The company recorded its highest ever quarterly retail disbursements of ‘13,499 crore, up 32%, on strong growth across retail segments enabled by digital and data analytics. Retail portfolio mix now stands at 88% of the total loan book against the company’s target of 80% by 2026.
Taking stock: Sensex dips for the third day, Nifty slips below 19,550
The indices also suffered from surging US bond yield which will led to outflow from emerging markets like IndiaChina leaves benchmark lending rates unchanged as expected
“Economic activity has stabilised and authorities can afford to wait a while before deploying more monetary easing down the road,” emerging market analysts at TD Securities said in a research note.
We are very confident that H2 will be better than H1 of FY24: LTIMindtree CEO
“Our pipeline is very strong. We are closing deals every quarter. But having said that, we need to also account for the fact that many of the deals the decision cycles are very long. That is something which is worrying us and typically there is always a budget flush in Q3 because clients try to spend a little more but this particular year, we are not seeing that.”
LSE outage halts some trading; blue chips spared
“The quicker we can get some news on what caused the incident, the quicker the market will be able to move on,” she said. “We may see a little bit of volatility at the open tomorrow.”
Taking Stock: Bears tighten grip as Nifty slips below 19,650; Sensex falls 248 points
On the sectoral front, bank, metal, power, realty, oil gas and pharma down 0.3-0.9 percent, while auto index up 0.5 percent.India most preferred EM market, South Korea downgraded: Morgan Stanley
India has been structurally outperforming MSCI EM by 45.5 percent, in dollar terms, from early 2021 until October 2022, and Garner expects this outperformance to continue.Mid-Day Mood | Spike in US bond yields pushes indices into red; corporate earnings in focus
Even in a day of weak market action, gains in select blue-chip stocks powered by their stellar July-September earnings helped the benchmark indices recoup some of their losses and come off the day#39;s lows.ETMarkets Smart Talk: Israel-Hamas conflict could result in long term inflationary headwind: Naveen Kulkarni
“Geopolitical events have long-term consequences for equity markets, but they are difficult to quantify. These challenges often result in higher inflation, particularly in the form of higher crude oil prices. The crude oil price vector will be critical to assessing the long-term impact. Geopolitical concerns may put pressure on commodity prices, but a strong up-move is unlikely. SIP flows remain strong, and as long as investors focus on their risk tolerance, selecting mutual fund schemes should not be a challenge.”
Feroze Azeez on why Indian market has nothing to fear from US 10-year breaching 4.8%
“Option in an election year should be priced at Rs 900 but it is priced at Rs 350. It cannot come so cheap in an election year after a rally of about 16% on the index. This is a little out of the box, it is not a fundamental risk but a technical risk.”