Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "HDFC"


25 mentions found


Financials boost Indian shares; U.S. inflation data eyed
  + stars: | 2021-06-10 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, March 6, 2020. REUTERS/Francis Mascarenhas/File photoBENGALURU (Reuters) - Indian shares closed up on Thursday, boosted by heavyweight financials stocks, with investors eyeing U.S. inflation data to gauge the Federal Reserve’s stance on trimming stimulus measures. The blue-chip NSE Nifty 50 index rose 0.65% to 15,737.75 and the benchmark S&P BSE Sensex climbed 0.69% to 52,300.47 at close. The Nifty PSU Bank Index, which tracks state-run banks, was a top performer among other sub-indexes with a 2.40% gain at close. Shares of Infosys Ltd, which have risen in five of the last eight trading sessions, rose 0.6%, lifting the Nifty IT index up 0.94%.
Persons: Francis Mascarenhas Organizations: Bombay Stock Exchange, REUTERS, BSE, Federal, Investors, European Central Bank, Bajaj Finance Ltd, State Bank of India, HDFC, Infosys Ltd Locations: Mumbai, India, BENGALURU, U.S
Indian tech braces for its second coming of age
  + stars: | 2021-06-10 | by ( ) www.reuters.com + 0.00   time to read: +3 min
REUTERS/Sivaram VIt’s shaping up to be a defining year for Indian technology. The rise of Indian outsourcers such as Tata Consultancy Services (TCS.NS) in the 1990s defined the first golden age. Biggies include Walmart-owned (WMT.N) e-tailer Flipkart, which is raising funds at a mooted $40 billion valuation and eyeing a listing in New York over the next year or so. Fortunately, Indian startups are already maturing. Since 2019, top Indian tech investor SoftBank (9984.T) has deployed its capital judiciously, forcing companies to focus on their bottom line.
Persons: Steve Jobs, Mukesh Ambani, Jack Ma’s Ant Organizations: Apple, Kinfra High Tech, REUTERS, Tata Consultancy Services, Credit Suisse, Biggies, Walmart, HDFC Bank, Hindustan Unilever, Mobile, Reliance Industries, Financial, Bloomberg Locations: Kinfra, Indian, Kochi, New York, India, Paytm, New Delhi, Beijing, Mumbai
Indian shares open higher on financials, healthcare boost
  + stars: | 2021-06-09 | by ( Reuters Staff | ) www.reuters.com sentiment -0.68   time to read: +1 min
FILE PHOTO: A man walks out of the Bombay Stock Exchange (BSE) building in Mumbai, India, January 3 2020. REUTERS/Francis Mascarenhas/File PhotoBENGALURU (Reuters) - Indian shares edged up to near record highs on Wednesday in choppy trading, boosted by gains in heavyweight financials and healthcare stocks. The blue-chip NSE Nifty 50 index was up 0.14% at 15,763.85 and the benchmark S&P BSE Sensex fell 0.16% to 52,361.19 by 0403 GMT. HDFC Bank Ltd and HDFC Ltd were among the top boosts to the Nifty 50, gaining 0.5% and 0.7%, respectively. Globally, stocks held near record highs on Wednesday, as investors bet the U.S. Federal Reserve is some way off from tapering its economic stimulus.
Persons: Francis Mascarenhas, Cipla Organizations: Bombay Stock Exchange, REUTERS, BSE, HDFC Bank, HDFC, U.S . Federal, European Central Bank Locations: Mumbai, India, BENGALURU
Indian shares erase gains as global inflation worries weigh
  + stars: | 2021-06-08 | by ( Rama | ) www.reuters.com sentiment -1.00   time to read: +2 min
REUTERS/Francis Mascarenhas/File photoThe blue-chip NSE Nifty 50 index fell 0.20% to 15,716.40 and the benchmark S&P BSE Sensex was down 0.18% at 52,243.87 by 0541 GMT. “Markets are at slightly elevated valuations and seeing routine profit taking due to global inflation worries,” said Anita Gandhi, director at Arihant Capital Markets. Investors are awaiting U.S. inflation data due later this week for clarity on tapering of policy support from the Federal Reserve. Top private-sector lender HDFC Bank Ltd and conglomerate Reliance Industries Ltd were among the top drags to the Nifty 50 index, falling 1% and 0.8%, respectively. The Nifty PSU Bank Index, which tracks state-owned banks, fell 1.72% and the Nifty Bank Index was down 1.04%.
