Reports Financial News

Eicher Motors, Wipro, Infosys, LTIMindtree and IndusInd Bank were the losers on Nifty, while BPCL, Adani Enterprises, Apollo Hospital Enterprises, Adani Ports, and Hindalco were the top gainers. Reliance Industries was the only stock in green among the constituents of the Sensex index.Indian benchmark indices were in the red at pre-open on Wednesday, tracking Asian and US peers down, on the back of hotter-than-expected US-inflation data.At opening bell, Sensex was down 519.94 points, or 0.73%, at 71,035.25 and Nifty was down 175.80 points, or 0.81%, at 21,567.45.Reviewing the banking, financial services and insurance sector's December quarter results so far, brokerage house Anand Rathi noted that the higher cost of fund (CoF) impact seen in banks has not yet hit non-banking financial companies.

earnings for the December quarter later today, and analysts widely expect the company to report strong numbers on the back of healthy demand in the domestic market. Core Earnings Net profit for the quarter is seen rising 21.2% year-on-year (YoY) to Rs 2,428.30 crore, according to the average of estimates given by seven brokerage firms.

Aditya Birla Fashion and Retail (ABFRL), Ashok Leyland, Aurobindo Pharma, Balrampur Chini, Bandhan Bank, Biocon, Delta Corp, India Cements, Indus Towers, National Aluminium Company, Punjab National Bank (PNB), Steel Authority of India (SAIL) and Zee Entertainment Enterprises (ZEEL). Hindustan Copper has moved out of the ban.

dollar traded near three-month highs to major peers on Wednesday as traders pushed back bets for a first Federal Reserve interest rate cut following surprisingly hot U.S. inflation figures overnight. The U.S. currency's push above 150 yen for the first time since Nov. 17 spurred Japan's top currency diplomat to hint at the risk of intervention if «rapid,» «speculative» yen declines continue.

Gold languished near a two-month low on Wednesday, trading below the key $2,000 per-ounce level, after a stronger-than-expected U.S. inflation report dampened expectations for more than three quarter-point rate cuts from the Federal Reserve. FUNDAMENTALS

Oil prices fell in early Asian trade on Wednesday after a U.S. industry group reported crude stocks rose more than expected last week and as investors reined in expectations for interest rate cuts by the U.S. Federal Reserve. Brent futures fell 29 cents, or 0.4%, to $82.48 when the market opened at 0000 GMT. U.S. West Texas Intermediate (WTI) crude futures fell 22 cents, or 0.3%, to $77.65 a barrel.

White House has called for ensuring a transparent election process in Pakistan and said there is a need to respect the will of the Pakistani people. US President Joe Biden is aware of the elections in Pakistan, White House Press Secretary Karine Jean-Pierre told reporters at her daily news conference on Tuesday. «Obviously, the president is very much aware. Millions of Pakistanis turned out to vote last week, including record numbers of women, members of religious and ethnic minority groups, and young voters,» Jean-Pierre said.

Investing.com-- Oil prices fell in Asian trade on Wednesday after industry data pointed to an outsized build in U.S. crude inventories, while markets were also reeling from a hot inflation reading that further dented bets on early rate cuts by the Federal Reserve. 

South Korean celebrities, including top YouTubers, a veteran of the 2002 World Cup, a race car driver, and a leading comedian have been embroiled in a fast-developing crypto “scam” controversy.

Russia is preparing for a military confrontation with the West within the next decade and could be deterred by a counter build-up of armed forces, Estonia's Foreign Intelligence Service said on Tuesday. A growing number of Western officials have warned of a military threat from Russia to countries along the eastern flank of Nato, calling for Europe to get prepared by rearming. The chief of the intelligence service said the assessment was based on Russian plans to double the number of forces stationed along its border with Nato members Finland and the Baltic States of Estonia, Lithuania and Latvia.

Voting started in Indonesia on Wednesday with more than 200 million voters casting their ballots to elect a new president amid concerns regarding the cost of living and human rights, CNN reported. Indonesia aims to enter a new phase in politics after President Joko Widodo has completed his maximum term as president.

Korean instant noodles and when neighbourhood kirana stores stock Korean packaged food, it reflects the winds of change blowing through culinary preferences of young, affluent Indians. From savouring fiery Buldak noodles to munching shrimp flavoured Nongshim chips, watching K-dramas, listening to K-pop, and using K-beauty products, the K-wave is captivating a growing number of teenagers in India. «What young affluent India is adapting to and influenced by, is a direct downstream impact of the culture they are engaging with and the screens they are watching. From K-serials and K-pop, preferences have evolved to K-food, which has overtaken previous favourites like Japanese sushi,» Sandeep Goyal, chairman of ad agency Rediffusion. He said the surge in mainstream companies launching Korean packaged foods is a direct consequence of the increasing popularity of the number of restaurants serving Korean cuisine not only in metros but even smaller cities.

Wall Street's main indexes tumbled on Tuesday after a higher-than-expected consumer inflation reading pushed back market expectations of imminent interest rate cuts, driving U.S. Treasury yields higher. The Dow Jones Industrial Average posted its biggest one-day percentage drop in nearly 11 months, after a Labor Department report showed U.S. consumer prices increased above forecasts in January amid a surge in the cost of shelter.

MUMBAI : Life Insurance Corp. of India (LIC) reaped windfall gains in the December quarter, selling a record $4.7 billion worth of shares of listed domestic companies as the shares reached all-time highs during the market bull run.

Instacart reversed course to be down about 5% after the bell following Instacart's lower-than-expected fourth-quarter revenue on slowing advertisement business. As of June 30, Instacart had 3,486 employees, according to a regulatory filing.

popularity of Kate Winslet has increased to a great extent after acting in the 1997 film 'Titanic', which was one of the top-grossing movies in the history of cinema, however, it has arrived at a cost as per a report on USA Today. Kate Winslet said about the hysteria to Porter in an article that came out on Monday that she had the feeling that she had to be looking a certain kind or be a particular thing and due to the encroachment of media which was so important during that time, her life was not very pleasant.

snowstorm hit the Northeast on Tuesday canceling and delaying flights, making roads slippery and prompting many school districts to cancel classes or switch to remote learning —- or at least try to switch. In New York City, the online learning system that serves the nation’s largest school district experienced technical problems first thing in the morning, preventing many of the 915,000 students from logging in. More than 1,000 flights were canceled Tuesday morning, mostly at the airports in the New York City area and in Boston.

Amazon's founder (NASDAQ:AMZN) Jeff Bezos continues selling some of his shares in the e-commerce giant, having disposed of additional $2B+ worth of stock, according to the latest filing with the SEC.

The Ford government is set to introduce automatic renewals for licence plates in Ontario as police report a surge in the number of drivers with expired credentials.

Pacer ETFs Distributors President Sean O'Hara on earnings season, the Federal Reserve's handling of rate cuts as well as the upcoming CPI and PPI reports.

Zillow (NASDAQ:ZG) (Z) saw its shares rise more than 3% following the closing bell on Tuesday after the company reported better-than-expected FQ4 revenue.