Market Bizzz

“Trading in the shares of… Evergrande Property Services Group Limited has been halted at 10:19 a.m today,” the city’s stock exchange said. It also halted trading in its electric vehicle subsidiary at the same time.

On Saturday last week, YES Bank reported robust growth in profit for the December quarter, with the bottomline surging more than four times year-on-year (YoY) to Rs 231 crore. Its net interest income, the difference between interest earned and interest expended, rose 2.4% YoY to Rs 2,017 crore.

Total income rose to Rs 2,958.7 crore in the October-December period of 2023-24 financial year from Rs 1,902.4 crore in the corresponding period of the previous year, according to a regulatory filing. In the first nine months of FY24, Macrotech Developers MD & CEO said the pre-sales (sales bookings) stood at Rs 10,300 crore, showing a robust 14% year-on-year growth and remains on track to deliver full-year guidance of Rs 14,500 crore.

The Dow Jones Industrial Average fell 42.45 points, or 0.11%, at the open to 38,006.68. The S&P 500 opened lower by 5.25 points, or 0.11%, at 4,888.91, while the Nasdaq Composite dropped 35.64 points, or 0.23%, to 15,474.85 at the opening bell.

The forecast from one of the largest suppliers of PC chips weighed on Nvidia, Advanced Micro Devices, Qualcomm and Micron Technology, which fell between 0.6% and 1.7%.

U.S. equity funds saw net withdrawals of $3.04 billion in the week, the smallest in four weeks, as a Wall Street rally, led by strong tech sector gains from upbeat forecasts by TSMC and Super Micro Computer, tempered the outflows.

A Supreme Court bench, led by Chief Justice DY Chandrachud, while admitting a batch of appeals filed by Sebi, National Securities Depositories (NSDL) and National Stock Exchange of India (NSE), posted the matter for final hearing in the second week of April.