News Announcement Impact Analysis Axis Bank reported a record loss of Rs.2100 crore in the fourth quarter The quarter saw the Gross NPAs of the bank going up to as high as 6.77% in the fourth quarter Interestingly, the stock of Axis Read more [...]

Yes Bank delivered stellar results in the fourth quarter ended March 2018. The company reported a 29% growth in PAT at Rs.1179 crore, sharply better than street estimates. This was led by a 31% growth in net interest income (NII). The two highlights of Read more [...]

The INR weakened by 52 paisa to Rs.66.90/$ and that led to the Nifty falling sharply in later trades. Importers and banks rushed to cover and banking stocks were hit quite sharply in Wednesday trades.  As we had said in the morning note, the pressure Read more [...]

For the quarter ended March 2018, Ultratech reported net profits of Rs.488 crore, slightly lower than street expectations. Even as its domestic sales volumes grew by 32%, there was pressure coming from higher input costs. The good news for Ultratech could Read more [...]

The Nifty was strong on Monday despite weak cues from the global markets and the SGX Nifty. However, it did face resistance at levels of 10,600 and closed below that level as technology stocks gave away their gains from higher levels. The sharp Read more [...]

A full 50 years after its inception TCS touched a market cap of $100 billion. Both Reliance and HDFC Bank are also within striking distance of the mark. TCS saw a sharp rally after the Q4 results saw the company 4.5% growth in profits and stable margins. Read more [...]

While the Nifty still closed above the 10,550 mark, the focus will largely shift to the F&O expiry during the week. We expect volatility during the week and the Nifty may attempt to scale 10,600 during the week. In the tech space, we feel that Read more [...]

SEBI has indicated that it could seek a forensic audit in the ICICI Bank conflict of interest case, with respect to the loans given to Videocon. This will also cover the disclosures made by Chanda Kocchar at the time of taking over as the CEO of the company Read more [...]