Stock Market Today: The GIFT Nifty on the NSE IX increased by 31 points, or 0.14 per cent, to 22,652.50 on Monday, indicating that Dalal Street was off to a good start. After the large payrolls report last week, investors turned their attention to U.S. inflation data, and the dollar was steady but sluggish in Asian trading on Monday as Treasury rates hit record highs for December. The Reserve Bank of India maintained the benchmark interest rate at 6.5% for the seventh consecutive week on Friday, which helped the rupee gain 8 paise to settle at 83.31 against the US dollar. US markets had a positive finish on Friday as the positive outlook for the economy was bolstered by a robust jobs report.
Stock Market Today: Stocks in focus
Bank of Baroda
As of March 31, Bank of Baroda’s domestic deposits had increased to 11.3 lakh crore, a 7.75% annual increase. Furthermore, there has been a notable increase in domestic advances, with a 12.8% increase to Rs 8.97 lakh crore. Additionally, global advances have climbed to Rs 10.9 lakh crore, up 12.4% year over year, while global deposits have increased by 10.2% to a total of Rs 13.3 lakh crore.
Titan
In the quarter that ended in March 2024, Titan, a Tata Group firm, reported strong year-over-year revenue growth of about 17%, with its jewellery division leading the way with an 18% gain. Even while the eyecare industry was down, startups like Taneira and CaratLane saw tremendous growth.
Vodafone-Idea
The board of Vodafone Idea has approved the issuing of up to 139 crore equity shares, or Rs 2,075 crore, to Oriana Investments Pte. Ltd., despite the company’s continued financial difficulties. The authorised share capital was increased from Rs 75,000 crore to Rs 1 lakh crore by the board as well.
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