The report further explained that excluding companies in cyclical sectors like Oil & Gas and Metals, Nifty’s performance is expected to be stronger, with revenue, EBITDA, and PAT growth likely to be 6.7%, 11.3%, and 10.2%, respectively
Posts tagged BL
Indian bonds show neutral to marginally attractive valuation compared to equity amid rate-cut cycle: SBI Mutual Fund (12-10-2024)
The report added that a notable rally in bond yields was observed following India’s inclusion in the FTSE Emerging Markets Global Bond Index, along with a change in policy stance
Gold hits near record levels, silver follows suit amidst rising demand (11-10-2024)
Gold prices surged by ₹1,150 to ₹78,500 per 10 grams, while silver prices rose by ₹1,500 to reach ₹93,000 per kg
TCS shares dip 2% post-Q2 earnings announcement (11-10-2024)
Despite reporting a 4.99% increase in net profit for the quarter, amounting to ₹11,909 crore, and a revenue rise of 7.06% to ₹64,988 crore, the narrowing profit margin and the overall market response pegged TCS as the biggest laggard among major BSE Sensex and NSE Nifty companies
Rupee plummets to 84.09 against dollar, ties previous all-time low (11-10-2024)
The rupee’s performance was also impacted by the volatile situation in the Middle East, which is expected to keep oil prices elevated and exert further pressure on the currency
India’s forex reserves fall by $3.7 billion to $701.18 billion (11-10-2024)
The decline was primarily due to a decrease in foreign currency assets by $3.511 billion, now at $612.643 billion.
Bigul unveils stock baskets feature for theme-based investing (11-10-2024)
Curated by research analysts, these baskets aim to simplify the investment process, offering a risk-mitigated and streamlined investment experience
Motilal Oswal launches Digital India Fund focused on tech and digital ecosystem growth (11-10-2024)
The NFO, which opened on October 11, 2024, aims to invest in companies within the Technology, Telecom, Media, Entertainment, and related ancillary sectors, excluding traditional IT services providers
Edible oil import down by 6% in 11 months (11-10-2024)
India imported 145.35 lakh tonnes (lt) of edible oil during the first 11 months of the oil year 2023-24, against 154.68 lt in the corresponding period of the previous oil year
Rupee falls to record low amid outflows from stocks, bonds (11-10-2024)
RBI changed its stance to ‘neutral’ on Wednesday, spurring bets that the country is on the path to cut interest rates