Page 1109 - Markets News
Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts
Axis Bank stock price: Shares of Axis Bank surged 6.5 per cent to Rs 1,133 apiece on the BSE in Thursday's intraday trade
 "Axis Bank re-rating to continue on steady NIMs, cheap valuation: Analysts")
Nasdaq down over 2%, Dow falls 500 points on US GDP growth data
Meta plunged 14.7% after the Facebook-parent forecast higher expenses and lighter-than-expected revenue
 "Nasdaq down over 2%, Dow falls 500 points on US GDP growth data")
Crisil ESG Ratings receives market regulator Sebi approval for ESG scoring
The rating provider launched its ESG scoring business in 2021 and now tracks over 1,000 companies across 65 sectors
 "Crisil ESG Ratings receives market regulator Sebi approval for ESG scoring")
Dalmia Bharat stock tanks 10%, hits 52-week low on weak Q4 results
Dalmia Bharat stock update: Dalmia Bharat stock tumbled in Thursday's trade after the company reported a 50 per cent drop in Q4 net profit on a YoY basis.
 "Dalmia Bharat stock tanks 10%, hits 52-week low on weak Q4 results")
Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%
Indian stock market on Thursday, April 25: The NSE Nifty ended atop the 22,550 levels, up 156 points; Kotak Bank and HUL, however, bucked the trend.
 "Sensex extends rally to fifth day, ends 486 pts up; SBI, Axis Bank zoom over 5%")
Maruti Suzuki Q4 preview: Profit may soar up to 56% YoY on robust sales mix
Maruti Suzuki Q4 preview: Maruti Suzuki India may also see a solid Ebitda margin expansion on falling commodity prices, analysts said
 "Maruti Suzuki Q4 preview: Profit may soar up to 56% YoY on robust sales mix")
Hitachi Energy shares hit 52-week high on expansion plans
Venu Nuguri, the managing director and CEO of Hitachi Energy's India unit, disclosed plans to potentially establish a GCC in Hyderabad and Pune within the next six months to a year
 "Hitachi Energy shares hit 52-week high on expansion plans")
PSU bank stocks rally on earnings hope; SBI at new high, Canara Bank up 3%
The Nifty PSU Bank index was the top sectoral gainer, up over 2 per cent in an otherwise range-bound market on Thursday.
 "PSU bank stocks rally on earnings hope; SBI at new high, Canara Bank up 3%")
RBI action on Kotak Bank: Stock plunges 12% as analysts turn bearish
RBI action on Kotak Mahindra Bank: With unsecured lending, especially credit cards, becoming key focus areas of most banks, Kotak Mahindra Bank will lose the opportunity to add the high-yield products
 "RBI action on Kotak Bank: Stock plunges 12% as analysts turn bearish")
Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr
Thus far in the month of April, these stocks have zoomed up to 58 per cent
 "Shipbuilding stocks on roll; Cochin, GRSE zoom upto 58% so far in Apr")
Indian Hotels stock falls 5% post Q4 results; peer group shares rise
Indian Hotels stock update: Share price declined 5% day after company reported 29% growth in net profit.
 "Indian Hotels stock falls 5% post Q4 results; peer group shares rise")
Hindustan Unilever falls 2% as Q4 profit slips; brokerages remain cautious
The fall came after the company announced a mixed set of March quarter (Q4FY24) results. Hindustan Unilever's profit dipped 1.6 per cent to Rs 2,558 crore, from Rs 2,600 crore a year ago
 "Hindustan Unilever falls 2% as Q4 profit slips; brokerages remain cautious")
This Shapoorji Pallonji Group stock has zoomed 57% in 4 days
Forbes & Company stock update: The stock was locked at the 20% upper circuit in intra-day deals on Thursday, April 25.
 "This Shapoorji Pallonji Group stock has zoomed 57% in 4 days")
Indian govt bond yields seen steady as traders eye fresh triggers
Bond yields declined in the first two days of the week, before giving up some of the fall on Wednesday, as oil prices and US yields continued to be around levels where a further upside is possible
 "Indian govt bond yields seen steady as traders eye fresh triggers")
Voda Idea stock rebounds 14% from intra-day low post listing of new shares
Shares of Vodafone Idea (VIL) hit a high of Rs 13.40 bouncing back 10 per cent from its intra-day low on the National Stock Exchange (NSE) in Thursday's intra-day trade amid heavy volumes.
 "Voda Idea stock rebounds 14% from intra-day low post listing of new shares")
HDFC Bank, Grasim, ITC: Top stock holdings of FIIs, MFs in March 2024 qtr
The surge in indices came on the back of a robust economy, optimistic forecasts from global brokerages and rating firms on economic growth outlook, and favourable investor sentiment
 "HDFC Bank, Grasim, ITC: Top stock holdings of FIIs, MFs in March 2024 qtr")
Indian markets stand out for cheap bonds as JPMorgan index date nears
The stretched valuation has seen global asset managers trim their allocations to Indian stocks, pulling $1.1 billion so far in April
 "Indian markets stand out for cheap bonds as JPMorgan index date nears")
Here's why the 'Modi-fication' of India is still thrilling stock markets
Modi has done an unbelievable job in India, JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said
 "Here's why the 'Modi-fication' of India is still thrilling stock markets")
Tata Consumer Products: Focusing on performance of growth businesses key
After the acquisition of Capital Foods and Organic India, Tata Consumer needs to derive synergies, expand distribution, and increase throughput per store
 "Tata Consumer Products: Focusing on performance of growth businesses key")
Stocks to Watch, April 25: Axis Bk, HUL, TechM, LTIMindtree, RVNL, Kotak Bk
Stocks to Watch on Thursday, April 25, 2024: The Reserve Bank of India, on Wednesday, directed Kotak Mahindra Bank to stop issue of fresh credit cards and the onboarding of new customers
 "Stocks to Watch, April 25: Axis Bk, HUL, TechM, LTIMindtree, RVNL, Kotak Bk")