US Stock Reports, Quotes and News
Following each bull run, the index retraces back to its moving average line before initiating another upward trend. This observation underscores the significance of moving averages in determining market trends and mean levels.
Recent weeks have been dominated by news of strife and armed conflicts. This has led to jitters in foreign flows into Asian equities, impacting India as well. Approximately Rs 25,000 crore has been pulled out by foreign institutional investors from Indian equity markets in April so far.
\”About 80% of Wipro\’s revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem the erosion,\” said JM Financial\’s Abhishek Kumar.
Jio Financial Share Price: The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.
The global brokerage firm UBS upgraded Voltas\’ rating from \’Neutral\’ to \’Buy\’, raising the target price to Rs 1800 from Rs 885 previously. This adjustment suggests an upside potential of 38% from the previous close of Rs 1300.
HDFC Bank\’s Q4 net profit reached ₹16,510 crore, full-year at ₹60,810 crore, up 38%. Challenges post-merger affect expenses, asset quality, and loan mix strategy. Deposit mobilization efforts continue amid slow credit disbursements.
Wipro\’s board of directors has reappointed Azim H. Premji as Non-Executive, non-independent director of the company while re-appointing Rishad A. Premji as the whole-time director for a period of five years with effect from July 31, 2024, to July 30, 2029.
Wall Street\’s \”fear gauge\” hit its highest in more than five months on Friday due to a sharp pullback in interest U.S. rate cut expectations and escalating geopolitical tensions.
The shares of stock broking firm Motilal Oswal surged 5% to day’s high at Rs 2,185 on Friday after it announced a proposal to consider allotment of bonus shares to its shareholders in an intimation filing to the exchanges.
Rakesh Parekh talks about the key drivers for the market — a combination of ample liquidity, pro-growth government policy direction, investments and capex entering an upcycle as well as corporate balance sheets that remain conducive for investments. He says: \”We are encouraging clients to add to their equity positions with a long-term perspective in mind to take advantage of this opportunity.\”
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.
The IPO, which was completely a fresh equity issue of 12.6 lakh shares, received massive response from investors with a subscription of over 700 times at close.