BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FII) bought shares worth Rs 1,833.13 crore, whereas domestic institutional investors (DII) sold shares worth Rs 789.67 crore on May 10, provisional data from the National Stock Exchange showed.
BUSINESS
Shemaroo Entertainment hits 10% upper circuit post robust Q4 results
Shemaroo Entertainment Ltd has significantly underperformed the benchmark Nifty 50 index over the last 5 years. Shemaroo stock has lost 71.82 percent of its value over the last 5 years. Whereas, the benchmark Nifty50 index has given a return of 68.77 percent over the same duration.
BUSINESS
IndusInd Bank rallies 2% on upgrade from UBS
The IndusInd Bank stock has significantly underperformed the Nifty Bank index over the last 5 years. Nifty bank index has given a return of 63.05 percent over the past 5 years. Whereas the IndusInd Bank stock has lost 39.01 percent of its value during the same period.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a positive start for the broader index with a gain of 33 points on Wednesday, though Wall Street ended down with inflation data, debt talks in focus, European markets closed lower, and Asian indices traded in the red
BUSINESS
Canara Bank shares decline 2% despite 90% surge in Q4 net profit
The lender's operating profit stood at Rs 7,252 crore during the March quarter, registering a growth of 17 percent YoY. Canara Bank improved its asset quality over a year ago period as gross non-performing assets (GNPA) ratio reduced to 5.35 percent in the March quarter, down from 5.89 percent at the end of March 2022.
BUSINESS
Carborundum Universal rallies 5% on the back of 24% surge in post-tax profit
For the quarter ended March 31, 2023, the company recorded a 140 per cent increase in consolidated profit after tax and non-controlling interest at Rs 137 crores against Rs 57 crores in the previous year. Consolidated revenue from operations for the March 2023 quarter grew to Rs 1,183 crore from Rs 859 crore in the same period of last year.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a negative start for the broader index with a loss of 50 points on Tuesday. The US markets remained cautious ahead of the retail inflation data and the European markets traded marginally higher, while the Asian indices threw up mixed trends
BUSINESS
Warren Buffett warns of US slowdown, China risks: Key takeaways from Berkshire Hathaway's annual meeting
Warren Buffett's Berkshire Hathaway experienced a significant increase in net earnings during the first quarter of 2023, surpassing five times its previous results.
BUSINESS
IndusInd Bank up 5%, recovers after brokerages reaffirm faith
Morgan Stanley is 'overweight' on the IndusInd Bank stock with a target price of Rs 1,525 a share. Jefferies has a 'buy' call on the stock
BUSINESS
Equitas Small Finance Bank jumps 7% after record net profit in Q4
The Equitas Small Finance Bank has given a return of 27.61 percent since the start of 2023. Thus, outperforming the benchmark Nifty Bank index by a considerable margin. The Nifty Bank index has remained flat for the same duration.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
The SGX Nifty indicates a positive start for the broader index with a gain of 54 points ono Monday after the Nifty closed 188 points lower at 18,069 on Friday. Asian indices trade in the green, while crude prices inch up
BUSINESS
5 things to watch out for during the Berkshire Hathaway AGM
Investors throughout the world want to know what the Oracle of Omaha has to say on a range of matters, from succession plans at the storied firm, to the war raging in Europe. Tune in.
BUSINESS
Sundram Fasteners stock hits record high with 5% gain on robust Q4 earnings
Sundram Fasteners has given a return of 84.33 percent over the last 5 years. Thus outperforming the benchmark Nifty50 index which has given a return of 67.70 percent during the same duration.
BUSINESS
Debt default, banking crisis key concerns for US economy, says economist David Rosenberg
Rosenberg is scathing in his criticism of the Fed’s rate hike cycle and has also slammed chair Jerome Powell for saying the banking crisis is over even as more regional banks come under pressure in the United States
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Friday after the Nifty closed 165 points higher at 18,255 in the last session. The US markets edged up at close while the European markets traded in the red after rate hike by ECB. Asian indices record losses in the early hours
BUSINESS
Aavas Financiers drops 3% post Q4 results
Aavas Financiers' stock has given a return of 78.64 percent over the past 5 years, beating the benchmark Nifty50 index, which has given a return of 70.67 percent during the same duration.
BUSINESS
Patel Engineering rallies 12% on bagging orders worth Rs 508 crore
The stock has given a return of 35.05 percent this year, so far, against the Nifty's 0.1 percent
BUSINESS
GR Infraprojects rallies 3 percent on the back of project bid worth Rs 737 crores
GR Infraprojects limited stock has lost 13.41 percent of its value since the start of 2023. Thus, underperforming the Nifty50 benchmark index which has given a 0.1 percent return during the same period.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a negative start for the broader index with a loss of 71 points after the Nifty closed 57 points lower at 18,089 on Wednesday. Wall Street ended in the red after the US Federal reserve raised rates by 75 bps, while European markets traded up. Asian indices throw up mixed trend
BUSINESS
HDFC bottomline may rise 4.4% on 5% surge in net interest income in Q4
On a five-year basis, the Nifty50 index has given a return of 70.37 percent, thus outperforming the HDFC stock by a considerable margin. The HDFC stock has only given a return of 46.15 percent during the same period.
BUSINESS
Top 5 voices on US Federal Reserve rate hikes and its impact
The focus of investors is now going to shift towards the federal reserve’s policy decision on the most recent rate hike and the commentary of the chairman Jerome Powell on the way forward for the US economy.
BUSINESS
Anupam Rasayan hits all time high on robust Q4 results
The operating revenues of the company stood at Rs 16,019 million in FY23 as compared to Rs 10,738 million in FY22 (growth of 49 percent Y-o-Y). Total Revenues stood at Rs 16,105 million in FY23 as compared to Rs 10,811 million in FY22 (growth of 49 percent Y-o-Y).
BUSINESS
Spandana Sphoorty rallies 4% on robust Q4 results
On a 3-year basis, i.e., ever since its listing on August 19, 2019 the Spandana Sphoorty stock has lost 19.73 percent of its value. Whereas the benchmark Nifty50 index has given a return of 83.45 percent.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Wednesday after the Nifty closed 82 points higher at 18,147 in the last session. Wall Street ended in the red amid rising worries of banking crisis, while plunge in oil prices drove European stocks down. Asian indices showed lukewarm trade this morning
