Axis Bank Q3 results today: What to expect, 5 things to watch out for
Axis Bank Q3 results today: Private lender Axis Bank is set to announce its Q3 results today. Analysts Expect modest growth in net interest income and profit. Net interest income is projected to rise by 1% QoQ, while profit growth is expected to be in the range of 2-5% QoQ. The bank's net interest margins may decline due to higher cost of deposits. Other factors to watch include credit costs, business growth, loan mix, and asset quality. Key Points
Economic TimesNo meaningful changes in private sector capex before elections: Sameer Bhise
Risk weight changes have been talked about for some time now. Finally, they have been put into place. Expect moderation on the unsecured side, more so with respect to some of the fintech-led originations, we Expect some bit of a moderation on that side. At the same time, over the next 6 to 12 months as these changes play out, it would allow some of the well-capitalised companies to emerge stronger. Key Points
Economic TimesTata Motors Q2 Preview: Firm to report over Rs 4700 crore profit, revenue likely to grow 30% YoY
Tata Motors Q2 Preview: Tata Motors reported a higher-than-expected net profit of Rs 3,203 crore for the quarter ended June, and revenue from operations increased 42% to Rs 1.02 lakh crore. Key Points
Economic TimesExporters see 11-13% growth in FY24
Exporters Expect a growth of 11-13% in FY24. Cotton textile and apparel exporters Expect 8-10% on-year growth in FY24. India clocked $450 billion exports in FY23. Exporters Expect business to resume fully after July, pinning their optimism on recovery in the advanced markets and improved order book. Key Points
Economic TimesAsian Paints Q2 Preview: Profit likely to surge 60% YoY; revenue growth to moderate on delayed festival de
Asian Paints Q2 Preview: Net profit is likely to show a solid growth of nearly 60% year-on-year, according to an average estimate of four brokerages. However, revenue during the second quarter is seen moderating to just 4%. Volume growth for the quarter is likely to remain moderate at 7% YoY for India decorative paints, again due to the delayed festive season. Key Points
Economic Times
ETMarkets Smart Talk: India in a sweet spot; we Expect higher allocations from FIIs in 2024: Alok Agarwal
FIIs expected to increase allocations in India due to clear growth visibility. Budget 2024 may focus on capex, indigenisation, and manufacturing. Defence, railways, power, capital goods, and real estate likely to be in focus. Pharma sector seeing a rally due to stable pricing environment and expectations of favourable generic pricing in 2024. Investors should focus on remaining invested and sticking to planned asset allocation. Key Points
Economic TimesWipro Q2 FY 24: Analysts predict decline in revenue and slowdown in hiring
Brokerages Expect Wipro’s revenue to decline in Q2. This is due to the macroeconomic slowdown and cut backs on discretionary IT spending by clients. Key Points
Business TodayTech Mahindra Q3 result preview: Revenues to decline QoQ; deal wins to be muted
Tech Mahindra Q3 result preview: Tech Mahindra is expected to see a sequential decline in quarterly revenue due to weakness in the communication vertical segment and higher furloughs. Revenue from operations is expected to decline between 1-1.4% quarter-on-quarter. Margins are likely to expand on a QoQ basis due to portfolio reshuffling. Deal wins are expected to remain muted. Investors should watch out for deal wins, pipeline from the communication vertical, pricing scenario, attrition, and outlook on growth. Key Points
Economic TimesInfosys share price slips 2% ahead of Q4FY23 earnings; experts predict muted revenue growth
Infosys' stock price tumbled almost 2% in trade on Thursday, to Rs Rs 1,402.95 ahead of the IT player's earnings result for the quarter ended March 2023. Key Points
FinancialexpressAsia shares subdued, yen firm as BOJ ponders positive rates
By Wayne Cole SYDNEY (Reuters) -Asian share markets sputtered on Monday while the dollar looked vulnerable ahead of a reading on U.S. inflation that could hasten, or delay, the start of global rate Key Points
ThePrint
Expect some consolidation over the first quarter of 2024: Karthik Kumar
Karthik Kumar says: “My fund has a good mix of PSU banks, private banks, and even non-banking players as well. PSU banks have had a good rally for the year so far. So, to that extent, the valuation differential has narrowed and now it comes down to selecting stocks on a case-by-case basis rather than looking at it as a group, as a whole.” Key Points
Economic TimesRIL Q2 Preview: A mixed bag seen with solid profit growth & subdued revenues