Persons: Francis Mascarenhas, , Anita Gandhi Organizations: Bombay Stock Exchange, REUTERS, BSE, Arihant, Markets, Investors, Federal Reserve, European Central Bank, HDFC Bank Ltd, Reliance Industries, Nifty, Infosys Ltd, Tata Consultancy Services Locations: BENGALURU, financials, Mumbai, India
Indian shares end slightly lower as global inflation worries weigh
  + stars: | 2021-06-08 | by ( Reuters Staff | ) www.reuters.com sentiment -0.90   time to read: +2 min
BENGALURU (Reuters) - Indian shares ended a tick lower on Tuesday as concerns around rising global inflation and high valuations in the domestic market outweighed optimism around the country’s declining COVID-19 cases. FILE PHOTO: People walk past the Bombay Stock Exchange (BSE) building in Mumbai, India, November 4, 2020. REUTERS/Francis Mascarenhas/File photoThe blue-chip NSE Nifty 50 index closed down 0.07% at 15,740.10, while the benchmark S&P BSE Sensex settled 0.1% lower at 52,275.57. Both indexes had scaled record peaks on Monday as some Indian states eased lockdowns and daily COVID-19 cases hit a two-month low. On Tuesday, the three biggest drags on the Nifty 50 were HDFC Bank, mortgage lender HDFC and ICICI Bank.
Persons: Francis Mascarenhas, , Anand James Organizations: Bombay Stock Exchange, REUTERS, BSE, Geojit Financial, Federal Reserve, European Central Bank, HDFC Bank, ICICI Bank, Infosys Locations: BENGALURU, Mumbai, India, Kochi,
Expert views: RBI keeps rates at record low on virus fallout
  + stars: | 2021-06-04 | by ( Reuters Staff | ) www.reuters.com + 0.00   time to read: +7 min
FILE PHOTO: A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File PhotoThe RBI on Friday held the repo rate, its key lending rate, at 4% and kept the reverse repo rate, the borrowing rate, unchanged at 3.35%. “The RBI also raised its inflation projections slightly on account of upside risks emanating from the second wave. “Overall, while we do not see any action on the policy rate front in the coming months, we are poised to see a more accountable and action-oriented RBI ahead. However, despite negative real rates and record-low mortgage rates, credit impulse in the system has continued to remain weak.
Persons: Altaf Hussain, GAURAV GARG, ” SHASHANK MENDIRATTA, ” MADHAVI ARORA, ” YUVIKA SINGHAL, TANVEE GUPTA JAIN, ” DEEPTHI MATHEW, SAKSHI GUPTA, ” PRITHVIRAJ SRINIVAS, KUNAL KUNDU Organizations: Reuters, Reserve Bank of India, Bank of India, REUTERS, IBM, NEW, , SDL, INDIA, UBS, SAP, HDFC BANK, SOCIETE GENERALE Locations: New Delhi, India, MUMBAI, NEW DELHI, COVID, DELHI, KOCHI, INDIA, BENGALURU
Financials lift Indian shares to new high ahead of cenbank meeting
  + stars: | 2021-06-03 | by ( Reuters Staff | ) www.reuters.com sentiment -0.97   time to read: +1 min
BENGALURU, June 3 (Reuters) - Indian shares closed at a record high on Thursday after two straight sessions of muted trading, as heavyweight financial and consumer discretionary stocks gained, while investors awaited the central bank’s policy meeting outcome due Friday. The blue-chip NSE Nifty 50 index closed 0.73% higher at 15,690.35, while the benchmark S&P BSE Sensex rose 0.74% to 52,232.43. Shares also tracked global stocks that clung close to record highs as investors weighed inflation concerns ahead of key U.S. economic data, while oil prices rose for a third straight session. The Nifty Bank index rose 0.78% and the Nifty Private Bank index added 0.71%. The company said it had partnered with drugmaker Dr. Reddy’s Laboratories to provide logistics for the delivery of Sputnik V COVID-19 vaccine doses.
