Reliance Industries, State Bank of India, Paytm, IndiGo, TVS Motor among stocks featured today
Heading into the day’s trade, SGX Nifty was in the red with losses, hinting at a weak start on Dalal Street.
Domestic stock markets enter Monday’s trading session after finishing in the red for two consecutive days. The S&P BSE Sensex currently sits at 58,644 while the NSE Nifty 50 Index is at 17,516. India VIX, the volatility gauge, is just below 19 levels. Heading into the first trading session of the week, SGX Nifty was in the red with losses, hinting at a weak start on Dalal Street. Global indices were mixed after the Dow Jones closed in the red on Friday while the NASDAQ and S&P 500 gained. Among Asian stock markets, KOSPI and KOSDAQ were in the red with Nikkei 225 and TOPIX. On the other hand, Shanghai Composite was in the green.
Trusted Industries: Mukesh Ambani’s RIL announced late Friday that Jio Platforms would invest $15 million in Two Platforms – a Silicon Valley-based deep tech startup founded by Pranav Mistry – for a 25% stake on a fully diluted basis.
National Bank of India: The country’s largest public sector lender reported a 62.27% increase in its standalone net profit to Rs 8,432 crore for the October-December quarter, helped by lower provisions. The bank’s third-quarter net profit is the lender’s highest-ever quarterly profit.
Payment : One97 Communications, the parent company of Paytm, reported a net loss of Rs 778 crore in the third quarter of the current financial year. Paytm had recorded a loss of Rs 535.5 crore during the same period a year ago. Paytm’s consolidated operating revenue increased by around 88% to Rs 1,456 crore.
InterGlobe Aviation: Helped by rising passenger revenue, the country’s largest domestic carrier, IndiGo, on Friday recorded a net profit of Rs 129.8 crore in the three months to December 2021. The airline also named the co-founder Rahul Bhatia as Managing Director effective immediately.
Hotel shares: India Ratings and Research (Ind-Ra) said on Friday that the third wave of Covid-19 is likely to impact hotel industry operating metrics in the fourth quarter of this fiscal year, but the effect will be less in April-June period due to easing of restrictions. Ind-Ra expects a 25-30% decline in revenue in the January-March quarter. ITC, Indian Hotels are some of the stocks to watch.
Results today: Union Bank of India, TVS Motor Company, NALCO, Borosil, Camlin Fine Sciences, Castrol India, Chemcon Specialty Chemicals, Clean Science and Technology, Fortis Malar Hospitals, Future Supply Chain Solutions, Gabriel India, Glaxosmithkline Pharmaceuticals, Indo Count Industries, Indian Bank, JM Financial, Jindal Stainless, Lasa Supergenerics, Likhitha Infrastructure, Nucleus Software Exports, Paisalo Digital, Peninsula Land, The Phoenix Mills, PB Fintech, Punjab & Sind Bank and Sansera Engineering are some of the companies that will report results today. today. .
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