BUSINESS
Apollo Hospitals Q3 Preview: Reduced losses in 24/7 business to aid earnings
Reduced losses in Apollo Hospitals' digital business as it aims to reach EBITDA breakeven by FY24 end is likely to offset sluggish growth in the core hospitals business which was impacted by a weak seasonality and cyclones in South India in Q3.
BUSINESS
Mid-day Mood | Nifty, Sensex rise to day's high amid gains in IT stocks
While the benchmarks bucked the weak global trend and moved higher, analysts warn that exhaustion in the absence of any positive triggers may trigger a phase of consolidation
BUSINESS
Mid-day Mood | Sensex, Nifty muted as post-Budget rally loses steam
Stellar gains in the previous session in addition to stronger-than-expected US jobs data for January prompted investors to refrain from placing aggressive bets in the market.
BUSINESS
UPL slumps to 52-week low as weaker-than-expected Q3 earnings triggers downgrades
UPL expects earnings pressure in Q4 as well on weak demand and sees normalisation kicking in from Q2 of FY25 instead of the earlier H2 of FY24
BUSINESS
7 stocks that can deliver over 30% returns to make you rich in 2024
Strong fundamentals, and a robust outlook make the stocks an attractive proposition for investors.
BUSINESS
Nifty hits record high, Sensex closes in on new peak as Budget uncertainty ends
The Nifty scaled a record high of 21812.00 after the air cleared around two major events -- the Interim Budget and the US Federal Reserve's monetary policy meeting.
BUSINESS
Housing, Renewable Energy, PSU Banks among stocks that gained from Interim Budget
Even though the Union Budget stepped away from lining up populist measures in the election year, it did provide some stock-specific measures that brought cheer to pockets within the market
BUSINESS
Spiritual tourism gets a push in Union Budget; here are stocks that stand to gain
Sitharaman's Interim Budget announces interest free loans to states and building port connectivity to islands in order to boost domestic tourism.
BUSINESS
F&O Manual | Volatile swings likely as India VIX hovers near 10-month high
Despite the positive trend, analysts remain skeptical of the high levels of India VIX, the volatility gauge, as they anticipate wild swings in the second half of the trade today
BUSINESS
Revlimid overdose boosts Dr Reddy's Q3 earnings, but turns brokerages cautious
While Dr Reddy's recorded its highest-ever quarterly revenue in Q3, most of the growth was fueled by a higher-than-expected contribution from cancer drug Revlimid while the base US and India business delivered a subpar performance.
BUSINESS
Sun Pharma Q3 preview: Strong specialty, domestic sales to put earnings in good health
Over the years, Sun Pharma has reduced its dependence on generics in the US market, deriving much of its revenue from high-margin complex and specialty products.
BUSINESS
Rate-cut hopes push China's 10-year bond yield to the lowest in 2 decades
Hopes of further monetary easing gathered pace after a Hong Kong court ordered China's property giant and the world's most indebted developer the Evergrande Group to liquidate its assets as stares at bankruptcy
BUSINESS
Dr Reddy's Labs Q3 Preview: Revenue, net profit to record tepid growth on lag in domestic sales
Brokerages believe that DRL's commentary on its US base business and margin trend will remain the key monitorable, especially when the contribution from the generic cancer drug Revlimid is expected to gradually taper off through the coming fiscal.
BUSINESS
Sensex surges 1,000 pts, Nifty tops 21,650: Asian cues among key factors driving Dalal Street
Analysts expect volatility to remain high through the week in the backdrop of major events like the Interim Budget and the US Federal Reserve's monetary policy meeting.
BUSINESS
Cipla Q3 show pulls up Nifty Pharma 2%, Sun Pharma among top gainers
Gains in Nifty Pharma were driven by industry major Cipla, which soared over 6 percent following its strong quarterly performance. The stock also happens to be the top gainer on the Nifty 50.
BUSINESS
Zee-Sony merger fallout: Stock erodes all gains made since deal announcement in 2021
Brokerages such as Citi, CLSA and Motilal Oswal Financial Services have downgraded Zee Entertainment, forecasting a slump in valuations and increase in competitive intensity in the sector
BUSINESS
Zee shares correct 10% after Sony calls off $10-billion merger deal
In another big blow, Sony is also seeking a termination fee of $90 million citing alleged breaches of the merger co-operation agreement (MCA) by Zee Entertainment.
BUSINESS
CLSA downgrades Zee to 'sell' as Sony calls off merger; expects valuation to slump
The brokerage also sharply slashed its price target for the stock by 34 percent to Rs 198 in anticipation of a slump in Zee's valuation post the cancellation of the mega merger.
BUSINESS
World Street | Wayfair's layoff plans; Terraform's bankruptcy; Spirits' bullish forecasts; Macey's proposal rejection
From bullish outlook for semiconductor companies, spike in US consumer sentiment, Wayfair's layoff plans, to Terraform's bankruptcy, here's a look at recent business developments around the world
BUSINESS
Ayodhya to attract 50 mn tourists annually as Ram Mandir set to bring divine cheer for travel, hospitality firms
Ram Mandir Opening: The grand opening of the Ram temple at Ayodhya is set to establish the city as a new tourist spot as the small town is expected to open its doors to top hotels including Indian Hotels, ITC, Marriott and OYO; food chains including Burger King, McDonald’s, Jubilant Foods and Devyani International; and airlines such as IndiGo, Tata group’s Air India, Spicejet, and others
BUSINESS
Sensex, Nifty caught in the red for 3rd day as heavyweight HDFC Bank slides
The Nifty, Sensex, which slumped over 2 percent each in the previous trading session, continue to trade lower. HDFC Bank, which tanked over 8 percent the previous day, too, was down.
BUSINESS
LTIMindtree tanks 14% as Q3 earnings miss estimates, brokerages predict more pain
Despite achieving its highest ever quarterly deal pipeline in Q3, the management of LTIMindtree expects a challenging macroeconomic environment and delays in client decision making to remain a drag on its performance in Q4 as well.
BUSINESS
HDFC Bank tremors rock banking stocks, Nifty Bank plunges 4%
All 12 Bank Nifty names were in the red. Other than HDFC Bank's disappointing Q3 show, cautious outlook for private banks also hit investor sentiment, leading to sharp selling in the banking pack
BUSINESS
Sensex tanks 1,600 pts, Nifty below 21,600; 5 factors pulling the market down
Markets across the globe struggled as hawkish comments from Federal Reserve Governor Christopher Waller triggered a spike in yields on the US 10-year bonds and the dollar index
