Notwithstanding the inflation pinch, analysts believe the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment and discretionary purchases bounce back from the Covid-19 pandemic. "The shift in consumer preference from the unorganised sector to the organised, coupled with uptick in domestic demand as people resume work from office, will cheer the Indian retail sector," says Nishit Master, portfolio manager, Axis Securities. Shopping malls are witnessing increased footfall in lower tier towns and standalone stores as consumption picks up and mobility improves.
The 30-share index ended higher by 481.16 points or 1.91 per cent at 25,626.75 -- its highest closing since January 1.
Tennis great John McEnroe finds it hard to believe that Maria Sharapova was unaware she was taking a banned drug that led to her suspension, the seven-time Grand Slam champion said on Saturday.
Yes Bank was the top gainer in the Sensex pack, soaring 24.03 per cent, after the lender said it had received a binding offer for $ 1.2 billion funding from an overseas investor. SBI, Infosys, Tata Motors, Bharti Airtel, HCL Tech and HDFC too rallied up to 7.69 per cent.
Amid heated debate on algorithm based trades, ace investor Rakesh Jhunjhunwala today backed this form of trading, and questioned the need to regulate it.
ICICI Bank was the top gainer in the Sensex pack, rising around 4 per cent, followed by UltraTech Cement, Sun Pharma, Bharti Airtel, HUL, SBI, L&T, Axis Bank and IndusInd Bank. On the other hand, Reliance Industries, Bajaj Finserv, HCL Tech and HDFC were among the laggards.
The top-seeded duo battled past the Rodionova sisters of Australia, Anastasia and Arina, 6-7, 6-3, 10-5 in their opening round match of the US $731,000 clay-court event.
A young couple sharing a laugh - in the living room over a Polish joke book, on the beach, in the rain - with the tagline, "Made for each other", hung from billboards at prominent street corners from the 1960s to the 1990s. It was a campaign for one of the largest selling cigarette brands in India, Wills (Navy Cut) from the ITC stable, that resonated with a generation of smokers and non-smokers alike till the curtains came down on tobacco advertising in 2004. As we prepare to welcome 2024, ITC has metamorphosed from a tobacco giant into a conglomerate straddling multiple large-sized businesses. In the mind space of Gen Z or millennials, the company represents a gamut of branded products - from frozen food (ITC Master Chef), noodles (YiPPee!), and cookies (Sunfeast) to snacks (Bingo!) and notebooks (Classmate), and so on and so forth.
Yes Bank and Tata Motors were the biggest losers in the Sensex pack, slumping 8 per cent.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
The stock market will most likely see bullish trends this week in the run up to Union Budget as investors pin hopes on strong reform measures to rev up the economy, say experts.
Rafael Nadal dug deep to beat mercurial wildcard Nick Kyrgios 7-6(0), 5-7, 6-4 in a blockbuster quarter-final match that lived up to the hype at Indian Wells on Thursday.
South Korean Chung Hyeon managed to hang around against Roger Federer a little longer this time around, but only just, as the Swiss maestro advanced to the semi-finals of the BNP Paribas Open 7-5, 6-1 on Thursday.
Venus Williams' return to Indian Wells lasted just one match but sister Serena looked poised for a long run after a dominant win at the BNP Paribas Open on Friday. Venus returned to the event for the first time since 2001, having boycotted it after being booed and heckled by fans during her previous trip, but made a quick exit after a 6-4 6-3 defeat to Japanese qualifier Kurumi Nara in the second round. The 15-year-old incident had occurred when Venus withdrew from a semi-final match with Serena, drawing ire from the crowd aimed at the Williams family. This time, though, Venus was greeted warmly by the crowd before her match and throughout it, a consolation for her poor performance. "It was enough of a fairytale to come here and play," Venus told reporters. "A win would have been nice, but that means I have to come back, play next year."
World No 3 Roger Federer has delayed his ATP World Tour return by a month and plans to make his comeback from knee surgery at the Monte Carlo Masters in April.
HDFC Bank Q1FY24 results analysis: Shares of HDFC Bank, the world's seventh largest financial entity, have advanced 2 per cent in two days, as against 1 per cent rise in the benchmark S&P BSE Sensex, after the lender reported its April-June quarter (Q1) results for financial year 2023-24 (FY24) on July 17. The S&P BSE Bankex index, meanwhile, has gained 1.3 per cent. While the near-term stock performance may remain sideways due to merger-related hiccups, analysts remain bullish on the stock's long-term prospects.
