Q1 results today: LIC, RVNL, GRSE, MRF among 225 companies to announce earnings on Thursday
The initial quarter earnings season began with 225 companies, including LIC, Eicher Motors, RVNL, and SAIL, reporting their financial performance. Eicher Motors was expected to achieve a significant profit range, while LIC was projected to see a notable increase in its annual premium equivalent and value of new business on a yearly basis.
F&O Ban List: Manappuram Finance, Hindustan Copper among 10 stocks under trade ban on Thursday
On Thursday, eleven stocks, including Aditya Birla Capital and ABFRL, faced an F&O trade ban due to surpassing open interest limits. Meanwhile, Chambal Fertilizers & Chemicals and Granules India were removed from the ban. In a volatile market, Nifty50 and Sensex closed over 1% higher, ending at 24,297.50 and 79,468 respectively.
Fund Manager Talk | Growth stocks will continue to command premium: Vishal Jajoo
Overall corporate earnings have been in-line with expectations and coupled with a good monsoon this year, we are witnessing positive news flow not only from rural India but also from export dependent sectors like IT and Textiles.
Big movers on D-Street: What should investors do with ONGC, PFC and Tata Power?
Sensex and Nifty recovered significantly on Wednesday following a global rally after consecutive losses. Key stocks in focus included ONGC, which gained 7.45%, PFC up by 4.30%, and Tata Power down 1.31%. Experts advise holding these stocks with strict stop losses, given the present trading volumes and market movement.
ICICI Prudential cuts fund’s equity allocation to 20-month low
ICICI Prudential Balanced Advantage Fund decreased its equity allocation to 31.2% in July, the lowest in 20 months, owing to rising market valuations. The fund’s equity allocation can range from 30% to 80%. The fund’s lowest equity allocation since its March 2010 launch was 30.13% in August 2018.
Traders brace for more volatility after jobless claims
Traders are bracing for continued market volatility, with significant attention on Thursday’s report regarding US jobless claims. The options market suggests a 1.2% move in the S&P 500 Index. Recent unemployment figures have raised concerns, and the jobless claims data will be key in understanding labor market trends and potential market impacts.
Canara Bank plans overseas bond issue to raise $300 million
Canara Bank aimed to raise a minimum of $300 million by issuing bonds internationally to bolster its liability franchise amid strong credit growth. The bank enlisted DBS Bank, Mitsubishi UFJ Financial Group, and BNP Paribas for this effort. This was its first bond issue in over five years, intended to broaden its funding sources.
Traders lose billions on big volatility short after stocks rout
A sudden stock market selloff led to massive losses for those betting on market stability. The CBOE VIX index spiked sharply, erasing billions from short-volatility ETFs. Both retail and institutional investors suffered, highlighting the dangers of betting against market volatility.
Japan leads Asian stock selloff, Yen resumes climb: Markets wrap
Asian equity markets, particularly Japan, saw declines amid investor concerns over central bank signals on interest rates. The Topix Index and other regional benchmarks dropped, with the yen rising slightly. US Treasury yields fell, influenced by recent economic data. This follows the Bank of Japan’s interest rate actions and soft US economic indicators affecting market […]
Stocks in news: LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher Motors
The domestic markets rebounded on Tuesday, gaining over a percent owing to robust global cues. Stocks such as LIC, Eicher Motors, RVNL, and Tata Motors were highlighted due to quarterly results and corporate developments. Key financial outcomes were reported by BSE, NHPC, and Apollo Tyres. Moody’s upgraded Tata Motors’ rating, keeping a positive outlook.