Ambareesh Baliga said he does not see a rate-easing cycle even if the West Asia situation is resolved. However, if the situation remains unresolved, he expects further rate hikes by the central bank.
Analysts said that upstream players and standalone refiners will outperform in the second quarter on firm crude realisations and strong transport fuel cracks.
Elara has retained its positive stance on IndiGo in the medium to long term, saying India's aviation demand cycle remains intact and competitive supply remains constrained.
According to HDFC Securities, ground checks indicate that Tilaknagar Industries is effectively addressing state-specific requirements to strengthen the Imperial Blue franchise.
Rentomojo shares made a strong debut on the bourses last month. Its shares were listed at ₹482 on the NSE, up 19.42 per cent from the issue price of ₹404.
TCS Q2 results date, dividend announcement: TCS will declare its Q2 results on Oct 8. Besides, TCS could also recommend an interim dividend. TCS has set Oct 14 as the dividend record date
Nykaa said that the Beauty vertical maintained its healthy performance in Q2 with net sales value (NSV) and Net Revenue growth expected to be in late 30s.
HDFC Bank shares have significantly underperformed peers over the last few years. The stock price has declined by 25 per cent in the past one year and 8 per cent in the past five years.
Bajaj Finance shares gained 4 per cent after the NBFC announced its business update for the second quarter and unveiled a ₹17,500-crore fundraising plan.
Over the previous three sessions, Adani Energy Solutions shares have gained more than 7 per cent, compared with a nearly 1 per cent decline in the Nifty 50 index.
In contrast, DIIs pumped a record around $177 billion in Indian equities over the past 24 months, which is 23% higher than their cumulative inflows during the preceding eight years.
India VIX indicates expected volatility in the market over the next 30 days. Higher levels suggest greater volatility as traders expect larger price swings in the market.
According to Bloomberg data, a total of 8.6 million shares of the company changed hands in a single block. Further details of the parties involved in the block deal were not immediately available.
At the current price, Nomura said that Meesho trades at a premium to Eternal and Swiggy, despite their higher NMV growth and cash-cow food delivery businesses.
