Market

Shares of Dr Lal PathLabs were trading 5.3% higher at ₹2934.25 on the BSE after the results were announced. Source

Cholamandalam has not specified the quantum of the expansion, or the regions that it plans on marking its presence in. The company is predominantly present in the Southern part of the country.  Source

The last instance of Motilal Oswal Financial Services reporting a net loss was during the January to March quarter of financial year 2020. Source

Sensex Today | Stock Market Highlights: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session lower. Nifty 50 closed at 24,246.70, while Sensex ended at 79,801.43. Overnight, Wall Street indices ended higher. Asian stocks too were in the green in early trade today. Investor attention now shifts to Axis Bank, L&T Tech,…

Cholamandalam’s asset quality remained stable during the March quarter on a sequential basis. Source

The Nifty index slipped 207 points to close at 24,039, falling below its crucial 200-day moving average (DMA) of 24,052, signaling a potential bearish trend. The Sensex lost 589 points, ending at 79,213, while broader markets underperformed with the Midcap Index dropping nearly 3%. Source

Post results, shares of the NBFC giant Shriram Finance fell over 8.8%, hitting a new day’s low of ₹635.95 as earnings missed estimates despite year-on-year growth. Source

Steven Major, Global Head of Fixed Income at HSBC, believes that once rate cuts begin in the second half of the year, bond yields will head lower toward 3.5%. Source

Net Interest Income (NII) or core income for the bank, declined by 2.3% from the same quarter last year to ₹1,563 crore, which was marginally lower than the CNBC-TV18 poll of ₹1,589 crore. Source

DCB Bank’s Q4 net profit grew 13.7% YoY to ₹177 crore, while NII rose 9.9%. The bank’s asset quality improved. Shares closed 1.55% lower ahead of earnings announcement. Source