Oil prices rose for the fourth consecutive day as the US attacks on Iran continued in a bid to secure shipping via the Strait of Hormuz. Brent traded around $85 a barrel after rising 12% in the prior three sessions. Meanwhile, West Texas Intermediate was near $80 a barrel. The US launched further airstrikes on…
Stocks to Watch Today, July 16: SBI, ICICI Lombard, HDFC Life, Ather Energy, Swiggy and others (Image: AI/ET Now) Stocks to Watch Today, July 16: Indian shares are likely to see stock-specific action on Wednesday as investors react to a fresh set of quarterly earnings from financial firms including ICICI Lombard, HDB Financial Services, HDFC…
Shares of HDFC Asset Management Company (HDFC AMC) gained as much as 4% on Wednesday, July 15, in response to its June quarter results that were marginally better than expectations. HDFC AMC’s net profit for the quarter rose 12.1% year-on-year to ₹837 crore from ₹748 crore in the corresponding quarter last year, while revenue from…
Nitin Raheja, Head of Discretionary Mandates at Julius Baer India, said the banking sector is well placed as the interest rate cut cycle appears to have bottomed out, helping net interest margins while credit growth remains strong. He expects foreign selling-led valuation corrections to create opportunities in private banks. Raheja also remains positive on pharmaceuticals…
Reliance Industries is expected to report a stronger June quarter, driven by improved refining margins, a recovery in its consumer businesses and steady growth in its digital operations, when it announces its results on Friday, July 17. According to the CNBC-TV18 poll, Reliance is expected to post a 9.8% sequential growth in net profit to…
The Nasdaq 100 index, which comprises of tech-led names, particularly those in the chip manufacturing industry, has seen very sharp price swings over the last one month and that has left analysts on Wall Street worried, as it reminds them of painful instances of the past. In 20 of the last 26 trading sessions, the…
Chip stocks on Wall Street saw another round of selling on Wednesday, July 15, continuing the volatile trends they have experienced in the last month. Despite the sell-off in these chip stocks, benchmark indices on Wall Street ended mostly higher in mid-week trading. The Dow Jones recovered from a mid-day drop during which the index…
The equity benchmark indices BSE Sensex and NSE Nifty ended with modest gains on Wednesday (July 15), supported by buying in HDFC Bank, auto stocks and select cement counters, while broader markets outperformed the benchmarks. The Sensex rose 130 points to close at 77,185, while the Nifty gained 26 points to settle at 24,079, extending…
After several years of strong earnings, improving asset quality and robust profitability, public sector banks could be heading into a phase where costs, rather than bad loans, become the key challenge. In a report on Wednesday, July 15, brokerage firm Jefferies said the next industry-wide wage settlement for PSU banks, due in November 2027, could…
Advanced Micro Devices is likely to appreciate further as its semiconductor chip businesses expand and attracts more customers, according to UBS. Advanced Micro Devices is likely to attract more customers and expand its semiconductor chip businesses, pushing the stock higher, according to UBS. Continue Reading with CNBC-TV18 Access Membership Priority Access and Networking: CNBC-TV18’s flagship…
