Market News
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Stocks in news: Suzlon Energy, Wipro, Hindalco, ICICI Bank, Eicher Motors
Indian markets closed with small gains amidst a volatile week. Investors will watch global economic news and policy comments. The RBI's dividend transfer will impact liquidity and government spending. Suzlon Energy, Wipro, Hindalco, ICICI Bank, and Eicher Motors are in focus. Companies like Suzlon Energy, RVNL, and Pine Labs will announce quarterly results.
Stocks in news: ITC, LIC, Sun Pharma, Maruti Suzuki, Fino Payments Bank
Benchmark indices experienced a negative close on Thursday, marked by volatile trade and profit booking. Analysts anticipate the Nifty to continue its consolidation between 23,200 and 23,900. Several companies, including ITC, LIC, Sun Pharma, Maruti Suzuki, and Fino Payments Bank, are in focus due to Q4 results and other developments.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades over 130 points higher; Jubilant Foodworks in focus
Sensex Today | Stock Market LIVE Updates: The bulls would hope for a replica of last night's rally on Wall Street, taking cues from some easing in bond yields and a fall in oil prices, even though nothing concrete has emerged from West Asia just yet. For the Nifty Bank, the 53,000 - 54,000 range remains, even as the index remains choppy.
Stocks in news: ITC, Nykaa, Lenskart, Ola Electric, IndusInd Bank
Markets saw a volatile session with Nifty trading below the 23,800-24,000 resistance zone, though select heavyweight buying limited downside. Several companies like ITC, Nykaa, and IndusInd Bank are in focus due to Q4 results and news developments, including Lenskart's profit decline and Dr. Reddy's new diabetes drug launch.
Stocks to watch: Lenskart, BPCL, Hindalco among 10 shares in focus today; check list here
Stock market today: The Indian stock market is likely to continue its losing streak as trends in the Gift Nifty index signalled a negative opening on Wednesday. Amid this backdrop, these stocks will remain in focus on 20 May.
Sensex Today | Stock Market LIVE Updates: Amber Enterprises in focus, JPM, CLSA cut target for stock
Sensex Today | Stock Market LIVE Updates: The India VIX remains near 20 and analysts see this as a worry. For the Nifty, 23,250 - 23,350 remains a support zone, while 23,700 - 23,800 needs to be crossed on the upside for a move back towards 24,000. HDFC Bank led the Nifty Bank recovery on Friday and the bulls would hope that continues as well.
Stocks to watch: BEL, IOC, Lupin among 10 shares in focus today; check list here
Stock market today: The Indian stock market is likely to continue its gaining streak as trends in the Gift Nifty index signalled a positive opening on Tuesday. Amid this backdrop, these stocks will remain in focus on 19 May.
Credit card profit pool shrinks as revolvers evolve
"The decline in the level of revolvers has impacted profitability," ICICI Bank group CFO Anindya Banerjee said, adding that the business remained profitable and retained multiple levers-including cost management and rewards optimisation-to sustain returns. "It is a business one would continue to have a very strong focus on."
Credit card profit pool shrinks as revolvers evolve
"The decline in the level of revolvers has impacted profitability," ICICI Bank group CFO Anindya Banerjee said, adding that the business remained profitable and retained multiple levers-including cost management and rewards optimisation-to sustain returns. "It is a business one would continue to have a very strong focus on."
Nifty Bank falls 500 points as PNB, Canara Bank, SBI, other stocks decline up to 3%. What lies ahead?
Indian bank stocks tumbled, dragging the Nifty Bank index down as a weakening rupee and rising global bond yields soured market sentiment. Several major banks saw significant declines, with analysts pointing to key technical levels. The rupee hit an all-time low against the dollar, exacerbating concerns for the financial sector.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty hints at gap-down; Vodafone Idea in focus
Sensex Today | Stock Market LIVE Updates: Bond yields are rising, and the currency is at a record low. Foreign institutions continue to sell. For the index, the 23,500 level, which it managed to sustain above last week, comes back into play again on the downside, while the 23,700 - 23,800 zone continues to remain a barrier.