'Focus on 19,400/64,900 as the key resistance levels for the Nifty/Sensex.'
It's all eyes on the consumer durables sector during the festival season after a weak Q1FY24 and Q2FY24 was impacted by an erratic monsoon. Traditionally, this period sees the highest number of purchases. Dealers and manufacturers are complaining about low business-to-consumer (B2C) off-take during the first half.
Operating margins for some companies dipped in Q3, 2021-22 but this sector could be nearing the bottom of the cycle in terms of profits.
The Lodha Group has bought land parcels worth Rs 12,000 crore in Mumbai
The average top executive monthly compensation is Rs 1 crore. The median employee salary is now Rs 820,000.
As many as 15 companies, including Adani Copper Tubes, LG Electronics and Wipro Enterprises, with committed investment of Rs 1,368 crore, have been selected as beneficiaries under the PLI scheme for the white goods sector, the government said on Tuesday. In March, the commerce and industry ministry had reopened the application window for its Rs 6,238-crore PLI scheme for white goods -- air-conditioners (ACs) and LED lights-- with an aim to accommodate more players as several firms had expressed interest in the initiative. Last year, as many as 46 firms, including Daikin, Panasonic, Syska and Havells, with committed investment of Rs 5,264 crore were selected in the first round the scheme.
Invest in quality companies that make profits, advises stock market expert and rediffGURU Samraat Jadhav.
This is the latest in a series of large office space buyouts by RMZ Corp which has created a portfolio of rent-yielding commercial assets in India.
The regulator will conduct forensic audit of all the seized documents, laptops, and mobile phones, which are suspected to be involved in the fraudulent activity, reports Shrimi Choudhary.
Sectoral index up 10% in past month, as market takes hope from higher order book, revenue and operating margins in September quarter.
Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in the new year Samvat 2071 on a firm note post the slew of reforms announced by the government over the past few days.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
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Globally, the company intends to cut expenses by $7.8 billion by 2014.
Biggest contribution came from Bharti group-led Satya Electoral Trust.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
With rate cut expectations running high ahead of RBI meet this week, risk appetite improved especially in rate sensitive stocks
The S&P BSE Sensex ended up 129 points at 26,843 and the Nifty50 ended up 39 points at 8,220.
Consolidation is the prime mood of the Indian equity market at the moment.
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
Stocks and sectors impacted most by GST.
The 30-share Sensex ended up 204 points at 27,215 and the 50-share Nifty ended up 59 points at 8,238.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Companies write off investments, shed assets as initial projections go haywire
India Inc is either shutting loss making businesses or is hiving off allied verticals to enhance revenues.
Large and small businesses alike have delivered low-key performances.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
RIL, HDFC twins, M&M, Infosys among the top losers for the day.
Financials were the top losers while oil shares also declined amid weak crude oil prices.
More and more the buck will stop at the board. Look no further than Infosys, says Amit Tendon.
Sensex seems to be under pressure on weak cues.
Motherson Sumi, Tata Steel, Jaguar Land Rover will face higher cost.
That resulted in a 50-basis point improvement in operating profit margins on a sequential basis.
Sensex ended up 11 points at 25,561 and the 50-share Nifty gained 16 points to end at 7,640.
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
10 stocks which are most popular with brokerages right now and are expected to deliver maximum upside over the next 12 months.
Firms are offering employees flexi hours; demand for air purifiers, masks have skyrocketed.
The 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494.
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