Stocks in News, January 05: Bajaj Finance, RBL Bank, Marico, Mahindra & Mahindra Financial Services, IRB Infrastructure Developers
The S&P 500 gained 29.25 points, or 0.76 per cent, to end at 3,853.39 points, while the Nasdaq Composite gained 74.96 points, or 0.72 per cent, to 10,461.95.
Stock in News Today, January 05: Stock markets are likely to have a positive start on Thursday i.e. January 5, 2023 as SGX Nifty - an early indicator of sentiments on NSE - was up by over 52 points, or 0.29 per cent, at 18,163.5. Asian markets are also hinting towards a positive start as most of them were in the green in the early trade. While Japan's Nikkei 225 was up by 178 points, Hong Kong's Hang Seng index surged over 550 points.
US markets to finished Wednesday's session higher following the release of minutes from the Federal Reserve's last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace. The S&P 500 gained 29.25 points, or 0.76 per cent, to end at 3,853.39 points, while the Nasdaq Composite gained 74.96 points, or 0.72 per cent, to 10,461.95. The Dow Jones Industrial Average rose 134.93 points, or 0.41 per cent, to 33,271.30.
Stocks In News Today, January 05
Bajaj Finance Limited: The consumer financier said that new loans booked by it in the October-December quarter of the financial year 2023 were the highest ever at 7.8 million. This is a surge of 5.4 per cent from the year-ago period.
RBL Bank: Advances and deposits of RBL Bank for the quarter ending December 31, 2022 has recorded double-digit growth year-on-year. The bank said that its retail loan book has witnessed a rise of 12 per cent y-o-y in the quarter under review.
Marico: Company's India business has registered mid-single-digit volume growth during the December quarter. Also, the sector has witnessed some improvement in demand.
Mahindra & Mahindra Financial Services: The Reserve Bank of India (RBI) has lifted restrictions on Mahindra & Mahindra Financial Services Ltd for the recovery of loans through third-party agents.
IRB Infrastructure Developers: The board of IRB Infrastructure Developers has approved the split of existing equity shares with a face value of Rs 10 per share into 10 shares with a face value of Rs 1 per share.
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