"The results are a testament to the resilience of demand for our brand and the power of our diverse omni-channel strategy, led by the strength of our direct-to-consumer business which saw 61% growth in the quarter." The firm is overweight mid-cap and international, and equal-weight small-cap, international and emerging markets.Looking ahead, Day said that volatility is one of the key market factors he's watching. Puri's tenure in the bank is set to end in October. House Speaker Nancy Pelosi, D-Calif., and Senate Majority Leader Mitch McConnell, R-KY., Major U.S. stock averages opened Thursday's session near the flat line as investors assessed lawmarkers' talks on the next coronavirus relief package with two sides seemingly no closer to reaching a deal. Asian Paints, HCL Technologies, Infosys, UltraTech Cement and TCS were the Nifty50 top gainers while ICICI Bank, Zee Entertainment, HDFC Bank, Axis Bank and IndusInd Bank were the index top losers. After falling for three months, claims have increased the past two weeks. Amit Syngle, MD & CEO of co talks to CNBC-TV18.
Nifty Bank index remained the worst-performing index of the day, down 3.59 percent followed by Nifty Financials and Nifty Pharma.
Stock Market Highlights: Indian indices ended lower on Monday due to the massive slip in the bank index after a month or so.
A stock market index shows how investors feel an economy is faring. During the quarter under review, Rs 1.1 lakh crore came from debt funds, Rs 20,930 crore from arbitrage funds and Rs 11,730 crore from equity-oriented schemes. Bank stocks under pressure after RBI warns of system-wide rise in bad loans; Nifty Bank falls 3%
Congress and the Trump administration are struggling to strike an agreement on the next coronavirus relief bill after the enhanced unemployment benefits expired on Friday. Reliance Industries continues to hit record high; stocks ends 0.5% higher at 2,1568. This follows an outflow of over Rs 94,200 crore into mutual fund (MF) products in the preceding three months, according to data with the Association of Mutual Funds on India (Amfi).The positive inflow pushed the asset base of the 45-player mutual fund industry by over 14 percent to Rs 25.5 lakh crore at June-end from Rs 22.26 lakh crore at the end of March.
—Retail investors were among the buyers of Quicken Loans-parent Rocket Companies, which went public on Thursday.
Sources said that another extension for Tyagi cannot be ruled out.
CNBC Indonesia menyajikan berita terkini seputar market, pasar modal, saham, reksa dana, valas, komoditas, dan rekomendasi saham. RBI in its latest Financial Stability Report acknowledged that the six-month loan repayment holiday or moratorium may also have implications for the financial health of banks.
The current SEBI Chairman Ajay Tyagi's term ends on August 31.
Results were not as bad as the street feared. For the quarter the streaming video device maker lost 35 cents per share, which was smaller than the 50-cent loss analysts polled by Refinitiv were expecting. Shares of Western Digital were down sharply in premarket trading after the company reported weaker than expected revenues for its fiscal fourth quarter and gave guidance that disappointed analysts. ICICI Bank declines over 6% on profit booking and RBI's Financial Stability Report10.
Banking stocks were under pressure on Monday with Nifty Bank declining almost 3 percent after the Reserve Bank of India released its financial stability report on Friday.Get latest Finance online at…Investors pumped in Rs 1.24 lakh crore into various mutual fund schemes in three months ended June 2020, with liquid and arbitrage segments contributing the most to the inflow. The stock priced at $18 per share on Wednesday night, below the range of $20 to $22. The major averages were mostly flat around midday as traders kept an eye on Washington amid ongoing negotiations on a new coronavirus stimulus package. Broader indexes underperformed the benchmarks, Nifty Midcap100 and Nifty Smallcap100 indexes ended 1.32 percent and 0.60 percent lower respectively. "He further said that the post the IPO, there will also be a debt reduction of ~ ₹3,000 crore for the company, which will bring down debt to equity ratio from 2.95x at the end of FY20 to below 1.0x, which is a key positive. "Despite near term uncertainties due to Covid-19, we believe that in the long run the REIT will offer similar or better post tax yields as compared to fixed income.
Roku shares slid more than 4% during premarket trading on Thursday after the company said during its second quarter results that advertising uncertainty will continue into the third and fourth quarters. The report comes a day before the government's nonfarm payrolls count, which is projected to show growth of 1.48 million in July.
Still, Goeckeler said that he expected the long-term growth for data storage services would be strong after rockiness in the short-term.Stocks could sell off without an agreement in Washington on a coronavirus relief bill, CNBC's "If we don't have a deal, we've got to have a sell-off," Cramer said on Despite equities' strong start to August, Cramer said Wall Street remains somewhat dependent on Capitol Hill.
The Nasdaq Composite rose 1% to hit a new record high, and closed above 11,000 for the first time. The stock fell about 11%.
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