Shares of Federal Bank tumbled as much as 5 percent to Rs 185 per share on August 4 as the lender posted a drop in quarterly profit, hit by higher provisions, a sharp jump in credit costs, and a rise in bad loans compared to the previous quarter.Still, many brokerages remain positive on the stock, as the bank’s management expects the stress in the microfinance book and credit costs to ease after...

The benchmark indices closed with gains of one-tenth of a percent amid rangebound trading on July 1. The market breadth was largely neutral, with around 1,327 shares witnessing selling pressure versus 1,314 shares that gained on the NSE. The frontline indices are expected to see further consolidation in upcoming sessions before potentially entering a new leg of the uptrend. Below are some short-te...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, order wins, and appointments, here’s a quick look at which stocks will be in focus in today's trade:Results TodayMarico, Godrej Properties, Archean Chemical Industries, Aether Industries, City Union Bank, Gravita India, Indian Overseas Bank, Jindal Saw, Latent View Analytics,...

Let's catch up on the latest news from the stock market. From significant investments to major deals, quarterly earnings, and order wins, here’s a quick look at which stocks will be in focus in today's trade:Results TodayBajaj Auto, Cipla, Hyundai Motor India, Indian Oil Corporation, BHEL, Bosch, JSW Energy, JSW Infrastructure, CG Power and Industrial Solutions, Colgate Palmolive, CSB Bank, Exid...

The benchmark indices saw profit booking after hitting new highs, closing in the red on July 10, with negative breadth. About 1,640 shares declined, while 694 shares advanced on the NSE. The Nifty 50 failed to sustain 24,400 on a closing basis. If the index breaks 24,200, the immediate support, then selling pressure may extend to 24,000. On the higher side, the resistance is placed at 24,460. Here...