Posts in category All News
Foreigners’ return propels Indian stocks to new all-time highs (09-07-2024)
Foreign investors drove record highs in Indian stocks, buying $4 billion since June. Modi policy concerns eased as NSE Nifty 50 hit new highs. Strong domestic flows and possible central bank rate easing bolstered economic confidence, notes HDFC’s Deepak Jasani. China’s uneven recovery and US election risks supported India’s $28 billion domestic inflows.
Shares of SRF rise as Nifty gains (09-07-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 2375.62.
Sensex climbs 270 pts; auto shares advance (09-07-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex, was up 270.93 points or 0.34% to 80,230.36. The Nifty 50 index added 62.55 points or 0.26% to 24,383.45.
Next 5 years may belong to REC & PFC; housing a 25-50-year story: Deven Choksey (09-07-2024)
REC and PFC are not expensive and given the kind of balance sheet strength that they have created and the kind of liability franchise that they have, these companies would eventually have far better performance to talk about. The next five years could belong to lenders like REC, and PFC in India, says Deven Choksey.
US Election Showdown 2024: Trump-Biden face-off and its effects on dollar and equities (09-07-2024)
A political showdown between Donald Trump and Joe Biden sets up a high-stakes battle in the US. With economic growth, inflation, and job statistics at play, the fate of the dollar and equities hangs in the balance.
Keystone Realtors soars after recording 22% YoY growth in Q1 pre-sales (09-07-2024)
Keystone Realtors added 3.61% to Rs 695.15 after the company reported pre-sales of Rs 611 crore in Q1 FY25, showing a growth of 22% YoY basis as compared to the pre-sales of Rs 502 crore recorded in Q1 FY24.
TCS Q1FY25 results: PAT may grow 8% YoY to Rs 11,984 crore, revenue uptick seen at 4.8% (09-07-2024)
TCS forecasts an 8% YoY rise in net profit to Rs 11,984 crore, driven by order signings, BFSI, and retail. Revenue estimated at Rs 62,234 crore. Q1 results on July 11. Brokerages like PL, ICICI Securities, and Kotak provided various estimates. Key factors: EBIT margin, wage revision, campus hiring, dollar revenues, financial services, telecom, EBITDA, deal wins, and visa costs.
Kalpataru Projects gains on increasing fundraise limit (09-07-2024)
Kalpataru Projects International added 1.63% to Rs 1,294.70 after the company said that it has increased fund raising limit via non-convertible debentures (NCDs) by upto Rs 1,600 crore.