Top of gainers on the Sensex were banking stocks with HDFC Bank leading the pack followed by SBI, IndusInd Bank, ICICI Bank & Axis Bank rallying over 3.5%
Net Interest Income rose by 18.89% to Rs 27,067 crore in Q4FY21 compared to Rs 22,767 crore in Q4FY20
Steady growth in electricity consumption alongside stronger capex discipline and distribution sector reforms are the key levers for the sector
The management has set an ambitious outlook on double-digit ad revenue growth in FY22
29 out of 30 stocks were trading in the green. IndusInd Bank, SBI, ICICI Bank, Kotak Mahindra Bank and HDFC Bank were trading with gains of over 1%. On the downside, Powergrid was down about a per cent.
The rout on May 19 created panic among investors, leading to exchanges like Coinbase and WazirX witnessing temporary shutdowns
At close, the Sensex slipped 337 points or 0.68% at 49,564, and the Nifty ended at 14,906 tanking 124 points or 0.83%. The Nifty Metal index sunk over 3 per cent with Tata Steel, Steel Authority of India (SAIL), and Jindal Steel and Power (JSPL) sliding 5% each.
Brokerages expect a sharp improvement in the company’s underlying operating performance, while risk-reward remains attractive
Titan, M&M, Asian Paints, ICICI Bank and L&T were the top gainers on the Sensex. On the downside, ONGC, Sun Pharma, Axis Bank, Bajaj Finance and Bharti Airtel lost up to 2.50%.
India’s organized food services market is expected to grow at about 10.5% CAGR to $37 billion over FY2020-25E, capturing a 46% market share, up from 40% at present