GIFT Nifty traded flat at 19,792.50, marginally up 0.08%, indicating a tepid opening for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. Previously on Tuesday, the NSE Nifty 50 rose 0.91% to settle at 19,689.85, while the BSE Sensex added as much as 566.97 points to 66,079.36.
“From today the Q2 earnings season would start off with TCS declaring its numbers. We expect robust 21% earnings growth for Nifty in Q2, which would be driven by domestic cyclicals (BFSI & Auto). So lot of stock specific action would be seen over next 45 days as the earnings get declared. On the index front, Nifty might continue with its consolidation with bouts of volatility as it would track the geo-political development, US bond yields and oil prices amidst result announce…
Hindustan Unilever (HUL), the country’s largest consumer goods company, may see a muted volume growth in the October-December period, as festive demand remained weak, brokerage Nomura said on Thursday. The company would also see a pressure on its gross profit margins from higher cost of commodities as it has refrained from taking new prices in Q3, Nomura said.
Most fast-moving consumer goods (FMCG) companies had anticipated demand to pick up in rural and semi-urban areas in Q3, after two quarters of weak recovery in these areas. While urban demand has been stable, rural demand has been slow on back of weather uncertainty and inflationary pressures, experts said.
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Nomura said that HUL̵…
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Thursday. Here’s a look at the key stocks to watch in trade.
GIFT Nifty traded up by 46 points or 0.19% at 24,407 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Thursday. Previously, on Wednesday, the NSE Nifty 50 ended down by 108.75 points or 0.45% to settle at 24,324.45 while the BSE Sensex plunged 426.86 points or 0.53% to 79,924.78.
“Markets fluctuated sharply within a range and ended up losing nearly half a percent, wiping out the gains from Tuesday’s session. After a flat start, Nifty plunged sharply in the early hours but a recovery in select heavyweights helped pare some losses as the day progressed. It ev…
In a strategic move to enhance India’s defence capabilities and infrastructure, the Defence Acquisition Council (DAC) authorized contracts on Friday, February 16, totaling over Rs 84,560 crore. A report from brokerage house Nuvama Institutional Equities highlighted that the Ministry of Defence took a tactical approach based on valuable lessons learned.
The report emphasized that private players across the defence value chain are poised to benefit by becoming tier 2/3 component suppliers, with Hindustan Aeronautics Ltd (HAL), Bharat Electronics Ltd (BEL), and Bharat Dynamics Ltd emerging as the main beneficiaries.
Nuvama’s report revealed that India has been closely studying and adapting strategies employed in recent conflicts in Russia, Israel, and Ar…
The benchmark equity index Nifty 50 ended Tuesday’s trading session in positive territory after the bulls took the index to a new all-time high of 22,215.60. The NSE Nifty 50 closed 74.70 points or 0.34% higher to settle at 22,196.95 points. While S&P BSE Sensex advanced nearly 350 points or 0.48% to settle at 73,057.40 points. Nifty Bank inched 558.70 points or 1.20% higher to settle at 47,094.20 points.
On the sectoral front, media and bank stocks gained the most amongst their peers. The broader indices ended in the green, with largecap and midcap stocks gaining the most. Bucking the trend, the Nifty Midcap 100 slipped nearly 63 points or 0.13% to close the day’s trading at 49,248.45.
The losers on Tuesday include Hero MotoCor…
In early trading session on Monday, Maruti Suzuki’s stock price surged over 2% following the company’s announcement of robust Q4 results. Maruti Suzuki shares climbed by as much as 2.2% to reach Rs 12,966 each on the BSE, propelling its market capitalization above Rs 4 lakh crore.
Maruti Suzuki in Q4FY24
Maruti Suzuki India, the country’s leading passenger car manufacturer, disclosed a net profit of Rs 3,878 crore in Q4FY24, marking a substantial 48% growth compared to Rs 2,623 crore in the same period last year.
During the quarter, the company’s revenue from operations experienced a notable uptick of 19.3%, reaching Rs 38,235 crore from Rs 32,048 crore year-over-year (YoY).
The market capitalisation of seven of India’s top 10 most valued firms surged by Rs 1,72,225.62 crore last week, driven by Tata Consultancy Services (TCS) amid a rally in equities.
The BSE benchmark rose 522.74 points, or 0.65%, during the week. The 30-share BSE Sensex climbed 622 points, or 0.78%, closing at a record 80,519.34 on Friday. It peaked at 80,893.51, up 996.17 points or 1.24%, during trading.
TCS saw its market capitalisation jump by Rs 62,393.92 crore to Rs 15,14,133.45 crore after reporting an 8.7% increase in net profit to Rs 12,040 crore for the June quarter.
As chief executive of San Diego-based genomic sequencing company Illumina, Francis deSouza feels well-placed to witness the world’s next great scientific transformation.
“I really believe that just like the 20th century was the era of the bit and the digital revolution, the 21st century is likely to be remembered as the era of the genome,” he says. “We’re seeing that play out in terms of genomic-based screening and diagnostics emerging, like Illumina’s offerings, but we’re also seeing the emergence of genomic-based medicine.”
DeSouza’s excitement is understandable. Well over a billion doses of mRNA vaccines—developed in record-time with the help of gene sequencing—have been safely deployed around the world to …
The Florida troika of cronies Governor Ron DeSantis, activist Nelson Peltz, and former Marvel chairman Ike Perlmutter have met their match in Disney’s CEO Bob Iger. In a shot heard around the nation, Iger last week labeled Florida’s ambitious GOP governor “anti-business and anti-Florida” after outmaneuvering the state amid a dispute that began after Disney took a stand against the state’s so-called Don’t Say Gay legislation a year ago, prompting DeSantis to retaliate. Iger’s latest move mirrored the blistering response of Florida-based cruise line CEOs to DeSantis two years ago when he threatened them for requiring standard vaccine passports for their crews and passengers—at the request of those passengers and crews.
Iger’s wor…