Bajaj Finance, Bajaj-Auto, Bajaj Finserv, Mahindra & Mahindra, IndusInd Bank, Bharti Airtel, SBI were among top Sensex gainers Barring Nifty Metal and Nifty Realty indices, all the sectoral indices were trading in the positive territory.
Margins are likely to see a sharp improvement in FY22 on a) lower cost of funds, b) a reduction in liquidity, and c) a favorable base due to interest reversals.
S&P Global Ratings on Wednesday said the second wave of COVID infections poses downside risks to India’s GDP and heightens the possibility of business disruptions.
Under the new guidelines, the post of MD and CEO of a private bank cannot be held by the same individual for more than 15 years in one go.
The market opened with a gap up as the global markets are keeping the positive sentiments intact in the market and the hope that Covid cases will decrease and the situation will be controlled although rating agencies all around the globe have started to revise their GDP estimates after the second covid wave in the country.
It will going to be first food delivery company to be listed on Indian stock exchanges, Zomato has seen exceptional growth in Indian in last couple of year but at this point in time business has come down due to as several states are in lockdown or several restrictions in many states due to covid19 2nd wave in India.
Online food delivery platform Zomato is looking to raise a massive Rs 8,250 crore through its much-awaited initial public offering by existing shareholder Info Edge Ltd — the parent firm of Naukri.com.
Axis Bank posting a profit of 2,677 crores in Q4 with improved asset quality and Bajaj Finance Net profits rising by 42% YoY basis are just a few examples,” said Mohit Nigam Head PMS, Hem Securities.
A closing past 14700 will signal a shift in the trend from sideways to bullish and thereafter dips or intra day corrections can be utilized to buy into this market.
While no major policy changes are expected from the Fed’s two-day policy meeting ending on Wednesday, investors are likely to pay close attention to Chair Jerome Powell’s comments after the meeting.
But If fed consider expected inflation along with recent upbeat economic data and signals that the current recovery is in full swing to achieve targeted growth to taper then the US dollar index will recover the ground.
Gold may remain choppy ahead of Fed decision however we do not expect a sustained decline as Fed is most likely to reaffirm its dovish stance.
Axis Bank posting a profit of 2,677 crores in Q4 with improved asset quality and Bajaj Finance net profits rising by 42% YoY basis are just a few examples.
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Prices of Petrol and Diesel remain unchanged today for the thirteenth consecutive day.
Technically, the Nifty has held a level of 14550/48600 which suggests bulls are in total control and would like to take this ride towards 14750-14800/ 49300-49800 levels.
Nifty futures were trading flat with a negative bias at 14,656.50 on Singaporean Exchange, hinting a flat start for BSE Sensex and Nifty 50 on Wednesday.
Cases of coronavirus continue to surge in India but assurance of help from global strategic partners and reduction in cases in Mumbai seem to be aiding the positivity.
In overnight trade on Wall Street, major US stock indices ended on a tepid note as investors geared up for the latest Federal Reserve policy announcement.