The Reserve Bank of India’s new Expected Credit Loss framework presents a recurring drag on bank profitability, not a one-time capital hit. Public Sector Undertaking (PSU) banks are more exposed due to unchanged provisioning floor rates, potentially impacting their return on assets. While some private banks have buffers, others face a sharper impact.Read More
Five stocks including Force Motors, Chennai Petroleum Corporation, Cemindia Projects, Hitachi Energy India, and Afcons Infrastructure closed above VWAP on April 28, signaling bullish sentiment and potential upward price momentum.Read More
Indian stock markets surged on Wednesday, with Sensex and Nifty opening over 0.4% higher. This positive sentiment was driven by reports of Iran submitting a new proposal to cease military operations in the Strait of Hormuz, fueling hopes for a swift resolution to the Middle East conflict. India VIX also saw a decline, indicating reduced market volatility.Read More
Eternal’s shares surged after reporting a 346% YoY net profit jump to Rs 174 crore, driven by a 196% revenue increase. Blinkit’s quick commerce business led growth, with ambitious expansion plans. Analysts maintain positive ratings, citing improving profitability and strong future outlook despite competition.Read More
The ongoing Middle East conflict, now entering its ninth week, has created a notable split within the U.S. fixed-income market, reflecting sharply different investor expectations about inflation, growth, and monetary policy.Read More
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