Stock Market Highlights: Nifty and Sensex ended sharply in the red on Wednesday, while the Nifty Bank ended over 500 points lower. The Nifty Pharma index outperformed the headline indices. The street awaits numbers from IndusInd Bank, Bajaj Auto, Wipro and LT…
Biggest losers included Bajaj Finance, Bajaj Finserv, NTPC, HDFC Bank and Axis Bank, while gainers were Cipla, Dr Reddy's Laboratories, Tata Motors, Sun Pharma and SBI Life Insurance
HDFC Bank, which is usually a bellwether stock for the banking sector, in its earnings report said its margins fell. Analysts also expressed their disappointment on its earnings numbers.
PhonePe's standalone PhonePe India Pvt Ltd entity, which houses its Payments business, recorded an operating loss of Rs 1,755 crore in FY23, up from Rs 1,612 crore in FY22.
While brokerages say the company might see a 3-5.5% revenue growth YoY to around Rs 15,000 crore, analysts project PAT to be down around 1% YoY -- at around Rs 2,500 crore.
Shares of Suzlon Energy crossed the ₹30 apiece level for the first time since April 2015. In the last one year, the stock skyrocketed 315%. This remarkable performance pushed the company's market capitalisation past the ₹42,000 mark.
The safe haven commodity showed renewed vigor after a hospital bombing in Gaza further strained relations in the region ahead of Biden’s visit. US yields rise
Supreme Infrastructure India Limited announced that Ms. Sapna Vaishnav has resigned from the post of Company Secretary and Compliance officer of the Company with effect from September 16, 2023 due to...
Saurabh Mukherjea, Founder at Marcellus Investment Managers says HDFC Bank's current valuations are 'mouth-watering', Among other things, he believes India is gradually shifting away from 'mass consumption' to 'class consumption'.
HDFC Securities recommended reduce rating on Larsen and Toubro Technology Services with a target price of Rs 4100 in its research report dated October 17, 2023.