Posts in category Business Standard
Inflation, industrial production data to drive market trends: Analysts (11-02-2024)
Stock markets would take cues from the upcoming macroeconomic data announcements and global trends besides keeping a watch on the trading activity of foreign investors, analysts said.
The last batch of the ongoing earnings calendar would trigger stock-specific action, traders said.
"This week, we have to deal with macroeconomic data on both the domestic and global front. Our IIP and retail inflation numbers will be released on February 12, while WPI will be released on February 14. The US CPI numbers will be released on February 13, while their retail sales numbers will be announced on February 15.
"Amid these numbers, the movement in US bond yields and the dollar index will be watched. Apart from this, movement of crude oil and flows from institutional investors will be other important factors. The last batch of Q3 earnings can lead to stock-specific movements," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
NHPC, SAIL, BHEL, Hindustan Copper, Mahindra & Mahindra,
FPIs on bullish stance; infuse over Rs 15,000 cr in debt market in Feb (11-02-2024)
Foreign Portfolio Investors (FPIs) continued their bullish stance on the country's debt markets with a net infusion of over Rs 15,000 crore so far this month, on the back of inclusion of Indian government bonds in the JP Morgan Index along with relatively stable economy.
This followed a net investment of Rs 19,836 crore in January, making it the highest monthly inflow in more than six years. This was the highest inflow since June 2017, when they infused Rs 25,685 crore.
On the other hand, foreign investors pulled out more than Rs 3,000 crore from equities during the period under review. Before this, they withdrew a massive Rs 25,743 crore in January, data with the depositories showed.
"The main trigger for this divergent trend in equity and debt is the high valuation in the Indian equity market and the rising bond yields in the US," V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.
Himanshu Srivastava, Associate Director - Manager Research, Morningstar
Cenlub Industries standalone net profit declines 31.07% in the December 2023 quarter (10-02-2024)
Sales rise 28.94% to Rs 20.14 crore
Veerhealth Care standalone net profit declines 42.42% in the December 2023 quarter (10-02-2024)
Sales rise 4.36% to Rs 2.87 crore
Parle Industries reports standalone net profit of Rs 0.06 crore in the December 2023 quarter (10-02-2024)
Reported sales nil
Jayant Agro Organics consolidated net profit rises 108.77% in the December 2023 quarter (10-02-2024)
Sales decline 18.32% to Rs 428.88 crore
SBEC Sugar reports consolidated net loss of Rs 2.19 crore in the December 2023 quarter (10-02-2024)
Sales decline 4.87% to Rs 144.10 crore
Nahar Capital & Financial Services reports consolidated net loss of Rs 0.15 crore in the December 2023 quarter (10-02-2024)
Sales decline 36.71% to Rs 3.93 crore
B&B Realty reports standalone net loss of Rs 0.21 crore in the December 2023 quarter (10-02-2024)
Reported sales nil
Orient Press reports standalone net loss of Rs 0.56 crore in the December 2023 quarter (10-02-2024)
Sales decline 1.74% to Rs 43.36 crore