To boost the confidence of investors and provide a substantial impetus to overall market sentiment, China has implemented a significant measure by reducing the stamp duty on stock trading by fifty per cent, starting Monday. According to a Bloomberg report citing the Chinese Ministry of Finance, the levy charged onRead More →
Frontline indices the Sensex and the Nifty closed lower on profit booking in shares of select heavyweights, including Reliance Industries and HDFC Bank, ahead of the annual central bank summit in Jackson Hole, Wyoming, on Friday. Markets anticipated clues on interest rate trajectory from Federal Reserve Chairman Jerome Powell. OfficialsRead More →
TVS Supply Chain share price traded lacklustre on its debut day on Wednesday. After a decent subscription of its initial public offering (IPO), logistics Solution Provider firm TVS Supply Chain Solutions saw a tepid debut on bourses on Wednesday. TVS Supply Chain shares were listed at a premium of 5.1Read More →
“Domestic equity market has underperformed since last Independence Day with just 9 per cent returns as compared to long-term average annual returns of around 15 per cent,” said G. Chokkalingam, Founder & Head of Research at Equinomics Research. “High inflation and tight monetary policy across the world including India andRead More →
Adani Wilmar share price fell almost 5 per cent while those of Adani Enterprises rose almost a per cent in early deals on BSE on Thursday amid reports that Gautam Adani-led Adani Enterprises is exploring selling its stake in Wilmar International Ltd. As per a Bloomberg report, Adani Enterprises has beenRead More →
Domestic market benchmarks the Sensex and the Nifty snapped their six-day winning streak on strong losses in index heavyweights including Infosys, Reliance Industries, TCS and Hindustan Unilever (HUL) on Friday (July 21). Shares of Infosys and HUL fell a day after their June quarter results while those of Reliance IndustriesRead More →
Infosys’ sharp downward revision of its FY24 revenue guidance seems to have disappointed the market as the American Depositary Receipts (ADR) of the company suffered massive losses in the pre-market session on the New York Stock Exchange (NYSE). Infosys ADR fell almost 9 per cent to $16.20 in the pre-marketRead More →
Apart from the numbers, investors will focus on management commentary on FY24 guidance along with an outlook on discretionary spends, deals, margins and attrition. Because of project cancellations, brokerage firm Motilal Oswal Financial Services expects Infosys to report muted revenue growth. The brokerage firm also sees the risk of guidanceRead More →
While delivering its September quarter earnings last year, RIL announced the demerger of its financial services business and list it separately on the stock exchanges under Jio Financial Services Ltd. The Mumbai bench of the National Company Law Tribunal (NCLT) in its order on June 28 June (uploaded on theRead More →
HCL Tech’s earnings failed to meet the expectations of the company as well as of the Street. Commenting on the results, chief executive C. Vijayakumar said while Q1 is typically a soft quarter for the company with productivity benefits for a large number of contracts kicking in during the quarter,Read More →
