Latest Stock Market News

“I think it is a good time for BFSI segment. We did see a glimpse of that when the life insurance, ICICI Prudential came out with their results, it is part of BFSI and we have been positive on insurance. We will see the gold loan companies, insurance, some of the AMCs and some of the banks coming up with much better than expected performance.”

Page Industries Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 50967.57 Crore) operating in Apparels sector.

On the other hand, Schaeffler India will go ex-dividend today. The company had announced a final dividend of Rs 16 per share. The record date for the same is April 21. IDFC will also go ex-dividend today. This NBFC had announced an interim dividend of Re 1.

Regression analysis suggests that surplus liquidity has a sobering impact while greater uncertainty hardens the forward premia, more so in the short term, according to a study titled "What Drives the Forward Premia – An Analytical Perspective" published in its latest monthly bulletin.

State refiners have bought more than 15 million barrels of Russian crude from traders as well as Russian firms since the outbreak of war, paying in dollars using regular banking channels, they said. The Ukraine invasion began February 24.

In comparison, Zerodha reported overall revenues of Rs 2,729 crore in FY21, clocking a steep rise in profits at Rs 1,122 crore, in the same fiscal. In FY20, Zerodha’s overall revenues stood at Rs 938.5 crore with profits standing at Rs 424 crore, according to the company’s public filings.

Almost all lenders are now likely to follow the SBI in raising their benchmark rates, with the Reserve Bank of India (RBI) likely tightening monetary conditions to restrain inflation.

The Dow Jones Industrial Average fell 39.54 points, or 0.11%, to 34,411.69, the S&P 500 lost 0.9 points, or 0.02%, to 4,391.69 and the Nasdaq Composite dropped 18.72 points, or 0.14%, to 13,332.36.

The Japanese yen hit a 20-year low against the dollar on Tuesday, supported by high U.S. Treasury yields and likely comparatively good U.S. economic data this week. The dollar rose 0.37% on the yen to 127.44 yen in early trade, its highest level since May 2002.

L&T Infotech, ACC, Mastek, PCBL, Tata Steel Long Products, Benares Hotels, Godavari Drugs and Longview Tea Company are among companies that will announce their March quarter results today.