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Asian stock markets saw a decline following Wall Street's losses. Concerns about the United States' deficit impacted investor sentiment. Treasury yields rose, particularly for long-term debt. Weak demand at a bond auction heightened worries about US borrowing. This development dampened the recent recovery in risk assets. The market is reacting to deficit concerns and budget debates.
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News and Media
After a three-month lull, India's primary equity market is rebounding, with seven companies launching IPOs in May and more planned for June. This resurgence is fueled by a stabilizing secondary market, easing geopolitical tensions, and successful block deals. Investor confidence is returning, and the market favors companies with strong fundamentals and realistic valuations, signaling sustained growth.
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News and Media
ONGC's fourth-quarter profit declined by 35% to 6,448 crore. This was due to increased exploration expenses. Revenue saw a slight rise of 1% to 34,982 crore. The full-year profit also decreased by 12% to 35,610 crore. The company's board approved a dividend of Rs 1.25 per share. They also extended support to Opal for debt raising.
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News and Media
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