Bombay Stock Exchange Mumbai stock markets traded on a bullish note today as the first quarter results were released.
Mumbai Stock Exchange (BSE) posted a 23 per cent decline in net profit in the first quarter despite a 6 per cent rise in tax revenue.
The leading stock exchange, Mumbai Stock Exchange (BSE), reported a 23 per cent drop in net profit to Rs 40 crore for the three months ended June 2022. This compares to the previous year’s net profit of Rs 51.9 crore.
Total revenue rose 6.4 per cent to Rs 197.7 crore from Rs 185.7 crore in the same quarter last year. Compared to last year, the average daily turnover in the equity segment of BSE in the June quarter this year fell by 28 percent to Rs. 4,057 crores.
On the other hand, the daily average revenue in the currency segment increased by 4 percent to Rs 24,567 crore. Through equity securities, commercial paper, municipal bonds, infrastructure investment trusts (INVs) etc. Rs. 3.1 lakh crore has been provided.
The total number of investor accounts registered with BSE is currently over 11 crore. And continues to progress. This number has doubled in the last two years.
The exchange’s mutual fund distribution recorded its highest ever quarterly transactions of 5.9 crore in the first quarter. This is a 68 percent growth from the 3.5 crore transactions recorded during the same period last year.
Stock market today
Bombay Stock Exchange Mumbai stock markets traded on a bullish note today as the first quarter results were announced.
The BSE index ended the trade up 52.87 (0.29 per cent) points at 58,350.53. The National Stock Exchange (NSE) Nifty ended the trade up 42.70 points at 17,388.15.
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