Stocks across sectors fell, with banks, PSU banks, metal, realty, pharma stocks among the worst hit.
Gold rose on Thursday, hovering above the $1,800 mark as softer U.S.
Operating performance of its core business aided by operating leverage, leading to a sequential Ebitda margin growth of 30 basis points to 9.2%.
With weak demand for two-wheelers in domestic market, sales in the segment in India were down 11% year-on-year.
Pharma company Lupin on Thursday reported a consolidated net loss of ₹2,098 crore for the second quarter ended September compared to a net profit of ₹211 crore in the year-ago period.
Inflation in these two nations — one a tech exporter and the other a services and agriculture-driven economy — is heavily influenced by rising energy prices given how much they import.
Rising price pressures have led to a rout in the debt markets of Australia and New Zealand this month, and traders are increasingly betting that entrenched inflation will spur central banks globally to turn more hawkish.
Risks to the bonds are coming from two fronts, “namely the actual domestic inflation risk that seeps through via import channels, and how emerging-Asia bond markets navigate rising Treasury yields,” according to Vishnu Varathan, head of economics and strategy at Mizuho Bank Ltd.
According to a Bloomberg analysis, yields on India’s 10-year bonds gained by 0.78 basis points for every one basis-point rise in the similar-tenor U.S.
The construction arm of Larsen and Toubro has secured a “large” order for its Buildings and Factories business from Central Public Works Department to construct Common Central Secretariat Integrated Buildings 1, 2 and 3 in Plot 137, New Delhi with a built-up area of approx.
While Banknifty was showing strength on the back of better than expected results from several stocks but now Banknifty is also losing the momentum and is down 1.45% today.
As of now, we do not see any indication of breaching this important support zone on the expiry day itself; but sooner or later, it is likely to happen.
On Wednesday, throughout the session, the recent outperformer banking space kept sulking and in fact, the tail end correction was mainly led by the financial space itself.
Let’s see how things pan out because the volatility is expected to remain on the higher side.
We maintain our estimates with swift recovery in cigarettes, paperboard & hotels business.
Domestic oil marketing companies raised prices of petrol and diesel for the second consecutive day on Thursday.
“The index has a stiff resistance at 18350 and that has been proved a couple of times over the last few sessions.
Equity benchmarks snapped past two session’s winning spree and settled Wednesday’s session at 18211, down 57 points or 0.3%.
Going ahead, we expect index to consolidate in the broader range of 18600-18000 with a stock specific action amid progression of Q2FY22 result season.
Paytm is now expected to increase the secondary share sale from existing investors to ₹10,000 crore as a part of the increased IPO size.
According to Sneha Poddar, an analyst at Motilal Oswal Financial Services, the issue is valued at 16.1 times FY22 enterprise value/sales on a post-issue and annualized basis.
The three-day share sale, which will close on 1 November, will reduce the promoter’s stake from 54.2% pre-IPO to 52.6%.
Supplies of the fossil fuel are being further enhanced to help coal stocks reach 10 million tonnes by Diwali, as reported by Mint on 19 October.
reported an 11% year-on-year rise in revenue in constant currency to $4.7 billion for the third quarter ended September as business momentum, especially in digital services, continued to improve.
The risk is sentiment could weaken if investors lose confidence in the ability of policy makers to contain inflation while nurturing the economic rebound.
Overnight, on the Wall Street, the S&P 500 slipped 23.11 points to 4,551.68.