Sales rise 5.98% to Rs 512.74 crore
Posts in category Business Standard
Sanginita Chemicals standalone net profit declines 59.26% in the September 2024 quarter (14-10-2024)
Sales rise 83.60% to Rs 61.34 crore
Atishay standalone net profit rises 40.78% in the September 2024 quarter (14-10-2024)
Sales rise 78.22% to Rs 13.01 crore
Just Dial standalone net profit rises 114.61% in the September 2024 quarter (14-10-2024)
Sales rise 9.29% to Rs 284.83 crore
Plastiblends India standalone net profit declines 33.79% in the September 2024 quarter (14-10-2024)
Sales decline 11.93% to Rs 185.35 crore
Osho Krishan of Angel One recommends buying these two defense stocks today (14-10-2024)
HAL has undergone a corrective phase from its peak of Rs 5,659 towards the 200 SMA on the daily time frame chart, coinciding with the previous breakout zone. In the last couple of trading sessions
Stocks To Watch: Wipro, HAL, Dmart, Ola Electric, GIC Re, Oberoi Realty (14-10-2024)
Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.
Corporate earnings, inflation data key factors to drive markets: Analysts (13-10-2024)
Quarterly earnings of corporates, trading activity of foreign investors and inflation data are the key factors that are expected to drive the momentum in the equity markets this week, analysts said.
Moreover, markets would also focus on movement in crude oil prices amid geopolitical tensions, experts added.
“In the coming week, the market’s direction will largely hinge on corporate earnings, with major companies like Reliance Industries, Infosys, HDFC Bank, Axis Bank, and HCL Technologies set to release their results, among others,” Ajit Mishra, SVP, Research, Religare Broking Ltd, said.
From the macroeconomic front, investors will keep an eye on the CPI (consumer price index-based inflation) and WPI (wholesale price index-based) inflation data for September, scheduled to be announced on Monday.
Investors will also closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows. Key domestic economic data, including CPI and WPI
Mcap of 7 of top-10 most valued firms erode by Rs 1.22 trn; TCS, RIL lag (13-10-2024)
The combined market valuation of seven of the top-10 most valued firms eroded by Rs 1,22,107.11 crore last week, with Tata Consultancy Services and Reliance Industries emerging as the biggest laggards, in line with weak trend in equities.
Last week, the BSE benchmark fell 307.09 points, or 0.37 per cent, to 81,381.36.
The market valuation of country’s largest IT firm Tata Consultancy Services (TCS) tumbled Rs 35,638.16 crore to Rs 15,01,723.41 crore.
The valuation of Reliance Industries slumped Rs 21,351.71 crore to Rs 18,55,366.53 crore.
ITC’s valuation dropped Rs 18,761.4 crore to Rs 6,10,933.66 crore, while that of Hindustan Unilever Ltd’s mcap was down Rs 16,047.71 crore to Rs 6,53,315.60 crore.
The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) tanked Rs 13,946.62 crore to Rs 6,00,179.03 crore and that of ICICI Bank eroded Rs 11,363.35 crore to Rs 8,61,696.24 crore.
Also, HDFC Bank’s mcap declined Rs 4,998.16 crore to Rs 12,59,269.19 crore.
Howeve
FPIs take out Rs 58,711 cr from equities in Oct on geopolitical crisis (13-10-2024)
Foreign investors turned net sellers in October, withdrawing shares worth Rs 58,711 crore in the month so far owing to escalating conflict between Israel and Iran, a sharp rise in crude oil prices, and the strong performance of the Chinese market.
The outflow came following a nine-month high investment of Rs 57,724 crore in September.
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, global factors such as geopolitical developments and the future direction of interest rates will play a crucial role in determining the flow of foreign investments into the Indian equity markets, Himanshu Srivastava, Associate Director, Manager Research, Morningstar Investment Research India, said.
According to the data, FPIs made a net withdrawal of Rs 58,711 crore from equities between October