Page 363 - Markets

Vedant Fashions hits 18-month low, slips 7% on weak outlook

According to the management, the overall performance in 9MFY24 got impacted due to significantly lower weddings nationally, general slowdown impacting consumer sentiments

Bank of Baroda to report Q3FY24 results on Jan 31; Here's what to expect

Bank of Baroda news: Higher cost of deposits could put pressure on net interest margins, brokerages pointed out in their result preview report.

Azad Engg zooms 25% in 2 days on signing 7-year contract with Rolls-Royce

Rolls-Royce signed a long term contract of seven years with AEL to produce/supply critical engine parts for their Defence / Military Aircraft engines

ITC extends fall, slips 5% in 3 days as Q3 results miss Street estimates

Analysts expect the stock to remain muted in the near-term given a weaker overall environment

Euro zone yields drop as markets price in ECB interest rate cut in April

Some analysts reckoned that soft economic growth and inflation figures from the euro zone, due from Wednesday, could add to expectations for more ECB monetary easing

Aditya Birla Sun Life AMC Q3 results: Profit grows 26% to Rs 209 crore

Aditya Birla Sun Life AMC on Monday reported a 26 per cent rise in its net profit to Rs 209.34 crore in the December quarter. In comparison, the company had posted a net profit of Rs 166.3 crore in the same quarter of the preceding fiscal, the asset management firm said in a regulatory filing. Total income grew to Rs 420.96 crore in the quarter under review as against Rs 363.17 crore in the October-December period of the preceding fiscal (2022-23). Aditya Birla Sun Life AMC, a joint venture between Aditya Birla Capital and Sun Life (India) AMC Investments Inc, is primarily the investment manager of Aditya Birla Sun Life Mutual Fund. It is one of the leading asset management companies in India.

Reliance Industries stock rallies 7%, mcap tops Rs 19.5 trillion

Robust retail, oil and gas performance, steady digital services drive company's earnings growth

Analysts downgrade SBI Card as poor asset quality, rising costs bite in Q3

SBI Card share price: Shares of the credit card arm of State Bank of India (SBI) tanked 6.5 per cent to Rs 710.5 per share on the BSE in Monday's intraday trade

Dalal Street investors become richer by Rs 6 trillion as markets rally

The 30-share BSE Sensex jumped 1,240.90 points or 1.76 per cent to settle at 71,941.57. During the day, it soared 1,309.55 points or 1.85 per cent to 72,010.22

Crude oil edges lower on China worries as tensions fester in West Asia

Brent crude futures dipped 23 cents to $83.32 a barrel by 0937 GMT while U.S. West Texas Intermediate crude futures edged down by 27 cents to $77.74

Rupee ends little changed as focus turns to Budget, US Fed decision

The rupee closed at 83.1325 against the U.S. dollar, barely changed from its close at 83.1150 in the previous session

Sensex up 1200 pts, Nifty tops 21700: Factors behind market rally on Jan 29

Stock market highlights on January 29: The frontline S&P BSE Sensex index soared 1,309 points in the intraday trade to hit a high of 72,010 levels

Adani Green Q3 result: Net profit more than doubles to Rs 256 crore

Adani Green Q3FY24 results: The company's revenue from operations rose 17 per cent to Rs 2,311 crore in the quarter

AU Small Finance Bank hits 9-mth low, tanks 12% on disappointing Q3 results

The bank's Gross Non-Performing Assets (GNPAs) rose to 1.98 per cent in Q3FY24 from 1.81 per cent in Q3FY23 and 1.91 in Q2FY24

HDFC Bank gains 2% as LIC gets RBI nod to raise stake in lender to 9.99%

LIC has been advised by RBI to acquire the aforesaid major shareholding in the bank within a period of one year that is by January 24, 2025

Market regulator Sebi's move gives fillip to accredited investors

Number of such investors surged 75% in the last month since the onboarding process was simplified

Sebi streamlines reporting norms for depository participants, custodians

Markets regulator Sebi on Thursday streamlined the reporting requirements for designated depository participants and custodians. The decision has been taken after reviewing various reports submitted by the Designated Depository Participants (DDPs) and custodians in order to have uniform compliance standards, for ease of compliance reporting and for regulatory purposes. In a circular, the Securities and Exchange Board of India (Sebi) said that reports about Foreign Portfolio Investors (FPIs) non-compliant with legal entity identifier requirements and FPIs who have not submitted granular beneficial ownership details should be submitted on a quarterly basis. Various other reports also need to be submitted to the regulator. Sebi has provided the reporting requirements along with periodicity in the circular. The reports should be on monthly, quarterly, half-yearly and annual basis as specified by the regulator. "The monthly and quarterly reports shall be uploaded within 15 calendar d

Tech Mahindra slips 6% as investors book profit post Q3FY24 results

Ahead of the result, the stock rallied 13 per cent in two weeks. It had hit a 52-week high of Rs 1,416 on January 23

Blackstone Q4 results: Earnings rise 4% to $1.4 bn as asset sales pick up

Distributable earnings, which represents cash used to pay dividends to shareholders, rose to nearly $1.4 billion in the three months to Dec. 31, up from $1.3 billion a year earlier

F&O expiry: Nifty ends Jan series near 21,350; Sensex drops 360 pts

Stock market highlights on January 25, 2024: The frontlines were dragged by Tech M, Axis Bank, Bharti Airtel, HCL Tech, Kotak Bank, HDFC Bank, Wipro, Asian Paints