HImFasHIon: 2021-01-24

Saturday 30 January 2021

Rough ride for Indian stocks likely to continue even after Budget

The Sensex had a blistering advance last quarter -- even as data showed that the economy had plunged into recession -- led by record inflows from foreign investors

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BSE becomes first exchange to execute deliveries of Gold mini contracts

The BSE has become the country's first exchange to complete deliveries of Gold mini contracts under BSE-BIS India Good Delivery Standard

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Friday 29 January 2021

Markets have been swinging an average 3% on budget day

Stocks tend to gyrate on budget day as investors decipher the impact of various announcements the FM makes in the budget speech

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Market Wrap, Jan 29: Here's all that happened in the markets today

Sell-off intensified at the bourses after the Economic Survey pegged India's GDP growth in FY21 at -7.7 per cent but saw real GDP growth at 11% in FY22

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Brookfield launches Rs 3,800-cr IPO for its real estate investment trust

Brookfield is an alternative asset manager

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Sun Pharma gains 6% on good Q3 results, Rs 5.50 per share interim dividend

Analysts had expected the revenues to grow around 6 per cent YoY and Ebitda margins expected to improve 42 bps YoY to 23 per cent

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GDP growth, fiscal deficit: Economic Survey nos in line with expectations

India's economy, as per the Economic Survey, could contract 7.7 per cent in FY21, pulled down mainly by the Covid-19 pandemic and the ensuing nationwide lockdown to contain the spread of the disease

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IIFL Finance hits 20% upper circuit post December quarter results

Net interest income of the company grew 57 per cent YoY to Rs 573 crore

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ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability

The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook

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Havells India slips 10% on heavy volumes after rallying 32% in a month

Till 01:42 pm, a combined 8.64 million equity shares, representing 1.4 per cent of total equity of Havells India, had changed hands on the NSE and BSE

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Thursday 28 January 2021

Colgate Palmolive surges 6% on strong sales growth in December quarter

Given the sharp decline in commodity cost, gross margins expanded by 420 basis points

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Maruti Suzuki dips 7% in two days post Q3 results on margin concerns

The stock was trading lower for the sixth straight trading day, having fallen 10 per cent during this period

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Indian Railway Finance lists at 4% discount over issue price in tepid debut

At 10:44 am, IRFC was quoting at Rs 25, after hitting a high of Rs 25.50 and a low of Rs 24.30 on the BSE.

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Shriram Transport Finance soars 15% on improvement in asset quality in Q3

The company's PAT during the quarter under review declined 17 per cent YoY to Rs 728 crore due on the back of higher Covid-related provisioning

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TVS Motor surges 10% after posting highest-ever revenue, profit in Q3

TVS Motor Company's operating performance was driven by price hikes, a favorable mix, and lower other expenses, Motilal Oswal said in a report

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Top corporate bond arranger expects spreads on highest-rated notes to widen

"We think the RBI will guide liquidity toward more normal settings, which could lead to spreads widening on corporate bonds," ICICI Bank's top official said

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Stocks to watch: IRFC, Tata Motors, IRCTC, TVS Motors, IndiGo, Airtel

InterGlobe Aviation reported a net loss of Rs 620 crore in the third quarter of pandemic-struck 2020-21 financial year

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What to expect from December quarter results of Tata Motors today

According to the monthly sales data, Tata Motors sold 1.5 lakh units in the domestic markets, up 24 per cent on a year-on-year (YoY) basis, during the quarter under review

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MARKET LIVE: Sensex gains 300 points in pre-open, Nifty above 13,850

Stock market LIVE updates: As per a Bloomberg report, India is predicting that the economy will expand 11 per cent in the year starting April

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Market Ahead, January 29: All you need to know before the opening bell

Shares of IRFC will debut on the bourses today. The issue that ran between January 18-20 was subscribed 3.49 times

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Gold set to post weekly, monthly decline on firmer dollar rising 0.2%

Spot gold was unchanged at $1,840.91 per ounce by 0058 GMT. Prices were down 0.6% for the week and 2.9% for the month. U.S. gold futures rose 0.1% to $1,839.70

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Tech Mahindra Q3 preview: Analysts expect up to 3% YoY decline in profit

Despite the headwind of furloughs and rupee appreciation, margins of growth for Tech Mahindra is expected to be flat in Q3FY21

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Here's a Bull Spread strategy on Tata Power by Nandish Shah of HDFC Sec

