Latest Stock Market News

PNB Housing Finance reported a 64% rise in consolidated net profit at Rs 279 crore in the quarter ending March 31 over Rs 170 crore in the year ago period. Net interest income rose 57% to Rs 593 crore, while net interest margin increased to 3.74%. Pre provision operating profit rose 32% year-on-year to Rs 487 crore, but was 22% lower sequentially. Its total loan portfolio grew 2% to Rs 59,273 crore at the end of March

Zomato is an online food delivery platform. The company is expected to report tepid sequential revenue growth for the quarter ended March, mainly on account of lower food delivery orders. Revenue is expected to grow by a meagre 2.2% quarter-on-quarter to Rs 1,991 crore in the March quarter. However, revenues for the quarter are seen growing 64% year-on-year

Nuvama Quantitative and Alternative Research has identified at least 8 stocks that could make an entry into the large-cap category during the upcoming market capitalisation-based categorisation review by the Association of Mutual Funds in India (AMFI). These include IDBI Bank, two others - Punjab National Bank and Canara Bank - and recently listed Mankind Pharma

The Dow Jones Industrial Average fell 46.21 points, or 0.14%, at the open to 33,374.56.

Spot gold prices in the Delhi markets traded at Rs 60,070 per 10 grams, down Rs 480 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.In the international market, both gold and silver were quoting lower at USD 1,975 per ounce and USD 23.60 per ounce, respectively.

Sebi is proposing to tweak the definition of unpublished price sensitive information (UPSI) to bring regulatory certainty and uniformity in compliance for the listed companies in respect of the identification of certain events as UPSI. The proposal came after the regulator noticed that "judgment exercised by the listed entities in terms of the categorising announcement as UPSI and consequent compliance with the spirit of the law, are not found to be adequate". In its consultation paper, Sebi suggested that the current

Indian equities ended lower for the third straight session on Thursday even as most global markets were resilient. Sensex ended the weekly expiry session down 129 points, while Nifty settled at 18,130, down 52 points.

On the debt front, there are a variety of funds which offer you higher yields and that is a space also where we are seeing a lot of capital flows which are moving. So, a rise in number of HNIs in the country with a higher risk appetite and desire to invest some portion of their net worth into specialised products like private equity, unlisted or the private credit space and therefore you are seeing a lot of growth in the category II.

When you think about these funds, then firstly, I would not think of them as pure replacements for fixed income funds. I think that should be very clear to investors because clearly, they carry a quarter of the portfolio in equity risk.

Airtel Payments Bank (APB) reported a 141% on-year jump in net profit to Rs 21.7 crore in FY23 on the back of strong growth in its transacting user base and gross merchandise value (GMV). Revenue growth was strongest in the fiscal fourth quarter, rising 19% sequentially to Rs 379 crore. Customer deposits grew 59% on-year to Rs 1,865 crore, fuelled by a healthy addition of new users, APB said in a