The first quarter earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC. Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance … Read more
Mumbai: Shares of IIFL Finance plunged 20% Tuesday, the lowest tradeable limit of the day, after the Reserve Bank of India asked the company to stop disbursing and sanctioning gold loans with immediate effect on Monday. Manappuram Finance and Muthoot Finance, two of the country’s top gold financing companies, rose as the central bank’s move … Read more
Shriram Finance holds a strong chance to replace UPL in Nifty when the next review of the index happens in March 2024, according to estimates by Nuvama. The brokerage also sees a medium to high probability of Canara Bank replacing Bandhan Bank in the Nifty Bank index. Shriram Finance, which has a market cap of … Read more
Equity indices rebounded on Friday to close with marginal gains despite mixed cues from global markets. The 30-share BSE Sensex climbed 72 points to settle at 64,904 and the Nifty went up 30 points to end at 19,425. Stocks that were in focus included names like Muthoot Finance, which fell 3.24%, RVNL, which declined 2.74%, … Read more
The Indian market traded higher on Monday tracking positive global cues. The S&P BSE Sensex rose nearly 300 points while the Nifty50 closed above 19200 levels. Sectorally, buying was seen in realty, consumer durables, oil & gas, and public sector stocks. India VIX was down by 1.78% from 11.07 to 10.88 levels on Friday. Volatility … Read more