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Mcap of 4 most valued firms surges by ₹2.20 trn, Reliance biggest winner
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark Sensex climbed 249.29 points or 0.32 per cent. "Markets ended the week with marginal gains, reflecting a volatile and range-bound trading environment amid mixed global and domestic cues," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The week began on a positive note, supported by easing geopolitical tensions and steady progress in Q4 earnings, which lifted initial sentiment, he said. However, gains were gradually capped by rising crude oil prices, weak cues from Asian markets, and persistent foreign institutional investor (FII) outflows, Mishra added. While Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS) and Bajaj Finance were the gainers from the pack, HDFC Bank, State Bank of India, ICICI Bank, Larsen & Toubro, Hindustan Unilever and
Q4 Results Highlights: Indegene profit falls 32%, RPG Life revenue up 24%
Q4 Results Highlights: Major companies including Bajaj Finance, Adani Power, Vedanta, MOIL, Mphasis, Navin Fluorine, Waaree Energies and Bandhan Bank reported their Q4 earnings on Wednesday, while a host of financial, energy and midcap firms also announced results, keeping markets active ahead of a holiday-shortened week.
Jana SFB Q4 net profit up 13% as NII jumps 26%; slippages lowest in the year
Deposits increased 23% year-on-year to ₹35,784 crore. CASA (current account savings account) deposits stood at ₹6,418 crore, while term deposits were ₹29,366 crore. CASA ratio was 18%. Shares of Jana Small Finance Bank Ltd ended at ₹468.45, down by ₹23.20, or 4.72%, on the BSE.
Q4 Results LIVE Updates: UTI AMC profit drops 73%; IEX operating profit up 23%
Q4 Results LIVE Updates: Infosys, LTIMindtree, IEX, Union Bank of India, Aditya Birla Sun Life AMC, Adani Energy Solutions, CIE India, Bluestone Jewellery, Mahindra Logistics, Tata Capital, Sterling & Wilson Renewables, Tata Teleservices (Maharashtra), and UTI AMC are among the important earnings to track today. The street will react to results reported by Trent, BCCL, and other companies as well. Watch this space for all the LIVE updates.
Q4 Results Live Highlights: IEX Announces Dividend, Cyient Approves Buyback Worth Rs 720 Crore; Infosys Beats Estimates
Heavyweights across IT, banking, financial services and energy are scheduled to declare their numbers, led by Infosys, Adani Energy Solutions, Union Bank of India, and Tata Capital.
8 out of 10 most India's valuable companies add ₹4.13 lakh crore mcap amid US-Iran ceasefire; HDFC, ICICI Bank top list
From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their valuation.
Mcap of 8 top valued firms jumps ₹4.13 trn; HDFC, ICICI Bank top gainers
The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities. Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty surged 1,337.5 points or 5.88 per cent. "Sentiment remained buoyant amid optimism surrounding a temporary USIran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. A sharp decline in crude oil prices below the USD 100 mark eased domestic concerns and triggered a strong rebound across markets, he added. From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their ...
Iran war going beyond four weeks from now could trigger global recession: Neelkanth Mishra
Neelkanth Mishra, Head of Global Research at Axis Capital and Chief Economist at Axis Bank, says the Iran conflict is a major macro risk for India given its heavy dependence on energy imports. A prolonged disruption could wipe out around 7% of global energy supply and raise the risk of a global recession if it lasts beyond four weeks. While the impact on growth, inflation and currency may be one-time, supply shocks and second-order effects could worsen. Markets may need to panic before a resolution emerges. Axis Bank stock was trading at ₹1,221 at 9:37 am on the NSE, up over 16% in the past year.
KPI Green Energy secures Rs 949 cr sanction from Canara Bank
KPI Green Energy has secured a sanction of Rs 931 crore from Canara Bank in the form of a Fresh Rupee Term Loan and Rs 48 crore in the form of a Bank Guarantee, to finance the development of its 150 MW wind power project in Gujarat.
Financial sector fundamentals strong, prefer private banks: Macquarie Capital
Tight liquidity may weigh on financial stocks, though fundamentals remain stable, says Suresh Ganapathy, Managing Director and Head of Financial Services Research India at Macquarie Capital. He expects private banks to deliver around 15% return on equity with healthy asset quality and sees current valuations as an opportunity to add bank stocks.
Markets may have priced in worst risks, correction a buying opportunity, says this CIO
Hiren Ved, Director & CIO of Alchemy Capital Management, says if crude cools below $85, sentiment could improve and trigger a bounce. While near-term volatility may persist, current valuations look attractive for long-term investors, with buying opportunities in small and midcaps over the next 6–12 months.
Japan's MUFG, State Bank of India partner to finance projects, including M&A
The alliance follows recent reforms by India's central bank permitting domestic lenders to finance corporate acquisitions, funding up to 75% of the deal value for listed and unlisted firms.