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Business Executive

MARKET LIVE: Sensex off highs, Nifty below 12,200; Page Industries slips 8%

Indian indices gave up the opening gains to trade flat with a good bias on Friday.

The S&P BSE Sensex was up 61 details at forty one,520 degrees. Asian Paints and HDFC (both equally up one%) and HCL Tech and UltraTech Cement (both equally up .eight%) had been the top rated gainers in the Sensex pack.

The broader Nifty50 index gave up the psychological mark of 12,two hundred, up 21 details, or .seventeen per cent.

All the Nifty sectoral indices had been in the environmentally friendly. Nifty IT index, up .6 per cent, acquired the most. Nifty Vehicle and Nity

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Business Management

Page Industries slips 8% on disappointing December quarter results

Shares of internal wear maker Web site Industries slipped 8 for every cent to Rs 21,650 on the BSE on Friday following the enterprise reported a sharp five hundred foundation points decrease in operating revenue margins in December quarter (Q3FY20), because of to better expenses.

Web site Industries is engaged in the manufacturing, distribution, and internet marketing of innerwear athleisure sleepwear and swimwear for adult males, women, and young children. It is the distinctive licensee of Jockey International for manufacture, distribution, and internet marketing of the JOCKEY model in India.

In Q3FY20, the earnings right before curiosity, tax, depreciation, and

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