India’s leading private sector bank HDFC Bank will release its fourth quarter numbers today along with a few other companies, closing what was a hectic week of corporate earnings. The numbers were mixed for IT companies as TCS Q4 results beat the estimates, while Infosys struggled with softer FY25 and revenue miss. Other companies which … Read more
The Indian market closed in the green for the second consecutive day. The S&P BSE Sensex rose more than 170 points, while the Nifty50 closed above 21,700 levels. However, on a weekly basis, Nifty50 closed flat with a negative bias for the week ending January 5, 2024. Sectorally, buying was seen in IT, capital goods, … Read more
Following US Federal Reserve Jerome Powell’s hawkish commentary on Wednesday, Indian equities ended lower in a volatile session. Nifty settled below 18,800 levels, down 0.45%. Meanwhile, high volatility also weighed on midcap and smallcap indices, which were having a good run over the past few sessions. From the Nifty pack, Divis Laboratories, L&T, HDFC twins … Read more
Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. Indian equities ended the first … Read more
Equity benchmark indices Sensex and Nifty ended lower in highly volatile trade on Thursday due to selling in banking, metal and energy counters amid a mixed trend in the global markets. Falling for the second day in a row, the 30-share BSE Sensex declined 194 points to settle at 62,428.54. Nifty ended below 18,500, while … Read more
The December quarter earnings were a mixed big, but an analysis of the bottomline performance of the companies showed that as many as 41 of them reported a loss for the fourth straight quarter. The analysis by ETMarkets was done on companies with a minimum market capitalisation of Rs 500 crore. The new-age technology companies, … Read more
As global cues turned negative and concerns over continued monetary tightening weighed, Indian indices ended Friday’s session on a weak note. Nifty ended over 0.5% lower at 17,944, while Sensex also lost 0.52% to close at 61,002.5. Broader markets, meanwhile, underperformed their headline peers, with Nifty Midcap 100 falling 0.8%. Here’s how analysts read the … Read more
Benchmark indices rallied for the second day in a row led by gains in the PSU bank stocks. Nifty ended higher at 17,480 points. SBI, Adani Ports, , Nestle and SBI Life led the Nifty gainers’ pack while the laggards were NTPC, HDFC, , and . Here’s how analysts read the market pulse: Nagaraj Shetti, … Read more
A host of board meetings are scheduled for today. A majority of them will meet for the quarterly results. Some of the big names that will announce their earnings today are HDFC Bank, L&T Infotech, ICICI Prudential Life Insurance, Avenue Supermarts, , , , and . and Services’ board will, however, meet for consideration of … Read more
MUMBAI: With the insolvency law entering the fifth year, a leading resolution agency has emphasised the need for focusing on efficiency to ensure time-bound resolution as it averaged 440 days for resolving 277 cases approved by the NCLT as on September 2020. An Alvarez & Marsal India report on Thursday called upon all IBC stakeholders … Read more