Posts in category Business Standard
Stock markets to track global cues, macro data in holiday-shortened week (07-04-2024)
Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said.
Equity markets will remain closed on Thursday for Eid-Ul-Fitr.
Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets.
"Indian companies are set to enter a new corporate earnings Q4 season this week. Leading the pack is IT services giant TCS, set to kick off the earnings season for the quarter ending March 2024.
"Its results for the fourth quarter of FY24 will be announced on April 12, 2024, after market trading hours. Apart from that India's industrial production data will also be announced on 12th April 2024. On the same day, inflation for March will be declared," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
Investors will closely monitor the movement of the rupee against the dollar, crude oil prices, and investment activities
Mcap of 4 of top-10 firms hit Rs 1.71 trn; HDFC Bank, LIC lead gainers (07-04-2024)
Four of the top 10 valued firms added Rs 1,71,309.28 crore to their market valuation last week with HDFC Bank and Life Insurance Corporation of India (LIC) emerging as the biggest gainers in line with an overall positive trend in equities.
On the other hand, six companies from the top 10 pack took a Rs 78,127.48 crore hit to their market valuation with index major Reliance Industries accounting for the majority of the losses.
Last week, the BSE benchmark climbed 596.87 or 0.81 per cent. It hit an all-time high of 74,501.73 on April 4.
While Tata Consultancy Services (TCS), HDFC Bank, State Bank of India and LIC were the gainers from the top 10 pack, Reliance Industries, ICICI Bank, Bharti Airtel, Infosys, ITC and Hindustan Unilever faced losses in their valuation.
The market valuation of HDFC Bank jumped Rs 76,880.74 crore to reach Rs 11,77,065.34 crore. LIC added Rs 49,208.48 crore, taking its valuation to Rs 6,27,692.77 crore.
The market capitalisation (mcap) of TCS climbed Rs .
Health-tech firm Pristyn Care eyes IPO in 3 yrs, to expand market presence (07-04-2024)
By streamlining costs and maximising efficiency, the company aims to enhance its financial performance while expanding its market presence
Gulshan Polyols wins order for supply of ethanol to OMCs (06-04-2024)
After the closure of the first round of offerings, Gulshan Polyols has been allocated a quantity, for additional supply of 11396 Kilolitres of Ethanol for Q3 and Q4 (ESY) till 31 October 2024 from its 500 KLPD Ethanol plant at Boregaon having an estimated order value of Rs 78.43 crore.
Gland Pharma receives USFDA approval for Eribulin Mesylate Injection (06-04-2024)
Gland Pharma has received approval from the United States Food and Drug Administration (USFDA) for Eribulin Mesylate Injection, 0.5 mg/mL Single Dose Vial (Product).
Board of Rossari Biotech approves incorporation of subsidiary in Dubai (06-04-2024)
At meeting held on 06 April 2024
Bharti Hexacom IPO ends with good subscription (06-04-2024)
The offer received bids for 123.23 crore shares as against 4.12 crore shares on offer.
USFDA conducts audit of Stride Alathur’s formulations unit (06-04-2024)
Powered by Capital Market - Live News
Punjab National Bank total advances jumps 11.5% YoY in Q4 (06-04-2024)
The state-run lender said that its total advances stood at Rs 9,85,986 crore as of 31 March 2024, recording a growth of 11.5% as against Rs 8,84,681crore as of 31 December 2023.
Adani Wilmar records 4% volume growth in Q4 FY24 (06-04-2024)
Adani Wilmar said that it has witnessed double-digit growth in both edible oils and foods businesses during the quarter, was driven by increased retail penetration.