BUSINESS
Wipro Q1 Earnings Preview: Macro issues to play spoilsport again; new deals a breather
According to the average of nine estimates compiled by Moneycontrol, Wipro's consolidated net profit for the quarter ended June is expected to rise over 4 percent QoQ to Rs 2,953 crore, while revenue from operations is likely to remain flat.
BUSINESS
LTIMindtree Q1 Earnings Preview: Revenue, net profit set for upswing on back of BFSI, hi-tech, large deals
Investors will closely watch LTIMindtree management's commentary on performance and outlook across various verticals (BFSI, Hi-Tech, and manufacturing), the deal pipeline, and margin outlook.
BUSINESS
Infosys Q1 Earnings Preview: Revenue, margin may return to growth, but net profit set to fall from exceptional base
BNP Paribas expects an expansion in Infosys EBIT margin in Q1, supported by the reversal of one-off impacts but slightly offset by deal ramp-up costs.
BUSINESS
TCS Q1 FY25 earnings surprise prompts major brokerages to up target prices
Brokerages have issued favourable comments on TCS stock citing robust Q1 earnings, which shows strong recovery prospects for India's largest IT company going ahead.
BUSINESS
Short Call: Auto’s problems lie elsewhere, cement may struggle, Anup Engg, Asian Paints, RVNL, Globus Spirits in focus
“Thousands of experts study overbought indicators, head-and-shoulder patterns, put-call ratios, the Fed’s policy on money supply…and they can’t predict markets with any useful consistency, any more than the gizzard squeezers could tell the Roman emperors when the Huns would attack.” - Peter Lynch
BUSINESS
HCLTech Q1 Earnings Preview: Analysts predict marginal downturn in revenue, profit
Axis Securities predicts margin contraction due to higher onsite expenses, while ICICI Securities expects the EBIT margin to remain flat sequentially due to staggered wage hikes and the normalisation of products and platforms margin.
BUSINESS
TCS Q1 Earnings Preview: A mixed bag of growth and challenges
TCS is scheduled to announce its earnings for the June quarter, on July 11. Despite the revenue uptick, TCS is forecasted to face a 3.5 percent dip in net profit for Q1 FY25, settling at approximately Rs 11,999 crore.
BUSINESS
Hopes of MSP hike and ethanol policy adjustments drive sugar stocks higher
Recently, on June 14, sugar stocks had rallied up to 13 percent, driven by expectations of a hike in the minimum sale price for the 2024-25 season.
BUSINESS
Nifty hits fresh high ahead of US CPI, Fed policy outcome; IT stocks lead gains
"Midcap and smallcap stocks present a buy-on-dips opportunity. The earnings outlook for these segments remains positive, offering promising investment prospects," said Nirav Karkera, Head of Research at Fisdom.
BUSINESS
Analyst Tracker: IT stocks see surge in rating upgrades; four factors driving optimism in IT sector
Market experts are bullish on IT stocks, the correction in prices over the last few months has made valuations more reasonable. Strong deal pipeline, and growing hope of US interest rate cut support the optimism.
BUSINESS
Sensex reclaims new highs, powered by its best week of 2024 as NDA 3.0 takes shape, Nifty 10% off Tuesday's low
The Sensex and Nifty clocked their strongest week of 2024 on anticipation of stability within the coalition government at the centre and RBI's upward revision of growth forecast, on June 7.
BUSINESS
Sensex, Nifty see marginal gains, investors turn attention from election to RBI monetary policy
Despite Domestic Institutional Investors (DIIs) absorbing the Foreign Institutional Investors (FIIs) selling pressure on Indian equities, the stretched valuations of the domestic market remain a concern, market experts said.
BUSINESS
Sensex, Nifty close nearly 1% higher extending previous session's rally
Capex-related stocks, such as capital goods, realty, and PSUs saw a renewed buying interest today. They had taken a hit in the past two sessions after Modi’s Bharatiya Janata Party failed to achieve the Lok Sabha majority on its own.
BUSINESS
Nifty shrugs off election jitters, reverts to pre-exit poll levels led by banks and autos
Market experts expect volatility and choppiness to continue until there is clarity on the cabinet and the key portfolios. However, they remain constructive on the long-term potential of the Indian market.
BUSINESS
Mid-Day Mood | Robust recovery after choppy opening session; Sensex, Nifty jump over 2%
Nifty Auto and Nifty FMCG were the top gainers among sectoral indices as they gained 5 percent each.
BUSINESS
Sensex, Nifty recover after yesterday’s 6% slump; FMCG, IT stocks lead gains
Despite the initial volatility, markets are expected to recover and potentially thrive in the long term if policy continuity is maintained, says Pradeep Gupta, Co-founder and Vice-chairman of Anand Rathi Group.
BUSINESS
Stock Market Crash | Sensex, Nifty plunge over 8% each; PSUs, mid and small caps bleed
Stock Market Crash: Financial services and oil and gas stocks bore the brunt of the selling fury as panicky bulls liquidated their positions.
BUSINESS
Nifty tumbles as NDA not coasting to easy win as exit poll forecast, Adani stocks hammered
Nifty logged its best performance since February 2021 on June 3, driven by investor optimism over exit polls and better-than-expected Q4 GDP.
BUSINESS
Sensex, Nifty hit record highs as exit polls predict BJP victory; investors eye 100-day reform agenda
Market volatility observed in May is expected to subside after the election results are announced on June 4, according to experts
BUSINESS
With Nifty eyeing 24,500 on favourable election results, Emkay advises balanced investment in these sectors
Sonthalia expects the Nifty 50 to see earnings growth of nearly 15 percent in FY25 and FY26.
BUSINESS
Sensex, Nifty hold in green after record high opening; banks, metal stocks lead gains
FII selling of Indian equities appears to be approaching an end with the election results date nearing. As more clarity emerges, FIIs are likely to buy in India since they cannot afford to miss the post-election results rally.
BUSINESS
Sensex, Nifty at record closing highs; here are top factors that drove the rally today
Nifty surged over 1 percent, helped by absence of negative surprises in Q4 earnings, RBI's record dividend bonanza, and increasing election certainty.
BUSINESS
Sensex, Nifty marginally higher ahead of FOMC minutes; energy, FMCG stocks lead gains
As election uncertainty still continues to weigh on the market, investors are now looking for clues about the timing and extent of the US Fed policy easing
BUSINESS
Sensex falls below 74000, Nifty slips below 22500 amid volatility; FMCG, IT drag indices
Market experts believe that uncertainty over election results has caused a spike in volatility, and markets are expected to remain volatile until the election results are announced