Persons: drugmaker Dr Organizations: BSE, Reserve Bank of India, HDFC Bank, Kotak Mahindra Bank, Snowman Logistics, Reddy’s Laboratories, Sputnik Locations: BENGALURU, COVID
Virus disaster leaves deep scars on India's economy
  + stars: | 2021-06-02 | by ( Aftab Ahmed | Aditi Shah | Nupur Anand | ) www.reuters.com + 0.00   time to read: +6 min
Some observers also fear the psychological blow from the virus disaster that ripped through India this year killing tens of thousands of people will leave consumer reluctant to spend. (Graphic: India's quarterly GDP growth India's quarterly GDP growth - )The knock-on effects of sub-par growth on a rapidly developing economy like India could be significant. Last year, India announced a $266 billion package to support the economy during a strict nationwide lockdown to contain the first coronavirus wave. (Graphic: India's unemployment rate- )Surging unemployment, coupled with state lockdowns, a large increase in hospitalizations and fatalities amid the second wave and fears of a third wave, are prompting many people to cut spending. Shashank Srivastava, executive director at Maruti Suzuki, India’s biggest carmaker, pointed to a deep psychological impact from the second virus wave as the surge in deaths and hospitalizations caused distress and fear among people.
Persons: Amit Dave, , Soumya Kanti Ghosh, Kumar Rajagopalan, Maruti Suzuki, Hero MotoCorp, Shashank Srivastava, Sashidhar Jagdishan, Yashwant Deshmukh, “ Nobody’s Organizations: REUTERS, Tuesday State Bank of India, Barclays, UBS, Reuters, Centre, Monitoring, Retail Association of India, Maruti, Manappuram Finance, Creditas Solutions, HDFC Bank, HDFC Locations: DELHI, Kurukshetra, Surat, India, United States, China, hospitalizations, Europe
Indian shares open lower as conglomerate ITC weighs
  + stars: | 2021-06-02 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, May 20, 2019. REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares opened lower on Wednesday, weighed down by consumer goods giant ITC Ltd as its profit slipped in the March quarter, while broader Asian stocks edged higher after data showed U.S. manufacturing activity rose in May. The blue-chip NSE Nifty 50 index fell 0.19% to 15,545.50 by 0345 GMT, while the benchmark S&P BSE Sensex shed 0.25% to 51,800.02. Cigarettes-to-hotels conglomerate ITC fell more than 2% and was the biggest drag to the Nifty 50. Financials stocks also declined, with mortgage lender HDFC Ltd and ICICI Bank Ltd falling 0.6% each.
Persons: Francis Mascarenhas BENGALURU, HDFC Organizations: Bombay Stock Exchange, REUTERS, ITC Ltd, BSE, ITC, HDFC, ICICI Bank Ltd Locations: Mumbai, India
Indian shares fall as financials, IT stocks weigh
  + stars: | 2021-06-02 | by ( Rama | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, May 20, 2019. REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares slipped on Wednesday, weighed down by financials and information technology stocks, with investors also worried over high valuations following a recent rally. The blue-chip NSE Nifty 50 index fell 0.48% to 15,500.85 by 0503 GMT, while the benchmark S&P BSE Sensex shed 0.64% to 51,597.22. “In the medium term, the market should still be positive as economic growth will pick up gradually with capex cycle picking up. In Asian markets, shares edged up to near three-month highs and global equities held steady near a record, as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world’s largest economy.
Persons: Francis Mascarenhas BENGALURU, , Neeraj Dewan, HDFC Organizations: Bombay Stock Exchange, REUTERS, BSE, Quantum Securities, Software, Infosys, HDFC, ITC Locations: Mumbai, India, COVID
Indian shares close flat as financials offset energy gains
  + stars: | 2021-06-02 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
FILE PHOTO: A man walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, May 20, 2019. REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares ended little changed for a second straight session on Wednesday as investors refrained from making big bets due to concerns over high valuations following a recent rally. The blue-chip NSE Nifty 50 index rose 0.01% to 15,576.20 at close, while the benchmark S&P BSE Sensex slipped 0.16% to 51,849.48. Both the indexes gained more than 6% last month as a steady decline in daily COVID-19 cases lifted investor sentiment. Reliance shares have risen for six straight sessions.
