This virtual event, held on February 10 and 11, will have 36 speakers and 12 panel discussions, with participation from industry leaders and veteran wealth managers
Tiles sales volumes was down ~1 percent YoY at 25.5 million square metres (MSM), on the back of extended monsoon and festive season
Adani Enterprises CFO Jugeshinder Singh allays investors’ concerns on the Hindenburg report that triggered a sharp selloff in shares. The group has maintained that the allegations are outright lies and the full response has been has been filed to all the 88 questions that were raised in the report. He also expects MSCI to conclude that this is a malicious step to derail the FPO. Watch!
In the past two years, the stock has given 93 percent returns while in the past one year, the scrip has rallied 22 percent
FMCG data show rural demand continues to underperform urban demand
Brent crude futures fell 20 cents, or 0.2%, to $86.46 a barrel by 0435 GMT while U.S. West Texas Intermediate crude was at $79.57 a barrel, down 11 cents, or 0.1%.
The company expects a sharp rebound in revenue in the coming quarters on a robust order book and healthy order inflow, Joint Managing Director Jitendra Kumar Agarwal has said
Same store sales growth - a key metric for apparel and retail businesses - fell 8.7 percent in Q3 FY23 over Q3 FY22
Demographic changes and deglobalisation will keep inflation higher than policymakers were used to pre-pandemic
Manish Shah, a Sebi registered investment adviser and a trader, advises staying away from intraday trades in individual stocks because of huge volatility
According to Radhika Rao, there could be a broadening of the support for manufacturing and supply chain rejig. Fiscal incentives, like the production linked incentive scheme, have benefitted many sectors, especially electronics, including the production of mobiles.
Analysts believe the power transmission company's commentary on new business diversification and pipeline of transmission projects would be keenly monitored
Experts predict a lot of volatility given the Union Budget week, but if the Nifty manages to hold the 50 WEMA, then there are fair chances that the index can easily surpass the 17,800-18,200 zone in the coming days, followed by 18,500
Rahul Kalantri, VP Commodities, Mehta Equities expects gold and silver to remain volatile this week ahead of the Union Budget and the US Fed meeting outcome. "Gold has support at Rs 56,750-56,610, while resistance is at Rs 57,140, 57,280. Silver has support at Rs 67,850-67,320, while resistance is at Rs 68,950–69,480," he added.
Varun Lohchab of HDFC Securities expects that the markets to respond favourably if the status quo is upheld for LTCG (long term capital gains).
The company's board on January 28 recommended an interim dividend of Re 0.60 per share (on face value of Rs 1 each) on the enhanced share capital of the company post Bonus Issue of equity shares in September 2022.
Rohan Shah of BP Wealth is bullish on Ashok Leyland, Max Healthcare, Supreme Industries, IRCON, and Apollo Tyres as he sees 17,470-17,420 as a strong support zone for Nifty50.
Edelweiss Gilt Plus SDL Short Duration Index Fund will invest in a mix of government securities and state-development loans. In doing so, Edelweiss continues to expand its basket of passive debt funds to short-term categories too.
Both Sensex and Nifty have declined 2 percent each in January so far. Major equity markets started gaining since the start of this year.
Markets are in for a flat start after Friday's rout. Wall Street clocked weekly losses but the SGX Nifty is hinting at an extremely flat start for Indian equities as mood is likely to stay cautious ahead of Union Budget on Wednesday. Meanwhile, Adani group stocks will be in focus today after logging market cap loss of over Rs 4 lk cr in last week's selloff. Stocks in focus: Adani Enterprises, DLF, HDFC AMC.
Fears about systemic risk are groundless
Prashant Pimple of Baroda BNP Paribas Mutual Fund expects FY23 to stick to approximately 6.4 percent FD/GDP in line with last year's budget and FY24BE to target fiscal deficit of around 6 percent of GDP, on path of fiscal consolidation.
Stocks to Watch: Check out the companies making headlines before the opening bell.
The currency has lagged peers from the Thai baht to the Indonesian rupiah this month, gaining only 1.4% even amid sustained dollar weakness.
Stock Market News: Trends in the SGX Nifty indicate a positive opening for the broader index in India with most global cues being supportive for a rebound. Among stocks, Larsen & Toubro, Tech Mahindra and Bajaj Finserv will be in focus today