Led by continued strength in the retail and SME segment, credit growth had accelerated to about 12.1 per cent YoY in the middle of June.NIM or net interest margin is expected to grow since the yield on advances would have moved up faster than the cost of deposits due to repo rate-linked loans getting re-priced immediately.

Shares of Canara Bank climbed 6.33 per cent to Rs 205. At Canara Bank's prevailing market capitalisation of Rs 37,189.67 crore, Jhunjhunwala's stake is valued at Rs 729 crore. The scrip has delivered a flat return year-to-date but has climbed 33 per cent in the last year.

According to a recent report in June, the brokerage called the company a jack of many games but master of one, as barring eSports, Nazara is not a dominant player in any of the other segments.

On BSE, the stock of FSN E-Commerce Ventures, Nykaa's parent, hit a day's high of Rs 1,469.85. At 12:08 p.m., the stock was trading 4 per cent higher at Rs 1,456 on the stock exchange.

The company recently acquired 43,234 square feet of land in Vapi, Gujarat, for shifting of existing manufacturing facilities and expansion of business. The company has also received permission for construction on the given land.

The continent-wide STOXX 600 index was up 0.8% by 0718 GMT, after closing 1.7% higher in the previous session as a strike by Norway's oil and gas workers came to an end.semiconductor firms STMicroelectronics, BE Semiconductors, ASM International, ASML Holding gained between 2.4% and 3.3% after Samsung Electronics

Chip-making equipment maker Tokyo Electron rose 1.9% and was the biggest boost for the Nikkei, followed by robot maker Fanuc, which advanced 3.75%. Air-conditioning maker Daikin Industries climbed 2.81%.KDDI rose 1.95% as the mobile phone operator's networks returned to normal after a nationwide system failure which affected almost 40 million users earlier this week.

The couple has been holding the owner of India Gate Basmati rice brand at least since the December quarter of 2015, data compiled by Trendlyne suggested. They have been holding on to about a 4 per cent stake in the company at least since the previous eight quarters.

Most investors focus purely on the price and the price trend, but they tend to overlook the PE trend and the earnings trend over the lifespan of an investment. But it is very important to understand the reason for price fluctuations. Stock prices tend to surge due to a surge in PE or increased earnings, or both.

"With huge projects coming under roadways, including metro projects and irrigation & water infra projects, these sectors are likely to witness good traction in awarding activity along with building quality infrastructure," the brokerage firm pointed out.

The company said it witnessed revenue growth of over 115 per cent YoY for India operations and 65 per cent for Middle East operations. Larger peer Titan Company, on the other hand, has reported revenue growth of 207 per cent YoY (excluding bullion sales) for the segment on a low base.

The company recently acquired 43,234 square feet of land in Vapi, Gujarat, for shifting of existing manufacturing facilities and expansion of business. The company has also received permission for construction on the given land.

He added that it's hard to be overly bearish on oil prices as the Brent monthly spreads remain in wide backwardation, indicating tight supplies. Prompt-month prices are higher than those in future months in a backwardated market.

Credit Suisse has initiated its coverage on ICICI Lombard General Insurance with an outperform rating and a target price of Rs 1,400 as it believes execution on growth and retail health franchise scale-up will drive stock re-rating. The brokerage said that delayed ROE recovery warrants a discount to the long-term multiple. It values the company at 32x 24-month forward earnings to arrive at the target.

The CASA deposits saw YoY growth of 55 per cent and quarter-on-quarter (QoQ) growth of 7 per cent to Rs 10,548 crore. The figure stood at Rs 9,855 crore in March 2022 quarter and at Rs 6,793 crore in the June quarter last year.

The TPG-backed company said on Wednesday that Nykaa Fashion would launch Gloot - its first innerwear and athleisure brand for men.

