Stocks to Watch: Shares of city gas distributors are likely to be in focus today as they react to government’s nod for new pricing regime.
Posts in category Business Standard
BSE products to get nip-and tuck-treatment under Sundararaman Ramamurthy (10-04-2023)
Asia’s oldest bourse gets battle-ready under new chief
Consider 2023 as a year to invest for long term, says Sankaran Naren (10-04-2023)
Sankaran Naren, executive director and chief investment officer at ICICI Prudential Asset Management Company, in conversation with Puneet Wadhwa
Mauritius down; Norway, Singapore gain as FPI destinations in FY23 (10-04-2023)
The total assets under custody (AUC) from Mauritius declined nearly 42 per cent to Rs 6.66 trillion at the end of March 2023, from Rs 10.88 trillion a year ago.
Street Signs: PSU Bank exchange-traded funds, Yum! Brands stocks, and more (10-04-2023)
Analysts say Yum!’s – which operates Kentucky Fried Chicken (KFC), Taco Bell, and Pizza Hut food chains – performance has improved, driven by aggressive store expansion vis-a-vis other players
Weak demand, excess supply get tile makers walking on eggshells (10-04-2023)
Although lower gas prices could offer some relief on margins
Mcap of 8 of top-10 firms climbs Rs 82,169 cr last week; HDFC twins sparkle (09-04-2023)
Eight of the top 10 valued firms added Rs 82,169.3 crore in market valuation last week, with HDFC twins emerging as the biggest winners amid an overall positive trend in equities.
Last week, equity markets were closed on Tuesday (April 4) for ‘Mahavir Jayanti’ and on Friday (April 7) on account of ‘Good Friday’.
The 30-share BSE Sensex climbed 841.45 points or 1.42 per cent in the holiday-shortened week.
Of the top 10 valued firms, eight including Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd, HDFC and ITC witnessed gains in their market valuation.
From the top-10 pack, the valuation of HDFC Bank jumped Rs 31,553.45 crore to Rs 9,29,752.54 crore. HDFC’s market valuation surged Rs 18,877.55 crore to Rs 5,00,878.67 crore.
Bharti Airtel added Rs 9,533.48 crore taking its valuation to Rs 4,27,111.07 crore.
The market capitalisation (mcap) of Reliance Industries rallied Rs 6,731.76 crore to Rs 15,83,824.42 crore and that of TCS climbed Rs 5,81
Macroeconomic data, quarterly results to guide markets next week: Analysts (09-04-2023)
Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said.
Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added.
Equity markets would remain closed on Friday for ‘Dr Baba Saheb Ambedkar Jayanti’.
“Leading IT companies TCS and Infosys will report their results this week. Due to concerns about a worldwide recession, markets will pay close attention to management commentary. US inflation and non-farm payroll figures will be important things to keep an eye on the global front.
“In addition to FIIs’ actions, other crucial market-determining variables include the movement of crude oil prices, the dollar index, and US bond yields,” Santosh Meena, Head of Research at Swastika Investmart Ltd, said.
TCS will announce its quarterly earnings on Wednesday and Infosys on Thursday.
Ajit Mishra, VP –
Public sector non-life insurers doesn’t respect CLC orders: GIEAIA (08-04-2023)
The four companies are National Insurance Company Ltd, Oriental Insurance Company Ltd, United India Insurance Company Ltd and The New India Assurance Company Ltd
Gold price falls Rs 110 to Rs 60,870, silver rises Rs 110 to Rs 76,600 (08-04-2023)
The price of ten grams of 22-carat gold fell by Rs 100 to Rs 55,800