The 30-share Sensex provisionally ended up 112 points at 28,555 and the 50-share Nifty closed 24 points higher at 8,561 after hitting a record high of 8,626.95.
Ban on high-value currency sends advertising industry into a tailspin.
Two giant brands get into a slugfest over the goodness of ice creams and frozen desserts, reports Sohini Das.
ITC has provided retailers with leaflets to assure customers of Yippee noodle's quality and safety standards
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
In spite of a severe second wave of the coronavirus pandemic, and a widespread disruption in public life therefore, India's fast-moving consumer goods (FMGC) sector seems to have emerged as one of the most resilient segments of the economy. The early numbers and estimates for the April-June quarter indicate a steady recovery in FMCG players' business, which is now set to exceed the pre-pandemic level. Amid nationwide lockdowns because of the first Covid wave, FMCG revenues had been severely affected in mid-2020.
While FMCG companies lose Rs 98,928 crore in m-cap, consumer durables stocks are down Rs 20,673 crore since November 8.
About 50,000 truckers, most of whom are single-truck owners, could be thrown off their businesses due to the recent fuel price hike. "Already the vehicle supply on the road is higher than the requirement. "With the fuel price hike, fleet owners will look to cut down fleet size wherever needed and due to this, small single-truck owners could be at the receiving end," Ashok Goyal, managing director at BLR Logistiks (I) Ltd said. The company has a fleet of 500 vehicles of all types-small, medium and large with pan-India presence.
Analysts expect earnings to become increasingly relevant given that the stocks have rallied on positive sentiment and the gush of liquidity. Macro factors, they suggest, have already led to a large re-rating in most counters
Move raises doubts about the viability of the business model in organised retail.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The 30-share Sensex provisionally ended up 46 points to end at 28,122 and the 50-share Nifty gained 20 points to close at 8,514.
The S&P BSE Sensex ended the session at 25,342, up 3 points while the Nifty50 closed at 7,738 points.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
ICICI Bank, HDFC Bank, IndusInd Bank down between 0.2%-1.4% each.
Premiumisation, improving demand aid realisation growth at most large firms
The breadth, indicating the overall health of the market, was slightly positive
The 30-share Sensex ended up 214 points at 27,890 and the 50-share Nifty closed up 52 points at 8,430.
After the hit of the pandemic, India Inc is now worried about the adverse impact of inflation and higher commodity prices on their revenues and margins. The inflation scare is the strongest among manufacturers of consumer goods such as automobiles, consumer durables, and fast-moving capital goods (FMCG). Companies across sectors fear they will not be able to pass on the hike in input costs to their consumers due to weak demand, which, in turn, would lead to a hit on margins and profitability in the forthcoming quarters.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While green shoots are beginning to emerge, with June sales rebounding to pre-Covid levels thanks to a rural revival, most FMCG chief executives have voiced concerns about localised lockdowns that began in July and have extended into August in some states.
Most analysts expect growth in the sales of Nifty-50 companies to decelerate, albeit marginally, in the quarter ended December compared to the corresponding period of 2013-14, with metals and real estate companies pulling down earnings.
Textile and telecom shares have gained ahead of the Cabinet meet later today which is likely to announce new measures for both the sectors.
Metals bucked the trend and shone across the board.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
HLL insiders say Baillie is lucky as HLL, after four years of lacklustre growth, has started showing momentum and energy in its sales performance.
'The media today is completely free from the government-induced fear factor.' 'It is only scared of the public backlash and its TRP ratings,' say Sudhir Bisht.
The problem is with the broking model and what brokers are allowed to do, notes Debashis Basu.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
The ultimate guide to make 'customer loyalty' the game changer for your brand!
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Avoid fresh investments, as there might be more opportunities in the coming months, market experts tell Joydeep Ghosh
Positive cues from Asian peers also uplifted the sentiment.
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Bajaj Auto, said the company might re-enter the scooter market and if and when it does, the iconic Chetak might be revived.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
The Indian rupee also trimmed most of its early gains and was trading at Rs 61.28 compared to its Wednesday's close of Rs 61.31 to the US dollar.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The paper will invite comments on whether or not the royalty ceiling applicable till 2009 should be re-imposed.
Nirma has jumped into the ongoing cricket spectacle - IPL - as the principal sponsor for the Virat Kohli-led Royal Challengers Bangalore to raise awareness and recognition for the cement brands it acquired after its purchase of the erstwhile Lafarge India's assets in 2016
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