RIL Q2 Preview: Net profit for the September quarter is likely to show a solid growth of around 25% year-on-year, according to an average estimate of three brokerages. Revenue from operations, however, is likely to grow marginally (2-3%) or even decline by 2% to 2.25 lakh crore. Key Points
Economic TimesLTIMindtree Q1 Preview: Profit growth seen better than peers; FY24 guidance key
The company, which recently joined the Nifty club, is seen reporting a nearly 1% sequential rise in consolidated net revenue for the quarter to Rs 8,757 crore, according to the average of estimates given by 13 brokerages.However, the net profit growth will be much better than its peers given a better operational performance. The bottomline is seen rising 6.5% to Rs 1,186.40 crore Key Points
Economic TimesInvestors most underweight stocks versus bonds since 2009, BofA says
In the most bearish survey of this year — the first after banking turmoil roiled markets last month — investors indicated that fears of a credit crunch had driven up bond allocation to a net 10% overweight — the highest since March 2009. A net 63% of participants now Expect a weaker economy, the most pessimistic reading since December 2022. Key Points
Economic TimesPaytm Q3 result preview: Losses to narrow on improved operating performance; solid revenue growth eyed
Paytm Q3 result preview: Paytm is expected to post solid revenue growth for Q3. Revenue from operations may grow 32% YoY and rise 8% sequentially. Losses are expected to narrow to Rs 280 crore. Analysts Expect operating profit to increase, driven by improved contribution margin. In Q2, Paytm's revenue from operations improved 32%. Key Points
Economic Times
DMart Q3 result preview: PAT may rise 23% YoY; gross margins to expand
Avenue Supermart is expected to report healthy growth in its consolidated revenues, with revenue for the quarter ended December estimated to grow 17-18%. Net profit is likely to rise around 23% YoY. Analysts Expect DMart to report a gross margin of 14.1% and an EBITDA margin of 8.4%. Revenue growth for Dmart in Q3 is estimated at 17.2%. Key Points
Economic TimesRBI may continue pause on rate hike
All 10 economists polled by Mint Expect policy rates to remain unchanged. Most economists Expect FY24 inflation to come in lower than RBI’s projection of 5.2% Key Points
mintHCL Tech Q4FY23 results this week: Revenue may grow in double digit on healthy deal pipeline; dividend awaited
According to analysts and brokerage firms, HCL Tech is expected to clock a profit rise in the range of 3.5-15.9 per cent on-year during the fourth quarter and net sales will register an increase by around 17.6 per cent. Key Points
FinancialexpressBanking sector to deliver over 40% PAT growth in Q4; ICICI Bank, Chola Investment top buys
We estimate slippages to remain under control, which, along with recoveries, should improve the asset quality. The restructured and ECLGS books have been resilient, which along with a low SMA book will keep credit costs under control in FY23. Though, we Expect a slight uptick in credit costs in FY24. Key Points
Economic TimesET poll sees India's growth at 6.6% in Q3, 7% for FY24
Experts said the agriculture sector may have also contributed to the slowdown, even as industry and services kept the economy growing. The agricultural sector is expected to experience a pronounced slowdown due to diminished rainfall activity and subsequent declines in reservoir levels, said Rajani Sinha, chief economist at CareEdge. After a lower-than-projected kharif output, rabi sowing has exhibited a sluggish trend through most of the season, except for an uptick in the last couple of weeks, Sinha said. Key Points
Economic Times
TCS Q3 Results Preview: Revenue, PAT likely to see muted growth; demand outlook critical
TCS Q3 Results Preview: For the December quarter, TCS is seen reporting a 0.7% sequential rise in consolidated revenue to Rs 60,119 crore, and a mere 1% rise in profit to Rs 11,446 crore, according to the average of estimates given by nine brokerages. On a year-on-year (YoY) basis, the topline is expected to rise 3.3% and the bottomline by 5.5%. Key Points
Economic TimesEconomists Expect prolonged rate pause
The central bank’s monetary policy committee (MPC) opted to hold the repo rate at 6.5% following six consecutive hikes since May last year, citing the need to evaluate the effects of the past increases. Key Points
mintL&T Q3 preview: Cons PAT may surge 39% YoY on strong execution; FY24 guidance eyed
L&T Q3 preview: L&T's profit on a consolidated basis could grow by 39% year-on-year for the quarter to Rs 3,362 crore, according to the average of estimates given by seven brokerages. This growth will be led by a 17% increase in the consolidated revenue to Rs 54,255 crore. Key Points
Economic TimesInflation, wars creating risks not seen since WWII: JPMorgan CEO
The United States’ most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors on Monday that he continues to Expect the US economy to... Key Points
