Benchmark indices ended higher for the third consecutive session on November 6 with Nifty above 19,400. Biggest gainers on the Nifty included, Divis Laboratories, Hero MotoCorp, Eicher Motors, Larsen & Toubro and Axis Bank, while losers were SBI, HUL, Tata Motors, Cipla and Titan Company. Catch Yatin Mota on Bajar Gupshup
Bajaj Finance reports a decent show for the March quarter. City Union Bank to be in focus on the appointment of MD. It's an earnings-heavy day with Q4 results from Bajaj Finserv, Axis Bank, Wipro, Tech Mahindra and HUL. Catch Nickey Mirchandani in discussion with Chandan Taparia · Head - Technical & Derivatives Research at Motilal Oswal and Deven Choksey, promoter of KRChoksey Group & Managing Director of KRChoksey Shares and Securities on Opening Bell
Axis Bank stock has underperformed in recent times. However, strong growth continues for Axis Bank, margin touches lifetime highs. Deposits continue to languish and warrant focus. We see headroom for RoA expansion that has touched 1.92 per cent. A steady execution could result in closing the valuation gap with peers
Bulls clearly showing signs of fatigue as the Nifty fails to hold on to the 18,200-mark. Strong earnings from banks fails to attract fresh buyers. Infact, Axis Bank is the top loser on the index today. But the auto pack is charged up as Maruti's Q3 profit doubles on a YoY basis. Watch Santo and Yatin discuss the market setup and also discuss stocks like SBI Card and Sun TV. Also find out what the defence sector is expecting from the Budget.
Equity benchmarks reversed some of previous day's gains amid volatility on Wednesday as investors maintained caution ahead of the outcome of Federal Reserve policy meeting.
Equity benchmarks came off day's high in afternoon trade due to selling pressure in ITC, HDFC Bank and Infosys. Auto & telecom and index heavyweights HDFC & Reliance continued to support the market.
Equity benchmarks remained lacklustre due to lack of domestic as well as global cues. Current consolidation suggested that so far, the market seems to have priced in the effect of demonetisation on equities. Now the street will closely watch its effect on Q3 earnings that will be announced in January.
ONGC, Tata Motors, BHEL, SBI and Cipla were losers while HUL, M&M, NTPC and Bajaj Auto were losers.
Equity benchmarks fell further with the Sensex shedding more than 200 points on global weakness. Banking & financials drove the market lower whereas telecom and select auto stocks gained.
Private sector lender Axis Bank has reported a whopping 83.1 percent degrowth in profit at Rs 319 crore for July-September quarter, dented by big clean-up of bad loans that lifted provisions 5-fold.
Country's third largest private sector lender Axis Bank is expected to report a 14.6 percent degrowth in second quarter profit at Rs 1,636.7 crore compared with year-ago period, according to analysts polled by CNBC-TV18. Provisions will be closely watched for profit growth.
Angel Broking has come out with its rollover report of November-December 2012. According to the research firm, PSU banking majors SBIN (80.55%) and PNB (82.47%) have witnessed meaningful formation of short positions in last series and have now seen good rollover of it.