Markets

The EasyDay app is limited to customers in Delhi-NCR.
Thanks to the higher provisions, the net non-performing assets stood at about 0.89% in Q3 (Photo: Bloomberg)
RIL's retail segment continues to surprise with strong volume growth in core retail, clocking a 17% q-o-q growth in its EBITDA of Rs. 2,727 crore. (Photo: Reuters)
RIL's retail segment continues to surprise with strong volume growth in core retail, clocking a 17% q-o-q growth in its EBITDA of Rs. 2,727 crore. (Photo: Reuters)

Reliance drops 3% as some verticals disappoint, erases over $5 billion in m-cap

  • The Reliance Industries stock declined 3.08%, its maximum fall since 3 September to close at 1,532 a share. So far this year, it has gained 2.5%
  • RIL reported lower-than-expected standalone EBITDA at Rs12,871 crore in Oct-Dec as petrochemical EBIT margins missed estimates and came in at 16.1%

The verdict may put a severe burden on telcos (Photo: Ramesh Pathania/Mint)
IT, engineering and R&D services, which generate most of HCL’s revenues, clocked a meagre 0.1-0.7% growth
IT, engineering and R&D services, which generate most of HCL’s revenues, clocked a meagre 0.1-0.7% growth

HCL Tech delivers strong Q3 but FY21 growth concerns temper expectations

  • The 2.1% sequential revenue growth in constant currency and 20 basis points expansion in operating profit margins exceeded Street estimates
  • The company raised the lower end of its revenue growth guidance to 16.5% from 15% for the current fiscal

Analysts were also worried over the delay in the Saudi Aramco deal
Gold prices today: On MCX, gold rates slipped to  ₹39,915 per 10 gram
The Indian unit had opened at 71.07.
Sensex and Nifty hit record highs in early session
Tata Consultancy Services Ltd (TCS), on the other hand, reported a mere 0.3% sequential growth in revenue in constant currency terms. Photo: Hemant Mishra/Mint
Tata Consultancy Services Ltd (TCS), on the other hand, reported a mere 0.3% sequential growth in revenue in constant currency terms. Photo: Hemant Mishra/Mint

Stock markets seen under pressure on oil price rise; RIL, TCS shares in focus

  • Early turnover in Asian shares was light, with US stock and bond markets closed for the Martin Luther King Jr. holiday
  • Shares of Reliance Industries Ltd will be in focus. RIL reported a 13.5% year-on-year jump in its net profit to 11,640 crore

The Mukesh Ambani-led company reported the highest-ever quarterly consolidated net profit of  ₹11,640 crore
West Texas Intermediate for February delivery climbed as much as $1.19
West Texas Intermediate for February delivery climbed as much as $1.19

Oil jumps after unrest hits key OPEC producers Libya and Iraq

  • Oil jumped as rising tension in the Middle East and North Africa halted output and exports from key OPEC producers Iraq and Libya
  • Iraq temporarily stopped output at an oil field on Sunday and supply from a second site is at risk

A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, (AP)
A currency trader watches computer monitors at the foreign exchange dealing room in Seoul, South Korea, (AP)

Asia stocks edge higher after strong run

  • Indicators of economic health from China and the U.S. last week provided some encouragement for investors
  • Attention this week turns back to corporate earnings season

Photo: Mint
Photo: Reuters
Photo: AFP
Photo: AFP

Hong Kong’s $1.5 bn fund bets 2020 is year of yuan

  • Gavekal Capital says China’s bonds will deliver a 10% return this year.
  • Part of those returns will be driven by the strengthening yuan, which will be stoked by both the easing trade tensions and fallout from the unrest in Hong Kong

(Photo: Reuters)
Representative image (Photo: AP)
The market capitalisation of RIL jumped by  ₹20,890.58 crore to reach  ₹10,02,009.11 crore  (Photo: Reuters)
Signs of easing tensions between the US and Iran and positive developments on US-China trade deal front led to renewed buying interest by the FPIs (Photo: Bloomberg)
Signs of easing tensions between the US and Iran and positive developments on US-China trade deal front led to renewed buying interest by the FPIs (Photo: Bloomberg)

FPIs remain net buyers in January on US-China trade deal

  • A net amount of 10,200 crore was invested into equities while a net 8,912 crore was pulled out from the debt segment
  • Majority of the FPI investment in January came a day after the signing of the US-China trade deal and going forward FPI investments are expected to grow