Shares of LIC Housing Finance jumped nearly 5 percent in early trade on August 4 after the company reported strong earnings for the June quarter. At 9:41am, the stock was trading 3.32 percent up at Rs 411.20 on the NSE. LIC Housing Finance reported a 43 percent surge in the standalone net profit to Rs 1,324 crore… Continue reading LIC Housing Finance stock rallies 5% after Q1 net profit jumps 43%
Category: Global Economy
Nasdaq 100 futures rise as investors weigh Big Tech earnings, await key jobs data: Live updates
Nasdaq 100 futures ticked higher Friday morning as Wall Street parsed the latest earnings from big-name technology companies in the runup to a major employment report due Friday morning. Futures linked to the tech-heavy index rose about 0.72%, while S&P 500 futures climbed 0.48%. Futures tied to the Dow Jones Industrial Average climbed 92 points, or 0.26%. A deluge of… Continue reading Nasdaq 100 futures rise as investors weigh Big Tech earnings, await key jobs data: Live updates
India now top-ranked equity market, says Morgan Stanley
Morgan Stanley has upgraded its stance on India to ‘overweight’ on the back of multipolar world trends that support FDI and portfolio flows, boosted by India’s reform and macro-stability agenda that underpins a strong capex and profit outlook. The report by the foreign bank said India is now the most-favoured equity market, with relative valuations… Continue reading India now top-ranked equity market, says Morgan Stanley
Stocks to buy or sell today: Top 4 short-term trading ideas by experts for 2 August 2023
Indian market is expected to consolidate on Wednesday tracking muted global cues. The S&P BSE Sensex fell nearly 70 points while the Nifty50 managed to hold on to 19700 levels on Tuesday. India VIX was down by 1.22% from 10.41 to 10.25 levels in the previous trading session. Volatility sank during the day and has… Continue reading Stocks to buy or sell today: Top 4 short-term trading ideas by experts for 2 August 2023
Fusion Micro Finance Q1 Results: PAT shoots up 60% YoY to Rs 121 crore
Fusion Micro Finance reported a 60% year-on-year rise in net profit at Rs 121 crore for the June quarter, buoyed by business expansion and asset quality improvement. Net interest income increased by about 60% at Rs 294 crore against Rs 185 crore in the year-ago period. Total income rose 53.4% at Rs 553 crore. Pre-provision operating… Continue reading Fusion Micro Finance Q1 Results: PAT shoots up 60% YoY to Rs 121 crore