Persons: Francis Mascarenhas BENGALURU Organizations: Bombay Stock Exchange, REUTERS, BSE, ITC, HDFC Bank, Infosys, Reliance Industries Ltd, Tata Steel Ltd, Reliance, Sumi Systems Locations: Mumbai, India, COVID, United States, Europe
Indian shares rise on downward trend in COVID-19 cases
  + stars: | 2021-06-01 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +1 min
REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares extended gains on Tuesday, as investors took hope from a downward trend in daily COVID-19 cases while taking cues from a global rally in equities. The blue-chip NSE Nifty 50 index rose 0.18% to 15,611.30 by 0345 GMT, while the benchmark S&P BSE Sensex climbed 0.19% to 52,026.39. However, economists are increasingly pessimistic about the current quarter after a huge second wave of COVID-19 infections hit the country last month. Globally, equities have risen in the past week on improved investor sentiment after U.S. inflation outlook. In Asia, markets rose on Tuesday ahead of European and U.S. data this week that may offer cues on global economic health.
Persons: Francis Mascarenhas BENGALURU, , Vijayakumar, Goldman Sachs Organizations: Bombay Stock Exchange, REUTERS, BSE, Geojit Financial Services, India, HDFC, Kotak Mahindra Bank Locations: Mumbai, India, COVID, Asia
BENGALURU, May 31 (Reuters) - India’s economic growth picked up to 1.6% year-on-year in the January-March quarter, official data showed on Monday, before a harsh second wave of COVID-19 hit the country last month. The read-out for the March quarter was faster than the 1.0% growth forecast of analysts in a Reuters poll and upwardly revised 0.5% growth rate for the previous quarter. While the second wave of infections has been much more severe, the absence of a stringent nationwide lockdown has been a positive.”“The impact during the second wave has been more pronounced on consumer sentiment and mobility rather than economic activity. We expect FY22 GDP growth at 10.5% vs our earlier estimate of 12.5%.”MADHAVI ARORA, LEAD ECONOMIST, EMKAY GLOBAL FINANCIAL SERVICES, MUMBAI“The better-then-expected growth print partly owes it to healthy corporate results in March quarter of FY21. We admit the situation is still in a flux, and it is too nascent to gauge the true impact of the second wave on macro variables.
Persons: SAKSHI GUPTA, ” GARIMA KAPOOR, ” MADHAVI ARORA, Organizations: HDFC BANK Locations: BENGALURU, MUMBAI
BENGALURU, May 31 (Reuters) - India’s economic growth picked up to 1.6% year-on-year in the January-March quarter, official data showed on Monday, before a harsh second wave of COVID-19 hit the country last month. The read-out for the March quarter was faster than the 1.0% growth forecast of analysts in a Reuters poll and upwardly revised 0.5% growth rate for the previous quarter. It could, however, reduce its FY22 growth estimate by 0.5%-1.0%. We admit the situation is still in a flux, and it is too nascent to gauge the true impact of the second wave on macro variables. While the GVA expansion rose sharply to 3.7%, exceeding our 3% forecast, GDP growth improved more modestly to 1.6%, and trailed our expectation of a 2% y/y rise.
Persons: RADHIKA RAO, , , KUNAL KUNDU, ” ANUBHUTI SAHAY, ” SAKSHI GUPTA, SHASHANK MENDIRATTA, ” “, YUVIKA SINGHAL, ” GARIMA KAPOOR, ” MADHAVI ARORA, ” DEEPTHI MATHEW, ” GAURAV GARG, ADITI NAYAR, ICRA, GURUGRAM Organizations: DBS BANK, SOCIETE GENERALE, OF SOUTH, HDFC BANK, IBM, NEW, Reserve Bank of, Locations: BENGALURU, SINGAPORE, INDIA, MUMBAI, NEW DELHI, Q4FY21, COVID, DELHI, Reserve Bank of India, KOCHI, INDORE, Q1FY22, India
Indian shares open lower ahead of GDP data
  + stars: | 2021-05-31 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares opened lower on Monday as investors awaited gross domestic product data for the fourth quarter, with economists being pessimistic after a harsh second wave of COVID-19 hit the country last month. The NSE Nifty 50 index shed 0.34% to 15,381.35 by 0401 GMT, while the benchmark S&P BSE Sensex slipped 0.43% to 51,188.99. The Nifty 50 index closed at a record high on Friday, with both the indexes posting weekly gains of around 2% each. Mortgage lender HDFC Ltd and software services firm Infosys Ltd were the top drags to the Nifty 50, losing 1.48% and 1.44%, respectively. Last week, the country reported its lowest daily rise of cases in more than a month.