Reliance Jio is likely to lead the June quarter growth in subscriber base addition and growth in average revenue per user (ARPU) while Airtel is likely to lead revenue growth for the quarter on a sequential basis. Vodafone Idea will likely be the only telecom operator reporting losses for the quarter. Here's what one should expect from the telecom sector going into the earnings season:

The firm’s total sales value rose 67.7 per cent YoY to Rs 11.45 billion, it said, adding that its share of sales value was the highest ever at Rs 9,517 million.

Jhunjhunwala and his better half Rekha Jhunjhunwala owned a 5.05 per cent stake in Titan as of March 31, 2022. The June quarter shareholding data is yet to be out. This 5.05 per cent Big Bull stake was valued at Rs 9,646 crore as of today compared with Rs 9,026 crore on Wednesday, up Rs 620 crore.

On a quarter-on-quarter (q-o-q) basis, the production was 2 per cent down from 5.98 MT in January-March 2022. "The crude steel production was lower sequentially due to preponement of certain scheduled shutdowns during the financial year 2022-23," the company said.

"The impugned order dated March 28, 2022 cannot be sustained and is quashed... However, it will be open to the respondent Sebi to initiate proceedings for the relevant period against the relevant entities," SAT said in an order passed on July 1.

Shares of Chennai Petrochem have rallied as much as 170 per cent in the year 2022 so far. The stock gained up to 150 per cent during the recently concluded quarter alone. However, the stock is down over 35 per cent from its 52-week high.

hort-term traders can look at entering the stock now or on dips towards Rs 121-116-105 for a target closer to Rs 200 in the next six months, suggest experts. On the price front, Jamna Auto is trading above all the crucial short and long-term moving averages such as 5, 10, 20, 50, 100, and 200-DMA, which is a positive sign for the bulls.

OPENING BELL: Sensex climbs 450 points, Nifty nears 16,150; Titan surges 6%, BoI 3%

The stock has been forming a series of higher tops and higher bottoms on the hourly chart. It is sustaining above the crucial short-term moving averages such as 20, 50-Day SMA which is a positive sign for the bulls.

Domestic equity markets have remained volatile in the past few weeks, leading to range-bound movement in the stocks. However, this limited movement has ample money-making opportunities for the investors who can trade on either side- long or short- to mint profits. Based on recommendations from analysts, here are some stocks which can deliver decent returns in the near term:

"The sharp correction in crude, commodities like metals, and the declining trend in edible oil indicate that inflation will come under control soon. Taking cues from these indicators the bulls have again turned buyers and the near-term structure of the market has turned clearly bullish now," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

MSCI's broadest index of Asia-Pacific shares outside Japan edged up from a two-month low and rose 0.3% in early trade. Japan's Nikkei advanced 0.7%. The Australian and New Zealand dollars scraped themselves from two-year lows.

Vakrangee, GM Breweries, Mysore Paper Mills, GG Automotive Gears and Sri Krishna Constructions are among companies that will announce their quarterly earnings today.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Hero Moto and Asian Paints while Nooresh Merani has buy/sell recommendation on Bharti Airtel and ICICI Bank for today's trading session. Check out the targets and stoploss.

Nifty futures on the Singapore Exchange traded 47 points, or 0.29 per cent higher at 16,029.5, signaling that Dalal Street was headed for a positive start on Thursday. Here are a dozen stocks which may buzz the most in today's trade

Stocks in focus include names like Siemens, which was up over 3 per cent to hit a fresh 52-week high, ABB India rose nearly 7 per cent, and Dr Reddy’s Laboratories closed flat.

This despite top four IT companies – Tata Consultancy Services, Infosys, Wipro and HCL Technologies – reporting record high attrition rates of between 17.4% and 27.7% in the quarter ended March.

Vakrangee, GM Breweries, GG Automotive Gears and Sri Krishna Constructions (India) are among the companies that will announce their corporate earnings for the June 2022 quarter today.

The tax department has told the banks in recent meetings that if a mutual fund unit uses any brand components, it should pay royalty or similar fees to the parent and 18% GST has to be paid on that amount.

