In this episode of Market Minutes, Lovisha Darad discusses if moderating bond yields and cooling oil prices can support rally for domestic equities on November 8. Dalal Street will continue to react to a slew of July-September quarter results. Companies like Tata Power, Oil India, and Lupin are set to report Q2 scorecard on Wednesday. Also, catch Mukesh Kochar of AUM Capital on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.
Its net profit stood at Rs 318.62 crore in the year-ago period.
Bank of America reported a profit of $7.4 billion last quarter, up nearly 20% from the year before.
The company had posted a net profit of Rs 64 crore in the January-March quarter a year ago, Symphony said in a BSE filing.
Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added.
The company credited launch of Apple online store in India, which went live on September 23, for boosting sales in the country.
State-owned Oil India Ltd (OIL) today reported a 34.5 percent drop in its June quarter net profit after net realisation fell due to higher fuel subsidy outgo.
The bank, which on Friday posted first-quarter results hit by bad loans in its home market, said the cuts are part of a reorganisation of its commercial and merchant banking division and will mostly be through natural attrition and reallocation.
Rakesh Biyani, joint managing director, Pantaloon Retail in an interview to CNBC-TV 18 speaks about consolidating their various lifestyle brand business together under the umbrella, Future Lifestyle Fashion. He says Future Fashion is expected to have significant synergies that will allow the company to grow business even faster.
Staff cuts coupled with growth in Hong Kong and other key Asian markets have put Standard Chartered Plc on track for record profits in the first half of this year, up over 10% on a year earlier.
Ashwini Kumar, COO of Nitesh Estates tells CNBC-TV that though the quarter results are dismal, on a yearly basis, the company has made tremendous progress. “We now have 10 projects underway and have actually grown 58% in revenue terms to Rs 144 crore over the past year,” he says.