Persons: Siddiqui Organizations: Bombay Stock Exchange, REUTERS, NSE, BSE, HDFC, Infosys Locations: Mumbai, India, Siddiqui BENGALURU, COVID
India's blue-chip Nifty 50 ends at record high
  + stars: | 2021-05-28 | by ( Reuters Staff | ) www.reuters.com sentiment -0.81   time to read: +2 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - India’s blue-chip Nifty 50 index closed at a record high on Friday, helped by gains in energy and financials stocks, as falling COVID-19 infection rates bolstered risk appetite. The blue-chip NSE Nifty 50 index ended 0.64% higher at 15,435.65, while the benchmark S&P BSE Sensex was up 0.6% at 51,422.88. Conglomerate Reliance Industries Ltd and mortgage lender HDFC Ltd were among the top boosts to the Nifty 50, ending 6% and 1.3% higher, respectively. The Nifty energy index rose 1.41%, gaining the most among other sub-indexes. The Nifty Bank Index closed 0.13% higher, and the Nifty PSU Bank Index, which tracks state-run banks, was up 0.67%.
Persons: Siddiqui, Nirmala Sitharaman, , Hemang Jani Organizations: REUTERS, BSE Sensex, Motilal Oswal Financial Services, Conglomerate Reliance Industries Ltd, HDFC, Nifty, Mahindra Locations: Mumbai, India, Siddiqui BENGALURU, COVID, United States
India's blue-chip Nifty 50 hits record high ahead of crucial tax meeting
  + stars: | 2021-05-28 | by ( ) www.reuters.com sentiment -0.72   time to read: +1 min
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, August 24, 2015. REUTERS/Danish SiddiquiIndia's blue-chip Nifty 50 index hit a record high on Friday, as financials and materials stocks gained ahead of a key indirect tax related meeting by the country's finance minister later in the day. The NSE Nifty 50 index (.NSEI) was up 0.65% at 15,437.05 by 0347 GMT, while the benchmark S&P BSE Sensex (.BSESN) was 0.53% higher at 51,383.43. ICICI Bank Ltd (ICBK.NS) and HDFC Bank Ltd (HDBK.NS) were among the top boosts to the Nifty 50, gaining 0.8% and 0.6%, respectively. Nifty component Mahindra & Mahindra (MAHM.NS) is set to report results later in the day.
Persons: Siddiqui, Nirmala Sitharaman, Biden Organizations: REUTERS, NSE, BSE, ICICI Bank Ltd, HDFC Bank, ICICI, Mahindra, Thomson Locations: Mumbai, India, COVID, United States
India's blue-chip Nifty 50 hits record high as COVID-19 cases drop
  + stars: | 2021-05-28 | by ( Rama Venkat | ) www.reuters.com + 0.00   time to read: +2 min
A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, August 24, 2015. REUTERS/Danish SiddiquiIndia's blue-chip Nifty 50 index hit a record high on Friday as falling COVID-19 infection rates boosted sentiment, while investors awaited a key indirect tax-related meeting by the country's finance minister later in the day. The NSE Nifty 50 index (.NSEI) was up 0.68% at 15,440.30 by 0503 GMT, while the benchmark S&P BSE Sensex (.BSESN) was 0.59% higher at 51,417.84. In Mumbai trading, conglomerate Reliance Industries Ltd (RELI.NS) and mortgage lender HDFC Ltd (HDFC.NS) were among the top boosts to the Nifty 50, gaining 3.1% and 1%, respectively. The Nifty Bank Index (.NSEBANK) and the Nifty PSU Bank Index (.NIFTYPSU), which tracks state-run banks, gained between 0.51 and 0.36%.
