From the Sensex pack, Reliance Industries fell the most by 2 per cent. Tata Steel, Bajaj Finserv, ITC, NTPC, Bharti Airtel, Tech Mahindra, Titan, Axis Bank and Bajaj Finance were among the other major laggards.
The brand image, however, may not tarish further as it will have already taken the beating due to consistent injury
Stock markets this week would take cues from global trends, the announcement of domestic macroeconomic data such as GDP numbers and foreign fund movement, analysts said. Besides, monthly auto sales and Purchasing Managers' Index (PMI) data for manufacturing and services sectors would also influence trading in the market, they added. Benchmark BSE Sensex tumbled 1,538.64 points or 2.52 per cent last week amid concerns that the US Federal Reserve might raise interest rates further to curb inflation.
Back home, the Nifty IT index - a gauge of the performance of the IT stocks on the National Stock Exchange (NSE) that has closely mirrored the performance of NASDAQ over the past few years - has lost nearly 2 per cent in CY23.
Akash Madhwal bowled a dream spell as his five-wicket haul took five-time champions Mumbai Indians one step closer to summit clash after thrashing Lucknow Super Giants by 81 runs in IPL Eliminator match.
Gavaskar said it is difficult to find faults in a batter who has been dismissed off the first ball thrice
Assassin's Spaghetti, or in Italian Spaghetti All' Assassina, gets its name not from the murder you commit on the pasta -- because you actually kill off the spaghetti by burning it crisp -- but from the levels of red chilly that will do in the eater.
Benchmark indices faced severe drubbing on Friday, with the Sensex and Nifty falling nearly 2 per cent each amid feeble global market trends. Foreign fund outflows and fears of recession in the global economy have dented investor sentiments. Falling for the third day in a row, the 30-share BSE Sensex tanked 1,093.22 points or 1.82 per cent to settle at 58,840.79.
This is the third such incident involving this semi-high speed train so far this month.
There has not been a large impact of untimely rain and hailstorm so far in several major wheat-growing areas, and those might have damaged around 3 per cent of the standing crop -- not enough to make a big dent in the expected 112 million tonnes of production in FY24, a senior government official said on Tuesday. Relentless rain pounded most North Indian states all through March. Separately, the chairman of Food Corporation of India (FCI), Ashok K Meena, told reporters the agency was on track to achieve the targeted 34 million tonnes of procurement in FY24 on the back of a strong start to the purchase season from Madhya Pradesh.
In UP and Bengal, it is willing to sacrifice its interests to stop the BJP and would work towards ensuring the BJP did not win incremental seats in Odisha and Telangana.
A lesson we have not learnt from China is the urgent need to knit the vast country together to keep it from falling apart at the seams. While there is considerable dent in poverty, sadly, the North East remains as distant today as it always was, points out Shreekant Sambrani.
The Swabhimani Shetkari Sanghatana has joined the saffron alliance in Maharashtra. Will the votes it brings to the table loosen the political hold of the entrenched Maratha-dominated sugar barons of the NCP-Congress in western Maharashtra?
If Rashid doesn't come good with the ball, he is certain to shine in the field or with the bat. His value and legend grew more on Sunday with an effort that changed the game's route.
A pick of just 10 watchable (a couple of them admittedly in the so-bad-it's-fun category) foreign films starring Bollywood stars in significant roles are available to watch on streaming platforms.
Liverpool were on the end of the biggest sensation of the English Premier League season when bottom club Swansea City repelled a dramatic comeback from Juergen Klopp's title chasers to earn their first-ever league win at Anfield.
While experts pointed out the impact of corporation tax cuts cannot yet figure in collections as most companies are yet to decide on their choice, government officials said a part reason for slow collection is the tax cut.
by relentlessly campaigning to highlight the indifference of the Centre to safeguard the interests of Odisha in these inter-state disputes, the BJD is seeking to pin down the BJP.
