Commuters walk past the BSE building in Mumbai. Reuters
Despite several challenges including the NBFCs-triggered liquidity crisis as well as global trade tensions and high crude oil prices, the Indian equities market emerged as one of the best performers globally in 2018-19. “The Indian indices − S&P BSE Sensex and NSE Nifty50 − both have outperformed major world indices in 2018-19,” HDFC Securities’ Retail Research Head Deepak Jasani told IANS.
Power and banking stocks rose after the Supreme Court on Tuesday struck down the Reserve Bank of India’s (RBI) February 12, 2018, circular on banks’ non-performing assets (NPAs), or bad loans The RBI circular had directed banks to refer any loan account above Rs 2,000 crore for proceedings under the Insolvency and Bankruptcy Code (IBC) if such an account is not resolved within 180 days of default.
Playing in his debut match, Mumbai Indians’ West Indies’ quick Alzarri Joseph registered the best-ever IPL bowling figures of 6/12 off 3.4 overs to fire Mumbai Indians to a 40-run win over Sunrisers Hyderabad in a match of modest scores at the Rajiv Gandhi International Stadium in Hyderabad on Saturday.
In a format like the Indian Premier League, momentum plays an important role. While a team on a roll can make the impossible look regular, teams which haven’t managed to hit the right note can snatch defeat from the jaws of victory.
Etisalat Group on Tuesday announced that its consolidated revenues amounted to Dhs13 billion and consolidated net profit after Federal Royalty amounted to Dhs2.2 billion representing a year over year (y-o-y), increase of five percent and resulting in a net profit margin of 17 per cent.
The fourth Annual General Meeting (AGM) of Emaar Malls, approved the distribution of Dhs1.301 billion ($354 million) dividend, representing 10 per cent of the share capital being 10 fils per share, to the shareholders.
Investors on Tuesday traded with caution anticipating a further rise in the international oil prices, and conclusion of the third and largest phase of the general elections. Sensex ended 80 points lower after a range-bound movement throughout the day’s trade.