So which sectors are likely to do well in 2022? Should you focus on domestic economy-related sectors or export-oriented ones?
Technical analyst will not be able to give contrary recommendations regarding a company
Czech Lucie Safarova took the final qualifying spot for the end-of-season WTA Finals after Spain's Carla Suarez Navarro was knocked out of the Kremlin Cup quarter-finals on Thursday.
'Overtightening of monetary policy by central banks and the spread of new Covid variants, which may force governments to restart lockdowns or restrict mobility.'
The rupee is trading weak against the dollar in afternoon trade.
Angelique Kerber displayed her grit and vaunted fitness as she battled back to beat France's Pauline Parmentier 7-5, 3-6, 7-5 in scorching heat on Monday to reach the fourth round of the BNP Paribas Open.
Sania Mirza and her Czech partner Barbora Strycova stormed into the quarter-finals of the BNP Paribas Open 2017 tennis tournament with a straight-set win over their opponents in the women's doubles at Indian Wells.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Roger Federer and Rafael Nadal advanced to the quarter-finals of the BNP Paribas Open.
M&M, which owns a 75 per cent stake in SYMC, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010 but has struggled to revive its fortunes.
Shares of power, IT, tech, utilities and capital goods firmed up
The upcoming corporate results season and the approaching Union Budget kept investors on their toes
Big-serving Canadian Milos Raonic made a strong return to competition on Friday by beating Viktor Troicki 6-3, 7-5 to reach the third round of the Miami Open.
'My priority will always be, as it is now, my family, my kids and my wife'
After eight months of consecutive outflows, equity mutual funds witnessed a net inflow of Rs 9,115 crore in March amid correction in the stock market. Barring multi-cap and value fund categories, all the equity schemes saw inflow last month, data from the Association of Mutual Funds in India (Amfi) showed on Thursday. However, investors pulled out Rs 52,528 crore from debt mutual funds last month, after investing Rs 1,735 crore in February, owing to advance tax payments and other year ending commitments. Overall, the mutual fund industry witnessed a net outflow of Rs 29,745 crore across all segments during the period under review, compared with a net inflow of Rs 4,090 crore in February.
The Australian Open champion never faced a break point and used her hard and accurate serve to dispatch Gauff.
Investors remained cautious in the face of the expiry of November series contracts in the derivatives segment, which also dampened sentiment.
A defiant Rafael Nadal won an all-Spanish clash of the generations taming teenager Carlos Alcaraz 6-4, 4-6, 6-3 to stretch his winning run to 20 matches on Saturday and clinch a place in the Indian Wells final. He will take on American Taylor Fritz in Sunday's championship in the California desert where a victory would see the 35-year-old equal Novak Djokovic's record of 37 ATP Masters 1000 titles.
The Australian fell to the floor in celebration after clinching the victory, before sticking a finger behind his ear and asking the raucous crowd to cheer louder.
Top laggards in the Sensex pack included Kotak Bank, ICICI Bank, HDFC Bank, Tata Motors, L&T, SBI, Tata Steel and Axis Bank, falling up to 3.46 per cent.
The biggest gainers in the Sensex pack were Sun Pharma, Bajaj Finance, Vedanta, Yes Bank, ICICI Bank, HDFC, Tata Motors, HCL Tech, IndusInd Bank and Axis Bank, rising up to 2.98 per cent.
The biggest gainers on both bourses were Bharti Airtel, HDFC duo, L&T, Bajaj Auto, Kotak Bank, Reliance Industries, Axis Bank, ICICI Bank, SBI, ITC and Bajaj Finance, rising up to 4 per cent.
ICICI Bank was the top gainer in the Sensex pack, rising around 3 per cent, followed by Axis Bank, HDFC twins, SBI, L&T, ONGC and Infosys. On the other hand, Sun Pharma, Asian Paints, Nestle India, UltraTech Cement and HUL declined. NSE Nifty rose by 79.60 points or 0.67 per cent to 11,914.20.
Raducanu falls in first match since US Open triumph.
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