Stocks to buy today: Ambuja, L&T and Dabur on investors’ radar
Stocks that were in focus include names like Ambuja, which fell 4% and L&T, which gained 1% and Dabur, whose shares declined 1.4% on Wednesday.
Q3 results today: L&T, Adani Enterprises among 133 companies to announce earnings on Thursday
Around 133 companies will unveil their third quarter earnings on Thursday, with key focus on L&T, Bajaj Finserv, Adani entities, and Tata Consumer Products. Strong growth in earnings is expected for L&T and Tata Consumer, though Tata’s profitability may be impacted by rising tea prices.
Bajaj Finance shares in focus after Q3 PAT beats estimates. Should you buy, sell or hold?
Bajaj Finance posted a 17% YoY rise in consolidated net profit for the December quarter, reaching Rs 4,247 crore, surpassing estimates. Revenue from operations increased by 13%, and net interest income rose by 23%. Assets under management grew by 28%, and new loans booked hit a record 12.06 million. Analysts have mixed ratings on the […]
Dollar set to pounce on euro if ECB offers dovish guidance
Markets are more than fully priced for the ECB to trim rates by 25 basis points to 2.75% later on Thursday, with even a small chance of 50 basis points given how weak the EU economy is.
US stocks dip, dollar steady as traders digest Fed rate pause, tech earnings
After several months in which inflation data has largely moved sideways, the U.S. central bank dropped from its latest policy statement language saying that inflation “has made progress” towards the Fed’s 2% inflation goal, noting only that the pace of price increases “remains elevated.”
Asian stocks stall after Fed meeting, tech earnings
Shares in Japan opened slightly lower, weighing down a gauge of Asian equities despite a small gain for shares in Australia. Many of the region’s equity markets including China, South Korea and Taiwan remained closed for the Lunar New Year holiday.
D-St indices rise on short covering, but ‘rebound may not last for too long’
The NSE Nifty climbed 0.9% or 205 points, to close at 23,163. The BSE Sensex gained 0.8%, or 631 points, to 76,532. Upsides in the broader market were stronger with the Midcap 150 index and the Smallcap 250 index surging 2.4% and 3.2%, respectively – the largest single-day gains in seven months.
Fed holds rates steady, says inflation ‘somewhat elevated’
The Fed reduced its rate last year to 4.3% from 5.3%, in part out of concern that the job market was weakening. Hiring had slowed in the summer and the unemployment rate ticked up, leading Fed officials to approve an outsized half-point cut in September. Yet hiring rebounded last month and the unemployment rate declined […]
Indian Bank Q3 Results: Profit surges 35% YoY to Rs 2,852 crore
State-owned Indian Bank has reported a 35% year-on-year rise in third quarter net profit at Rs 2852 crore, as against Rs 2119 crore in the year ago period, on account of higher earnings and lower provisions.
Bajaj Finance Q3 net jumps 18% as AUM, interest income rise
The company also unveiled an AI-driven business transformation plan FINAI for FY25-FY29, looking to double its customer base to 200 million and expand credit market share by FY29.