NIFTY CRACKS BY OVER 100 POINTS

  • Achiievers

    The combination of higher oil prices and a sharply weaker rupee added up to bring about a sharp correction in the Nifty by nearly 106 points as it got closer to the 10,400 mark on Wednesday. Oil marketing companies like HPCL,...

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Tata Motors reported a 50% fall in net profits

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Tata Motors reported a 50% fall in net profits for the fourth quarter ending March 2018 to Rs.2175 crore. This was largely led down by a provision of Rs.1641 crore that Tata Motors had to make for impairments of certain products. Consolidated revenues...

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SBI LEADS THE NIFTY HIGHER

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The sharp spurt in SBI helped the Nifty to close higher above the 10,530 mark. Although the results had reported higher losses, the markets were betting on a bottoming out of the NPA cycle at SBI. PSBs led by SBI, PNB and BOB could be the big...

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MARKETS FALL FOR 5TH CONSECUTIVE DAY

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Crude oil at above $80/bbl and domestic petrol prices at Rs.84.40/litre spooked the markets on the inflation front. It opens up the spectre of the RBI hiking rates by 25 basis points in the June policy itself. With the Tata Steel acquisition of...

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DLF reported a sharp 66% growth in net profits to Rs.247 cr

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DLF reported a sharp 66% growth in net profits to Rs.247 crore for the fourth quarter ending March 2018. Total income was sharply lower at just around Rs.1850 crore for the fourth quarter, largely due to the hiving off some of its key businesses. For...

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KARNATAKA OUTCOME COULD SPOOK MARKETS

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The outcome in the state elections in Karnataka could spook the markets on Monday as markets are likely to react negatively. Oil prices and a weak rupee will continue to be an overhang on the markets. It will be interesting to see how the bank...

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The ruling NDA suffered a minor setback in Karnataka

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The ruling NDA suffered a minor setback in Karnataka as it failed to muster the numbers and the prospective CM of Karnataka had to make way for a coalition government at the centre. The markets could react negatively to the outcome over the weekend, although...

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