Latest Stock Market News

"We now do not expect any negative surprises. If anything, the surprises will only be pleasant. I can confidently say that our performance will only improve from here on. We are seeing growth in both corporate as well as retail loans and our provisions are also among the highest in the industry, so we are very well placed," Sharma said.

This Diwali, brokerages have selected some of the promising stocks as their top picks which on technical parameters have the strength and potential to yield decent returns in the next one-year time frame.

" Whatever teams are leading now around the world -- mental health is crucial. This was huge before the pandemic, but even more important now. First, we must create cohesive, inclusive environments and communities."

According to reports, over the last 20 years (March 2001-2020), Nifty has given 15.23% CAGR returns, whereas gold has given 12.52%, while FDs have given 7.1% average returns. Equity offers immense opportunities to invest and increase the value of your investment. Investors can diversify their investments with minimum investment and own shares in small, mid, and large companies or buying index funds that help them buy all companies through a single fund.

" For Yes Bank, the near-term support of Rs 15 is looking strong and maintaining above the significant 50 EMA level of Rs 15.90 would imply a further upward move for short-term targets of Rs 18-19 levels. Further, if a decisive breakout occurs, then one can anticipate fresh further upside moves."

The oil-to-retail-to-telecom conglomerate reported a ₹15,512 crore net profit in the quarter, almost unchanged from ₹15,479 a year earlier and down 20% from ₹19,443 crore in the June quarter.

Axis Bank delivered surprises at one go. Sustenance of performance hereon to drive further rerating," said ICICI Securities in a client note. "The Q2FY23 earnings surpassed our and consensus expectations by a wide margin. Surprise on NIM and visibility on sustainability of operating performance compel an earnings upgrade of 13% and 8% for FY23e and FY24e."

The Fed is expected to raise interest rates another three-quarters of a percentage point at its upcoming meeting in November. Markets have been unsettled partly because investors have been hoping that any sign of inflation easing or economic growth slowing could signal that the Fed will ease up on its rate increases, which have yet to show any signs of significantly impacting inflation.

It was the fourth most-traded stock on the day, with volumes surging three times. Combined volumes on the NSE and the BSE exceeded 30 million shares, compared with an average volume of 10 million shares on both bourses over the past one month. The counter saw a nearly 36% drop in outstanding positions Friday to 55 million shares across all contracts.

Brokerages expect loan growth to see healthy traction and margin to witness expansion to 4.1%. Credit cost is seen as remaining stable and slippages may moderate. Commentary on asset quality is a key monitorable.