BUSINESS
Sensex, Nifty end a three-day losing streak; banks, FMCG stocks lead Nifty higher
The broader indices remained under pressure with BSE Midcap and BSE Smallcap posting losses between 0.3-0.6 percent.
BUSINESS
Analyst Call Tracker August 2024: IT giants top the Maximum Pessimism list despite quarterly gains
Industry experts cite global demand softness as a persistent headwind for the IT sector, which heavily relies on international markets.
BUSINESS
Sensex, Nifty weak but off lows on subdued global cues, sell-off in energy, auto shares
Except for Nifty FMCG, all 12 sectoral indices were in the red on September 9. The weakness extended to the broader market, with both the BSE Midcap and Smallcap indices declining by 1 percent each.
BUSINESS
Sensex, Nifty fall over 1% as banks, energy stocks drag; investors eye US jobs report
The Nifty PSU Bank index emerged as the hardest-hit among sectoral indices, falling 3.7 percent, with SBI leading the decline.
BUSINESS
Nifty below 25,000, Sensex down over 800 points ahead of US jobs data, banks lead the decline
All 13 sectoral indices were in red. Nifty PSU Bank fell over 2 percent and was the worst hit index followed by Nifty Energy and Nifty Infra.
BUSINESS
Sensex, Nifty turn flat after a positive start; investors await economic data for clarity
Amid a lack of major domestic triggers, investors are focusing on upcoming U.S. economic data to gauge the Federal Reserve's next move.
BUSINESS
Sensex, Nifty fall, hit by US slowdown worry, tech stocks sell-off; IT, banking shares drag benchmark indices
All 13 sectoral indices opened in the red on September 4, with IT and banking stocks exerting downward pressure on the Nifty.
BUSINESS
Short Call | Midcap mirage: unpacking a rally fueled by liquidity and hype; Kaynes Tech, GMR Power in focus
It's far better to buy a wonderful company at a fair price, than a fair company at a wonderful price. - Warren Buffett
BUSINESS
Sensex, Nifty open flat amid lack of major catalysts; banking, IT stocks drag indices down
Among stocks, Hindustan Aeronautics, Aadhar Housing Finance, and Kaynes Technology were in focus.
BUSINESS
Short Call: RBI's capex data brings a ray of hope, markets brace for Powell's speech; Paytm, Ola Electric in focus
Courage taught me no matter how bad a crisis gets...any sound investment will eventually pay off. - Carlos Slim Helú
BUSINESS
Turning point for IT: Green shoots in Q1 hint at recovery in FY25
Analysts are optimistic about the strength of the pipeline even as the outlook for immediate growth remains tempered.
BUSINESS
Short Call | Decoding Nifty's premium valuations, sugar stocks soar amid market slump; HDFC Bank, AIA Engg in focus
A man must believe in himself and his judgment if he expects to make a living at this game. That is why I don’t believe in tips. - Jesse Livermore
BUSINESS
Analyst Call Tracker: Infosys makes it to the list of maximum downgrades amid caution over demand recovery
While there are early signs of recovery in discretionary spending within financial services, other verticals face challenges.
BUSINESS
Tech troubles: Time to dump IT stocks?
During the Great Recession of 2007-2009 and the COVID-19 downturn in 2020, Indian IT firms faced significant disruptions but ultimately bounced back.
BUSINESS
Britannia signals modest pricing adjustments in FY25 amid rising commodity costs
Berry said that while commodity prices are trending upwards marginally, this is inflation that the company can manage.
BUSINESS
Short Call: Global optimism meets domestic caution, bulls load up on banks, ICICI Bank, UltraTech Cement in focus
“Our timetable is five and ten years ahead, and quarterly “misses” often create opportunities for the capital we manage.” - Chuck Akre
BUSINESS
Tech Mahindra lands $534 million in Q1 deals, sees demand across verticals and regions
Joshi said that the demand environment was reasonably stable. "I don't think there is any significant improvement, nor has there been a deterioration."
BUSINESS
Tech Mahindra's telecom sector sees glimmer of hope as declines narrow
"I expect to see some level of year-on-year improvement in the telecom business over time. I believe that our sort of position in telecom from a comparative position remains very strong," Joshi said.
BUSINESS
Wipro stock tanks 8% as weak Q1 earnings disappoint Street
Nuvama said that while it expects Wipro to continue underperforming its peers, it also notes that its low valuation and high dividend yield help mitigate downside risk.
BUSINESS
Short Call: Smart investors encash some of the paper profits, bear case for defense, Havells, Infosys, L&T Finance in focus
“Value stocks are about as exciting as watching grass grow, but have you ever noticed just how much your grass grows in a week?” - Christopher Browne
BUSINESS
Sanstar IPO subscribed 4.16 times on opening day, NII portion booked 10x
Founded in 1982, Sanstar specialises in manufacturing plant-based products and ingredient solutions for food, pet food, and various industrial applications.
BUSINESS
Infosys aims to expand margin through automation, strategic hiring
According to Infosys, several pillars of Project Maximus are actively contributing to margin improvements. Project Maximus is a margin improvement plan which is aimed at optimising costs.
BUSINESS
Infosys foresees stronger H1FY25 as large deal wins, strategic initiatives fuel optimism
Annually, Infosys's net profit rose 7.1 percent, and revenue grew 3.6 percent. Both figures exceeded Moneycontrol's estimates of Rs 6,248 crore for net profit and Rs 38,850 crore for revenue.
BUSINESS
Travel & tourism sector seeks infra status, tweaks to LTA rules for tax exemption
The travel and tourism market in India is set to generate a revenue of $23.72 billion in 2024, with a projected annual growth rate of 9.6 percent over the next four years, according to a report by the India Brand Equity Foundation (IBEF).
