TCS has done better than Infosys in sequential and yearly revenue growth so far this financial year.
Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
The BSE Midcap and Smallcap indices underperformed the largecaps and ended over 1% lower.
The Hinduja Group, Mukesh Ambani, Murugappa, and the Adani groups were the other gainers in the Modi regime, while Naveen Jindal and Sun Pharma groups saw the most erosion in their m-cap in the last five years, reports Krishna Kant.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The BSE benchmark index is yet to give any indication on the monthly Fibonacci charts.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
Large and small businesses alike have delivered low-key performances.
Foreign institutional investors were net buyers in Indian equities worth Rs 277.92 crore on Tuesday
Cross previous high of $72 billion in 2007 as Indian promoters overcome the selling taboo. Abhineet Kumar reports from Mumbai.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Both the indices ended at their highest levels since February 1.
In Friday's market rally post the corporate tax cut, the country's top business promoters recouped more than two-thirds of the losses that they suffered in the post-Budget sell-off in equity markets.
IT majors weakened ahead of the September US jobs data and telecom stocks ended lower
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
Both benchmark indices were driven by strong gains in IT, teck, oil and gas, pharma and banking shares amid earnings optimism.
Corporate revenues will decline for a third consecutive quarter in March on a YoY basis - one of the worst shows by these companies in many years.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The index had risen over 585 points in the previous three sessions.
Metal shares were the top gainers with Hindalco up over 5%.
Movement of rupee and crude oil prices will also dictate the trend
Profit-booking and selling pressure on below-normal monsoon forecast, marred sentiments, traders said.
Premiumisation, improving demand aid realisation growth at most large firms
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
FPIs sold shares worth a net Rs 1236.95 crore on Friday.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
The rise in India Inc's market value was led by asset-light firms.
Top corporates have paid more advance tax in second quarter this year.
Benchmark indices plunge 4.7% in the first full week of 2016.
The S&P BSE Sensex ended up 28 points at 25,844 and the Nifty50 ended flat at 7,915.
Richest 10 account for 41% of promoter wealth, up from 33% in December 2018, says Krishna Kant.
Monsoon is expected to be normal in June.
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
In the broader markets, BSE Midcap index slipped 0.3% whereas the BSE Smallcap index inched up by 0.2%
Index heavyweight RIL surged 3% to end above Rs 1,000 mark while IT majors were also the top gainers.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
For the AI bid, Interups has joined hands with a few employees of the airline, and plans to raise funds by splitting some of its infrastructure-related assets into an aviation InvIT, which will have underlying assets such as air routes, ground handling, repairs, and training etc.
In spite of the high number of exits, Reliance group firms of both brothers continue to be darlings of small investors
The restraint on part of investors was chiefly because of RBI's minutes of its December policy meeting, which showed that some members were concerned about rising oil prices, its inflationary impact and possibility of fiscal slippage.