Persons: Siddiqui, Vijayakumar, Nirmala Sitharaman, Biden Organizations: REUTERS, NSE, BSE, Geojit Financial, Reliance Industries Ltd, HDFC, Nifty, Mahindra, Thomson Locations: Mumbai, India, COVID, United States
Indian shares flat as financials counter gains in IT stocks
  + stars: | 2021-05-27 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Francis MascarenhasBENGALURU (Reuters) - Indian shares were largely unchanged early on Thursday, as losses in heavyweight financials offset gains in information technology stocks. The blue-chip NSE Nifty 50 index was down 0.09% at 15,283.85 by 0356 GMT, while the benchmark S&P BSE Sensex was 0.16% lower at 50,928.31. Shares of Tata Consultancy Services Ltd and Infosys Ltd extended gains to a third straight session, adding nearly 1% each and cushioning losses on the Nifty. Lenders HDFC Ltd and HDFC Bank Ltd were the top drags to the Nifty 50 index, losing 0.54% and 0.46%, respectively. On Thursday, India’s tally of COVID-19 cases rose by 211,298 over the last 24 hours, while deaths rose by 3,847.
Persons: Francis Mascarenhas BENGALURU Organizations: Bombay Stock Exchange, REUTERS, BSE, Tata Consultancy Services Ltd, Infosys, HDFC, HDFC Bank, Bharat Petroleum Corporation Ltd, Eicher Motors Ltd, Sun Pharmaceutical Industries Locations: Mumbai, India, COVID, China
Indian shares close higher as IT, financial stocks gain
  + stars: | 2021-05-26 | by ( Reuters Staff | ) www.reuters.com + 0.96   time to read: +1 min
BENGALURU, May 26 (Reuters) - Indian shares ended higher on Wednesday, riding on gains in information technology and financial stocks as sentiment was bolstered by a steady drop in COVID-19 cases. The blue-chip NSE Nifty 50 index closed 0.61% higher at 15,301.45, while the benchmark S&P BSE Sensex rose 0.75% to 51,017.52. Software services giant Infosys Ltd and mortgage lender HDFC Ltd were among the biggest boosts to the Nifty 50, gaining 2.6% and 1.5% at close, respectively. The Nifty IT Index ended 1.76% higher. Among stock losers, Nifty component Bharat Petroleum Corporation Ltd closed 0.5% lower ahead of its March-quarter earnings.
Persons: Rama Venkat, Vinay Dwivedi Organizations: BSE, U.S, Federal, Software, Infosys Ltd, HDFC, Bharat Petroleum Corporation Ltd Locations: BENGALURU, COVID, India, Bengaluru
Indian shares unchanged as financials offset gains in energy
  + stars: | 2021-05-26 | by ( ) www.reuters.com sentiment -0.99   time to read: +1 min
A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File PhotoIndian shares were little changed on Wednesday, as gains in energy and consumer discretionary stocks were countered by losses in financials and materials. Tata Steel Ltd (TISC.NS) and HDFC Bank Ltd (HDBK.NS) were among the top drags to the index, losing 0.93% and 2.92%, respectively. Investors’ risk appetite has improved recently due to a steady decline in daily COVID-19 cases in India. On Tuesday, the country reported its lowest daily rise of cases in more than a month.
Persons: Francis Mascarenhas Organizations: Bombay Stock Exchange, REUTERS, BSE, Reliance Industries Ltd, Hindustan Unilever Ltd, Tata Steel Ltd, HDFC Bank, Investors, Bharat Petroleum Corporation Ltd, Thomson Locations: Mumbai, India, financials, 15218.05, COVID
Indian shares rise on financials, IT stocks boost
  + stars: | 2021-05-26 | by ( Rama Venkat | ) www.reuters.com + 0.94   time to read: +2 min
A woman walks past the Bombay Stock Exchange (BSE) building in Mumbai, India, January 31, 2020. REUTERS/Francis Mascarenhas/File PhotoIndian shares rose on Wednesday, boosted by gains in financial and information technology stocks, as a downward trend in daily COVID-19 cases fuelled hopes of a swifter economic reopening. "Market is hoping that localised lockdowns will be reduced in the coming weeks so the economy will be much better." On Tuesday, India reported its lowest daily rise in cases in more than a month. Nifty component Bharat Petroleum Corporation Ltd (BPCL.NS) is set to report its March-quarter earnings later in the day.
