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Time of India
an hour ago
- Time of India
Currency watch: Rupee rises 16 paise to 85.76 against dollar; crude oil slide & weak greenback lift sentiment
The rupee appreciated by 16 paise to settle at 85.76 against the US dollar on Tuesday, helped by a weaker greenback and softer crude oil prices globally. However, persistent foreign fund outflows and uncertainty surrounding the ongoing India-US trade negotiations limited the currency's upward movement, according to forex dealers. At the interbank foreign exchange market, the rupee opened at 85.97 and moved in a tight range between 85.75 and 85.97 during the session. It eventually ended the day at 85.76, recovering from its previous close of 85.92, PTI reported. "The Reserve Bank of India has been guarding the rupee at the 86.00 level and on Tuesday also ensured that the rupee opens a tad higher than 86," said Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP. He added, "For tomorrow (Wednesday), we expect the rupee to be in the range of 85.50–86.10 with expectations of more flows." Dollar, crude prices ease The dollar index, which tracks the US currency against a basket of six peers, declined 0.11% to 97.97, supporting emerging market currencies. Brent crude, the global oil benchmark, was down 0.43% to $68.91 per barrel in futures trade, reducing pressure on India's import bill. Trade talks and equity flows in focus The gains in the rupee were tempered by ongoing concerns over the outcome of bilateral trade negotiations between India and the US. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo A team from India's commerce ministry is currently in Washington for the latest round of discussions on the proposed bilateral trade agreement. The four-day meeting began on Monday and is set to conclude on Thursday. M eanwhile, India's merchandise exports held steady at $35.14 billion in June, while the trade deficit narrowed to a four-month low of $18.78 billion, according to government data released Tuesday. On the domestic equities front, both benchmark indices ended in the green. The Sensex rose 317.45 points to close at 82,570.91, and the Nifty advanced 113.50 points to settle at 25,195.80. Foreign institutional investors (FIIs) were net buyers on the day, purchasing equities worth Rs 120.47 crore, according to stock exchange data. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Print
an hour ago
- The Print
Stock markets cut short four-day decline; Sensex rises 317 pts on gains in auto, pharma shares
The 50-share NSE Nifty edged higher by 113.50 points or 0.45 per cent to 25,195.80. The 30-share BSE Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. During the day, it jumped 490.16 points or 0.59 per cent to 82,743.62. Mumbai, Jul 15 (PTI) Stock markets snapped the four-day falling streak on Tuesday with the benchmark Sensex rebounding by 317 points on buying in auto and pharma shares amid a decline in retail inflation to a more than six-year low, nearing the RBI's comfort zone. In the last four trading days, the Sensex dropped 1,459.05 points or 1.74 per cent and the Nifty declined by 440 points or 1.72 per cent. Among Sensex firms, Sun Pharma, Trent, Tata Motors, Bajaj Finserv, Mahindra & Mahindra and Bajaj Finance were the major gainers. However, HCL Tech declined 3.31 per cent after the IT services firm reported a 9.7 per cent drop in consolidated net profit for the June quarter, hurt by higher expenses and the one-time impact of a client bankruptcy. Eternal, Tata Steel, Kotak Mahindra Bank and Axis Bank were also the laggards. Retail inflation declined to over six-year low of 2.1 per cent in June, nearing the RBI's comfort zone, on account of subdued prices of food items, including vegetables, driven by widespread monsoon. The Consumer Price Index-based inflation was 2.82 per cent in May and 5.08 per cent in June 2024. Inflation is on a decline since November 2024. 'Market sentiment is showing signs of improvement, supported by a blend of global and domestic developments. Optimism is growing around the possibility of an interim trade agreement with the US, which could lead to a moderation in tariff-related risks. 