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Yes Bank share price today zoomed as much as 20 per cent to hit upper circuit at Rs 31.60 apiece on BSE in an otherwise weak trade on Thursday, after the private sector lender reported a net profit of Rs 2,629 crore for the quarter ended on March 31. Yes Bank, which is now recovering with the help of an RBI-guided bailout, had posted a loss of Rs 18,560 crore in the October-December quarter of Read More

S&P on Tuesday said Axis Bank’s results for the year ended March 31 underscore high levels of stress and uncertainty across the Indian banking system. “The negative outlook on Axis (BBB-/Negative/A-3) reflects our view that the economic risks for the banks, and the Indian economy at large, remain high,” the agency said in its report. “In our opinion, systemic pressures for Indian banks could rise owing to the recently announced extension of the nationwide lockdown Read More

Liquor stocks fell as much as 6 per cent in an otherwise strong market on Tuesday. In Delhi, the liquor stores were opened as part of the new guidelines related to the ongoing lockdown due to coronavirus. But people flouted social distancing norms and flocked around liquor shops. Following this, Arvind Kejriwal-led Aam Aadmi Party (AAP) government in Delhi imposed a ‘special coronavirus fee’ by increasing excise duty on liquor by 70 per cent. However, Read More

Asian shares advanced on Thursday, riding a wave of optimism about a possible treatment for the coronavirus that set off a rally on Wall Street powerful enough to override data showing the US economy had logged its worst quarterly performance since 2009. Japan’s benchmark Nikkei 225 surged 2.6 per cent in morning trading to 20,277.56, while Australia’s S&P/ASX 200 gained 1.3 per cent to 5,461.00.  The Shanghai Composite added 1.2 per cent to 2,854.85. Markets Read More

The Bombay Stock Exchange has introduced trading in negative prices for crude oil on its commodities derivative segment Commex. BSE on Tuesday changed its trading platforms in a manner to accommodate negative prices of crude oil. The move comes weeks after April crude oil futures fell to a negative $37.63 per barrel. The sharp fall in crude oil futures forced MCX, the country’s largest commodity bourse, to settle April crude contracts at a negative Rs Read More