Latest Stock Market News

Brokerage Motilal Oswal Securities expects the life insurer to report a net profit of Rs 301 crore for the quarter compared with Rs 63.80 crore in the same quarter last year. This is even as the first year premium is seen falling 9.1 per cent YoY to Rs 1,845 crore from Rs 2,029.30 crore. Renewal premium is seen rising 3.3 per cent to Rs 7,141 crore from Rs 6,912.60 crore. Overall, net premium income is seen at Rs 11,6964, down 1.5 per cent YoY.

According to the binding agreement, Black Rock Real Assets will invest the funds by equity and compulsorily convertible instruments for a 10.53 per cent stake in Tata Power Renewables, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.8 per cent to 11.4 per cent on final conversion.

Inflation has been making a comeback all over the world for the last few quarters. It started with the rally in commodities, specially oil and metals, post Covid in 2020 after a 10-15 year period during which various commodity prices had remained largely subdued. After some ups and downs in 2021, the prices started to accelerate around the beginning of the new year.

Poyraz has over 17 years of experience in compliance, strategy, intergovernmental liaison and risk management. This includes designing sophisticated techniques and programs to prevent, detect and report sanctions evasion attempts and money laundering schemes, notably in the traditional financial sector. Poyraz is also a member of the Association of Certified Anti-Money Laundering Specialists and the Association of Certified Sanctions Specialists.

The private lender’s December quarter results had disappointed Street on the fee income front and, thus, fee income would be a key parameter to monitor this Saturday. Besides, one would also watch out for any commentary on the credit card segment and update on the proposed merger of HDFC with self.

While this week saw the hottest readings on inflation in four decades, it also featured conspicuous signs of resilience, including a bounce on Wednesday that pushed the S&P 500 up the most since last month. Two-year Treasury yields eased in three of four sessions, while industrial stocks held firm and volatility benchmarks were unmoved.

"Metals space especially Hindalco and Tata Steel are looking weak whereas largecap banking names barring HDFC Bank are showing signs of strength. Mid and small-cap space has not shown signs of any major weakness now and stock-specific action has been the name of the game. However, for the short-term investors, a big exposure in the space can be avoided as of now."

In one of the largest decentralised finance (DeFi) breaches yet, hackers stole cryptocurrencies worth $625 million from Ronin in March. The Blockchain platform and Axie Infinity operator Sky Mavis admitted the security breach, saying that 173,600 Ethereum and 25.5M USDC (a cryptocurrency pegged to the US dollar) were drained from the Ronin bridge in two transactions.

According to sources familiar with the contents of the lawsuit, SAIL has accused Jaiprakash Associates of pledging shares of Bhilai Jaypee Cement without its authorisation to Yes Bank for loans that were obtained by other Jaypee Group companies.

If Musk chooses, he may be able to turn Twitter into a so-called meme stock. Last year firms like AMC Entertainment Holdings Inc. and GameStop exploded, after retail investors flooded social media forums, causing shares to go haywire. And Twitter is arguably the meme-ish of all stocks. It’s where most of them are made.