After two straight months of decline, the broader market index Nifty Midcap jumped 3.5 percent in April so far. Meanwhile, it fell around 0.3 percent in March as well as in February. Presently, India finds itself amidst a favourable convergence of macro and micro factors, including subdued inflation rates, stable crude oil prices, decreasing 10-year G-sec yields, a steady currency.
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Commercial vehicle maker Ashok Leyland Ltd on Thursday said it has partnered with South Indian Bank for financing dealers. The company has signed a Memorandum of Understanding (MoU) to provide financing to dealers under the bank's dealer finance programme, Ashok Leyland said in a statement. Under this partnership, the bank will provide competitive dealer finance options to the dealers, it added.
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Infosys, Bajaj Auto are among the top Nifty50 companies that are scheduled to announce their March quarter results on April 18. According to the median estimate of 13 brokerages polled by Moneycontrol, IT bellwether Infosys' Q4 earnings will likely be marred by continued weak discretionary spending in the US, with revenue falling and net profit little changed quarter-on-quarter.
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