The stock price of Tata Power has witnessed running correction of 10 per cent from the recent high and has reached to a support level which, HDFC Securities believes, is a good buying opportunity

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Three PSU stocks that Nilesh Jain of Anand Rathi is bullish on

The momentum indicators and oscillators have reached the oversold territory in IRCTC stock, and are showing signs of reversal

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Gold price falls for 2nd day to Rs 48,800/ 10 gm, silver at Rs 66,000 a kg

In New Delhi, the price of 22-carat gold dropped by Rs 100 to Rs 47,800 per 10 gm. In Mumbai, the rate dropped to Rs 47,800 according to the Good Returns website

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Over 80% of BSE stocks slide after the historic high, shows data

The Sensex, too, has fallen by 6 per cent, ending Thursday's session at 46,874.36

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Corporate earnings rebound in December quarter fails to lift Nifty EPS

The trailing 12-month EPS of the Nifty50 has risen just 2.8 per cent sequentially during the quarter. Further, earnings are still down 14.5 per cent year-on-year (YoY)

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Stove Kraft IPO subscribed 18 times despite secondary market sell-off

Institutional portion garners 8x, HNI subscribed 33 times, while retail quota saw 26x subscription

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India's small investors rush to join US firm GameStop's frenzied rally

This week, GameStop accounted for 19% of the trades on Vested Finance, an Indian investment firm that helps Indians buy or sell US stocks

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Market Wrap, Jan 28: Here's all that happened in the markets today

Markets ended lower for the fifth straight day with realty and public sector banks' stocks nursing the most severe losses

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VRL Logistics gains 6% as board to consider share buyback proposal

The board will also consider and approve the un-audited financial results for Q3FY21, on February 2

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Maruti Suzuki posts 26% rise in Q3 profit at Rs 1,997 crore; revenue up 13%

During the quarter, Maruti sold a total of 4.95 lakh vehicles, up 13.4 per cent on YoY basis

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Wednesday 27 January 2021

India's gold demand hits 25-yr low in 2020 amid lockdowns, high prices: WGC

Easing of lockdown restrictions, festive period and the ensuing wedding season, however, revived demand hope and drew in jewellery demand worth 137.3 tonnes in the December 2020 quarter

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India's gold jewellery demand down 42% in 2020 to 315.9 tonnes: WGC

Total investment demand for 2020 was down by 11 per cent at 130.4 tonnes in comparison to 145.8 tonnes in 2019, according to WGC's latest Gold Demand Trends report

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Inox Leisure, PVR trade firm as cinema halls to operate at higher capacity

The Ministry of Home Affairs, on Wednesday, allowed cinema halls and theatres to operate with more people, and it will issue revised SoP for the same

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Aditya Birla Fashion acquires 51% stake in Sabyasachi; stock dips 6%

Sabyasachi is India's largest and most influential luxury designer brand and engaged in categories such as apparel, accessories and jewellery and has a strong franchise in India, US, UK and the Middle

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Pandemic-battered gold demand in India expected to rebound in 2021

Demand is expected to jump closer to the 690 tons bought in 2019 as the country's economy shows signs of recovery, P R Somasundaram, managing director at the council for India, said

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Havells India hits fresh record high in weak market, surges 32% in a month

Analysts expect higher growth for the company for the next few quarters due to a low base (lockdown quarters) and effect of price hikes

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United Spirits slips 7% as net sales, profit fall in December quarter

The company said it is not providing quantitative guidance for fiscal 2021 as in the near-term there are still reasons to remain cautious

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Cosmo Films surges 7% on strong Q3 results, Rs 25/share interim dividend

The company's board of directors have fixed February 8, 2021 as the record date for payment of the interim dividend

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Astral Poly Technik gains 5% in weak market as firm to consider bonus issue

The company's board of directors is scheduled to meet on February 3, 2021, to consider proposal for issue of bonus equity shares

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Stocks to watch: Axis Bank, HUL, Maruti Suzuki, IndiGo, PVR, ABFRL, Nalco

Aditya Birla Fashion and Retail (ABFRL) has announced a strategic partnership with designer brand Sabyasachi

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Commodities outlook & trading strategies by Bhavik Patel of Tradebulls Sec

If silver can break above the $26 level, then it is likely that the market goes looking towards the $27.50 level, and then eventually the $28 level

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Gold price falls to Rs 49,000 per 10 gm, silver trending at Rs 66,200 a kg

In New Delhi, the price of 22-carat gold dropped to Rs 47,900 per 10 gm, while in Chennai it stood at Rs 46,170

