'For those in for the long haul, this is a God-given opportunity.' 'Your market is falling despite strong fundamentals, and such a clear roadmap has been announced.'
The net profit of the listed Adani group companies more than doubled year-on-year (Y-o-Y) in the first half of 2023-24 (H1FY24), even as their revenue declined in this period. The nine firms posted a 107.7 per cent jump in net profit at Rs 23,929 crore in April-September compared to the year-ago period. Net sales, on the other hand, were down 14 per cent to Rs 1.49 trillion in H1FY24, data collated by Business Standard showed.
Tata Motors surpassed Maruti Suzuki (India) (MSIL) to become the most-valuable automobile company, in terms of market capitalisation (mcap), after a gap of seven years. With this, the company's stock hit a new high on the BSE on Tuesday (January 30). The combined mcap of Tata Motors (Rs 285.51 crore) and Tata Motors DVR (Rs 29,119 crore) stood at Rs 3.146 trillion.
India Inc has an impressive report card to show for the first quarter of this financial year.
Sensex ends belowe 26,800 on domestic concerns.
Pressure on the government increased with the Reserve Bank of India's surprise move on Thursday to cut interest rates
'The market position from here on is expected to go up'.
The 30-share Sensex ended down 604 points at 28,845 and the 50-share Nifty ended down 181 points at 8,757. The Bank Nifty ended down 602 points at 19,146.
Telecom shares rallied on hopes that they would hike tariffs after huge investments to acquire spectrum.
Kotak Mahindra Bank and Vedanta were the top Nifty gainers.
The total value of holdings of domestic institutional investors as a percentage of the value of FII holdings has reached its highest level in four years.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
India has more service companies, such as IT and healthcaresectors, which always trade at a premium to the overall market.
GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
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