The Tribune IndiaForeign money to help Modi govt push near-record India bond sales
India Business News: Foreign money is expected to help the Modi government push near-record India bond sales. Global funds are showing interest in India's sovereign bonds ahead of its addition to global debt indexes. The government is expected to announce a gross borrowing of 15.2 trillion rupees for the coming fiscal year. Foreign investors have already invested more than 500 billion rupees into index-eligible debt. The growing demand from foreigners is expected to have a positive impact on the government's borrowing plans. Key Points
Times Of India
$521 mn total deal wins' the highest we have seen in Persistent Systems: CEO
Sandeep Kalra says: “In terms of industry verticals, we have said it over the past several quarters, that healthcare life sciences will lead the growth for us for the next several quarters, followed by technology companies, followed by BFSI. And that is the trend that we are seeing in our order book and that should pan out for us as well.” Key Points
Economic TimesTech Mahindra Q2 Preview: Profit to fall 42% YoY; deal wins seen muted
The communications vertical is expected to be the weakest during the September quarter. Deal wins are likely to remain soft similar to the previous two quarters, due to weak macro environment and slow decision-making of businesses. Key Points
Economic TimesInfosys Q2 Preview: Revenue seen up 5% YoY; co may retain FY24 guidance
Infosys Q2 Preview: Consolidated revenue from the quarter is seen rising only 1.4% sequentially to Rs 38,472.4 crore, according to the average of estimates given by nine brokerage firms. But on a year-on-year (YoY) basis, it is seen rising 5.3%. Consolidated net profit may rise 5% sequentially and about 4% YoY to Rs 6,240 crore, the estimates showed. Key Points
Economic TimesFed seen ending its 15-month rate hiking campaign: Survey
The Federal Open Market Committee will keep rates steady at its June 13-14 meeting at the 5%-5.25% range, though officials face a closer call in July on what to do, according to economists surveyed by Bloomberg. Key Points
Economic TimesBond yields flattish ahead of April US inflation data
Economists Expect U.S. headline CPI to hold steady at an annual 5% and core CPI to moderate very slightly to 5.5%. The numbers, due at 1230 GMT, will show whether price pressures continue to ease or remain at levels that could prompt the U.S. Federal Reserve to hike interest rates further. Key Points
Financialexpress
Will oil and rain pour over the RBI MPC decision?
Tomorrow's MPC meeting is the first in the current financial year. In FY23, the MPC had raised the repo rate by a cumulative 250 bps to 6.5 per cent. The latest inflation print, for February, stood at 6.44 per cent, breaching the upper limit of RBIs tolerance band of 2-6 per cent for the second straight month. Key Points
Economic TimesIndusInd Bank Q2 Preview: Profit likely to grow 20% YoY on solid loan growth, stable asset quality
IndusInd Bank Q2 Preview: The bank's net interest income (NII) is expected to grow 16% year-on-year (YoY), while the net profit is seen rising 20% YoY, according to an average estimate of five brokerages. The lender reported loan and deposit growth of 4% quarter-on-quarter (QoQ) in its business update. Key Points
Economic TimesAxis Bank Q1 Preview: PAT may surge 45% YoY; Citi ops integration impact in focus
On a sequential basis, analysts Expect net interest margin to dip, but it should be lesser than most other banks. Loan book, including Citibank Consumer portfolio likely to grow 2.2% QoQ. Employee cost will have a full wage impact of Citi employee post acquisition. The bank will bear operating expenses of Rs 20 billion over 18 months Key Points
Economic TimesHUL Q2 Preview: Profit likely to rise 6% YoY; revenue growth to moderate
HUL Q2 Preview: Revenue for the June-September period is likely to grow at 4%, while profit growth for the same period is seen at 6%, according to an average estimate of three brokerages. Due to the late festive season this year, analysts Expect the pipeline for festive demand (Diwali) to shift to October, hence more evident in the third quarter. Key Points
Economic TimesPicks of the day: Buy L&T, short UPL, says Rahul Sharma
Rahul Sharma's market insights cover Larsen & Toubro's potential breakout, market choppiness, smallcap and midcap index analysis, positive metal sector outlook, and Muthoot Finance's expected up-move amid cautious FMCG sector sentiment. In metals, Sharma's top picks on the long side are Steel Authority of India or SAIL as well as Hindalco. Key Points
Economic TimesDollar jumps as US consumer price inflation beats expectations
