Shares of India’s largest NBFC Bajaj Finance on Thursday dropped up to 4% in the morning session but recovered all losses to trade in the positive zone after brokerages said they don’t see much impact of RBI direction to stop sanctioning and disbursing loans under its two lending products – eCOM and Insta EMI Card. … Read more
MUMBAI: Benchmark indices snapped two-week winning streak and net lost over 1% in the week-ended October 20. The rising US bond yields, firm crude oil prices, and weak earnings from IT majors were some of the factors that weighed on the market sentiment. The coming truncated week is likely to bring in volatility as a … Read more
Earnings next week Widely tracked companies such as Axis Bank, Tech Mahindra, Asian Paints, Maruti Suzuki, Bajaj Finserv and NTPC would be releasing their September quarter earnings next week. Apart from these companies, here are some of the key companies that will report their financial results: Source link
Equity benchmark indices tumbled on Monday as investors offloaded finance, banking and energy stocks amid escalating tensions in the Middle East and surging crude oil prices overseas and higher US interest rate concerns. Investors stayed on the sidelines and refrained from taking risks amid uncertainty due to the Israel-Hamas conflict, analysts said The NSE Nifty … Read more
Back in 2010-11, India’s corporate tax mop-up was twice its personal income tax (PIT) collection. Now both are almost equal. In the past decade, the nation’s direct tax story has shown a trend: while the growth of companies’ tax payouts has been modest, citizens are contributing much more to the exchequer than what they used … Read more
Mumbai: Almost a generation of market participants have been trained to abide by the golden rule: don’t fight the Fed. But, an army of investors and traders these days is defying this tenet, even as the American central bank retains its hawkish policy tone. The Sensex and Nifty on Friday closed at record levels just … Read more
Infosys, NTPC and Hindustan Unilever were among the top large-cap stocks fancied by mutual funds in April, while reducing positions in SBI, Axis Bank and ICICI Bank. Overall, in the reporting month, mutual funds sold stocks worth Rs 5,100 crore while FIIs bought Rs 12,400 worth stocks in the secondary market, according to a report … Read more
S&P BSE Sensex breached the psychological 62,000 mark on Tuesday after a gap of 145 days and is trading just 2.5% (1,500 points) shy of the all time high of 63,583.07, which the 30-stock index hit on December 1, 2022. Sensex was last seen trading in the 62,000 territory on December 14, 2022. At 12:15 … Read more
Billionaire Nithin Kamath-led India’s largest stock broking firm Zerodha today announced that it would form a joint venture with fintech platform smallcase to start a new asset management business (AMC). “While awaiting the final approval of our AMC (mutual fund), we asked if we should build it ourselves or collaborate. Given the 6+ years of … Read more
Domestic investors were left a worried lot over reports of a likely faster and longer period of interest rate hikes from the US Federal Reserve. Indian equity markets posted their biggest one-day drop in over two weeks on Thursday, snapping a three-session winning streak, dragged by index heavyweight Reliance, ICICI Bank and IT stocks. The … Read more