Market Bizzz

SBI has shown a strong overall financial performance with revival on retail loan book. Asset quality has also improved over the quarters. Management expects to have firm growth in coming quarters despite rising inflation and input costs.

Stocks which were in focus include names like Hindalco which closed with gains of over 9 per cent, Vedanta rallied nearly 12 per cent, and Intellect Design Arena closed with gains of over 10 per cent.

The board of Cigniti Technologies will consider and approve a proposal for buyback of fully paid-up equity shares of the company today.

Balrishna Industries reported good set of numbers especially at the topline. Volume expansion was seen across all the geographies, verticals and channels.

Asian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.84% on Tuesday, but is still down the index is down 6.7% so far this month. U.S. stocks ended the previous session with mild losses.

Bharti Airtel, Indian Oil , DLF, PI Industries, Abbott India, GMR Infra, Dr Lal Pathlabs, Kajaria Ceramics, IRB Infra, Zydus Wellness, EID Parry, Jubiant Ingrevia, Sapphire Foods and Minda Corp are among the companies which will announce their earnings today.