On a positive note, banks reported an uptick in their net interest income for the second consecutive quarter
Eight out of twelve auditors exited mid-term in 2019; one analyst says "spotlight" on them has increased.
While its net profit fell by 17% in the March quarter, the company is looking at high-price segments and premium products to drive profitability
Despite the near-term weakness, the Street is expecting some revival in the segment on the back of a pick up in infrastructure activity
Nifty PSU Bank, Realty, Energy, Public Sector Enterprises and Bankex clocked highest single-day gains in 10 years on Monday
In the forex market, the rupee strengthened and was trading higher by 58 paise to 69.65 against the dollar
Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares, and Stock Brokers.
Acceleration in corporate earnings growth in FY20 is expected to drive the markets from here on, Reddy says. From an allocation perspective, he still prefers large-caps
Monday's gain is also the biggest gain for the benchmark indices after exit poll results since the 1999 Lok Sabha elections
All that happened in the markets today
Banking, capital goods, oil & gas, realty, metal, consumer durables, automobiles and utilities indices were up in the range of 2.5% to 4% on the BSE on Monday
On the YoY basis, the company's gross margin declined by around 100 bps, primarily on account of price erosion, partially offset by new launches and favorable forex rates
Analysts expect most of the PSU banks to return to profitability during the current financial year 2019-20 (FY20), backed by improvement in the balance sheet
It will be interesting to see how the new government will generate additional revenues to fund populist schemes already announced without dampening the market mood.
Adani Enterprises, Adani Green Energy, Adani Gas and Adani Power were up 10 to 17 per cent on the BSE in intra-day trade.
The market is always looking for a courageous leader who is willing to risk short-term popularity for long-term economic benefits, says Angel Broking's Jyoti Roy
"We see May 23 as a binary event and a decisive majority for the current government (NDA) would be viewed as the better outcome," said Lavina Quadros, Equity analyst at Jefferies.
The domestic unit on Friday declined by 20 paise to close at 70.23 against the greenback.
"Update on China business will be key," analysts said
Lok Sabha 2019 election results will be the biggest trigger for the markets this week. On Sunday, most exit polls showed Prime Minister Narendra Modi is likely to return to power.