Companies are in business for one purpose i.e. to make profits. If a company accumulates considerable losses year after year, it will not stay in business for long. Profits are the driving force of growth and also, the main source of repaying loans, making new investments along with providing an adequate return to owners so that they retain their interest and financial backing.

Snapping a two-day losing streak, the domestic benchmark indices ended Thursday’s trading session in the green, boosted by gains in heavyweights. Sensex rose by 1.69 per cent or 646.60 points to settle at 38,840.32 while Nifty gained by 171.25 points or 1.52 per cent to close at 11,449.25.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) is a measure of profitability (like net income and gross profit) designed to allow analysts to compare profitability between companies and industries.

ICICI Prudential Life Insurance informed today that it has entered into a corporate agency agreement with NSDL Payments Bank, a subsidiary of NSDL, the largest depository of India. Post this announcement, the stock of ICICI Prudential Life Insurance was seen trading at Rs 447.20, up by 2.95 per cent at 12.44 pm. 

The market opened in green on September 10, 2020, overall volumes in futures & options currently stand at 3,08,52,104 crore contracts with a turnover of Rs. 20,97,382.02 crore.

The market opened in green on September 10, 2020, overall volumes in futures & options currently stand at 3,08,52,104 crore contracts with a turnover of Rs. 20,97,382.02 crore.

The market opened in green on September 10, 2020.

Bharat Dynamics had declared about OFS on September 07, 2020, under which, the government had planned to sell 15 per cent stake in the company.

The company has acquired 16,00,000 equity shares, i.e., 100 per cent of the paid-up capital of MACPPL at Rs 79 per share. This makes the total deal price to be Rs 12,64,00,000. The entire consideration has been paid in cash.

In the coming trading session, it is important to see whether Nifty holds above the 50-DMA, which is placed at 11,154 or not. A failure to hold above this level would result in a correction towards the levels of 11,111 and 11,070. While on the upside, the zone of 11,350-11,380 is a crucial resistance.