Market Bizzz

For more such web stories click on the ET

Trading is expected to be thin during Asian trading hours due to holidays in China, Hong Kong, Japan, South Korea, Singapore, Taiwan, Vietnam and Malaysia.

Stocks that were in focus included names like RVNL, which fell 8.06%, BEML, which dropped 7.69%, and Swan Energy, whose shares jumped 6.95% on Friday.

​The quarterly net profit margins stood at 51%, NSE said. Apart from trading revenue, the revenue from operations was also supported by other revenue lines, which mainly include data centre & connectivity charges, clearing services, listing services, index services and data services.

​​For the nine-month period ending December 31, 2023, the consolidated profit grew to Rs 37.80 crore, as against Rs 35.26 crore registered year ago.

“Our business model is very simple. We are one of the largest distributors of healthcare products in this country. Basically, we buy from 1900 different companies today and supply to around eighty-one-and-a-half thousand retail pharmacies and three-and-a-half thousand hospitals.”

This was after the Wall Street Journal reported Thursday that OpenAI Chief Executive Sam Altman was in talks with investors to raise funds for a tech initiative intended to boost chip-building capacity for power AI, among other things.