Q3 results today: Wipro, Jio Financial among 36 companies to announce earnings on Friday
Wipro is likely to have a subdued third quarter with constant currency revenue expected to be declining and may well be the weakest among the peers.
These 2 stocks to trade ex-split on Monday. Last chance to buy
This will be the second instance of the company splitting its stock. Prior to this, Nava had split its stock from a face value of Rs 10 per share to Rs 2 per share in August 2005, according to the Trendlyne data.
Stocks to buy: SBI Life, DMart and LTIMindtree on investors’ radar
Stocks that were in focus include names like SBI Life, which rose 3% and DMart, which gained 1% and LTIMindtree, whose shares jumped 2.5% on Thursday.
FPIs raise stake in select stocks despite big selloff
Similarly, Pricol surged 43% after FPIs increased their stake by 9.4%. Kalyan Jewellers India rallied 116% in 2024 as FPIs boosted their holdings by 7.8%. The benchmark Nifty gained 8.75% in 2024 while Nifty Midcap 150 and Nifty Smallcap 250 surged 23.15% and 25.64%, respectively.
RBI injects ₹40,000 cr into banking system via 2 auctions
The Reserve Bank of India injected over ₹40,000 crore into the banking system through two operations, addressing a liquidity deficit that breached ₹2 lakh crore. The RBI accepted ₹30,760 crore from overnight VRR auction and ₹9,892 crore from government securities buyback. Another VRR auction of ₹50,000 crore is announced for Friday, to be reversed on […]
Wall Street slips after rally as earnings, data eyed
A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday.
Reliance net profit jumps 11.9% in December quarter, beating estimates
Revenue from operations increased 7% to ₹2.43 lakh crore from ₹2.27 lakh crore in the year earlier. Consolidated ebitda increased by 7.8% to ₹48,003 crore.
Muted growth, higher slippages & credit costs weigh on Axis Bank
Axis Bank on Thursday reported a tepid rise in its December quarter profits on the back of weak business growth, increased slippages and higher credit costs. The bank’s profit rose 4% on year to ₹6,304 crore, largely in line with expectations.
Sebi bars Pacheli, 6 others from securities market for pump-and-dump activities
The regulator said the company was taken up for examination because the share price movement of PIFL did not appear consistent with the reported financials.
Adani m-cap still 34% below Jan ’23, but financials healthier
Out of the 11 Adani stocks listed then, seven are yet to recover to the pre-Hindenburg levels though the Nifty index has rallied 29% since then. Three stocks, such as Adani Total Gas, Adani Energy Solutions, and Adani Wilmar, are trading 50-83% lower; while NDTV, Adani Green and Adani Enterprise are down by 30-50%. Adani […]