Sat, Apr 20, 2024 6:59 PM
Nirmal Bang initiates coverage on 2 housing finance stocks
A Flip by Shubhangi Gupta
Wall Street surged to a higher close on Friday as a softer-than-expected employment report bolstered the case for rate cuts from the Federal Reserve while also providing evidence of U.S. economic resilience. All three major U.S. stock posted robust gains. The tech-heavy Nasdaq led the pack, rising 2% with an assist from Apple shares following the iPhone maker's record share buyback announcement.
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Securities and Exchange Board of India (SEBI) in its recent circular states that the nomination process for jointly held mutual fund accounts is now optional.Shares of JNK India Ltd got listed at a premium of 49% over issue price of ₹415.Groww AMC and Axis AMC have launched the NFOs for Groww Nifty Non Cyclical Consumer Index Fund and Axis Nifty Bank Index Fund.
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Kotak Mahindra Bank, one of India's leading private sector lenders, is set to release its earnings for the quarter ended March 2024 on Saturday, May 4. According to a CNBC-TV18 poll, the private sector lender is likely to report standalone net interest income of ₹6,670.2 crore for the fourth quarter of FY24, a 9.3% year-over-year increase from ₹6,102.6 crore.
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