Quarterly earnings and global cues will be the major sentiment driver for the equity market this week, according to analysts. Of late, Benchmark indices have been on a record-breaking run. "Quarterly results will dictate market sentiment and will be the talk of this week as they pick up the pace. "D-Street will be all ears to any management insights to forecast the future earnings trajectory.
Shares of One97 Communications Ltd, Paytm's parent company, on Thursday made a tepid market debut, listing with a discount of over 9 per cent from the issue price of Rs 2,150.
Stock markets will focus on global trends for further direction in this holiday-shortened week as the earnings season is largely over, analysts said. Trade experts expect the key benchmark indices to move sideways as investors are trying to decode the impact of rising inflation on foreign portfolio investments. Inflation data released by the US and China last week have fanned fears of earlier than expected rate hike and boosted US bond yields.
'Bommai was a minister in my cabinet. It is not ethically correct.'
The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, analysts said. The trading sentiment will be guided mostly by global trends in absence of major domestic events, they said. Markets would remain closed on Friday for 'Ganesh Chaturthi'.
HR Guru Mayank Rautela offers practical advice.
Global trends, the last batch of Q2 earnings and domestic macroeconomic data will dictate terms in the equity market, which had an extended weekend last week, analysts said. "FIIs' behaviour along with inflation numbers from US and China will remain key factors for this week. After an extended weekend, Indian markets are likely to start a fresh week with a positive note on the global backdrop. "However, there is a risk of selling pressure at higher levels as we are underperforming the global peers where the near-term texture has changed to 'sell on rise' from 'buy on dip'," Santosh Meena, head (research) at Swastika Investmart Ltd, said.
'Very soon you will hear the news of two more MLAs from Uddhavji's side joining our camp.' 'And once the Supreme Court verdict comes out, there will be a waterfall.'
At least 38 PLA troops drowned while crossing a fast-flowing, sub-zero river in darkness, according to an article in the Australian newspaper The Klaxon which cited a report prepared by a group of social media researchers after a year-long investigation.
Anxious to return home after the spate of killings targeting minorities, non-locals and other civilians in the Valley, about 50 migrant labourers, many of them from Bihar, arrived at the Nowgam railway station late on Monday night from nearby Budgam district where they worked in brick kilns.
'This shows how casually these officials approached a dispute simmering for years which finally erupted into violence.'
'We know how to deal with the BJP if push comes to shove.'
Defying the COVID-19 social distancing norms, huge crowds gathered to pay respects to the soldiers amid emotional moments.
Equity benchmark Sensex ended marginally higher after a choppy session on Friday as concerns over the economic impact of the second wave of Covid-19 and pace of vaccination weighed on investor sentiment.
Investors' wealth eroded by a massive Rs 8,21,666.77 crore on Monday as the market saw a massive sell-off not seen in many months. The BSE benchmark Sensex plunged 1,170.12 points or 1.96 per cent to close at 58,465.89. This is the worst single-day drop for the gauge in over seven months. This was also the fourth straight session of decline for the Sensex.
Meanwhile in the women's event, Padmini Rout and R Vaishali joined compatriot Bhakti Kulkarni in the second round.
The 39-year-old was arrested by the Enforcement Directorate from Ranchi after the agency conducted multi-city raids against him, Singhal, her businessman husband Abhishek Jha and others, on May 6.
Mansukh Hiran was subsequently killed as Waze thought him to be the 'weak link' in the conspiracy, the NIA stated.
The ceasefire, which followed mounting pressure from the United States, Egypt and other international brokers to halt the violence, came into effect on Friday.
India's limited overs cricket captain Mahendra Singh Dhoni is known for his huge sixes and his innovative 'helicopter shot'. In the recently released biopic 'MS Dhoni: The Untold Story', it has been revealed that Dhoni is not the original inventor of this famous shot. It was Dhoni's childhood friend Santosh Lal, who is said to have helped Dhoni master the unusual shot.
Indian athletes' performance on Day 9 of the Commonwealth Games.
The ruling Bharatiya Janata Party is headed for a big win in the Uttar Pradesh legislative council polls, bagging Barabanki and Ayodhya and leading in several other places. But it lost Varanasi to an Independent candidate.
The Fed interest rate decision, domestic macroeconomic data announcements and quarterly earnings will be the major sentiment drivers for the equity market in a holiday-shortened week ahead, analysts said. Investors will also take cues from the monthly auto sales numbers to be announced on Monday. Equity markets will remain closed on Thursday for Diwali Laxmi Pujan and on Friday for Diwali Balipratipada.
Though largely seen as an official visit, with less than a year for elections, Shah during this trip is likely to meet senior party leaders including Chief Minister Basavaraj Bommai, veteran leader B S Yediyurappa among others
Three MLAs abstained, while 20 legislators, most of them from Congress and the NCP, including Congress's Ashok Chavan and Vijay Wadettiwar, both former ministers, were absent during the trust vote.
Adhiban will face the winner of the match between Vidit Santosh Gujrathi and Alexander Fier, who play the tiebreak on Saturday.
Labour Minister Santosh Gangwar said, the purpose of labour reforms is to provide a transparent system to suit the changed business environment.