Oil prices little changed as industry report points to slowing US demand
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Mint
31 minutes ago
- Mint
Mcap of 5 of top 10 most valued firms surge by ₹60,676 crore; SBI, HDFC Bank biggest gainers
The combined market capitalisation of five of the country's top-10 most valued companies rose by ₹ 60,675.94 crore last week, with State Bank of India (SBI) and HDFC Bank leading the gains, supported by an overall positive sentiment in equities. In the holiday-shortened week, the Sensex advanced 739.87 points (0.92%), while the Nifty gained 268 points (1.10%). Among the top-10 firms, Reliance Industries, HDFC Bank, Bharti Airtel, SBI, and Infosys recorded an increase in valuation. In contrast, TCS, ICICI Bank, Hindustan Unilever, LIC, and Bajaj Finance saw their market capitalisation decline. SBI's valuation jumped the most, rising by ₹ 20,445.82 crore to ₹ 7,63,095.16 crore, followed by HDFC Bank, which added ₹ 14,083.51 crore to reach ₹ 15,28,387.09 crore. Infosys gained ₹ 9,887.17 crore, taking its valuation to ₹ 6,01,310.19 crore. Bharti Airtel's mcap climbed ₹ 8,410.6 crore to ₹ 10,68,260.92 crore, while Reliance Industries increased ₹ 7,848.84 crore to ₹ 18,59,023.43 crore. On the other hand, LIC's valuation fell the most by ₹ 15,306.5 crore to ₹ 5,61,881.17 crore. Bajaj Finance shed ₹ 9,601.08 crore to ₹ 5,35,547.44 crore, ICICI Bank dropped ₹ 6,513.34 crore to ₹ 10,18,982.35 crore, TCS slipped ₹ 4,558.79 crore to ₹ 10,93,349.87 crore, and Hindustan Unilever dipped ₹ 3,630.12 crore to ₹ 5,83,391.76 crore. Despite the mixed trend, Reliance Industries remained the most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
Economic Times
39 minutes ago
- Economic Times
The Barbell Advantage: Positioning for stability and opportunity in Indian fixed income
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The global fixed income backdrop is shifting as the US Federal Reserve looks poised to deliver its first rate cut of the current cycle this September. Markets place the odds of a 25 basis point cut at nearly certain levels, with the target fed funds range expected to move from 4.25–4.50% down to 4.00–4.25%.With signs of slowing labour markets, muted inflation pressures, and the potential for up to three cuts before the end of the year, this marks a clear pivot from the Fed's long pause since December US yields have moved materially, Indian bond yields have tended to react, largely via sentiment and capital easing cycles in the US have often led to benign moves in Indian yields, though the scale and speed vary depending on domestic now, the global shift towards easing, if sustained, can encourage flows into emerging market debt such as India's — a factor that can help anchor local yields, especially in the absence of major fiscal Indian bonds have held up in the face of global volatility. The RBI has already front-loaded policy easing since February, cutting the repo rate by a cumulative 100 basis points to 5.50%.This was complemented by large liquidity support, with a further 100 basis point CRR cut to be phased in from September to November, adding approximately INR2.5 lakh crore of liquidity into the banking has been running below the 4% target, with CPI in July printing at just 1.55%, though the RBI's projections point towards a gradual climb, crossing 4% in early forecasts remain steady at 6.5% for FY26, supported by rural consumption recovery and government-led capital expenditure As many market participants have also observed, the local yield curve has steepened in recent months, especially between the 10-year and 15-year maturities, as limited 10-year supply and cautious sentiment have pushed intermediate yields bonds have been relatively more stable. This steepening has occurred even though the underlying global and domestic macro backdrop arguably favours a constructive duration fixed income investors, the next 12–18 months seem to offer opportunities at both ends of the maturity spectrum. In the near term, credit spreads in high quality corporate bonds remain stable and 1–5 year AAA-rated corporate bonds with short-duration accrual strategies can deliver steady income while benefiting from the downward drift in short-term rates as CRR cuts inject part of the portfolio plays defence while locking in yields that may compress other leg of positioning is to maintain core exposure to long-duration government bonds , particularly in the 14–15-year segment and selectively at the very long steepening at the longer end seems to be overdone relative to fundamentals, and a normalisation of sentiment or moderation in supply could see spreads Fed easing and global growth softness push US and Indian yields lower, this part of the book stands to benefit from capital this barbell approach — accrual-oriented short duration plus strategic long duration — aligns with an outlook where local rates are near the end of their easing cycle but global conditions remain supportive for RBI may hold through October and consider one final 25 basis point cut in December, but even without it, abundant liquidity and anchored inflation expectations should keep yields remain — from renewed inflation pressures, higher long-bond supply, or global shocks — but the balance of probabilities favours a stable to stronger bond market therefore, can use the current steepness in parts of the curve to add duration selectively while earning carry from shorter corporate a patient strategy for a cycle that appears closer to its bottom in India yet is still in its early stages globally.