The brokerage said the bank’s initiative to improve the NPL coverage ratio is encouraging and it expects earnings to normalise after declining in FY17.
On Monday, LIC Housing reported a 19% rise in net profit for the December quarter to Rs 499.3 crore.
RIL on Monday said it will invest a further Rs 30,000 crore into Jio to enhance its network coverage and capacity, taking total investment in the venture to over Rs 2 lakh crore.
The tax issue has, however, been kept in abeyance and is not completely out of the way. The market will await final amendment of the law in the Budget.
The weight to EMs has not been as strong as it used to be in the past 15 years because people have been going back to the developed markets and the US, says Low
In case of a trade war, the impact on the rest of the world would be worse than on the US itself. The US imports a lot but doesn't export a lot, says Berezin.
BSE's IPO comes ahead of NSE's and will also be the first IPO of the current year. In 2016, 26 companies raised Rs 26,494 crore through IPOs.
While TCS posted in-line growth and margin, we remain concerned as growth was driven by volatile markets, which entail the potential of springing a negative surprise going forward.
Sensex has fallen in the range of -0.2% to -7.5% in the one-month periods preceding the last 10 Union Budgets, including two the interim Budgets.
Fund managers said China's steel capacity curtailment is more of a sentiment booster but will not have a material impact on the banks.
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