The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in global oil prices for further cues. "This week, the focus will shift to global cues, particularly the US markets," Santosh Meena, Head of Research, Swastika Investmart Ltd said.
The Institute of Chartered Accountants of India (ICAI) has held discussions with ministry of corporate affairs (MCA) secretary Manoj Govil on the 'Aggregation of CA Firms' and the roadmap to create big Indian firms, a press statement by ICAI said.
Sanjeev Nanda, convicted in the BMW hit-and-run case, on Friday got a reprieve from the Supreme Court which refused to enhance the quantum of punishment of two years already undergone by him and directed him to do community service for two years.
Anil Nanda, a former member of the governing body of Escorts Heart Institute, today moved an appeal before a division bench of the Delhi high court challenging the dismissal of his petition by the court last Thursday.
Sanjeev Nanda, an accused in the BMW hit and run case, who got his passport recently after a 18-month legal battle following an order of the CBI court is cooling his heels in CBI custody in an Income Tax case. The CBI court on Tuesday remanded him to the custody of the premier investigating agency till March 14 for alleged manipulation of evidence in the Income Tax case.
The Delhi High Court on Tuesday issued a notice to the city police on a petition filed by Sanjeev Nanda challenging a lower court's decision to sentence him to five years' imprisonment in the BMW hit-and-run case.
Haryana were tottering at 105 for six after conceding a first innings lead of 269 runs to Delhi.
Sunil Kulkarni, a Mumbai-based trader and an eyewitness to the incident in which Sanjeev is facing trial along with three others, also said that he had given a different version about a particular point under police pressure.
The Himachal Pradesh Bharatiya Janata Party Sunday filed a complaint against the Congress and the Hamirpur Youth Congress Club for allegedly portraying actor and BJP Lok Sabha candidate from Mandi, Kangana Ranaut, in a negative light by using pictures from her films.
Nanda will also continue as the chairman of Club Mahindra and Mahindra Consulting Engineers and take over from Anand Mahindra as the chairman of Mahindra Lifespaces, M&M said.
Run by a former cricketer and son of India's military heroes, Mike's Forest Retreat is an ode to all that we hold dear.
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.
Stars lit up the evening with their gorgeous avatars on Day 2 of Radhika Merchant and Anant Ambani's pre-wedding celebrations.
Veteran actress Waheeda Rehman remembers Nanda, her friend of 55 years who passed away on March 25.
The counsel for Sanjeev Nanda, convicted by a Delhi court in the 1999 BMW hit-and-run case, on Wednesday sought his release on probation, highlighting the good work done by him in Tihar jail by conducting English and computer classes for inmates.At the end of the arguments of sentence, the court put off the pronouncement of sentence till September 5.
The Supreme Court on Thursday directed the Central Bureau of Investigation to release within a week, the passport of arms dealer Suresh Nanda, allegedly involved in receiving a kickback in the Rs 1,150-crore Barak missile deal.
Film folk celebrated Christmas with a lot of enthusiasm and that certainly showed in the pictures they posted on social media.
'At this stage of his career, he can hardly afford to play second fiddle to another actor.'
Kulkarni also alleged that ACP Ranbeer Singh had beaten him mercilessly at Hauz Khas police station before the recording of his testimony in the court in 1999.
'I don't believe in discrimination between the son and daughter.'
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.
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8.
Anil has requested the ministry to take appropriate action in the matter in the interest of the public.
Siddharth dismissed Kohli to get his first Indian Premier League (IPL) wicket
Trading in stock markets this week will be majorly influenced by the upcoming quarterly earnings from IT majors TCS and Infosys, along with global trends, analysts said. Besides, global oil benchmark Brent crude, rupee-dollar trend and trading activity of foreign investors would also dictate the movement, they said. "On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year.
The US Fed interest rate decision, domestic inflation data and global trends would be key driving factors in dictating movement in the market this week, as the Lok Sabha elections outcome and the RBI policy decision are behind us, analysts said. The past week was a roller-coaster ride for investors as markets swung sharply in both directions before closing with strong gains.
Brokers believe that the higher charges may not completely deter investors from taking bets in F&O but could help cool down some activity, as the threshold to break even rises.
Domestic macroeconomic data announcements, global trends and trading activity of foreign investors would guide market sentiments this week, analysts said. After a record rally, markets may face volatile trends this week amid elevated valuations and investors would also keep a track of global oil benchmark Brent crude and rupee-dollar movement for further cues. "Potential volatility in the stock market is anticipated this week. Elevated valuations remain a concern, with investors now focusing on monsoon progress and its impact on the rural economy.
Tavish, author of the fantasy book Cren and the War of Seven Days, and Hemant, founder of the climate change awareness Web site CarbonNeutralVolunteers.org, were among the 12 national winners of the scholars program selected from 100 regional winners.
The three women, because of their names and position, would get the eyeballs anyway, but if they do not rise above the superficial, it would be a wasted opportunity to reach out to and inspire women in particular, observes Deepa Gahlot.
Shah Rukh Khan was among the guests too, but he preferred not to pose for pictures and instead, draped his car with a black cloth.
Sanjeev Nanda on Friday received a five-year jail term in the BMW hit-and-run case. Businessman Rajeev Gupta received a one-year jail term for destruction of evidence, while his two employees got six months jail term each.
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.
Senior BJP leader and Patnagarh MLA KV Singh Deo and debutant from Nimapara assembly segment Pravati Parida took oath as deputy chief ministers.
Two days before Sriram Raghavan's thriller Merry Christmas hits theatres, the makers held a screening for the film industry.
Special CBI Judge I K Kochar dismissed the bail applications saying the probe in the case was at a 'nascent stage' and their release on bail may hamper it adversely. According to the probe agency, Suresh Nanda, accused of receiving kickbacks in the tune of Rs 400 crore in certain defence deals, connived with his son and chartered accountant to influence Verma, the IRS officer who had once raided Nandas' premises to gather evidence on non-filing of IT returns.
"It is a recognition of your remarkable career in the business community in Mumbai and on the part you took in the establishment of the partnership between Mahindra and Renault," French Ambassador to India Jerome Bonnafont said in a letter informing Nanda of the award.
Trading in the equity market will largely depend on two major events this week - general elections result and the RBI interest rate decision - analysts said, adding that the benchmark indices may rally on Monday on exit polls' prediction of a massive win for the BJP-led NDA and strong GDP data. Exit polls on Saturday predicted that Prime Minister Narendra Modi will retain power for a third straight term, with the NDA expected to win a big majority in the polls. Counting of votes will take place on June 4.
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