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Latest Stock Market News

Banks likely to report biz growth amid virus worries

Updated at : 2022-01-06 17:35:02

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Analysts expect non-state banks to report 9% growth in pre-provision operating profit and a 21% expansion in net profit. A recovery in business growth, higher fee income and a gradual reduction in credit costs are seen as the factors that drove profit growth.

Pfizer has entered into advance purchase agreements with multiple countries. Sources told ET that Pfizer is yet to apply for emergency use authorisation in India.

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BPCL is competing for licences with its related entities in 15 areas while Gail Gas is in a contest in 11 and HPCL in three.

Oil prices lost ground on Thursday, easing from their highest levels in more than a month as OPEC+ producers stuck to a plan to boost production and U.S. fuel stockpiles surged amid declining demand. The global benchmark Brent crude futures fell 87 cents, or 1.08%, to $79.93 a barrel, as of 0154 GMT. U.S. West Texas Intermediate (WTI) crude futures lost 62 cents, or 0.8%, to $77.23 a barrel.

The S&P 500 and Nasdaq quickly extended their declines after the release of the minutes, which investors viewed as more hawkish than they had feared. The Dow, which hit a record high earlier in the day, reversed course and ended down more than 1%.

Anand Rathi Wealth will announce its results for the period ended on December 31, 2021 and declare interim dividend for the financial year 2021-22.

“Companies where we know the accounts are cooked are presenting themselves as ESG plays and the market is buying the story. ”

"I am very positive in terms of the way the recovery will pan out, not this calendar year alone, but also over the next three to five years. I think India is at a cusp where the whole recovery will be driven by multiple factors – investments starting to pick up and discretionary consumption improving."

“One should add wholesale bankers and select large NBFCs into the portfolio. Plus, I would remain positive in tech stocks.”

The fall in Binance Coin has pushed it to fourth place in the sequence of top 10 tokens. USD Coin has raced past Cardano to become the sixth largest crypto token.

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