Market Bizzz

SBI Cards and Payment Services on Friday reported 10.15 per cent increase in net profit at Rs 445 crore for the second quarter of the current fiscal.

Hindustan Coca-Cola Beverages Ltd, the bottling arm of beverage major Coca-Cola in India, reported a 73 per cent decline in net profit to Rs 756.64 crore in FY2024-25.

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.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Tata Motors is set for a busy trading day after announcing a significant festive season sales surge. The company delivered over 1 lakh vehicles between Navratri and Diwali, a 33% year-on-year increase, driven by strong demand for its SUV range and electric vehicles. This performance sets a positive tone for the remainder of the fiscal year.

Oil prices are experiencing a second day of increases, spurred by sanctions and evolving trade negotiations. After recently touching a five-month low, the US has set its sights on acquiring oil to enhance its strategic reserves. Market hesitations persist as supply issues in vital regions continue to inhibit price declines. As the US-China trade talks unfold, investors remain vigilant.

Economists polled by Reuters anticipate the Federal Reserve will implement two 25-basis-point interest rate cuts this year, with the first expected next week. This shift in forecast reflects a growing concern among policymakers about the labor market’s weakening, despite ongoing inflation risks. However, significant division exists regarding the Fed’s rate trajectory by the end of next year.

Japan’s financial landscape is becoming a hotspot for investors once more, thanks to an invigorated government promising fiscal stimulus and tax incentives. Global fund managers are enticed by the prospect of diversifying their portfolios away from the inflated markets of the U.S. and Europe.