined. CPI inflation figures for April 2022 will be released by the government later today. In addition, Morgan Stanley lowered India's GDP growth predictions for FY23 & FY24 to 7.6 per cent, citing increased crude oil costs and the global slowdown.

BSE’s average daily turnover in the equity segment increased by 2 per cent to Rs 5,396 crores as compared to the last year.

No relief seems to be in sight for the markets, which are undergoing a phase of volatility.

EBITDA surged 44.1 per cent on a YoY basis to Rs 61.67 crore in Q4FY22. Profit after tax jumped a whopping 177 per cent YoY to Rs 25.12 crore in Q4FY22.   

The demand for bead wire is expected to rise even further, driven by the replacement market, exports, and timely capacity expansion; asserts Yashovardhan Chordia, Director, Rajratan Thai Wire Co Ltd. Rajratan Global Wire is based in India as well as Thailand. In Thailand, the company is operating as Rajratan Thai Wire Co Ltd. 

We believe that the MF industry would benefit from increased penetration and continue to see similar growth going forward, expresses Rakesh Rawal, CEO - Anand Rathi Wealth Limited.

BSE Smallcap index was attacked by bears and plunged 2.23 per cent to close at 25,495.92.

This fall has come after a rise of 243 per cent  in the index since the start of 2020 till the end of 2021.