Stock markets will be driven by domestic inflation data, ongoing quarterly earnings from corporates and global trends this week, analysts said. News flows around the general election would also be tracked by investors, market experts said.
Among the 30 Sensex firms, HCL Technologies, NTPC, Bajaj Finserv, Tech Mahindra, JSW Steel, Titan, Mahindra & Mahindra, Tata Steel, Larsen & Toubro and Tata Consultancy Services were the biggest gainers. Kotak Mahindra Bank, IndusInd Bank, Maruti and Hindustan Unilever were among the laggards.
The last time this happened was in 1996.
Among Sensex shares, Hindustan Unilever, Bharti Airtel, Tech Mahindra, Infosys, Mahindra & Mahindra, ICICI Bank, ITC and Asian Paints were the biggest winners. On the other hand, Kotak Mahindra Bank, Reliance Industries, NTPC, UltraTech Cement and Power Grid were among the laggards.
It has been alleged that IOA treasurer Sahdev Yadav and some other officials are continuing in office in violation of the age and tenure cap set by the National Sports Code.
Davis Cup heavyweights Australia and the United States eased through the first qualifying round on Saturday but Britain were knocked out as Japan hit back from 2-1 down to win 3-2, while Denmark staged a dramatic comeback to overcome Serbia.
The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world, but the RBI will take a decision on interest rate cut keeping the Indian economy in mind. "It is a positive for the global economy, including the Indian economy. "It is a 50 basis points cut from a high level.
The last batch of quarterly earnings, global trends and trading activity of foreign investors will guide the equity market movement in a holiday-shortened week ahead, analysts said. Volatility may continue amid investors' cautious approach in the election season. Markets will remain closed on Monday due to the fifth phase of the Lok Sabha elections in Mumbai.
Equity markets will take cues from global trends and trading activity of foreign investors, while in the latter part of the week the first quarter earnings from IT majors TCS and HCL Technologies would guide investor sentiments, analysts said. Markets may consolidate after the record rally last week, experts added. "On the domestic front, the Q1 earnings season begins this week. Key companies such as TCS and HCL Technologies will release their earnings on July 11 and 12, 2024, respectively.
The BAFTAs were held at London's Royal Festival Hall on February 16.
IOA treasurer Sahdev Yadav on Tuesday hit back at president P T Usha for claiming that IOA Executive Committee members were not agreeing on a proposal to felicitate Paris Olympics medal-winners
The Supreme Court on Wednesday refused to entertain a petition seeking a direction to the Centre to take steps to curb fraudulent religious conversions in the country.
Indian Olympic Association (IOA) President PT Usha on Monday said it is "deeply concerning" that the Executive Committee members failed to honour Olympic medallists and accused the Finance Committee of blocking funds intended to support Indian athletes' preparation for the Paris Games.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
Sarvanan was ranked fifth in the seventh race to go down to second spot with five more races lined up in the Olympic Qualifying Event.
Indian Olympic Association President PT Usha had another heated confrontation with the body's Executive Council on Thursday after a majority of its members reiterated their opposition to Raghuram Iyer's appointment as CEO but the embattled track-and-field great refused to back down and rejected their demand for his removal.
The Reserve Bank of India's interest rate decision, macroeconomic data and global trends will drive investors' sentiment this week, with markets hoping to continue the positive momentum after ending FY24 on a buoyant note, analysts said. In addition, the trading activity of foreign investors, the rupee-dollar trend and the movement of global oil benchmark Brent crude would also influence trading in equity markets. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in the 2023-24.
New investors should gradually build a 5 to 10 per cent allocation to gold.
IOA president P T Usha on Sunday slammed the revolting executive council members, saying they 'seem more focused on self-serving power play and monetary gain'
Trading in the domestic stock market would be influenced by trends in the global equities, macroeconomic data and foreign fund movement in a holiday-shortened week, analysts said. Markets may face volatile trends on Monday after Federal Reserve Chair Jerome Powell's speech at the Fed's annual economic symposium in Jackson Hole on Friday.
