Market Highlights
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April 27, 2023
- Asia-Pacific markets fell on Wednesday after banking fears were reignited on Wall Street.
- * Shares of First Republic Bank tumbled more than 49% after the regional bank posted its latest quarterly results, saying late Monday that deposits dropped 40% to $104.5 billion in the first quarter but have since stabilized.
- * S&P/ASX 200 opened lower, down at 0.48%.
- * Nikkei 225 fell 0.71%, and the Topix dropped 0.9%.
- * Kospi was 0.13% lower, while the Kosdaq was 0.67% down, after the country’s consumer sentiment index for April rose to 95.1, compared to 92 in March.
- * Hang Seng index looks set to extend its losses from Tuesday
- *AU Small Fin Bank:* Jan-Mar net profit 4.25 bln rupees vs 3.46 bln
- Analysts saw AU Small Fin Bk Jan-Mar net profit at 3.89 bln rupees
- AU Small Fin Bank: Jan-Mar total income 26.1 bln rupees vs 19.8 bln
- AU Small Fin Bk: Gross NPA ratio 1.66% on Mar 31 vs 1.81% qtr ago
- AU Small Fin Bank:Jan-Mar provisions 408.77 mln rupee vs 932.25 mln
- AU Small Fin Bk: Net NPA ratio 0.42% on Mar 31 vs 0.51% qtr ago
- *From Sharekhan Research desk*
- *First cut: Tata Consumer Products Q4FY2023 (Consolidated) - Strong performance by India business drove consolidated performance*