By Karen Brettell NEW YORK (Reuters) - The dollar jumped against the euro and hit a one-month high against the yen on Thursday after data showed that U.S. consumer price inflation came in above Key Points
ThePrintASML sees no short-term impact of updated U.S. rules on China exports
ASML (ASML.AS), a major supplier of equipment to computer chip manufacturers, said on Tuesday it does not Expect any short-term financial impact from newly updated guidance on U.S. restrictions on exports to China. Key Points
ReutersTop central bankers see further tightening to counter inflation
Although policy is restrictive, it may not be restrictive enough and it has not been restrictive for long enough, Federal Reserve Chair Jerome Powell said at a conference at the Portuguese resort of Sintra. His comments on inflation were largely echoed by Bank of England Governor Andrew Bailey and European Central Bank President Christine Lagarde, both of whom said they Expect more moves. Key Points
Economic TimesGTA 6 could release next year, hints Take Two Interactive
So far, Rockstar has revealed almost nothing about GTA 6 aside from tiny teasers. But Take Two's financial report could've finally provided us a tentative release window. Key Points
The Indian ExpressMacro woes, wage hikes to impact IT companies Q1 earnings; revenue growth seen muted, margins under pressure
Indian IT firms are expected to report weak earnings for Q1 of FY24 due to deteriorating macro conditions, wage hikes, and the impact of the US market. While midcaps may see some growth, large caps are expected to report flat revenue. Key Points
mint
Infosys Q4FY23 Results today: Revenue, net profit may grow in double digit on back of cloud, digital services
According to a CNBCTV18 poll, Infosys will report revenue of Rs 38,830 crore for the fourth quarter ended March 2023, as against Rs 38,318 crore in the previous quarter. Infosys will announce its March quarter results on April 12 at around 3:45 pm, followed by a press conference. Key Points
FinancialexpressTata Motors Q3 Result Preview: Consolidated PAT may surge 55% YoY on upbeat all-round show
Tata Motors Q3 Result Preview: The consolidated net profit of the automaker is seen surging a whopping 55% year-on-year (YoY) to Rs 4,589 crore, according to the average of estimates given by five brokerage houses. Consolidated topline is seen rising 21% YoY to Rs 1.07 lakh crore, and operating profit may grow 50% to Rs 14,422 crore, the estimates showed. Key Points
Economic TimesDeal wins make us extremely bullish for FY2025: Warren Kevin Harris, Tata Tech
Tata Technologies CEO Warren Kevin Harris mentioned that the company's Q3 services revenues were impacted by a customer transition in Southeast Asia. The development of two electric vehicles for a customer is nearing completion, resulting in a reduction in headcount. While some impact is expected to continue in Q4, the company remains optimistic for fiscal year 2025 due to deal wins and a strong order book. Operational efficiency and lower sub-contracting contributed to a 140 basis point expansion in EBITDA margin in Q3. Key Points
Economic TimesInside the 2024 shopping bag: Where is the Indian consumer headed?
Indian Consumers: While the affluent segment gravitated toward luxury apartments, high-end cars, and premium consumer goods, lower-income brackets grappled with inflation and rural hardships. Sales surged for luxury items, bustling malls and restaurants, alongside a spike in hotel room rates due to heightened demand. Conversely, FMCG companies faced stagnation in selling everyday items like biscuits, soaps, shampoos, and perfumes, yearning for increased consumption rates. Key Points
Economic TimesETMarkets Fund Manager Talk: Largecap stocks may outperform mid/smallcap peers in 2024: Canara Robeco MF
We Expect DII flows to continue to remain strong, given that this is a structural shift in financial savings allocation of the households in India towards financial assets as against physical assets. We Expect the FIIs to also turn constructive, if the election outcome comes as expected. We think the domestic cyclicals like financials, automobiles, part of industrials, telecom, hospitals and pharmaceuticals will continue to do well in CY24; assuming no adverse political outcome. Key Points
Economic Times
ETMarkets Smart Talk: Stock picker market! Nifty could give 10-12% return in next 1 year amid volatility:
While we Expect Nifty to give a 10-12% return over the next year, we also see volatility levels going up in the near term given uncertainties to global growth due to aggressive tightening by the US Fed. While the US Fed may not raise rates further, high-interest rates, withdrawal of liquidity by the US Fed and uncertainties over global growth will have an adverse impact on FPI flows. Key Points
Economic TimesVodafone Idea Q3 results today: Will the telecom operator pleasantly surprise or disappoint?