Bowlers with 'X-factor' will hold key in T20 World Cup, says Darren Sammy
A third-minute goal from Christian Pulisic set the United States on their way to a 2-0 victory over Bolivia in their Group C opener at the Copa America on Sunday.
In the backdrop of an over four-decade high inflation, the US Federal Open Market Committee has raised its key policy interest rate by 75 basis points to 2.25-2.50 per cent, anticipating that the increase in the interest rates will be "appropriate". Hiking interest rates typically cool demand in the economy, thereby putting a brake on the inflation rate. The US Federal Reserve in its June meeting too raised the interest rate by 75 basis points, which was the steepest hike since 1994.
Observing that there was circumstantial evidence against naval officer Emile Jerome, convicted in the Neeraj Grover murder case, the Bombay high court on Wednesday said it was not inclined to grant him bail
Following is the schedule of Indian contingent on Day 7 of the Asian Games:
David Brown, the world's fastest totally blind sprinter, has been accompanied every step of the way by his guide Jerome Avery but the coronavirus outbreak has forced them apart for the first time in six years of training and racing together. Many runners can continue training more or less as usual in this time of social and physical distancing but it is not so easy for those without sight, who run in tandem with their guide, their adjoining hands tethered by a 30cm (12 inch) band.
The ongoing second quarter earnings, movement of oil benchmark Brent crude and the uncertainty in the Middle East would dictate terms in the domestic markets this week, analysts said. Furthermore, the activities of Foreign Institutional Investors (FIIs) will also influence trading in the markets. "A slew of earnings reports from heavyweights expected this week will significantly impact market direction.
With the first quarter earnings season coming to an end, the domestic equity markets would be driven by global trends and trading activity of foreign investors this week, analysts said. The movement of global oil benchmark Brent crude and the rupee against the dollar would also drive trends in the market. "Macroeconomic indicators, trends in global stock markets and FII activities will be pivotal in shaping market trends in the coming days," Pravesh Gour, senior technical analyst at Swastika Investmart Ltd, said.
Tata Motors was the biggest loser in the Sensex pack, skidding 1.77 per cent, followed by SBI, Power Grid, Tata Steel, Infosys, UltraTech Cement, Titan, Larsen & Toubro, Reliance Industries and Maruti. On the other hand, IndusInd Bank, Bharti Airtel, Asian Paints, NTPC, HCL Technologies, HDFC and Sun Pharma were the gainers.
Images from the athletics action at Stade de France, Saint-Denis, Paris, on Friday.
Benchmark indices rallied for the eighth day running on Thursday, ending at fresh record closing highs, amid firm global market trends and continuous foreign fund inflows. Buying in IT counters also added to the momentum.
The Bombay high court on Wednesday admitted an appeal filed by the Maharashtra government seeking enhancement of punishment awarded to Kannada actress Maria Susairaj and her naval officer fiance Emile Jerome for the murder of television executive Neeraj Grover.
World soccer body FIFA's ethics committee said on Thursday it opened formal proceedings against Secretary General Jerome Valcke, after its investigators recommended a nine-year ban against him.
A Mumbai sessions court on Friday sentenced a 10 year jail term for former naval officer Emile Jerome Mathew in the May 2008 murder case of television executive Neeraj Grover.
Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
The Indian squash contingent began its Asian Games campaign with comfortable victories over Singapore and Pakistan.
India's schedule at the Asian Games in Hangzhou, on Tuesday, September 26.
Hero MotoCorp was the top gainer in the Sensex pack, spurting 4.46 per cent. IndusInd Bank, Tata Motors, Vedanta, SBI, M&M, Sun Pharma, Tata Steel, HDFC and HDFC Bank too rose up to 3.63 per cent.
Neuer, David Alaba, Jerome Boateng and Thomas Muller were a part of the Bayern Munich squad that won the Champions League in 2013, defeating Borrusia Dortmund in the final.
FIFA Secretary General Jerome Valcke Valcke on Wednesday dismissed allegations of wrongdoing over $10 million in bank transactions that are under investigation by U.S. authorities.
