The stocks of diagnostic service providers have been standout performers within the healthcare sector over the past year, posting returns between 16 and 80 per cent. In comparison, the Nifty 50 saw returns of 8 per cent. Stable pricing, expectations of gradual volume growth, and market share expansion for the larger players have stoked increased optimism for listed companies.
Bopanna had scripted history in March to become the oldest ATP Masters 1000 champion when he and Ebden won the BNP Paribas Open.
The Swiss star underwent arthroscopic right knee surgeries in February 2020 and May 2020. Federer has played five tournaments since having those surgeries, all of which came this season.
Fear of a recession in the US due to rising unemployment has added to the concerns of India's IT services sector, which was seeing some growth returning after Q1FY25 results. The Nifty IT closed 3.26 per cent down, as major IT services companies' stock value fell. Tata Consultancy Services (TCS), India's largest IT services firm, saw its stock price fall 4 per cent during intraday trading.
'.. if you do not want to take the asset allocation call.'' 'This category of funds can offer optimum risk-adjusted returns.'
The Women's Tennis Association, which has turned to Asia to grow its sport, is unclear how the International Tennis Premier League is going to pan out. 'We are still learning about it, just as the world and the media is,' said Melissa Pines, Vice-President, Asia-Pacific, on the sidelines of its new announcement to bring the season-ending BNP Paribas WTA Championships to South East Asia for the first time this year.
Domestic mutual funds (MFs) have kept their faith in the Indian stock market despite multiple headwinds all through 2022-23 (FY23), with their net flows into equities crossing the Rs 1.5-trillion mark for the second consecutive financial year. MFs pumped a net Rs 1.53 trillion into equities till March 1, 2023, the Securities and Exchange Board of India (Sebi) data shows, as compared to Rs 1.72 trillion in FY22. Since FY15, MFs have been net buyers of equities, except in FY21, when they sold a net Rs 1.21 trillion.
SBI is expected to mop up almost $202 million via the share sale.
Market sources said other brokerages are also looking to streamline their business models as market volatility, along with increasing competition, has taken a toll on earning yields.
Big-serving Milos Raonic fought back from a set down to upset Rafa Nadal 4-6, 7-6(10), 7-5 in a pulsating quarter-final at the BNP Paribas Open on Friday.
Raymond Moore has stepped down as CEO and tournament director of the BNP Paribas Open following controversial comments he made about women's tennis, the tournament announced on Monday.
Naomi Osaka, who said at the U.S. Open that she planned to take a break from tennis, has officially pulled out of next month's BNP Paribas Open in Indian Wells.
The bias for the BSE benchmark index, technical charts suggest, is likely to remain bullish as long as the index holds above 75,600 levels for the rest of the year.
Kohlschreiber, 35, stunned the top seed and five-times former champion 6-4, 6-4 in Indian Wells, leaving the Serb to conclude it had just been "one of those days".
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
The global turmoil in the banking sector has made analysts cautious, who advise that investors stay away from stocks of this sector till the overall sentiment improves. The recent trouble for the banking sector started with the collapse of US-based Silicon Valley Bank (SVB), Silvergate Capital and Signature Bank. On its part, Moody's Investors Service has also cut its outlook for the US banking system to 'negative' from 'stable', citing the run on deposits at these three banks that led to the collapse of these banking majors in less than a week.
SBI Life Insurance is a joint venture between SBI and BNP Paribas Cardif.
Adani Green Energy (AGEL) on Tuesday announced it has secured a funding of $1.36 billion from a consortium of international banks as part of its construction financing framework. The $1.36-billion senior debt facility will enhance the company's funding pool to $3 billion since initial project financing in March 2021, AGEL said in a statement. According to the statement, AGEL, India's largest and world's leading renewable energy player, announced a follow-on funding of $1.36 billion to further boost its construction financing framework to $3 billion backed by a consortium of renowned international banks.
World No 2 Rafael Nadal brushed aside American Jared Donaldson 6-1, 6-1 and will next face Diego Schwartzman after the Argentine beat Roberto Carballes 6-3, 6-1.
World number three Karolina Pliskova overcame a stern test to reach the semi-finals of the BNP Paribas Open on Wednesday after edging French Open champion Garbine Muguruza 7-6(2), 7-6(5) at Indian Wells.
'Those betting against PSUs will likely be punished in this upswing.'
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
The S&P BSE Sensex shed 112 points to close at 27,167 and the Nifty50 dropped 35 points to finish at 8,336.
The liquidity-fuelled rally will continue for some time, however, fundamentals are getting stretched.
Andy Murray said he expects the Wimbledon organisers to lift the ban on Russian and Belarusian players.
According to telcos and analysts, this is due to SIM consolidation happening after the minimum recharge plans were implemented by incumbents.
India's Sania Mirza and her women's doubles partner Barbara Strycova crashed out of the BNP Paribas Open after going down in straight sets in the quarter-finals at Indian Wells.
Swiss seventh seed Belinda Bencic was stunned by Slovakia's Magdalena Rybarikova while former champion Ana Ivanovic was also sent packing in third-round action at the BNP Paribas Open in California.
'The biggest near-term risk to Indian equities is the outflow of investments to China as tactical trades by foreign investors.'
Rafael Nadal of Spain poses at the BNP Paribas Open players party during the Indian Wells ATP and WTA tennis tournament in Indian Wells, California.
IMAGES from the matches played on Day 10 of the BNP Paribas Open at Indian Wells, California, on Wednesday
In the ATP doubles, Leander Paes slid to 25, a loss of four places.
Russia's Maria Sharapova was knocked out of the BNP Paribas Open at Indian Wells on Monday after a shock loss to Italian qualifier Camila Giorgi.
Carlos Alcaraz swatted aside a swarm of bees and world number six Alexander Zverev to reach the semi-finals at Indian Wells.
Reader Rudra Ghosh sent us this photograph from California.
IT services major LTIMindtree reported a net profit of Rs 1,100 crore for the fourth quarter of financial year 2023-24 (FY24), down 1.2 per cent year-on-year (Y-o-Y) from Rs 1,141 crore in the same quarter last financial year. Revenue grew 2.3 per cent Y-o-Y for the fourth quarter to Rs 8,892.9 crore. Sequentially, revenue was down 1.4 per cent.
The incidence of shareholder activism in India is more than that in other Asian countries, according to a BNP Paribas Asia Strategy report.
Gold prices have been on an uptrend in the last few months, rising nearly 28 per cent to $2387 per ounce now. This rise in gold price, according to Christopher Wood, global head of equity strategy at Jefferies, is attributed to the demand from China amid lack of investor euphoria as regards the yellow metal. "Recent developments show a distinct lack of investor euphoria as regards gold, the question remains what is driving the current rally.
In a bizarre coincidence, top seed Victoria Azarenka and seventh-seeded Australian Samantha Stosur withdrew from their quarter-final matches at the BNP Paribas Open on Thursday due to leg injuries.
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