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Analysts said a further decline in the special mention account (SMA) book would be a key thing to watch for in the quarter. They believe that an eye on the progress of ARC, the vehicle that the bank would use to clear out its outstanding stock of non-performing loans (NPLs), would also be noteworthy.

Jeff Bezos loses $21 billion as Amazon shares slump

Updated at : 2022-04-30 11:35:01

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Shares of the e-commerce company were down 14% on Friday after it reported a quarterly loss and the slowest sales growth since 2001. Bezos’s net worth fell to $148.4 billion, according to the Bloomberg Billionaires Index, from a peak this year of more than $210 billion.

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The worst fall was seen in TV18 Broadcast, which lost 25 per cent or a fourth of its value last week, to Rs 53.70 apiece. Bodhi Tree Systems is set to raise and invest Rs 13,500 crore in Viacom18, a 51:49 joint venture between Reliance Industries-owned TV18 and Paramount Global.

Is NFT mania here to stay?

Updated at : 2022-04-30 11:35:01

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Many investors now deem NFTs as legitimate investments. But much of the NFT market lacks structure.

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The BSE Bankex gained 9.5% in the past one year compared to a 15.8% rally in the Sensex. The underperformance of banks has been on account of a lack of growth and rich valuations, especially retail lenders.

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The S&P 500 has gained or lost 2% or more in a day some 32 times so far in 2022, compared to 24 such days in all of 2021.

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According to HDFC Securities Research Analyst Dilip Parmar, the rupee appreciated on the expectation of better inflows, a retreat in the dollar index and a rebound in risk assets.

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The BSE Sensex ended the week at 57,060.87, down 850.81 points or 1.47 per cent. The NSE Nifty50 fell 291 points or 1.67 per cent for the week to 17,102.55.

Wall Street falls at open as Amazon weighs

Updated at : 2022-04-29 22:20:02

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The Dow Jones Industrial Average fell 129.4 points, or 0.38%, at the open to 33,787.01.

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On whether there is enough money on the table, he said, "It is based on the perception of the market. LIC is starting at low VNB and has potential to grow".

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