Tue, Apr 30, 2024 8:35 AM
Oil dips as investors eye Israel-Gaza truce talks, US Fed policy review
A Flip by Riya Sharma
The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia's highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped by chipmakers such as Nvidia, which advanced 2.49% ahead of its quarter.
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Shares of Sudarshan Chemicals Ltd., a pigments supplier, gained a little over 14% to hit an all-time high of ₹881.50 apiece on the NSE on Tuesday. This comes after the company posted its highest-ever income from operations in the March quarter, majorly contributed by healthy growth in domestic sales. Sudarshan Chemicals' export revenues saw a growth of over 2%, domestic revenue over 15%.
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Bandhan Bank's shares are expected to be in the spotlight on Tuesday (May 21) following a significant decline in Q4 earnings. The bank's performance has prompted analysts to reassess their positions, highlighting concerns around provisioning, loan write-offs, and management transitions. Kotak Institutional Equities has maintained a 'Buy' rating with a target price of ₹250 per share.
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