Vodafone Idea Ltd is expected to see a sequential improvement in performance in the December quarter. Net loss is seen narrowing from the September quarter, while consolidated revenue is expected to remain flat. Average revenue per user (ARPU) is likely to rise 1% sequentially. However, net subscribers are expected to decline. Key Points
Economic TimesVinod Karki’s 3 candidates for India’s first $1-trillion market cap company
Vinod Karki expects a peak in the profit to GDP cycle to drive the emergence of $1 trillion companies in India by 2032. He believes that companies like HDFC Bank, Reliance, and Bajaj Finance have the potential to reach this milestone based on their past growth rates and hurdle rates. However, TCS is not included in the list due to its lower earnings growth and higher hurdle rate. Valuations are currently at an all-time high, and Karki does not anticipate any further PE reratings to define these $1 trillion companies. Key Points
Economic TimesRBI to hold rates at 6.50% through mid-2024, cut seen in Q3: Reuters poll
The Reserve Bank of India (RBI) will keep its key interest rate unchanged at 6.50% for a fifth consecutive meeting on Dec. 8 as inflation worries ebb, according to a Reuters poll of economists who unanimously Expect the central bank's next move to be a cut. Key Points
ReutersIndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable
IndusInd Bank Q3 result preview: IndusInd Bank is expected to report healthy growth in net interest income (NII) for Q3, with a 16% year-on-year increase. The bank saw a 20% year-on-year growth in net advances and a 13% increase in deposits. The net profit for the quarter is expected to grow by 11% year-on-year. Asset quality is anticipated to remain stable, while loan growth and deposit growth are expected to be healthy. Key Points
Economic Times
SBI Q3 Preview: PAT may fall on higher operating expenses; NII growth muted
Net interest income is likely to grow around 6% year-on-year (YoY) in the December quarter, according to an average estimate of five brokerages. Net profit for the same period is seen declining 12% YoY. Key Points
Economic TimesETMarkets Smart Talk: India stands out in terms of growth and policy stability albeit at higher valuation:
If we were to look at consensus earnings estimates for FY24/FY25, this number has been upgraded with each passing quarter depicting the resiliency of earnings. We Expect earnings resiliency to continue and be supportive of the markets in general. Banking has been trailed by the broader indices despite strong earnings and trade at reasonable valuation; we Expect it to do well. Key Points
Economic TimesITC Q3 Results Preview: PAT may rise 2% YoY; cigarette sales volume seen steady
FMCG major ITC is seen reporting a nearly 5% YoY growth in revenue for the quarter ended December to Rs 17,016 crore, according to the average of estimates given by eight brokerages. The company's EBITDA is likely to increase 2.5% YoY to Rs 6,378 crore, and the profit may grow 2% to Rs 5,137 crore Key Points
Economic TimesTCS, Infosys to announce Q3 results today: What to track, how to trade
TCS and Infosys will release their Q3 earnings today amid expectations of weak numbers. However, bulls believe that this could be the last dull quarter before revenue growth picks up in Q4. Analysts anticipate TCS to deliver 1.5% QoQ cc revenue growth driven by large deal ramp-ups, with margin expansion driven by operational efficiencies. On the other hand, Infosys is expected to see a decline in USD revenue due to seasonal furloughs and the impact of a slowdown in discretionary tech spending. Key Points
Economic TimesWhy Finolex Indusries is expecting a pickup in H2, maintaining 15% volume guidance
Both the sectors which we participate in, the agri segment and the construction segment, are showing fairly robust growth. In the agri segment, we did see a little bit of drop in volumes, especially because of the volatility which we saw in the last part of Q2, but that has stabilized. And the last few weeks, we have seen significant pickup in demand in agri. Construction segment has been showing robust growth. Key Points
Economic Times
Axis Bank Q2 Preview: Profit may fall up to 5% QoQ on lower NII income
Analysts are building in loan growth of 3% QoQ, and net interest margins (NIMs) may decline up to 23 basis points QoQ due to the higher cost of deposits. In the recent first quarter, the bank posted a net profit of Rs 5,797 crore, up 40% YoY. Key Points
Economic TimesITC Q2 Preview: Mid-single-digit revenue growth seen on subdued paper, agri biz
