Tata Starbucks had hiked the base price of one its coffee variant after the GST Council cut tax rates on restaurants from 18 per cent to 5 per cent with effect from November 15, 2017.
Wipro rose the most, up 3.12 per cent, ahead of its board meeting to discuss buyback of shares.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
After last year's lull, number of offers jump by 15%.
The plan is to start with 20-25 per cent capacity by early next month as part of Unlock 5.0, before moving to 50 and then 100 per cent.
PepsiCo has tie-ups with KFC, Pizza Hut, Domino's, Burger King, and Subway in India, while Coca-Cola has a partnership with McDonald's only
The FPI holding in India's top 100 companies, which are part of the Nifty 100 index, declined to 24.23 per cent on average at the end of March this year, from a high of 27.5 per cent at the end of March 2021. This is the lowest FPI holdings in India's top listed companies in at least three years. A general sell-off by FPIs has weighed on stock prices and the benchmark S&P BSE Sensex is down 8.5 per cent, from its 52-week high made in October 2021. Most analysts expect FPI flows to remain weak in FY23 as well, given rising bond yields in the US and an expected earnings slowdown in India due to high inflation and commodity prices.
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
"The shift is gradually happening more on account of favourable risk-reward for stocks in these sectors and the shift would be more pronounced as investors roll over their targets to 2017," the head of research at a foreign brokerage said.
Experts say a turnaround may happen after the general elections.
S&P BSE Sensex settled at 31,170, up 60 points, while the broader Nifty50 closed at record high for third straight session. It ended at 9,624, up 19 points.
'Unless India Inc's earnings offer promise in March 2017 quarter, sentiment may not reverse in a hurry.'
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Declining interest rates, a near-normal monsoon leading to higher rural incomes and pay hikes for central government employees are key triggers, says Dev Chatterjee.
Investors have turned cautious ahead of the policy meetings of central banks in Japan and the US
Softening rural consumption and the likelihood of weak corporate earnings in the March quarter saw investors dump stocks.
Excise duty hike for cigarettes could be lower.
With two top exits and uncertainty on growth strategy, Jubilant is likely to remain under pressure
Given the school break, this is the peak travel season and companies catering to the 'friends and family' segment are expected to gain.
The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.
Yum reduced the number of restaurants in India by 14 in the September quarter from the preceding quarter to 811.
In the broader markets, the BSE Midcap and Smallcap indices extended gains and were up over 1% each
Benchmark indices finished higher on hopes of economic reforms
It is advisable to stick to mid-caps with sustainable financial metrics rather than those offering the promise of faster growth.
FSSAI to remove potassium bromate from food additives list
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
After 11 years at the helm of Jubilant, Ajay Kaul, the 'nuts and bolts' executive, called it a day amid speculation that his expansionist strategy was not clicking, says Viveat Susan Pinto.
Investors accumulated quality stocks at valuable and attractive levels.
Auto stocks Hero MotoCorp and Mahindra & Mahindra gained 1-2 per cent on the back of strong sales in the month of September.
McDonald's problems couldn't have surfaced at a worse time. Cut-throat competition, rapid expansion and a slowdown in consumer spending in the wake of demonetisation have seriously dented the overall quick-service restaurant business.
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