They viewed maintaining the central bank's credibility to control inflation as crucial. Two-year Treasury yields, which are sensitive to Fed policy, remained higher after release of the minutes.

Crude prices fell over recessionary fears. However, the fall has boosted the appetite for consumption, chemicals, logistics, and OMCs as it will reduce the cost burden of these sectors."

The private sector lender said that its annual general meeting (AGM) is scheduled to be held on August 18, 2022, and it will seek shareholders approval for the capital raise plan. The lender said that last year also it obtained shareholders' approval for raising capital through QIP but it didn't utilised the same.

Equitas Small Finance Bank (Equitas SFB) on Wednesday said its gross advances grew by 22 per cent from a year ago to Rs 21,699 crore as of June 30. The bank's disbursements during Q1 FY23 rose by 156 per cent to Rs 3,238 crore as against Rs 1,265 crore in the same quarter a year ago, Equitas SFB said in a regulatory filing.

The 0.75 percentage-point rate increase which came out of the meeting was the first of that size since 1994. According to the minutes, participants judged that an increase of 50 or 75 basis points would likely be appropriate at the policy meeting later this month.

Aban Holdings has outstanding loans of ₹1,271 crore, the largest account on the list. Two Essar companies are Essar Oil & Gas Exploration with ₹77.8 crore outstanding, and Essar Power Gujarat with ₹148 crore. Other big-ticket accounts include Rotomac Global with loans of ₹750 crore, Frost International with ₹839 crore, Era Infrastructure (₹567 crore) and Vadraj Cement (₹521 crore).

While food inflation remains a concern, the second-order effects from higher input prices are likely to be more benign than initially estimated. Lower commodity prices, particularly of crude oil, should reduce risks of imported inflation.

The stock hit a 52-week high of Rs 2,289 on 25 April 2022 but it failed to hold on to the momentum. The stock closed at Rs 1,975 on 5 July 2022 which translates into a fall of over 13 per cent.

"Vinati Organics Limited established base building formation around 1770 levels. It is finding resistance at 2100/2150 but on the dismissal of that, we can expect a major action in the long term," Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd, said.

Amid recessionary concerns, analysts recommend investors start buying into such stocks on a medium to long-term basis as the correction in crude price will ease the cost of manufacturing, improve the volume demand and subsequently increase their gross margins.

Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points, according to minutes of the Federal Open Market Committee’s June 14-15 policy meeting released Wednesday in Washington. They viewed maintaining the central bank’s credibility to control inflation as crucial.

At 10:18 a.m. ET, the Dow Jones Industrial Average was down 55.94 points, or 0.18%, at 30,911.88, the S&P 500 was down 8.18 points, or 0.21%, at 3,823.21, and the Nasdaq Composite was down 25.13 points, or 0.22%, at 11,297.11.

It turned out to be a fabulous Wednesday for D-Street investors on Dalal Street as Sensex rallied over 600 points to end at 53,750.97 and Nifty rallied over 1 per cent to end near the 16,000 level."Finally, the bulls managed to post one of the highest closes of recent times on the D-Street. After some initial jerks, the index Nifty posted a strong rally during the session to clear the 16,000 mark and close near the same. However, the high of 16,025 is still not crossed, and once that happens in the coming session, then the index could be heading towards 16,200/16,400. This zone should be used to book profits since that has a cluster of resistances. On the downside, today's low of 15800 would be a key support for the week," said Mehul Kothari, AVP, Technical Research, Anand Rathi Shares & Stock Brokers.Here are the top four stock recommendations which analysts suggest:

The Dow Jones Industrial Average fell 10.52 points, or 0.03%, at the open to 30,957.30.

The index formed a bullish candle on the daily chart that almost engulfed the negative candle of the previous session. Technically, it indicates a negation of bearish formation and signals positive bias for the market ahead, according to Nagaraj Shetti at HDFC Securities.