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May 2, 2022 5:30 PM

Most metal companies to report positive financial results: Hemang Jani

Hemang Jani of Motilal Oswal Financial Services expects believes suggests investors to avoid the metal space "till we get a little bit of clarity in terms of where the prices are stabilising".

May 2, 2022 5:28 PM

Market At Close | Sensex, Nifty50 recover most of day's losses

Here are some highlights:

--HDFC twins lead financial stocks higher, help Nifty50 rebound nearly one percent from day's low

--Nifty Metal top gainer among sectoral indices

--IT, consumer durable indices fall the most

--Auto stocks remain under pressure on subdued sales

--Bajaj Auto and Eicher slip three percent

--IT stocks remain weak on muted earnings

--Wipro amongst top Nifty losers

--Tata Steel up two percent, Titan down three percent ahead of earnings

--HDFC near day's high after better-than-expected quarterly results

--Dixon Tech falls nine percent, top midcap loser after ED seizes Xiaomi assets

--Astra’s entry into paints fails to boost sentiment, stock down four percent

--Can Fin Homes, Tata Chemicals surge on strong quarterly numbers

--Power-exposed stocks rise on strong demand, Coal India up two percent

--Market breadth in favour of the bears

May 2, 2022 5:22 PM

Rupee ends at 76.52 vs US dollar

The rupee ends lower at 76.52 against the greenback. On Friday, it had settled at 76.43.

May 2, 2022 4:57 PM

Market At Close | Eicher, Apollo Hospitals, Titan, Bajaj Auto, Wipro top blue-chip laggards

SBI Life, Tech Mahindra, ONGC, Infosys and Asian Paints are also among the top losers.

On the other hand, IndusInd, Coal India, PowerGrid, Tata Steel, ITC, BPCL and the HDFC twins rise the most among the 18 gainers in the Nifty50 basket.

Here's what the 30-scrip pack looks like:

May 2, 2022 4:24 PM

Closing Bell | Sensex down 85 pts, Nifty at 17,069

Both headline indices finish the day 0.2 percent lower. The Sensex sheds 84.9 points to end at 56,976 and the Nifty50 settles at 17,069.1, down 33.5 points from its previous close.

May 2, 2022 3:57 PM

Fino Payments Bank shares fall 7% after promoters vote against reappointment of chairman

Fino Payments Bank shares fell on Monday after the company's parent, Fino Paytech, voted against a resolution to reappoint its Chairman and Independent Director Mahendra Kumar Chouhan and Independent Director Puneeta Kumar Sinha.

May 2, 2022 3:28 PM

Geojit reports flat nos in Q4; full-year net up 21 pc at Rs 154 crore

Geojit Financial Services on Monday reported a net income of Rs 36 crore for the March quarter, down marginally from Rs 37 crore a year ago, on lower income due to the market volatility. The Kochi-based brokerage said its quarterly revenue was flat at Rs 123 crore, while net income inched down 3 percent from the previous comparative quarter.

May 2, 2022 3:21 PM

GE Power India bags contract worth Rs 863.4 crore

GE Power India Limited has been awarded a contract with a basic price worth approximately Rs 8,634 million (i.e. approximately USD 113 Million) by GREENKO KA01 IREP Pvt. Ltd to design, engineering, model testing, manufacture, shop testing, packing, supply, insurance, transportation and deliver at project site, of complete Electro-Mechanical Package from Main Inlet Valve (MIV) to LV Terminal connection of Generator Transformer including critical and mandatory Spares" for 3 x 320 MW + 2 x 160 MW (total 1280 MW) Vertical Francis Pump Turbine Fixed Speed Machines at Saundatti, Belagavi, Karnataka India.

May 2, 2022 3:14 PM

HDFC gross NPAs decline by 41 bps sequentially to 1.91%

May 2, 2022 2:44 PM

HDFC shares extend gains after strong earnings

The stock of the mortgage lender rises by Rs 38.6 or 1.7 percent to Rs 2,266.8 apiece on BSE. (Read more on HDFC earnings)

May 2, 2022 2:19 PM

IDBI Bank's quarterly net profit jumps 35% to Rs 690.6 crore

IDBI Bank shares jump as much as 2.2 percent to Rs 46.4 apiece after the lender reports its financial results for the January-March period. Its net profit comes in at Rs 690.6 crore for the three-month period as against Rs 512.2 crore for the corresponding period a year ago.

IDBI Bank's net interest income -- or the difference between interest earned and interest paid -- declines 25.3 percent to Rs 2,420.5 crore.

Its asset quality improves. The lender's net NPAs as a percentage of total loans shrinks to 1.27 percent from 1.7 percent in the previous quarter.

May 2, 2022 1:59 PM

Here's what the BFSI basket looks like

May 2, 2022 1:43 PM

Nifty IT down 2%, top loser among sectoral indices

May 2, 2022 1:24 PM

Have been generally positive on IT for 2 years: Aniruddha Naha

Aniruddha Naha, Head-Equities at PGIM India Mutual Fund, is of the view that some correction was due in the IT space because of the price-to-earnings ratios that had expanded dramatically over the last two years. "Given the present macro situation, where there is so much of uncertainty across a lot of industries, this is one sectors where we clearly see growth, at least for the next 6-8 quarters. Yes, margin compressions are there, but I guess the margin compression in this sector is going to be relatively lower than a lot of other sectors where results are going to come out," he says.

"From an earnings visibility perspective, and from a valuation perspective, which have corrected vis-a-vis the top, this will be a sector where we would continue to add on in every correction. We believe this will be one sector that will be pretty defensive, especially where the market sentiment seems to be pretty negative," he adds.

May 2, 2022 1:20 PM

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