Market Highlights
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April 25, 2022
- • EU to Pursue Trade Deal With India to Reduce Its Ties to Russia
- • India Wants to Be Strong Friends With the West, Minister Says
- • Johnson Sparks Outrage in India With Bulldozer Photo Shoot (1)
- • India Finance Chief Says Economy ‘Sound,’ Inflation ‘Manageable’
- o IMF this week predicted India GDP growth of 8.2% in 2022
- • China Must Be Treated as Equal Sri Lanka Creditor, India Says
- • India’s 3-Mo Russia Oil Purchases Same as Europe in an Afternoon
- • India’s Puri: States Need to Cut Taxes to Reduce Fuel Prices
- • ICICI Bank’s Profit Tops Estimates as Bad Debt Drop, Loans Grow
- o Bank stepped up credit growth substantially in recent qtrs
- • Ambani Scraps $3.2 Billion Deal That Set Up Clash With Bezos
- o Some lenders to Future vote against Indian mogul’s plan
- • India’s Rate-Setting Panel Makes a Hawkish Pivot, Minutes Show
- • India’s Rate-Setting Panel Makes a Hawkish Pivot, Minutes Show
- • Zinc’s Rally Spurs Rare Move by Indian Miner to Hedge Output
- o Hindustan Zinc locks in prices for some of its production
- • The Diamond World Is Scrambling to Keep Buying Russian Gems
- • Ola Recalls an E-Scooter Batch to Boost Consumer Confidence
- • Top India Bullion Refiner Forays Into Silver for Industrial Use
- • India Official Reserves Drop to Lowest Since May
- • Forwards Point to Tighter EM Policy Rates: Weekly Chart Pack
- • Global Funds Sell Net INR24.6B of India Stocks Friday: NSE
- o Domestic funds buy net 16b rupees of stocks
- • Foreign Investors Sell Net INR6.02B of Indian Equities Thursday
- • Foreigners Sell Net INR1.96B of Indian Equity Derivatives Friday
- • HDFC Bank (HDFCB): Board Approves Dividend of INR15.5/Share
- • ICICI Bank (ICICIBC): 4Q Net Income +59% Y/y to 70.2b Rupees, Beats Est. 63.5b; Provisions -47% q/q to 10.7b; Gross NPA 3.6% vs. 4.13% q/q
- • ITC Ltd (ITC): Puri Says Value Creation Need Will Decide ITC’s Demerger Plans
- • Tata Motors (TTMT): Says Hikes Passenger Vehicle Prices to Offset Cost Rise
- • Tata Steel (TATA): Tata’s Narendran: See Higher Steel Prices This Decade vs Last; Sees Strong Demand for Steel Outside China
- • Torrent Power (TPW): To Buy Out Sunshakti Solar; EV INR4.17b