US stock indexes dropped on Monday, with the S&P 500 on course to confirm a correction as the prospect of a Russian attack on Ukraine posed as a double whammy for investors already worried about aggressive policy tightening by the Federal Reserve. In India, shares of companies like Maruti Suzuki India, Cipla, Allsec Technologies, APL Apollo Tubes, Emkay Global Financial Services, Federal Bank, Finolex Industries, Indiabulls Real Estate, ICRA, Macrotech Developers, Max India, Pidilite Industries, Raymond, RPG Life Sciences, Star Cement, Torrent Pharmaceuticals, and United Spirits will be in focus as they announce their December quarter earnings today.
Nifty below 17,000-mark at open
Sensex drops 800 pts, Nifty under 17k at open amid weak market cues
Markets in pre-open
Nifty in pre-open
Axis Bank Q3 results
Private lender Axis Bank on Monday reported a 224% year-on-year (YoY) rise in standalone net profit at ₹3,614 crore for the December quarter (Q3FY22) compared with a profit of ₹1,116.6 crore in the corresponding quarter last year. On a quarter-on-quarter (QoQ) basis, Axis Bank’s profit registered a 15% growth. The private sector lender’s net interest income rose 17% over a year ago to ₹8,653 crore. Other income stood at ₹3,840 crore, up 31% YoY. The bank’s retail loans grew 18% YoY and 6% QOQ to ₹3,67,494 crore and accounted for 55% of the net advances.
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Stocks to Watch: Maruti, Axis Bank, Vodafone Idea, IEX, Deepak Nitrite
Here is the list of the top 10 stocks that are likely to be in focus on Tuesday.
Bitcoin rises marginally while ether, dogecoin, Solana, other crypto prices today continue to plunge
Bitcoin gained after tumbling to its lowest level in six months in the previous sessions. The largest cryptocurrency was marginally higher at $36,013 after earlier dropping to $32,951, its lowest price since…
Read More: Sensex drops 800 pts, Nifty under 17k at open amid weak market cues