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上海龙凤419

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上海龙凤419

Will bulls take charge or will bears dominate Sensex, Nifty this week? 5 things to know before opening bell

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Domestic headline indices continue to witness a battle between bulls and bears last week with headline indices closing with losses during the week. S&P BSE Sensex settles at 53,760 while the Nifty 50 index closed at 16,049 — both down more than 1% in the last five trading sessions. Entering the fresh week of trade, SGX Nifty was down up with gains, zooming more than 100 points to signal a gap-up start to the day’s trade. Global cues were also positive after Wall Street ended with gains on Friday. Global watch: On Friday, Dow Jones zoomed 2.15%, followed by S&P …

上海龙凤419

Wine producer Sula Vineyards files IPO papers with Sebi

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Leading wine producer Sula Vineyards has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The public issue will be entirely an offer for sale (OFS) aggregating to 25,546,186 equity shares by the promoter, investors and other shareholders, according to the draft red herring prospectus (DRHP) filed with Securities and Exchange Board of India (Sebi). Sula Vineyards has been recognized as the market leader across wine variants, including red, white and sparkling wines. The company distributes wines under a bouquet of popular brands such as Sula, its flagship brand, besides other popular …

上海龙凤419

HDFC Bank Q1 net profit soars 21% on-yr to Rs 9,579 cr, NPAs fall; results meet estimates

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HDFC Bank reported a 20.9% on-year jump in consolidated net profit to Rs 9,579 crore in the April-June quarter, close to what analysts on Dalal Street had estimated. India’s largest private sector bank recorded a 14.5% jump in Net Interest Income (NII) to Rs 19,481 crore. Analysts had expected the lender to post robust quarterly earnings growth. The total credit cost ratio was at 0.91% as compared to 1.67% for the year-ago period. Gross NPAs were at 1.28% of gross advances in the April-June period as compared to 1.47% in the same period last year. HDFC Bank’s results show an …

上海龙凤419

Wall Street Week Ahead: Recession fears loom over US value stocks

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Fears of a potential economic slowdown are clouding the outlook for value stocks, which have outperformed broader indexes this year in the face of surging inflation and rising interest rates. Value stocks – commonly defined as those trading at a discount on metrics such as book value or price-to-earnings – have typically underperformed their growth counterparts over the past decade, when the S&P 500’s gains were driven by tech-focused giants such as Amazon.com Inc and Apple Inc. This month, however, fears that the Fed’s monetary policy tightening could bring on a U.S. recession have shifted the momentum away from value …

上海龙凤419

Export tax fails to boost retail fuel sales by private refiners

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Despite the export taxes on auto fuels, state-run oil marketing companies (OMCs) continue to bear the extra burden of ensuring steady supply of fuels. Customers are giving private retail outlets a miss because petrol and diesel are costlier at these stations by Rs 7/litre and Rs 5/litre, respectively. Nearly 60 million people visit retail fuel outlets in the country on a daily basis. India had a little over 83,000 retail fuel outlets, as of May-end, of which around 8-9% belong to private sector. On an average, OMCs cater to around 90% of the domestic transport fuel demand. A senior official …

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