Seven consecutive sessions of decline in the equity market has eroded the wealth of investors by a whopping Rs 10.42 lakh crore and the benchmark Sensex has tumbled more than 2,000 points during this period. Concerns over more rate hikes by developed economies, weak global equity markets and fresh foreign fund outflows from the domestic market have dented investor sentiments. On Monday, the BSE Sensex dropped 175.58 points or 0.30 per cent to end at 59,288.35 points, marking a decline for seven straight trading sessions.
UP now has 16 ministers, the maximum from any state, in an apparent bid to keep the Dalit and other backward class votebank content.
Logistic players have seen a sharp correction at the bourses over the past six months as intense competition from new-age-tech startups, higher freight rates, and weak macros dented listed players' growth outlook. Analysts warn that the emergence of tech-based startups could weigh on organised players' profit-pool, and can potentially erode their market share. Thus, a stock-specific strategy would be prudent at this juncture with focus on companies that are rapidly innovating and investing in technology.
The top court said there are serious lapses in the enforcement of the 2013 Prevention of Sexual Harassment Act.
Barcelona have reached the semis only once since winning the Champions League in 2014-15.
In January, Nitish Kumar assured the Rajputs that he has been making efforts to release Anand Mohan from jail.
According to insiders, "talks are on" between the Shiv Sena-Uddhav Balasaheb Thackeray and the Maharashtra Navnirman Sena at "an exploratory level".
As the tussle for control of the Nationalist Congress Party hotted up after its vertical split, Sharad Pawar on Thursday declared he was the president of the party and hit back at nephew and Deputy Chief Minister Ajit Pawar's retirement jibe, saying he will work more effectively "whether 82 or 92."
HDFC Bank Q4 review: HDFC Bank's January-March quarter (Q4) results, for financial year 2022-23 (FY23), brought no cheer to investors as elevated costs, and merger-related uncertainties continue to dent the sentiment. Moreover, analysts fear that merger-related costs may put pressure on margins and cost to income ratio in the near-term, while the return on equity could moderate owing to low leverage of the parent. Analysts, therefore, opine that the stock's re-rating may be some time away. "While the risk of a de-rating on a standalone basis appears to be quite low given that the business performance is holding up well, we believe a re-rating in the stock would happen as and when more clarity emerges on the smooth transition (merger)," said a report by Sharekhan.
Pacer Matheesha Pathirana starred with the ball as Chennai Super Kings eased to an emphatic six-wicket victory against Mumbai Indians.
Marking a vertical split in the Nationalist Congress Party, its senior leader Ajit Pawar joined the Eknath Shinde-led Maharashtra government as deputy chief minister on Sunday.
The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.
'Hindus have never been polarised across Maharashtra in any state election.'
'This is a politically motivated decision.' 'Nitish Kumar is desperate to win as many parliamentary seats as possible.'
Yashasvi Jaiswal once again displayed his talent as he conjured up a brilliant half-century before Rajasthan Royals spinners choked Chennai Super Kings to register a comfortable 32-run win .
Heightened volatility and lacklustre returns continue to make a dent in retail participation in the equities cash market segment. The percentage of retail participation in the average daily turnover in the National Stock Exchange's (NSE's) cash segment has come down to 40.8 per cent in February 2023, from 52 per cent a year ago. At the peak, retail investors accounted for nearly two-thirds of cash market volumes in July 2020.
The legendary Ian Chappell feels Australia's capitulation in the first Test against India has exposed their frailties against spin.
ICICI's board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank's credit standards and was extended as part of a consortium involving over 20 banks.
Arsenal goalkeeper Petr Cech will be out for three to four weeks with the calf injury he picked up in Wednesday's Premier League defeat by Swansea City, manager Arsene Wenger has said.
Stakes are high for the Bharatiya Janata Party ahead of the counting of votes on Thursday for three state assembly polls, as the results will signal if it has deepened its roots in Tripura, a Left bastion captured by the party in 2018, and made further inroads in Meghalaya and Nagaland, or if the opposition has managed to dent its influence.
Facebook is fast learning the limits of tech exceptionalism.
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