Latest Stock Market News

Bajaj Finance reported a strong 20% year-on-year growth in new loan bookings in the quarter ended March, with the figure touching a record high in FY23.

Jain has grown Fort Lauderdale, Florida-based GQG by going against the tide of what he calls “comfort investing” — making decisions by committee rather than taking risks on undervalued public shares.

Gasoline inventories fell by about 4 million barrels, while distillate stocks fell by about 3.7 million barrels, according to the sources, who spoke on condition of anonymity because they were not authorised to speak to the media.

The softer-than-anticipated jobs data led to the markets tweaking its outlook for rate hikes. Markets are now pricing in a 59% chance of the Fed standing pat on interest rates at its next policy meeting in May, CME FedWatch tool showed. Markets were pricing in a 43% chance of Fed not raising interest rates a day earlier.

The S&P 500 energy sector index surged after Saudi Arabia and other OPEC+ oil producers announced unexpected output cuts that could push oil prices toward $100 a barrel. Chevron Corp, Exxon Mobil Corp and Occidental Petroleum Corp all rallied strongly.

ASIFMA describes itself as an independent, regional trade association comprising over 165 leading financial institutions from both the buy and sell sides, including banks, asset managers, professional services firms and market infrastructure service providers.

ASIFMA describes itself as an independent, regional trade association comprising over 165 leading financial institutions from both the buy and sell sides, including banks, asset managers, professional services firms and market infrastructure service providers.

Usually, the discount should narrow ahead of the closure of the merger and not widen, but what defies this logic is the continued selling of Indian equities by overseas funds, especially in banking and finance stocks.

Usually, the discount should narrow ahead of the closure of the merger and not widen, but what defies this logic is the continued selling of Indian equities by overseas funds, especially in banking and finance stocks.

>> For more such web stories click on the ET icon below