The move will have cascading effects for lot of related sectors
Half of the sharp rise in stocks in 2014 was driven by re-ratings - rise in price-to-earning ratios on hopes the new government would turn around the economy which will reflect in corporate earnings.
For the full 2016-17, Wipro's profit fell nearly 5 per cent to Rs 8,518 crore while total income grew 7.4 per cent to Rs 57,995 crore compared to the previous fiscal.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
A majority of economists predicted RBI Governor Raghuram Rajan would leave policy rates unchanged on Tuesday and expected a dovish commentary, as crude oil prices and inflation cool off.
'Kerala isn't as dependent on agriculture like Bihar or Odisha or even other southern states.' 'Economic losses would not be too intense, unlike other states.' 'The floods could, at best, impact India Inc's earnings for a quarter or two.'
The repo rate, at which RBI lends to the banking system, will be at 7.5%
Indian pharma firms under European drug regulator's scanner.
The S&P BSE Sensex has gained 149 points to open at 25,802.
The market breadth, indicating the overall health of the market turned negative from positive
Gold prices are set to drop further in the domestic market, owing to the rupee's appreciation.
The implementation of MCLR from April 1 has already led to a rate cut of 10 basis points on home loans by the country's largest bank, State Bank of India, and others.
Markets gained for the fifth straight session to end the customary 'Muhurat' trading session held to usher in the new year Samvat 2071 on a firm note post the slew of reforms announced by the government over the past few days.
Infosys has been making bets on automation and other high-margin services like artificial intelligence to regain some ground
Experts caution that the rally in these stocks may fizzle out soon, as the overall market sentiment still remains weak.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Market sentiment around the stock has continued to be positive on the back of improving outlook for the US economy and anticipated weakness in the rupee.
All shares held by SBI in the five associate banks will stand cancelled after merger.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
Bharti's operating margin for India wireless business grew 80 basis points sequentially to 34.9 per cent.
Bharti'suarterly revenue run rate continues to be hover around the $1.2 billion mar
Cipla, though late in changing its strategy for international markets, has in recent years taken an inorganic route for expansion.
Participants are eagerly waiting for the key macrodata -- IIP and CPI numbers due to be released later today.
Investors brace up ahead of the key macrodata- IIP and CPI numbers due to be unveiled tomorrow.
Shares in Sun Pharmaceutical Industries fell by more than 5 per cent after the company settled a patent suit with Pfizer Inc related to its acid-reflux drug for $550 million.
TCS, Infosys do well but Wipro & HCL disappoint analysts; however, outlook for FY17 bullish in general.
Gold monetisation scheme will help unlock value of gold.
Shares in Infosys Ltd rose as much 6.7 percent on Friday, after the company raised the lower-end of its fiscal 2014 dollar revenue growth guidance.
While global uncertainty has led to a rise in prices in 2016, there is still a lot of doubt regarding its future.
Do not decide your investments based on election results.
Consolidation is the prime mood of the Indian equity market at the moment.
According to fund managers, expectations of a 25-basis-point increase in the cash reserve ratio of banks have heightened in the wake of RBI's surprise twin moves to make short-term money dearer as part of its attempts to curb the rupee's volatility.
Ashok Leyland, ITD Cementation India have more than doubled.
Experts say lending rates won't come down significantly,as banks are grappling with NPAs
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
Experts feel oil prices will remain volatile with an upward bias.
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
The joint entity will have a market share of nine per cent in India. Analysts tracking the company said one of the key outcomes of the merger would be to create a single brand entity of Sun and the Ranbaxy brand would eventually dissolve.
Operating margins decline to 10.3% in March quarter on one-time payouts but may recover to 12% in FY2015.
Analysts said FIIs had created long positions worth Rs 9,700 crore (Rs 97 billion) in index futures till recently.
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