ITC Q2 Preview: Diversified conglomerate ITC is expected to post mid-single-digit revenue growth in the September quarter due to subdued performance in papers and agri businesses. Revenue for the quarter is seen growing 4%, according to an average estimate of five brokerages. Net profit, meanwhile, is likely to rise by 8%. Key Points
Economic TimesExpect NCR to be strongest market for Godrej Properties; confident of delivering full year guidance: Piro
“This year, we Expect to deliver over 12 million square feet of real estate. During the year we have delivered about half of that in the first half but some of the more high-end projects and more lucrative projects of the company are slated for delivery in the fourth quarter.” Key Points
Economic TimesWipro Q2 preview: Revenue may grow just 1.3% YoY; guidance for Q3 keenly eyed
Wipro Q2 preview: Wipros consolidated net profit may rise 10.3% on year to Rs 2,933 crore in the September quarter, according to the average of estimates given by nine brokerages, and revenue is expected to grow just 1.3% to Rs 22,828 crore. Sequentially, the topline is expected to be flat, while profit is likely to rise 2.2%, the estimates showed. Key Points
Economic TimesInfosys Q4 result expectations: Revenue growth to be soft QoQ in seasonally weak quarter; 4 key things to
Infosys would be the first company to issue an FY24 guidance and would set the tone for outlook in the current fiscal. Analysts Expect the Bengaluru-based company to guide for 6-8% revenue growth in CC terms for FY24, while margin guidance should be seen at 21-23%. Key Points
Economic Times
Infosys Q4 preview: Revenue growth to be soft QoQ in seasonally weak quarter; 4 key things to track
Infosys would be the first company to issue an FY24 guidance and would set the tone for outlook in the current fiscal. Analysts Expect the Bengaluru-based company to guide for 6-8% revenue growth in CC terms for FY24, while margin guidance should be seen at 21-23%. Key Points
Economic TimesETMarkets Fund Manager Talk: Debt/balanced funds to outperform equity funds near term: Rahul Bhuskute, Bha
Closer home, high inflation, led by food presents another challenge to the markets. With the Rabi crop already affected, the worry now is that El Nino would damage prospects of Kharif sowing too. Key Points
Economic TimesStill searching? Don’t give up on love, says Simran Mangharam
The unsolicited advice can be exhausting. Loneliness can feel like despair. Remember (and I speak from past experience) there are many like yourself out there. Key Points
Hindustan TimesPre-market action: Here's the trade setup for today's session
The US Fed Chair Powell's speech will be keenly watched. We Expect the market to consolidate over the next few days until the events unfold, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Key Points
Economic TimesDollar steady versus euro ahead of ECB and US data, bitcoin in spotlight
By Harry Robertson and Wayne Cole LONDON/SYDNEY (Reuters) - The dollar held steady against the euro on Tuesday as investors looked towards the European Central Bank's rate decision and U.S. jobs Key Points
ThePrint
GIFT Nifty up 40 points; here's the trading setup for today's session
Overall we Expect the market to trade in range with positive bias. Globally investors would watch out for US & Europe Consumer Confidence Data, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Key Points
Economic TimesNifty surges to new high of 22,186, analysts Expect further upside
The NSE Nifty rose 81.5 points, or 0.37%, to close at 22,122, off its fresh all-time high of 22,186. The Sensex rose 281.5 points, or 0.39%, to end at 72,708. ICICI Bank, the country's second-biggest lender by market value, was among the top five gainers. Key Points
Economic TimesGIFT Nifty up 45 points; here's the trading setup for today's session
Global cues are muted as most of the Asian markets are closed for this week on account of Lunar New Year holidays, which kept global investors on side-line. Overall we Expect the market to consolidate with negative bias in the near term, said Siddhartha Khemka, Head - Retail Research, Motilal Oswal. Key Points
Economic TimesBudget 2024: Expect our govt will be blessed again by people with resounding mandate, says Finance Ministe
Budget 2024: Finance Minister Nirmala Sitharaman expressed optimism that the BJP-led government would receive a strong mandate from the people in the upcoming general elections for the Lok Sabha, scheduled to take place in the next few months. Sitharaman also highlighted India's successful navigation through the challenges posed by Covid-19 and the establishment of foundations for a self-reliant India. Key Points
Economic Times