Spandana Sphoorty to raise Rs 400 crore via rights issue for FY26 plans
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
40 minutes ago
- Mint
Stock market this week: US-India trade deal, Q1 earnings, macro-economic data top triggers that may dictate Dalal Street
Indian stock market indices—the Sensex and Nifty 50— ended on a weaker note on Friday, July 18, marking their third straight week of losses. The Nifty 50 slipped below the crucial 25,000 mark. Over the last three weeks, the Sensex has shed about 2,300 points, or nearly 3 per cent, and the Nifty 50 has seen a similar 3 per cent decline. On July 18, the Nifty 50 declined by 143 points, or 0.57 per cent, settling at 24,968.40, while the Sensex dropped 502 points, or 0.61%, finishing at 81,757.73. 'Markets edged lower on Friday, losing over half a percent, primarily due to weak earnings. A sharp decline in Axis Bank following its results made participants cautious ahead of upcoming earnings from other banking heavyweights, namely HDFC Bank and ICICI Bank, which are scheduled over the weekend. Additionally, the results of another index heavyweight, Reliance Industries, expected after market hours on Friday, further added to the cautious sentiment. As a result, the Nifty index nearly tested the support zone of 24,900 before settling at 24,968.40 level,' said Ajit Mishra – SVP, Research, Religare Broking Ltd. Markets continued to decline for the third straight week, as investor sentiment remained cautious amid a weak start to the earnings season and persistent uncertainty over the US-India trade agreement. Like the previous week, the benchmark indices initially showed some strength in the first three sessions, but the momentum shifted downward in the latter part of the week. By the end of the week, both the Nifty and Sensex closed near their weekly lows at 24,968.40 and 81,757.73, respectively. On the Nifty outlook next week, brokerage firm Bajaj Broking said, ' Nifty on the weekly chart formed a bear candle with a lower high and lower low signaling continuation of the corrective decline for the third consecutive week. Market activity was largely stock-specific, awaiting concrete cues on both macro and micro fronts. The market is expected to be volatile in Monday's session, driven by the quarterly results of key index heavyweights—Reliance Industries, ICICI Bank, and HDFC Bank. These earnings will serve as a crucial trigger to watch. Key level to track remains at 24,900. A sustained breach below the same could prolong the corrective phase towards 24,600–24,400. Conversely, holding above may trigger a technical rebound towards last week high (25,255). However, only a breakout past last week's high would confirm a pause in ongoing correction and open upside potential towards 25,500–25,600 in the near term.' Meanwhile, on the Bank Nifty outlook, it added, ' Bank Nifty formed a sizable bear candle signaling profit booking at higher levels for the second session in a row. The index on Friday's session breached the last 10 sessions consolidation range 56,500-57,600 signaling extended decline. A follow through weakness will open further downside towards 55,000 levels. Key short-term term support is placed at 56,000–55,500 region, representing a confluence of the 50-day EMA and the key retracement level.' India and the United States have completed the fifth round of discussions for the proposed Bilateral Trade Agreement (BTA) in Washington. The four-day talks, held from July 14 to 17, were headed by India's chief negotiator and special secretary in the commerce department, Rajesh Agrawal. This round of negotiations is especially significant as both countries are working to finalize an interim trade pact before August 1. This date marks the conclusion of the suspension period for the Trump-era tariffs, which had introduced additional duties of up to 26% on imports from several nations, including India. According to reports, Donald Trump has increased pressure in trade talks with the European Union by insisting that any agreement include a minimum tariff ranging between 15% and 20%. On the macroeconomic side, key data indicators like India's Infrastructure Output and HSBC Flash PMI figures for Manufacturing, Services, and Composite sectors will be closely monitored. The focus will stay on the ongoing earnings season as a number of major results are expected. In the coming sessions, several leading companies such as Infosys, Dr. Reddy's Laboratories, Bajaj Finance, Nestle India, and Cipla are set to release their quarterly earnings. The IPO buzz in the primary market is all set to continue as 10 new public issues, including five in mainboard segment, are scheduled to open for subscription next week. Apart from new issues, the market will also witness listing of Monika Alcobev IPO in the coming week. Foreign Portfolio Investors (FPIs) offloaded shares worth ₹ 3,694 crore in Indian equities, whereas Domestic Institutional Investors (DIIs) made net purchases amounting to ₹ 2,820 crore, as per provisional data from the NSE, on Friday, July 17. DIIs bought shares totaling ₹ 13,523 crore and sold shares worth ₹ 10,702 crore. Meanwhile, FPIs purchased stocks worth ₹ 11,633 crore but sold ₹ 15,327 crore during the day. Cumulatively for the year, FPIs have been net sellers of equities valued at ₹ 1.32 lakh crore, while DIIs have emerged as net buyers with a total of ₹ 3.67 lakh crore. Crude oil futures remained largely steady on Friday amid mixed signals from U.S. economic and tariff developments, along with concerns over supply due to the European Union's newest sanctions on Russia over its invasion of Ukraine. Brent crude slipped by 24 cents, or 0.3%, closing at $69.28 per barrel, while U.S. West Texas Intermediate (WTI) crude declined by 20 cents, or 0.3%, finishing at $67.34. Both benchmarks ended the week roughly 2% lower. Gold prices climbed on Friday, supported by a softer U.S. dollar and persistent geopolitical and economic uncertainties that increased the appeal of the safe-haven asset. Meanwhile, platinum prices dipped after touching their highest levels since 2014. Spot gold was up 0.4% at $3,351.18 per ounce, rebounding after a 1.1% decline in the previous session. According to Ajit Mishra – SVP, Research, Religare Broking Ltd, market indices to remain in a consolidation phase with a negative bias in the near term, driven by a weak start to the earnings season and prevailing global uncertainties. " Nifty ended the week below the key psychological mark of 25,000, indicating sustained caution. The index remains vulnerable to further downside if it breaks below the immediate support zone of 24,900. A breakdown could drag the index toward the 24,450–24,700 zone in the coming sessions. On the upside, the 20-day EMA—currently acting as a short-term hurdle—may restrict recovery around the 25,250 mark. A decisive move above this level is essential for any bullish reversal. Until then, the broader trend is expected to remain under pressure," Mishra said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
15 hours ago
- Time of India
Sleepless in Kyiv: How Ukraine's capital copes with Russia's nighttime attacks
Several nights a week, Daria Slavytska packs a yoga mat, blankets and food into a stroller and descends with her two-year-old Emil into the Kyiv subway. While air raid sirens wail above, the 27-year-old tries to snatch a few hours' sleep safely below ground. For the past two months, Russia has unleashed nighttime drone and missile assaults on Kyiv in a summer offensive that is straining the city's air defences, and has its 3.7 million residents exhausted and on edge. Explore courses from Top Institutes in Select a Course Category Project Management Product Management CXO Technology Leadership MCA Artificial Intelligence Healthcare Cybersecurity Data Science Finance Digital Marketing MBA PGDM Public Policy Data Analytics Management healthcare Operations Management Design Thinking Degree Others others Data Science Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Other towns and villages have seen far worse since Russia launched its full-scale invasion in early 2022 - especially those close to the frontline far to the east and south. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Many Are Watching Tariffs - Few Are Watching What Nvidia Just Launched Seeking Alpha Read More Undo Many have been damaged or occupied as Russia advances, and thousands of people have fled to the capital, considered the best-defended city in the country. But recent heavy attacks are beginning to change the mood. At night, residents rush to metro stations deep underground in scenes reminiscent of the German "Blitz" bombings of London during World War Two. Live Events Slavytska has started nervously checking Telegram channels at home even before the city's alarms sound, after she found herself in early July running into the street to reach the metro with explosions already booming in the sky. The number of people like Slavytska taking refuge in the cavernous Soviet-era ticket halls and drafty platforms of Kyiv's 46 underground stations soared after large-scale bombardments slammed the city five times in June. Previously, the loud air raid alert on her phone sent Emil into bouts of shaking and he would cry "Corridor, corridor, mum. I'm scared. Corridor, mum," Slavytska said. Now, accustomed to the attacks, he says more calmly "Mum, we should go". "We used to come here less often, about once a month," Slavytska said, sheltering in Akademmistechko station in western Kyiv. "That was six months ago. Now we come two or three times a week." She spent the night curled up on her pink mat with Emil by a column lining the subway tracks. The subway system recorded 165,000 visits during June nights, more than double the 65,000 visits in May and nearly five times the number in June last year, its press service told Reuters. More people were heading to the shelter because of "the scale and lethality" of attacks, the head of Kyiv's military administration, Tymur Tkachenko, told Reuters. He said strikes killed 78 Kyiv residents and injured more than 400 in the first half of the year. U.S. President Donald Trump cited Russia's strikes on Ukrainian cities when announcing his decision on Monday to offer Kyiv more weapons, including Patriot missiles to boost its air defences. "It's incredible that (people) stay, knowing that a missile could be hitting your apartment," Trump said. Russia launched more than 30 missiles and 300 drones during an overnight assault on Saturday that affected 10 regions of Ukraine, President Volodymyr Zelenskiy said, including a mass drone attack on the Black Sea port city of Odesa. EXHAUSTION AND TERROR In April, a strike in Kyiv destroyed a residential building a couple of kilometres from Slavytska's apartment block. "It was so, so loud. Even my son woke up and I held him in my arms in the corridor," she said. "It was really scary." With the threat of losing her home suddenly more tangible, she now takes her identity documents with her underground. After seeing how stressed Emil became after the air alerts, Slavytska sought help from a paediatrician, who recommended she turn off her phone's loud notifications and prescribed a calming medication. Slavytska tells Emil the loud sound during attacks is thunder. Scientists and psychologists say that the lack of sleep is taking its toll on a population worn down by more than three years of war. Kateryna Holtsberh, a family psychologist who practices in Kyiv, said sleep deprivation caused by the attacks was causing mood swings, extreme stress and apathy, leading to declined cognitive functions in both kids and adults. "Many people say that if you sleep poorly, your life will turn into hell and your health will suffer," said Kateryna Storozhuk, another Kyiv region resident. "I didn't understand this until it happened to me." Anton Kurapov, post-doctoral scholar at the University of Salzburg's Laboratory for Sleep, Cognition and Consciousness Research , said it was hard to convey to outsiders what it felt like to be under attack. "Imagine a situation where you go out into the street and a person is shot in front of you ... and what fear you experience, your heart sinks," he said. "People experience this every day, this feeling." Kurapov warned that the impact of such stress could result in lifetime consequences, including chronic illnesses. A study he led that was published in the European Journal of Psychotraumatology in August 2024 showed that 88% of Ukrainians surveyed reported bad or very bad sleep quality. Lack of sleep can significantly impact economic performance and soldiers' ability to fight, said Wendy Troxel , senior behavioural scientist at RAND Corporation , a U.S. think-tank. RAND research in 2016 which Troxel co-authored showed that lack of sleep among the U.S. working population was costing the economy up to $411 billion a year. As she tries to squeeze out more hours of sleep in the subway, Slavytska is looking into buying a mattress to bring underground that would be more comfortable than her mat. Danish retailer JYSK says the air strikes prompted a 25% jump in sales of inflatable mattresses, camp beds and sleep mats in Kyiv in three weeks of June. Others are taking more extreme measures. Small business owner Storozhuk, who had no shelter within three km of her home, invested over $2,000 earlier this year in a Ukrainian-made "Capsule of Life" reinforced steel box, capable of withstanding falling concrete slabs. She climbs in nightly, with her Chihuahua, Zozulia. "I developed a lot of anxiety and fear," Storozhuk said. "I realized that in order to be able to sleep peacefully in Ukraine, I needed some kind of safe shelter."
Time of India
18 hours ago
- Time of India
Central Bank of India Q1 Results: Net profit surges 33% to Rs 1,169 crore
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel New Delhi, State-owned Central Bank of India on Saturday posted a 33 per cent growth in net profit at Rs 1,169 crore during the first quarter of this financial year, aided by improvement in core income and decline in bad Mumbai-based bank had earned a net profit of Rs 880 crore in the same quarter of the previous fiscal total income rose to Rs 10,374 crore during the June quarter of 2025-26, from Rs 9,500 crore in the same quarter of FY25, Central Bank of India said in a regulatory earned by the bank improved to Rs 8,589 crore, as compared to Rs 8,335 crore in the June quarter the period under review, operating profit of the bank increased to Rs 2,304 crore, as compared to Rs 1,933 crore in the same quarter a year bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 3.13 per cent of gross advances at the end of the June quarter, from 4.54 per cent a year advance increased by 9.97 per cent to Rs 2,75,595 crore from Rs 2,50,615 crore at the end of June net NPAs, or bad loans, declined to 0.49 per cent, as against 0.73 per cent in the year-ago a result, provisions and contingencies halved to Rs 521 crore during the first quarter as compared to Rs 1,191 crore in the same period a year Coverage Ratio (PCR) improved to 97.02 per cent, from 96.17 per cent, an improvement of 85 basis the same time, Return on Assets (ROA) improved to 1.02 per cent for June 2025, from 0.82 per cent at June 2024, registering an improvement of 20 bps, it adequacy ratio of the bank rose to 17.6 per cent, from 15.6 per cent in the same quarter of business grew by 10.84 per cent to Rs 7,04,485 crore from Rs 6,35,564 crore at the end of June 2024. PTI
