Monsoon progress, geopolitical issues along with corporate developments around Infosys could keep the Street on its feet.
India’s tax evading companies end up accounting for 80% of its jobs (source: National Sample Survey Organisation). It is almost certain that the overwhelming majority of India’s job growth in the past decade has come from India’s informal sector.
Cognitive Investing is an investment philosophy which requires one to isolate the current market condition from the investor’s time tested investment thesis.
The company plans to buy back 11.3 crore shares, or 4.92% of its equity capital.
Despite the day’ sell-off, the market managed to rebound and end the truncated week with 1 percent gains after losing 3.5 percent in previous week.
The cumulative notional loss which Narayana Murthy suffered today is a little above Rs 100 crore while other members of the members of the family saw a notional loss of little over Rs 900 crore.
Despite correction in overall market, these 33 stocks hit fresh 52-week highs and of which, 11 touched record highs.
The positive stance was due to future outlook and synergy gains from Videocon merger. The stock rallied as much as 6 percent in early trade Friday.
The Sensex closed down 270.78 points at 31524.68, while the Nifty ended lower by 66.75 points at 9837.40.
Yes Bank, Infosys and AU Small Fin, among others, are on the radar of investors on Friday.
Investors are advised to stay cautious as last minute selling on Thursday derailed rally on D-Street. They can lighten up their position on a bounce towards 9,950 levels.
Bank Nifty falls on weekly options expiry day, thereby pushing down indices lower. The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 5.60 points at 9902.90
Two brokerages, Motilal Oswal and Jefferies, had a bullish argument on the stock, and recommended their views to buy the stock with an increased target price.
The apex court upheld an order by the Delhi High Court which allowed the company to use land at Delhi airport for non-aviation or commercial purposes. A government policy in 2016 had barred airports from using such land for non-aeronautical purposes.
MFs were net buyers in two-thirds of the Nifty stocks last month. The highest net buying in July on a MoM basis was witnessed in HDFC, Hero MotoCorp, and Ambuja Cements.
The executive from Avendus Capital Alt Strategies sees some consolidation on D-Street. Among weak sectors, he sees a lot of pain for pharmaceuticals space.
The ongoing secondary corrective phase forms part of the larger degree uptrend and provides incremental buying opportunity to accumulate quality stocks in a staggered manner.
The bank on Thursday cut interest rates on most of its savings accounts to 3.5 percent from 4 percent.
The Sensex ended up 24.57 points at 31795.46, while the Nifty ended higher by 6.8 points at 9904.15.
Biocon, Apollo Hospitals and Bharti Infratel, among others are being tracked by investors on Thursday.
Investors are still advised to take gains with a pinch of salt as it would be difficult for the index to surge past its record high of 10,137 in a hurry
Only 13 Nifty stocks closed in the red, where Infosys and Reliance were the top losers. Among sectors, except energy all indices closed in the green.
The company received the Establishment Inspection Report (EIR) for an inspection that was carried in October 2016.
S Krishna Kumar of Sundaram Mutual Fund said inflows into financial instruments have been steady and there has been no major trend change.
Affirming its positive stance is also the increase in same store sales growth (SSSG) and FY19-20 earnings per share (EPS) forecasts by 6-12 percent as well.