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Market Ahead, January 28: Top factors that could guide markets today

The initial public offer of Stove Kraft was subscribed 2.93 times on Wednesday, the second day of bidding. The issue closes for subscription today

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Market Ahead, January 28: Top factors that could guide markets today

The initial public offer of Stove Kraft was subscribed 2.93 times on Wednesday, the second day of bidding. The issue closes for subscription today

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Here's what brokerages expect from TVS Motor Q3 results today

According to the monthly sales data, TVS Motor sold 9.89 lakh units in Q3FY21, up 20 per cent YoY from 8.21 lakh units it sold in the year-ago period

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MARKET LIVE: SGX Nifty hints at gap-down start; Maruti, IndiGo Q3 nos today

LIVE market updates: A total of 129 companies, including Maruti Suzuki India, Lupin, InterGlobe Aviation, Colgate-Palmolive, IRCTC, and TVS Motor Company, are going to announce their quarterly earning

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Private placement of debt hits all-time high of Rs 7.77 trn in 2020

Fund mobilisation through corporate bonds via the private placement route hit an all-time high in 2020

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Market Wrap, Jan 27: Here's all that happened in the markets today

BSE barometer Sensex plunged 938 points to 47,410 while its NSE counterpart Nifty slipped below the 14,000 mark to end at 13,968, down 271 points

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HUL Q3 profit jumps 19% YoY to Rs 1,921 crore; revenue rises 20%

HUL had posted a profit of Rs 1,616 crore in the same period last year

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IndiGo Q3 preview: Server hack, fleet expansion among key monitorables

Investors expect the low cost airline to be a key beneficiary of revival in domestic travel amid the roll out of the coronavirus vaccine

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Rane (Madras) advances 15% on strong December quarter results

In Q3FY21, the company reported a net profit of Rs 5.50 crore against a net loss of Rs 7.2 crore in year-ago quarter

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Sensex tanks over 1,000 points: Key factors behind the market crash

The volatility remained high ahead of the monthly F&O expiry on Thursday

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Route Mobile hits new high as FPIs increase stake; zooms 100% since listing

In the December quarter, FPIs increased stake in the company by 540 basis points to 15.74% from 10.34% at the end of September quarter

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Tuesday 26 January 2021

Maruti Suzuki Q3 results preview: Analysts see up to 30% YoY growth in PAT

According to the monthly sales data, Maruti sold 4.95 lakh units in the December quarter of FY21, up 13.4 per cent from 4.37 lakh units sold in the year-ago quarter

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Home sales at pre-Covid level; overall sentiment optimistic: Knight Frank

The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices

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TVS Motor hits fresh 52-week high ahead of Q3 results on Thursday

In the past three months, stock of the two-wheeler company outperformed the market by surging 28 per cent, after it reported healthy operational performance in the July-September quarter of FY21

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Reliance Industries extends fall post Q3 nos; stock dips 10% in three days

RIL lost over Rs 1-trillion market capitalisation in the past three trading days

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Bonds in India head for losses on PM Modi's near-record borrowing plan

The relentless supply of sovereign debt has been the biggest hurdle for Indian bonds this fiscal year, as pandemic relief efforts took precedence

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IT shares trade firm in a weak market; Cyient hits 52-week high, LTTS up 9%

Tata Elxsi, Larsen & Toubro Infotech, Wipro, Cigniti Technologies, Ramco Systems and Tech Mahindra were up in the range of 2 per cent to 6 per cent

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Auto stks dip on profit booking as govt proposes green tax for old vehicles

Ashok Leyland, Bharat Forge and Tata Motors from the auto index were down in the range of 3 per cent to 4 per cent.

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L&T gains 2% post December quarter results; analysts see further upside

During Q3FY21, L&T's standalone adjusted net profit came in at Rs 1,705 crore against Rs 1,261 crore in Q3FY20

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Stock calls by Nilesh Jain of Anand Rathi: Buy Pidilite, Godrej Industries

Pidilite's stock is in a secular uptrend and has formed a bullish Harami candlestick pattern on the daily chart

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Stocks to watch: Axis Bank, HUL, L&T, BoB, auto stocks, Affle India

Stocks of auto companies will be in focus after the government approved a policy to scrap more than 15-year-old vehicles owned by government departments and PSUs

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HUL Q3 preview: Double-digit revenue growth likely on GSK acquisition

Analysts at ICICI Securities expect Hindustan Unilever (HUL) to post 15.4 per cent year-on-year (YoY) revenue growth at Rs 11,322.3 crore in the December quarter