Persons: Francis Mascarenhas, Vinod Nair Organizations: Bombay Stock Exchange, REUTERS, BSE, Geojit Financial, Software, Infosys, HDFC, Business, Bharat Petroleum Corporation Ltd, Thomson Locations: Mumbai, India, COVID
Indian shares end flat as financials negate IT gains
  + stars: | 2021-05-25 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +1 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares gave up early gains to close flat on Tuesday as heavyweight financials negated support from IT and metal stocks, while the country reported its lowest daily rise in COVID-19 infections in more than a month. The blue-chip NSE Nifty 50 index gained 0.07% to 15,208.45, while the benchmark S&P BSE Sensex was 0.03% lower at 50,637.53. The Nifty PSU Bank Index and the Nifty Bank Index ended 1.34% and 0.81% lower, respectively. Private-sector lenders HDFC Bank Ltd and Axis Bank Ltd were among the top drags on the Nifty 50. The Nifty IT Index ended 0.96% higher and the Nifty metal index closed up 0.61%.
Persons: Siddiqui Organizations: Bombay Stock Exchange, REUTERS, BSE, Nifty, HDFC Bank, Axis Bank Ltd, Barclays, Moody’s Investors Service Locations: Mumbai, India, Siddiqui BENGALURU, COVID
Indian shares gain as financials rebound, SBI results awaited
  + stars: | 2021-05-21 | by ( Reuters Staff | ) www.reuters.com + 0.78   time to read: +1 min
FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, June 29, 2015. REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares rose on Friday, helped by a rebound in financial stocks, as investors awaited quarterly earnings results from State Bank of India, the country’s largest lender by assets. [MKTS/GLOB]In Mumbai trading, the Nifty Bank Index rose 1.13% after a more than 1% drop on Thursday. State Bank of India rose 1.3% ahead of its March-quarter results. Fellow refiners and Nifty 50 components Bharat Petroleum Corporation Ltd and Indian Oil Corporation Ltd gained 1.8% and 1.3%, respectively.
Persons: Siddiqui, refiners Organizations: REUTERS, State Bank of India, BSE, U.S . Federal, Nifty, HDFC Bank, ICICI Bank, Hindustan Petroleum Corp Ltd, Bharat Petroleum Corporation Ltd, Indian Oil Corporation Locations: Mumbai, India, Siddiqui BENGALURU
Indian shares end higher on financials boost, drop in daily virus cases
  + stars: | 2021-05-21 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: +2 min
REUTERS/Danish SiddiquiBENGALURU (Reuters) - Indian shares closed higher on Friday, as financial stocks jumped after State Bank of India’s (SBI) quarterly earnings, with sentiment aided by a fall in daily COVID-19 infections. The blue-chip NSE Nifty 50 index added 1.81% to close at 15,175.30, while the benchmark S&P BSE Sensex gained 1.97% to end at 50,540.80. Private-sector lenders HDFC Bank and ICICI Bank were the top boosts to the Nifty 50, closing 4.5% and 3.9% higher, respectively. The Nifty energy index ended 0.89% higher, boosted by a 3.7% rise in Hindustan Petroleum Corp Ltd after the state-run refiner reported higher quarterly net profit on Thursday. The Indian rupee also gained on Friday, tracking the uptick in domestic markets, while the benchmark 10-year bond yield fell for a fifth straight week.
Persons: Siddiqui, “ Banks, , Ranganathan Organizations: REUTERS, State Bank of India’s, BSE Sensex, SBI, LKP Securities, Private, HDFC Bank, ICICI Bank, Hindustan Petroleum Corp Ltd Locations: Mumbai, India, Siddiqui BENGALURU, COVID
Total: 25