BUSINESS
L&T Tech rises 3.5% as Q3 net jumps 13%, management foresees better days ahead
The company also retained its FY24 growth guidance of 17.5–18.5 percent, pointing towards a strong Q4.
BUSINESS
Pharma Q3 preview: Another healthy quarter amid steady US sales, India recovery
Key launches and stable prices in the US and a recovery in domestic sales are expected to aid pharma firms revenues the December quarter
BUSINESS
Sensex hits record high, Nifty tops 21,900 for first time as Q3 IT earnings bring cheer
Information technology stocks, which soared 4-8 percent, were the biggest reason for Nifty's over 1 percent gains. The Nifty IT index was the top sectoral gainer as it zoomed over 5 percent.
BUSINESS
Infosys soars 6% after analysts say worst behind as Q3 deal wins rekindle hope
While Infosys' net missed the Street's estimate, its revenue was a tad above expectations. Net new deal wins also remained strong, which makes analysts hopeful of a recovery in the coming quarters
BUSINESS
Great returns but greater risk: 7 mistakes to avoid while investing in smallcaps
Small caps are highly volatile and therefore, risky. But investors are often attracted to the high returns that they offer. Here are a few things to keep in mind while looking to invest in small caps.
BUSINESS
IT, banking may drive markets in 2024 as stocks catch up with earnings potential: Quantum MF
Aside from banks and IT, Quantum MF is also positive on the medium-term prospects of Indian equities. However, the mutual fund names foreign flows, a revival in private capex and recovery in mass segments as the three key triggers that will guide the Indian market through 2024.
BUSINESS
F&O Manual | Slight profit-booking kicks in, but sentiment for Nifty stays positive
Analysts believe the breather in the market is welcomed as the recent bull run had pushed the Nifty 50 into an overbought zone. Nonetheless, they believe the underlying sentiment in the market still remains bullish.
BUSINESS
Nifty quarterly rejig today: Bajaj Finance, HDFC Bank, ICICI Bank to see most inflows
As much as 9 Nifty 50 stocks which include HDFC Bank, Bajaj Finance, ICICI Bank, Reliance Industries, JSW Steel, Adani Enterprises, Adani Ports, Larsen & Toubro and Tata Consultancy Services will see a change in their weightage in the headline index as part of the rejig.
BUSINESS
F&O Manual | Nifty 50 rides on global cues to exceed 21,700; some volatility on cards
Though come volatility is expected in the second half of trade due to the expiry of the December F&O series, analysts expect the strong upward momentum to continue in the coming session. Likewise, they expect the Nifty 50 to hit the 22,000-mark in the near-term.
BUSINESS
What's pulling Nifty 50, Sensex to fresh record highs?
As the Indian benchmark indices extended their winning streak to the third session, analysts attribute the strong momentum to the underlying bullish sentiment among investors.
BUSINESS
F&O Manual | Nifty scales fresh record high, put writers stack up at 21,500
Analysts expect limited downside pressure on the Nifty 50 as the year end approaches.
BUSINESS
RBZ Jewellers likely to stage a lacklustre debut on bourses
RBZ Jewellers is a gold jewellery manufacturer specialising in the creation of antique designs. The company's wholesale customer base includes reputed national, regional and local family jewellers across 19 states and 72 cities in India
BUSINESS
F&O Manual | Momentum remains strong as Nifty heads towards 21,500
Analysts anticipate strong market momentum to continue but also advise investors to exhibit caution as Nifty 50 approaches higher levels.
BUSINESS
Kenneth Andrade predicts moderation in next 2 years after 2023 market rally
The sharp rally in 2023 has taken the market capitalisation-to-GDP ratio to a historical high of over 100 percent. "Whenever such instances have happened, the market has corrected quite significantly," Andrade said
BUSINESS
Suraj Estate Developers to stage a lukewarm debut
The real estate construction company specialises in the redevelopment of tenanted properties in Mumbai, with a primary operational focus on the South-Central region, covering Mahim, Matunga, Dadar, Prabhadevi, and Parel.
BUSINESS
Muthoot Microfin likely to debut with marginal listing gains
Muthoot Microfin's IPO received decent interest from investors with the issue being subscribed 11.52 times. QIBs led from the front, as they bid 17.47 times their allotted quota.
BUSINESS
Bulls charge Nifty, Sensex higher but analysts anticipate consolidation ahead
With the onset of the year-end holidays and the likely muted FII action, most analysts anticipate a consolidation making its way into the market in the next couple of days.
BUSINESS
Blackstone exits Embassy REIT, but analysts bullish on growth; stock recoups losses
Blackstone's exit from Embassy REIT marked the second biggest block trade in FY24 so far.
BUSINESS
IT stocks shrug concerns over Accenture's weak demand outlook, gain 1-2%
Accenture's growth guidance for the February quarter is below the consensus estimate and also hints at continued cost optimisation in IT spending, which is likely to keep demand muted.
BUSINESS
Unfavourable base drags domestic pharma sales growth to a low 3.5% in November
The domestic pharma's growth of 3.5 percent is the lowest monthly growth this year as a slowdown was seen across all key therapies
BUSINESS
Mid-day Mood | Sensex, Nifty scale new highs, market on course for 7th week of gains
The domestic benchmarks mirrored the upbeat trend in US and Asian markets following the Fed's dovish stance and hit new highs in the morning trade
BUSINESS
Dovish Fed sparks rally in IT stocks, analysts say now is the time to shop
Analysts say the IT space offers reasonable valuations compared to their historical averages, a rarity in the ongoing bull run in the market
BUSINESS
Closing Bell: Bulls drive Sensex 929 pts higher, Nifty ends above 21,150; IT, realty stocks top leaders
Closing Bell: The US Federal Reserve's pivot to dovish stance spun bull run across Indian equities on December 14. While Sensex ended by 929 points higher, Nifty 50 neared 21,200 levels. Major indices like Nifty IT and Nifty Realty were top leaders of this bull trend as they surged 3.5 percent and 3.8 percent, respectively.
BUSINESS
Max Healthcare’s acquisition of Sahara Hospital to add revenue, capacity: Analysts
Max will get a foothold in Lucknow, which has promising prospects as a healthcare hub in the region
