Asian shares edged up on Tuesday thanks to a bounce in battered Chinese markets, although investors were cautious after a slide on Wall Street amid diminishing expectations of a near-term Federal Reserve rate cut, which in turn underpinned the dollar.
Taking Stock: Market fails to hold gains; Sensex down 354 points, Nifty below 21,800
Top Nifty losers included UPL, Bharti Airtel, Bajaj Finance, HDFC Life and Grasim Industries, while gainers were Tata Motors, Coal India, BPCL, Sun Pharma and CiplaNifty, Sensex fall on last-hour selling; RBI meet, Q3 earnings eyed for cues
The broader market was mixed. The BSE Midcap index was up marginally higher, while the smallcap index traded 0.3 percent lowerMid-day Mood | Sensex, Nifty muted as post-Budget rally loses steam
Stellar gains in the previous session in addition to stronger-than-expected US jobs data for January prompted investors to refrain from placing aggressive bets in the market.Investors dig into India’s stock market as China flounders, discount risks
India’s $4 trillion stock market is pulling in billions of dollars of domestic and foreign money as investors flock to a fast-growing alternative to China, brushing aside risks around overpriced shares, upcoming elections and regulatory uncertainty.
Gold inches lower as traders rethink early rate cut bets
Gold prices edged lower on Monday, as the dollar and Treasury yields jumped after a blowout U.S. jobs report dashed hopes for early interest rate cuts from the Federal Reserve.
Positive Breakout: Havells India and 5 other stocks cross above their 200 DMA
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
SBI takes hit from wage, pension provisions as profit falls
Chairman Dinesh Khara however reiterated the bank’s target of maintaining a return on equity (RoE) of 15% on a sustainable basis even as he maintained that the bank will continue to record loan growth of 14% to 16%.
Goodluck India’s net profit grows 72% to Rs 32 crore in Q3
Steel products maker Goodluck India Ltd on Saturday posted a 72 per cent rise in its consolidated net profit at Rs 31.75 crore during the quarter ended December 2023, aided by higher income. It had clocked a net profit of Rs 18.40 crore during the October-December period of preceding 2022-23 financial year, the company said in a statement.
Reliance Power Q3 net loss widens to Rs 1,136.75 crore
The company’s total income increased marginally to Rs 2,001.54 crore in the reporting quarter compared to Rs 1,936.29 crore in the year-ago quarter.