“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 →
MUMBAI : Stocks rebounded on Friday, snapping three straight days of losses, ending the session in the green. However, the markets ended lower for the second consecutive week. Foreign portfolio investors (FPIs) capitalized on the bounce, selling shares worth a provisional ₹556.32 crore, while domestic institutional investors (DIIs) bought sharesRead More →
MUMBAI : Benchmark indices closed in the red for the third straight session on selling by foreign portfolio investors (FPIs), despite global brokerage Morgan Stanley upgrading India’s sovereign rating to overweight, citing economic resilience. However, domestic funds’ buying in the last 45 minutes of trading contained the losses by theRead More →
He advised caution in the short term due to rapid price and valuation increases, global challenges, and pre-election volatility, but remain optimistic about India’s long-term growth potential driven by infrastructure upgrades and consumption trends. Edited excerpts: What is your assessment of the current market conditions? Are we in a longRead More →
After taking a pause on rate hikes in June, the US Federal Reserve will most likely raise benchmark rates by 25 bps to the 5.25-5.50 per cent range later on Wednesday (July 26). While the market appears to have discounted a 25 bps rate hike for this time, investors globallyRead 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 →
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 →
