BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly positive start for the broader index with a gain of 2o points on Monday after the Nifty was 0.40 points down at 17,624 at the close last week. US and European markets showed lukewarm trading last week, while Asian markets are off to a slow start today
BUSINESS
IndusInd Bank may post 43.3% rise in Q4 net profit today on higher interest income
Of the four brokerages polled by Moneycontrol, Motilal Oswal expects the highest rise in net profit at Rs 2,110.8 crore, up 50.7 percent from the year-ago period. The private lender will share its March quarter numbers on April 24
BUSINESS
ICICI Bank shares in focus ahead of earnings; check what the brokerages say
The ICICI Bank stock has given a return of 17.62 percent over the last one year. Thus outperforming the benchmark Nifty Bank index which has given a return of 14.70 percent during the same duration.
BUSINESS
PNB Housing Finance rallies 3% on the back of Goldman Sachs bulk deal
The stock of PNB housing finance was trading 1.23 percent higher at Rs 431.80 on NSE at 10:26 AM. According to the bulk deals data available with the exchanges, Goldman Sachs Mauritius Fund has offloaded a 0.29 percent stake, and Nippon India MF has picked up the same. The transaction was executed at a weighted average price of Rs 133. The deal was valued at ₹56.65 crore.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly positive start for the broader index with a gain of 29 points on Friday after the Nifty closed 5 points higher at 17,624 on Thursday. Wall Street ends down, European markets trade in the red, while Asian peers throw up mixed show
BUSINESS
ICICI Bank net profit likely to rise 30% on higher interest income in Q4
Brokerage firm Prabhudas Lilladher expects ICICI Bank to report net profit of Rs 9,240.9 crore, up 31.7 percent year-on-year (up 11.2 percent quarter-on-quarter).
BUSINESS
Emkay Global rallies 20% after Sebi's in-principle approval for mutual fund business
The company plans to launch a range of mutual fund products, including equity funds, debt funds, and hybrid funds, to cater to the diverse investment needs of its clients as per the filing.
BUSINESS
Shakti Pumps rises 4.5% on getting $1 million due from Uganda project
The stock of Shakti Pumps Ltd was trading 4.88 percent higher at Rs 457.85, on BSE at 9:40 AM. The stock has given a return of 13.34 percent since the start of this year outperforming the Nifty50 benchmark index which has lost nearly 3 percent of its value since the start of this year. Whereas the stock has underperformed the benchmark index Nifty50 over the last five years by giving a return of negative 38.26 percent.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly positive start for the broader index with a gain of 23 points after the Nifty closed the last session 41 points lower at 17,618 and amid most global markets trading in the red
BUSINESS
China, India to lead global growth over the next five years: IMF report
Global headline inflation is set to fall from 8.7 percent in 2022 to 7.0 percent in 2023 on the back of lower commodity prices, but underlying (core) inflation is likely to decline more slowly. Inflation’s return to target is unlikely before 2025 in most cases.
BUSINESS
Som Distilleries on a high as subsidiary begins production in Karnataka
The stock has given a return of 40.25 percent since the start of 2023, outperforming the Sensex, which has lost 3.10 percent during the period
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly negative start for the broader index with a loss of 32 points after the Nifty closed 46 points lower at 17,660 on Tuesday amid marginal skid in the US Markets and lukewarm trading in European and Asian indices
BUSINESS
US in throes of credit crunch as bank deposits shrink $1 tn: Morgan Stanley's Mike Wilson
Wilson's concerns are supported by recent data showing that credit availability for small businesses has seen its largest drop in 20 years as per a recent survey from the National Federation of Independent Business, alongside the highest interest rates seen in 15 years.
BUSINESS
Hathway Cable declines on poor Q4 show
The stock has given a negative 34.36 percent return over the last year, underperforming the Nifty that gained 2.96 percent during the period
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicate a mildly negative start for the broader index with a loss of 14 points after the Nifty closed 121 points lower at 17,706 on Monday as markets world over trade in a flat-to-negative territory
BUSINESS
TV-18 spurts 3% on the back of a strategic deal for subsidiary Viacom 18
Viacom 18’s digital-focused strategy is already paying rich dividends with IPL’s first weekend viewership on JioCinema crossing the digital viewership recorded in the entire season last year. The platform set several new records with 2.5 crore+ app downloads in a single day, 147 crore video views on the opening weekend and a peak concurrency of 1.6 crore for the first match.
BUSINESS
US banking crisis far from over, stocks can sink another 27%: Jeremy Grantham
Grantham’s warning of a deep recession is similar to the views of economist Nouriel Roubini, who recently cautioned investors of a painful stagflation-driven recession for the global economy due to the cold war between the US and China
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
SGX Nifty indicates a mildly negative start for the broader index with a loss of 83 points after Nifty closed 15 points higher at 17,828 on Thursday. Markets in the US, Europe ended flat to negative on Friday, while Asian peers trading marginally up this morning
BUSINESS
A change in India Inc corner office occupants doesn't really matter much for stock prices
What will be the impact of new CEOs for the likes of TCS, Kotak & SBI? Jefferies decodes the impact on stock performance through a sample of 72 CEO transitions
BUSINESS
Q4 Preview | HDFC Bank likely to record 22% rise in profit on higher net interest income
As per brokerage firm Prabhudas Lilladher, HDFC Bank Q4 Net Profit is seen up 21.8% YoY to Rs. 12,245.4 cr. Net Interest Income (NII) is expected to increase by 32.5 percent Y-o-Y (up 8.8 percent Q-o-Q) to Rs. 24,999.9 crore.
BUSINESS
AU Small Finance Bank rallies 10% as RBI clears extension to Sanjay Agarwal
Sanjay Agarwal looks set to continue serving the bank as its MD & CEO as RBI has further extended his tenure by three years by reappointing him. This extension is bound to provide stability to the bank and with the interest rate cycle peaking Morgan Stanley anticipates the stock to stop de-rating.
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Trends on the SGX Nifty indicate a mildly negative start for the broader index in India, as the index lost 35 points to trade at 17,844 level on the Singaporean Exchange from its April 12 closing of 17,812, Wall Street ends down and European and Asian markets reporting tepid trading
BUSINESS
Unidirectional lowering of growth forecasts by IMF is worrisome: Sachchidanand Shukla
The Mahindra Group chief economist was reacting to IMF managing director Kristalina Georgiva’s lowering of world GDP growth projections. He, however, said in such a scenario, a faster-growing large economy like India will gain greater importance
BUSINESS
Stock Market Today: Top 10 things to know before the market opens
Foreign institutional investors (FII) bought shares worth Rs 342.84 crore, whereas domestic institutional investors (DII) sold shares worth Rs 264.02 crore on April 11, National Stock Exchange's provisional data showed.