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MARKET LIVE: Global cues to guide indices; HUL, L&T, auto stocks in focus

Stock market LIVE updates: Muted global trade setup could cap gains

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Market Ahead, January 27: All you need to know before the opening bell

Axis Bank, Hindustan Unilever, Bank of Baroda, Marico, Emami and India Cements are among 50 firms set to post their December quarter numbers today

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Dip in PAT, weak asset quality: What to track in Bank of Baroda's Q3 result

HSBC pegs Bank of Baroda's Q3FY21 net profit at Rs 164.1 crore, a staggering 90 per cent de-growth from September quarter's PAT of Rs 1,678.6 crore

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Axis Bank Q3: Profit may jump up to 83% YoY; asset quality could take a hit

Limited Covid-19 provisioning in the quarter may shore up profit of Axis Bank, analysts at Edelweiss Securities said in their result preview report

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Gold prices unchanged for 2nd day at Rs 49,330/10 gm, silver at 66,500/kg

In New Delhi, the 22-carat gold price stayed at Rs 48,090 per 10 gm, while in Chennai it stood at Rs 46,360

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Bitcoin, crypto inflows hit record high last week at $1.31 billion: Report

Total assets under management (AUM) in the industry slipped to $29.7 billion as of Jan. 22, from an all-time peak of $34.4 billion on Jan. 8

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Stocks and futures dip on US fiscal-relief package timing; dollar up

A gauge of Asia-Pacific equities at one point slid the most in about two months, with shares in South Korea and China underperforming

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Changing dynamics: Bears merely less bullish in today's stock market

"You hold your nose and you buy," David Kudla, chief investment strategist at Mainstay Capital Management, said in an interview on Bloomberg Television. "Stocks have been divorced from fundamentals."

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Oil and gas sector leads profit pool, says Motilal Oswal report

The oil and gas sector has emerged as one of the largest contributor to the overall profit or dividend pool, said Motilal Oswal Financial Services in a report

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Monday 25 January 2021

Bitcoin price seen topping $50,000 over long term as it vies with gold

Predicting a price for Bitcoin is challenging but it's likely to rise longer term as funds and family offices assign 0.5 per cent or 1 per cent of their portfolios to it, Matt Long said

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Gold price remains unchanged at Rs 49,330 per 10 gm, silver at Rs 66,700/kg

In New Delhi, the price of 22-carat gold stayed at Rs 48,090 per 10 gm, while in Mumbai, the rate remained at Rs 48,330

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Stove Kraft's Rs 413-crore IPO fully subscribed on Day-1, closes Thursday

Price band set at Rs 384-385; IPO is comprised of Rs 95 cr of fresh fund raise, Rs 318 cr secondary share sale

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Market Wrap, Jan 25: Here's all that happened in the markets today

BSE Sensex settled the session at 48,348 levels, down 531 points or 1.09 per cent

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Hero MotoCorp, TVS Motor hit 52-week highs; Bajaj Auto scales fresh peak

At 02:50 pm, these three stocks were trading higher in the range of 2% to 4%, as against a 0.75% fall in the S&P BSE Sensex and 0.45% decline in S&P BSE Auto index

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TCS surpasses Reliance to become the most valued domestic firm

Market capitalisation of companies changes daily with movement in their stock prices

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L&T scales fresh 52-week high ahead of December quarter results

In the past three months, L&T has outperformed the market by surging nearly 50 per cent, on the back of strong orders flow, as compared to 20 per cent rally recorded by the S&P BSE Sensex

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Apollo Hospitals gains 4%, hits new high on successful fund raising via QIP

Apollo Hospitals said it will use the funds raised to acquire a 50 per cent stake in a joint venture, seek inorganic growth opportunities, as well as, look to pare down debt in its balance sheet

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PSBs' Q3 nos to be a mixed bag; loan growth, NPAs to be tracked: Analysts

Analysts expect Public Sector Banks' net profit to plunge a massive 43 percent on year, and 71 per cent sequentially

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India's corporate bond sales set to slow significantly after record year

Issuance will fall by 17 per cent to about 7.55 trillion rupees ($103.5 billion) this year, according to the median estimate of six of the nation's top debt arrangers

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Q3 preview: IndiGo, SpiceJet to benefit from weak dollar, festive travel

During the three months to December, Brent crude prices declined 28 per cent YoY while domestic aviation turbine fuel (ATF) prices plunged 31 per cent YoY

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