Wall Street muted at open after inflation data; Intel tumbles
The Dow Jones Industrial Average fell 42.45 points, or 0.11%, at the open to 38,006.68. The S&P 500 opened lower by 5.25 points, or 0.11%, at 4,888.91, while the Nasdaq Composite dropped 35.64 points, or 0.23%, to 15,474.85 at the opening bell.
Intel plunges as chipmaker falls further behind in AI race amid PC market hurdles
The forecast from one of the largest suppliers of PC chips weighed on Nvidia, Advanced Micro Devices, Qualcomm and Micron Technology, which fell between 0.6% and 1.7%.
Buy IT midcaps on dips; may consider HDFC Bank at around Rs 1,300: Sandip Sabharwal
Sandip Sabharwal says largecap IT stocks do not interest him. Some selective midcap IT companies are doing very well, like those which have distinct business or like KPIT Technologies or like BirlaSoft reported very strong results, etc. There, investors can selectively invest on corrections.
Crypto hackers stole around $1.7 billion in 2023. Key details
Hackers of cryptocurrency platforms stole around $1.7 billion in 2023, around 54.3% lower than the year before, a Chainalysis report showed on Wednesday.
Our only concern is CASA is not growing the way the other deposits are going up: K Satyanarayana Raju, Canara Bank
Canara Bank MD & CEO says: “We are focussed on the credit cost by reducing the slippages and maintaining the quality of the recoveries. All these things are helping us to maintain NIM at just above 3%. But the next quarter again, our NIM will be between 2.9% and 3%, but our efforts will continue […]
HDFC Bank’s era of premium valuations is over
Financial metrics that stood out in the industry gave HDFC Bank a premium valuation that was competitors’ envy. Now that it resembles its peers, the valuation may also remain aligned.
YES Bank Q3 result preview: Profit may jump multifold; muted NII growth seen
YES Bank Q3 result preview: YES Bank reported a 12% growth in its advances at Rs 2.17 lakh crore in the third quarter, compared with Rs 1.94 lakh crore in the last year period. On a sequential basis, deposits rose 4%.
There is more to BFSI than just banks: Financial Services index stocks with “Buy” rating which may deliver more than 25 % returns
Three years of underperformance when topped by a decline of more than 15 in just one month and makes the management come out with clarification is bound to rattle many and is bound to have rub off on other players in the sectors which may not be banks. However because they are part of the […]
US equity fund withdrawals ebb to four-week low amid tech-led Wall Street rally
U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four weeks, as a Wall Street rally, led by strong tech sector gains from upbeat forecasts by TSMC and Super Micro Computer, tempered the outflows.
Stock exchanges shift 39 stocks out of ESM framework
Other stocks shifted out of the ESM framework include Rudra Global Infra Product, GP Petroleum, Kanoria Energy, Signet Industries, Bemco Hydraulics, Samrat Forgings and Amba Enterprises.