Indices at previous closing
Nifty50: 17,102 ▼ 142 (-0.8%)
Sensex: 57,060 ▼ 460 (-0.8%)
Nifty Bank: 36,088 ▼ 334 (-0.9%)
For more updates on F&O, click here.
YES Bank back in the black
YES Bank posted a Q4 net profit of ₹367 crore, as compared to a loss of ₹3,787 crore in the year ago period. Its net interest income (NII) stood at ₹1,819 crore, rising 84% YoY. Notably, the company returned to profits on full-year basis in FY22, after making losses in FY20 and FY21.
Similarly, non-interest income stood at ₹882 crore, up 28% YoY. Its asset quality also improved as the gross NPA ratio reduced from 15.4% to 13.9%.
IDFC First Bank posts strong growth
Private sector lender IDFC First Bank’s net profit surged 168% YoY to ₹343 crore. This was driven by a 36% YoY jump in the bank’s net interest income (NII) in Q4FY22. Similarly, bank’s fee and other income saw a rise of 40% YoY in Q4FY22.
The bank expects its loan book to grow at 20-25% on a sustainable basis in the future. It has also improved its asset quality from 4.01% in Q4FY21 to 2.63% in Q4FY22.
CIL records 27% jump in production
With rising demand due to soaring temperatures and shortage in power generation, many states are facing power cuts. Amid this, Coal India has increased production by 27% till April 28. The company was expected to produce 53 million tonnes of coal in April 2022—its highest for the month of April.
According to the Coal ministry, coal companies have sufficient stock, and they are working with the Indian Railways to move this stock to power generation companies across the country.
Sectoral indices (April 29)
| Top gainers | Top losers |
| NA | Nifty Media ▼ 2.8% |
| NA | NA |
Global markets (at 7:30 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 1.4% |
| Nikkei 225 (Japan) | ▼ 0.5% |
| Hang Seng (Hong Kong) | ▲ 4.0% |
| SSE Composite (China) | ▲ 2.4% |
| Dow Jones (US) (April 29) | ▼ 2.7% |
| NYSE (US) (April 29) | ▼ 3.0% |
| Nasdaq (US) (April 29) | ▼ 4.1% |
| S&P 500 (US) (April 29) | ▼ 3.6% |
Fact of the day
UPI payments hit a record high in April 2022 with 5.5 billion transactions worth ₹9.8 trillion.
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