Sales rise 3.75% to Rs 607.88 crore
Posts in category Business Standard
M M Forgings consolidated net profit declines 9.99% in the September 2024 quarter (28-10-2024)
Sales rise 0.62% to Rs 390.76 crore
Thermax, Vishnu; top stock picks by Rajesh Bhosale of Angel One (28-10-2024)
Thermax has demonstrated impressive strength in a sluggish market, delivering a bullish range breakout on Friday, signaling a continued uptrend into next week
Stocks to Watch: ICICI Bank, IndiGo, Coal India, ITD Cement, Hindustan Zinc (28-10-2024)
Stocks to Watch: IndiGo posted a loss of Rs 986.7 crore in Q2, compared to a profit of Rs 188.9 crore in the previous year quarter.
Global funds look towards India as financial market jitters pick up (27-10-2024)
A steady influx of foreign capital has positioned the nation’s bonds among top performers in developing markets this year, while the country’s stock market hit a record high last month
Oil prices likely to fall after Israel shows restraint in strikes on Iran (27-10-2024)
Iran on Saturday played down Israel’s overnight air attack against Iranian military targets, saying it caused only limited damage
Mcap of 9 of top-10 most valued firms drops Rs 2 trn as markets tumble (27-10-2024)
Nine of the top-10 most valued firms together lost a whopping Rs 2,09,952.26 crore from market valuation last week, in line with weak trends in equities, with Hindustan Unilever and Reliance Industries Limited taking the biggest hit.
Last week, the BSE benchmark tanked 1,822.46 points or 2.24 per cent.
“The dismal Q2 earnings so far have aggravated the investors’ woes while persistent FII selling continued to create havoc in the market,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
From the top-10 pack, HDFC Bank emerged as the only winner.
The market valuation of Hindustan Unilever eroded by Rs 44,195.81 crore to Rs 5,93,870.94 crore.
Reliance Industries’ valuation tumbled Rs 41,994.54 crore to Rs 17,96,726.60 crore.
State Bank of India’s market valuation plummeted by Rs 35,117.72 crore to Rs 6,96,655.84 crore, and that of Bharti Airtel tanked by Rs 24,108.72 crore to Rs 9,47,598.89 crore.
The market capitalisation (mcap) of Tata Consultancy Services (TCS) dr
Swiggy cuts IPO valuation again, to $11.3 bn, BlackRock and CPPIB to invest (27-10-2024)
Swiggy does not want a bad IPO, a source said. Its last funding round, led by Invesco, valued it at $10.7 billion in 2022
FII activities, global trends drivers for mkt movement this week: Analysts (27-10-2024)
Equity investors will track the trading activity of foreign investors, global trends and ongoing earnings results for further cues, and benchmark indices may continue to witness consolidation in a holiday-shortened week amid the monthly derivatives expiry, analysts said.
Markets fell sharply last week amid massive foreign capital outflows and dismal Q2 earnings so far.
Weakness in the markets might continue in the near term amid cautiousness among investors ahead of the US presidential election early next month, an expert said.
Equity markets will remain closed on Friday for Diwali, but a special trading window will be open for one hour in the evening.
Leading stock exchanges BSE and NSE will conduct a one-hour special ‘Muhurat Trading’ session on the occasion of Diwali on November 1, marking the start of the new Samvat 2081.
Vinod Nair, Head of Research, Geojit Financial Services, said, “We expect the consolidation to continue in the short term. A reversal in trend will depend on
FPIs withdraw Rs 85,790 cr from equities due to Chinese mkt valuation (27-10-2024)
Foreign investors have continued selling in the Indian market, pulling out a massive Rs 85,790 crore (around USD 10.2 billion) from equities this month due to Chinese stimulus measures, attractive stock valuations, and the elevated pricing of domestic equities.
October is turning into the worst-ever month in terms of foreign fund outflows. In March 2020, FPIs withdrew Rs 61,973 crore from equities.
The latest outflow came after a nine-month high investment of Rs 57,724 crore in September 2024.
Since June, foreign portfolio investors (FPIs) have consistently bought equities after withdrawing Rs 34,252 crore in April-May. Overall, FPIs have been net buyers in 2024, except for January, April, and May, data with the depositories showed.
Looking ahead, the trajectory of global events like geopolitical developments and interest rate movements will play a crucial role in shaping future foreign investment in Indian equities, Himanshu Srivastava, Associate Director, Manager Research, …