Page 1943 - Markets News

SBI Q4 net profit jumps 80% YoY to Rs 6,451 crore on lower provisioning

During the quarter under review, the Mumbai-based lender's provisions and contingency fund dropped 18.11 per cent year-on-year (YoY) to Rs 11,051 crore

Crypto limps to weekend after hammer blows from Musk, china, and tax

Despite downside risks and this week's volatility -- which saw Bitcoin slide about 31 per cent and jump roughly the same percentage on Wednesday -- crypto bulls are undaunted

SBI Cards trades higher for fifth straight day; stock up 11% in a week

SBI Card's top management said that the Q4FY21 spending recovered to pre-Covid levels with a higher share of online spending (more than 50 per cent), which management expects to continue

Sugar stocks trade weak in a firm market on reduction in export subsidy

The government reduced the export subsidy from Rs 5.85 / kg to Rs 4.0 / kg on any sugar contracted for export on or after May 20, 2021

RIL, Maruti Suzuki: These 53 stocks from Nifty500 are trading below 200-DMA

Despite the Sensex and Nifty indices reclaiming their crucial resistances, this situation on chart indicates weakness and hints at a probability of further decline

Adani Transmission becomes the second most valuable Adani Group firm

With Rs 1.60 trillion market capitalisation, Adani Transmission replaced Adani Port & SEZ, which had market-cap of Rs 1.57 trillion at 11:13 am.

This telecom cable manufacturer stock has zoomed over 100% in a month

The stock was trading at its highest level since January 2008

JK Lakshmi Cement surges 7%, nears record high on healthy Q4 results

The company said it has improved its profitability on account of substantial higher volumes, higher realisations, improved efficiency, improved product mix etc

HPCL rallies 8%, hits 52-week high on strong March quarter results

The company announced final dividend of Rs 22.75 per share, and it also completed its share buyback program on April 20, 2021

India to look to OPEC once oil demand recovers after Covid second wave

India's oil demand growth is set to be just 350,000 barrels per day (b/d) in 2021, according to S&P Global Platts Analytics, given extreme consumption weakness in April and May

Osho Krishan of Anand Rathi is bullish on PNB, Avenue Supermarts. Check why

DMART has recently witnessed consolidation range breakout on the back of an increase in average traded volumes indicating fresh hands accumulating the counter

Stocks to watch: SBI, JSW Steel, HPCL, Havells, Torrent Power, sugar stocks

Hindustan Petroleum's (HPCL) fourth-quarter profit rose to Rs 3,018 crore from Rs 27 crore a year earlier on big inventory gains

Market Ahead Podcast, May 21: Top factors that could guide markets today

SBI, Hindalco, Shree Cement, JSW Steel, Aarti Surfactants, Crompton Greaves Consumer Electricals and United Spirits are among 49 companies scheduled to post quarterly numbers today

Fertiliser stocks ride high on subsidy hike: Here're the top gainers

Analysts say the hike in DAP subsidy will have a positive rub-off on fertiliser and agri-input companies

High dividend payout driving rally in IT stocks; m-cap of top 5 up 87%

Since FY15, top 5 IT firms' share price has risen 116% against 132% increase in cash-pay out

Federal Reserve officials signal open to taper talk at 'upcoming meetings'

US Treasuries declined on heavy futures volumes after the minutes were published

Gold slips as US Federal Reserve officials hint at possible 'taper' talks

Fed minutes published on Wednesday showed "a number" of officials thought that if the recovery holds up, it might be appropriate to "begin discussing a plan for adjusting the pace of asset purchases"

Global stocks enjoying longest period of calm in four years, shows data

The MSCI AC World Index hasn't experienced a 5% drawdown since November, the longest streak of calm since 2017, according to data compiled by Bloomberg

Sensex, Nifty fall for second day; ONGC, Sun Pharma, Power Grid top losers

Most Asian markets traded weak after the overnight fall in the US markets

Axis Bank OFS retail book of 5.8 mn shares receives just 28% subscription

Unsubscribed portion of the OFS will be allotted to non-retail investors