8:57 AM
Capital cover drive: India’s $100 billion knock evens score with China
The depth and size of Indian markets have significantly increased since the pandemic, boding well for their ability to attract and absorb global capital flows. India now boasts 100 stocks with a market capitalisation (mcap) above $10 billion, nearly on a par with China, which has 124 largecap members of the CSI 300 Index. READ MORE
8:52 AM
Fund houses’ ticker-tape parade of fiscal success on the D-Street
The financial numbers for 2023–24 (FY24) of the four pure-play listed asset management companies (AMCs) have enthused the Street. All firms listed robust growth in net profit and revenue both during the January-March quarter (Q4) of FY24, as well as in full FY24. READ MORE
8:47 AM
Monetary policy expectations impact stocks more than rate moves: RBI paper
According to a working paper prepared by RBI officials, the regulatory and development measures which are announced along with the monetary policy too impact the stock markets. READ MORE
8:43 AM
Broking industry aims to double customer count in 2 years: Dhiraj Relli
HDFC Securities, launched as a joint venture between HDFC Bank, HDFC, and Indocean eSecurities, celebrates its 25th-year milestone. HDFC Securities recently introduced HDFC Sky — a flat-price broking application — as a strategic response to the emerging threat from discount brokerages. DHIRAJ RELLI, managing director and chief executive officer of HDFC Securities, in an email interview with Sundar Sethuraman, delves into the broking house’s journey and highlights key trends in the broking industry. Read edited excerpts
8:39 AM
Street Signs: SFBs dive into universal banking waters, Sebi’s blank canvas
Shares of small finance banks (SFBs) will remain in focus in Monday’s trade after the Reserve Bank of India issued guidelines for their conversion into universal banks. Among the criteria laid down on Friday are a minimum networth of Rs 1,000 crore, a profitability track record, gross non-performing loans of less than 3 per cent, and a net non-performing asset of less than 1 per cent in the past two financial years. READ MORE
8:35 AM
Early bird top line growth fastest in four quarters; BFSI leads the charge
The 178 companies (excluding their listed subsidiaries) that declared their results till Saturday have reported a sales growth rate of 13.2 per cent year-on-year (Y-o-Y), taking aggregate revenue to Rs 9.1 trillion.Including other income, growth is at 16 per cent, the highest in the last four quarters. READ MORE
8:31 AM
CII-IGBC expects surge in private capex, FDI after Lok Sabha polls
India will see a surge in private capital expenditure (capex) and foreign direct investment (FDI) after the conclusion of the ongoing elections, according to the top industry body Confederation of Indian Industry (CII)-Indian Green Building Council (IGBC). READ MORE
8:26 AM
Banks may have to slow down loan growth in FY25: S&P Global Ratings
Generally, loan growth has been led by private sector banks which see around 17-18 per cent growth, public sector banks on the other hand see loan growth in the range of 12-14 per cent. READ MORE
8:22 AM
RBI’s tight grip on Rupee boosts its allure for carry trades: Fidelity
The rupee rewards investors with a high yield than regional peers, and together with low volatility, makes it arguably one of the most attractive currencies on the planet, Paul Greer said in interview. READ MORE
8:13 AM
Market outlook: Nifty exhibits bearish trend, adopt ‘sell on rise’ strategy
Market trading strategy: A suitable stop-loss level for the Nifty50 index could be placed at 22,675, providing a buffer against potential losses. READ MORE
8:05 AM
Stock to Watch, April 29: ICICI Bank, HCL Tech, YES Bank, Ircon, Maruti, Cipla
Stocks to Watch on Monday, April 29,2024: The net profit of private lender ICICI Bank rose by 17.4 per cent to Rs 10,708 crore in the fourth quarter of financial year 2023-24 (Q4FY24). READ MORE