'Concurrently, domestic inflation has fallen to multi-year lows, strengthening expectations of a further rate cut by the RBI—potentially accelerating future economic growth, which is currently showing signs of improvement,' Vinod Nair, Head of Research, Geojit Investments Limited, said. The BSE smallcap gauge climbed 0.95 per cent and midcap index went up by 0.83 per cent. Among BSE sectoral indices, auto (1.48 per cent), healthcare (1.14 per cent), consumer discretionary (0.89 per cent), FMCG (0.80 per cent), realty (0.77 per cent) and services (0.58 per cent) were the gainers. Utilities emerged as the only laggard. As many as 2,576 stocks advanced while 1,479 declined and 160 remained unchanged on the BSE. 'Markets witnessed some respite and edged marginally higher after four consecutive sessions of decline. Participants drew comfort from the further easing of CPI inflation, which triggered notable buying in rate-sensitive sectors on hopes of a potential rate cut. However, continued disappointment from the IT space, following HCL Technologies' results, capped overall momentum,' Ajit Mishra – SVP, Research, Religare Broking Ltd, said. In Asian markets, South Korea's Kospi, Japan's Nikkei 225 index and Hong Kong's Hang Seng settled in the positive territory while Shanghai's SSE Composite index ended lower. European markets were trading in the green. The US markets ended in positive territory on Monday. Global oil benchmark Brent crude dipped 0.17 per cent to USD 69.09 a barrel. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,614.32 crore on Monday, while Domestic Institutional Investors (DIIs) bought stocks worth Rs 1,787.68 crore, according to exchange data. On Monday, the Sensex dropped by 247.01 points or 0.30 per cent to settle at 82,253.46. The Nifty settled lower by 67.55 points or 0.27 per cent to 25,082.30. PTI SUM MR MR This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
3 hours ago
- News18
HDB Financial Services Q1 FY26 Results:14.7% AUM Growth, Profit Falls To Rs 568 Cr
Last Updated: HDB Financial Services, a subsidiary of HDFC Bank, reported a 14.7% YoY growth in AUM to Rs 1,09,690 crore as of June 30, 2025. HDB Financial Q1FY26 Results: HDB Financial Services Limited (HDBFS), a subsidiary of HDFC Bank, reported a 14.7% year-on-year (YoY) growth in Assets Under Management (AUM), reaching rs 1,09,690 crore as of June 30, 2025, compared to Rs 95,643 crore a year ago. The company's board approved the unaudited financial results for the quarter ended June 30, 2025, at its meeting held in Mumbai on Tuesday. This is the first quarterly earnings of HDB Financial Services post the launch of the IPO to raise Rs 12,500 crore from the primary market. Shares of HDB Financial Services Limited fell 0.28 per cent on Tuesday to settle at Rs 841 per share. Gross loans rose by 14.3% YoY to Rs 1,09,342 crore, while net interest income grew 18.3% to Rs 2,092 crore. Net total income came in at Rs 2,726 crore, up 14.2% from the same period last year. The company's pre-provisioning operating profit increased 17.2% to Rs 1,402 crore, but rising provisions impacted overall profitability. Loan losses and provisions surged to Rs 670 crore, up from Rs 412 crore in Q1FY25, resulting in a slight decline in profit. Profit before tax fell to Rs 733 crore from Rs 784 crore, while profit after tax stood at Rs 568 crore, down from Rs 582 crore in the same quarter last year. Asset quality weakened with Gross Stage 3 loans rising to 2.56%, compared to 1.93% a year ago. Net Stage 3 loans stood at 1.11%, up from 0.77% in June 2024. The provisioning coverage ratio declined to 56.70% from 60.24%. HDB Financial Services Limited (HDBFS) is a non-deposit taking non-banking finance company ('NBFC') offering wide range of loan products to individuals, emerging businesses and micro enterprises. Established in 2007, as a subsidiary of HDFC Bank Limited, HDBFS is categorized as an upper layer NBFC by the RBI. HDBFS offers a large portfolio of lending products that cater to a growing and diverse customer base through a wide omni-channel distribution network. Its lending products are offered through the three business verticals: Enterprise Lending, Asset Finance and Consumer Finance. As of June 30, 2025, the Company's distribution network spans 1,771 branches across 1,166 cities/ towns. About the Author Varun Yadav Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. Location : New Delhi, India, India First Published: July 15, 2025, 18:06 IST News business » markets HDB Financial Services Q1 FY26 Results:14.7% AUM Growth, Profit Falls To Rs 568 Cr
