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[hfe_template id='11223'] [ad_1] Domestic benchmark indices opened lower on Thursday, dragged by losses in banking and auto stocks, after a strong rally earlier this week that took them to nearly seven-month highs. Analysts expect consolidation as recent gains from trade deal progress and macroeconomic stability appear to be priced in. At around 9:47 am, the BSE Sensex was down 501 points, or 0.62%, at 80,828, while the Nifty50 slipped 131 points, or 0.53%, to 24,535. From the Sensex pack, IndusInd Bank, Sun Pharma, M&M, Maruti, Kotak Bank, and Axis Bank were among the top laggards in early trade, while Tech Mahindra, Adani Ports, Tata Motors, and HCL Tech opened with gains. Among individual stocks, Tata Power jumped 2% after the company reported a 25% YoY increase in its consolidated net profit, reaching Rs 1,306 crore in Q4FY25. Eicher Motors shares surged 2% after the company posted a strong set of Q4FY25 numbers, with consolidated net profit rising 27% year-on-ye...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 traded lower on Friday led by losses in M&M and Infosys. However, markets may see intraday fluctuations amid foreign inflows and optimism over a domestic growth rebound. The BSE Sensex was trading 256 points, or 0.33%, lower at 77,361. The Nifty50 was up 67 points, or 0.27%, trading at 23,524 around 9:38 am. Foreign portfolio investors (FPIs) bought Indian shares worth Rs 11,111 crore on Thursday, the highest for a day in six months, provisional data showed. FPIs have been buying in India for six straight sessions after an intense sell-off from late September 2024 when benchmark indices hit lifetime highs. From the Sensex pack, M&M, Infosys, Power Grid, Sun Pharma, HCL Tech, and TCS were the top laggards, declining up to 3.5%. On the other hand, HUL, Nestle India, Kotak Bank, Tata Motors, Asian Paints, and Tata Steel opened with gains. Live Events Among individual stocks, BSE Ltd....

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices opened sharply lower on Thursday, with the Sensex plunging over 1,000 points and the Nifty falling below the 24,000 mark. The decline followed the US Federal Reserve's projection of fewer interest rate cuts in 2025, citing persistent inflation and the resilience of the world's largest economy. The market capitalization of all listed companies on the BSE decreased by Rs 5.94 lakh crore to Rs 446.66 lakh crore. HDFC Bank, Infosys, ICICI Bank, Reliance Industries, SBI, and HCL Tech together accounted for a 600-point drop in the Sensex. Axis Bank, M&M, Kotak Bank, and Bajaj Finance also contributed to the decline. US rate-sensitive domestic IT firms, which derive a significant portion of their revenue from the US, opened up to 5% lower, led by LTIMindtree, Mphasis, and Wipro. Meanwhile, the India VIX fear gauge surged 5% to 14.37. Factors 1) Fed signals fewer rate cuts The US Federal Reserve announc...

[hfe_template id='11223'] [ad_1] Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample of 29 publicly listed banks, provisioning for nonperforming assets (NPA) fell by 2.9% to ₹27,318.2 crore. For PSBs, it fell by 11.6% to ₹14,628.3 crore with half of them reporting a year-on-year drop in loan loss provisioning. PSBs, including Punjab National Bank, Central Bank of India and Indian Overseas Bank, recorded a 82-93% fall in the NPA provisioning. On the other hand, private sector banks showed 12.5% increase in NPA provisioning for the quarter to ₹12,690 crore, led by select banks including ICICI Bank, Axis bank, Kotak Bank, IDBI Bank and Federal bank. Three out of every four private sector banks reported a year-on-year increase in their NPA provisioning. As a result, their share in the quarterly NPA provisioning increased to 46.5% from 41.2% ...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Tuesday, amid weak global cues, driven by gains in index heavyweights ICICI Bank, Infosys, and Reliance Industries. The BSE Sensex rose 171 points, or 0.21%, to 81,323, while the Nifty50 gained 45 points, or 0.18%, trading at 24,826 at around 9:19 am. From the Sensex pack, ICICI Bank, Infosys, UltraTech Cement, Reliance Industries, and Titan were the top contributors driving the index higher, while Tata Steel, SBI, Kotak Bank, Bajaj Finance, and Tata Motors opened in the red. Meanwhile, Bajaj Housing Finance shares opened over 4% higher after the home loan financier reported a rise in second-quarter profit on strong credit demand. Ola Electric shares surged 4.5% in early trade after the company announced it had resolved 99.1% of the 10,644 customer complaints, highlighting its robust consumer grievance redressal system. On the sectoral front, the Nifty Realty i...

[hfe_template id='11223'] [ad_1] Shares of Kotak Mahindra Bank dropped over 3% in Monday's early trading session to the day’s low of Rs 1,756 on BSE as the bank’s Net Interest Margin (NIM) was reported at 5.02% for Q1FY25. However, Kotak Bank reported a standalone net profit of Rs 6,250 crore for the quarter that ended June 30, 2024, which was up by 81%, while the net interest income (NII) for the reported quarter stood at Rs 6,842 crore which was up by 10% year-on-year (YoY) versus Rs 6,234 crore reported by the company in the year-ago period. Operating profit for Q1FY25 increased to Rs 5,254 crore from Rs 4,950 crore in Q1FY24, up 6% YoY and the bank's consolidated profit after tax (PAT) jumped to Rs 7,448.16 crore versus Rs 4,150.19 crore in Q1FY24 Here is how brokerages have viewed the Q1 update: Jefferies: Hold | Target price: Rs 1,960 Jefferies has maintained a hold view on the stock while hiking the target price to Rs 1,960 from Rs 1,790.The global brokera...

[hfe_template id='11223'] [ad_1] The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On Friday, key results of Reliance Industries (RIL), Wipro, UltraTech Cement and JSW Steel were reported. Here's a preview of what the numbers might look like for HDFC Bank and Kotak Mahindra Bank: HDFC Bank Q1 Preview HDFC Bank is likely to put up a muted show in the quarter ended June 2024, compared with the preceding March quarter, mainly due to weak deposit growth. The numbers with the year-ago period are not comparable, owing to its merger with HDFC Ltd. Net profit for the June quarter is likely to fall about 5% year-on-year, according to an average estimate of five brokerages. Meanwhile, net inter...