Experts believe the current rally was not led by fundamentals, it was by liquidity. They expect overall September quarter earnings to be weak but may pick up from Q3 or Q4FY16 onwards. According to them, earnings as well as Fed rate hike and Bihar elections will be key events in short term.
Posts tagged MC
Sensex up 234 pts; Vedanta zooms 12%, Infosys Q2 nos eyed (09-10-2015)
Sensex ends 234 pts up; Infosys gains 3% ahead of Q2 nos (09-10-2015)
Experts believe the current rally was not led by fundamentals, it was by liquidity. They expect overall September quarter earnings to be weak but may pick up from Q3 or Q4FY16 onwards. According to them, earnings as well as Fed rate hike and Bihar elections will be key events in short term.
Did You Know: Media Matrix Worldwide’s mkt-cap jumped 1500% in 3 years (09-10-2015)
Media Matrix Worldwide is into trading mobile handsets, software development and provides technical support services to third parties.
Hold Bajaj Corp; target of Rs 515: Edelweiss (09-10-2015)
Edelweiss has recommended hold rating on Bajaj Corp with a target price of Rs 515 in its research report dated October 8, 2015.
Vodafone to offer freebies worth Rs 8,885 on latest iPhones (09-10-2015)
“Existing or new Vodafone customers can buy a new iPhone 6s or iPhone 6s Plus and get a fully built Vodafone RED 1,299 worry-free plan free for six months from the time of purchase,” the company said in a statement.
Railway to provide dustbins in all 60k coaches soon: Prabhu (09-10-2015)
Barring air-condition (AC) and a few non-AC sleeper coaches, majority of coaches currently don’t have dustbins resulting in problems in disposing garbage by the passengers in moving trains.
IT department slaps fresh tax notice on Nokia India (09-10-2015)
“Fresh tax demands notice has been served to Nokia India for dispute relating to other assessment years, apart from the one being contested currently in ITAT,” a senior Finance Ministry official said.
Micromax launches its first laptop in India at Rs 13,999 (09-10-2015)
The Micromax Canvas Lapbook comes with dual speakers, 11.6-inch display, 32GB inbuilt storage (expandable up to 64GB), 5,000 mAh battery and, a seven-day on-site service.
Sugar output to decline to 26 mn tons in 2015-16 (09-10-2015)
This is almost similar to the projection made by the state governments but much lower than industry body ISMA’s estimate of 27 million tonnes for this year. The country had produced 28.1 million tonnes of sugar in the 2014-15 marketing year (October-September).
Aurobindo gets USFDA final nod for anti-psychotic tablets (09-10-2015)
“The company has received the final approval from the US Food and Drug Administration (USFDA) to manufacture and market Aripiprazole tablets… and the product is ready for launch,” Aurobindo Pharma said in a statement on Friday.