(The author is Managing Director and Head of Investment Strategy & Solutions, Waterfield Advisors.)(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
Indian Express
an hour ago
- Indian Express
Stocks to Watch on Monday, August 18: Infosys, Indian Oil, Ashok Leyland, Hindustan Copper and more
Stocks to Watch: Shares of several companies will remain in focus on Monday (August 18) including Infosys, Indian Oil, Ashok Leyland, Hindustan Copper, Vodafone Idea, etc. On Thursday (August 14), the benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade. The 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30. IT company Infosys plans to acquire 75 per cent stake in Versent Group, a wholly-owned subsidiary of Australian telecom firm Telstra, for 233.25 million Australian dollars or about Rs 1,336 crore, the company said in a regulatory filing. The acquisition is part of strategic collaboration between Infosys and Telstra to form a joint venture to provide AI-enabled cloud and digital solutions for Australian businesses. State-owned Indian Oil Corporation Ltd (IOC) on Thursday reported more than doubling of its first quarter net profit, as marketing margins surged because of holding of retail prices despite a drop in input oil cost. Its standalone net profit of Rs 5,688.60 crore in April-June – the first quarter of the 2025-26 fiscal year – compared to Rs 2,643.18 crore earnings in the same period of the last year, according to a stock exchange filing by the company. The first quarter profit is nearly half of the company's full 2024-25 (April 2024 to March 2025) fiscal year earnings of Rs 12,961.57 crore. Amara Raja Energy & Mobility Ltd reported a 33 per cent decline in consolidated profit after tax at Rs 164.8 crore in the first quarter ended June 30, 2025, impacted by higher expenses. The company had posted a consolidated Profit After Tax (PAT) of Rs 249.12 crore in the corresponding period of last fiscal, Amara Raja Energy & Mobility Ltd said in a regulatory filing. Ashok Leyland reported a 19.44 per cent rise in consolidated net profit at Rs 657.72 crore in the first quarter ended June 30, 2025, riding on record volumes. The company had posted a consolidated net profit of Rs 550.65 crore in the corresponding period of the last fiscal, Ashok Leyland said in a regulatory filing. State-owned Hindustan Copper on Thursday posted an over 18 per cent rise in consolidated net profit to Rs 134.28 crore in the June quarter of FY26, supported by higher revenues. The company, which is engaged in copper ore mining, had logged a net profit of Rs 113.40 crore in the April-June period of preceding 2024-25 financial year. According to an exchange filing, Hindustan Copper's total income rose to Rs 526.65 crore in the first quarter from Rs 500.44 crore in the same period a year ago. Inox Wind's consolidated net profit more than doubled to Rs 97.34 crore in the June quarter compared to the year-ago period, mainly due to higher revenues. It had posted a consolidated net profit of Rs 41.59 crore in the year-ago period, a BSE filing showed. Glenmark Pharmaceuticals Ltd reported an 86 per cent drop in consolidated profit after tax to Rs 46.97 crore in the first quarter ended June 30, 2025, impacted by a provision for settling a litigation in the US. The company had posted a consolidated profit after tax (PAT) of Rs 340.24 crore in the corresponding period of the last fiscal, Glenmark Pharmaceuticals Ltd said in a regulatory filing. Vodafone Idea reported widening of its consolidated loss to Rs 6,608 crore in the first quarter ended June 30, 2025, mainly on account of an increase in finance cost. The company had posted a loss of Rs 6,426.7 crore in the same period a year ago, according to an exchange filing. IRB Infrastructure posted an over 45 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 202.4 crore in the June quarter of FY26, supported by higher revenues. The company had logged a net profit of Rs 139.9 crore in the April-June period of the 2024-25 financial year. According to an exchange filing, its total income rose to Rs 2,164.5 crore in the first quarter from Rs 1,971.6 crore in the same period a year ago. (With inputs from PTI)
