Going forward, the ability of developers to show growth on a high base of FY22 sales, and management of a weak macroeconomic environment along with rising interest rates would be the key monitorables
Given the multiple headwinds, BofA Securities expects markets to be sideways the near-term given inflation impacting volume growth and margins across several sectors
Ocean Sparkle is a leading player in towage, pilotage, and dredging with an asset base of 94 own vessels and 13 third-party-owned vessels
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
ICICI Bank Q4 preview: The net interest income is expected to grow in the range of 17 per cent to 24 per cent over previous year, up to Rs 12,890 crore
NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts
The company will mull fund raise, which may include issuance of equity shares or any other securities of the company, through preferential issue on a private placement basis.
In the last six months, the S&P BSE Sensex and the Nifty have slumped around 7 per cent each as foreign investors dumped Indian stocks across the board
Adani Power's market cap was at Rs 99,972 crore as of 10:19 am on Friday, the BSE data shows
HCL Tech has guided for revenue growth of 12-14 per cent CC in FY23 on the back of continued traction in the services business, healthy deal intake and deal pipeline.
The company reported a consolidated net loss of Rs 14 crore in March quarter on higher raw material cost.
Stocks to watch today: Retail investors' shareholding in Paytm doubled in the March quarter to 7.72 per cent
The derivative analyst from HDFC Securities recommends buying Bandhan Bank April 360 Call and simultaneously selling 360 Call.
According to the technical analyst from Anand Rathi, Suntech Realty is on the verge of breakout; whereas, Tata Power is testing its key support.
BA.2.12.1 is a variant of the virus's Omicron strain and was found in 60% of total samples tested in Delhi
CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion
Earlier this month, International Holding Co had agreed to invest $2 billion in three Adani Group companies including Adani Enterprises through the preferential allotment route
According to the BSE data, RIL m-cap stood at Rs 18.84 trillion at 01:16 PM, just a per cent away to claim the Rs 19 trillion feat.
Ambuja Cement is exhibits a positive bias, and is likely to further gains on follow-up buying; whereas other cement stocks need to overcome major hurdles.
At 09:15 AM; around 5.42 million equity shares, representing 3.3 per cent of total equity of Gland Pharma, changed hands on the BSE
Nestle Q1 result: The management remains cautious of continued inflation as it shadows short-to-medium term growth outlook.
In the past one month, the stock has outperformed the market by surging nearly 30 per cent as compared to 1 per cent decline in the S&P BSE Sensex.
Analysts expect strong volume outlook on the back of a robust order book in autos and new product launches across segments.
Operating revenue grew a strong 16 per cent QoQ and 77 per cent YoY to Rs 410 crore, driven by a healthy performance across Broking and interest income
India has so far administered 1,867,215,865 vaccine doses. That is 4337.32 per cent of its total caseload, and 133.12 per cent of its population
Stocks to Watch Today: Tata Steel will stop doing business with Russia, the Indian steel major said on Wednesday
RIL traded 3.5 per cent higher at Rs 2,730 fairly close to its record high of Rs 2,750 touched on October 19, 2021.
It is the latest global company to cut ties with the country for invading Ukraine.
Live news updates: Sarmat missile will 'provide food for thought' to Russia's enemies, says president.
CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers
The board approved fund raise of Rs 402 crore through preferential issue of equity shares and convertible warrants to promoter and non-promoters.
Brokerages expect the firm's earnings before interest and tax (EBIT) margins to have fallen sequentially by up to 90 basis points on supply side pressures and subdued P&P performance.
In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix
The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.
The stock hit over three-year high of Rs 65.45, after rallying 13% on the BSE in Wednesday's trade, on the back of heavy volumes.
The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.
Amid the spiraling power generation, CIL raised its supplies to thermal power stations by 14.2 per cent during the first half of April'22 compared to same period last April.
Stocks to watch today: Shares of brokerage firms Angel One and ICICI Securities are also likely to be in focus ahead of the corporate earnings on Wednesday.
The technical analyst from HDFC Securities has buy call on ICICI Prudential Gold ETF and sell call on Mothersonsumi.
India recorded 1,247 new Covid infections on Monday; number of active cases rose to 11,860
CLOSING BELL: Reliance Industries (RIL; up 3.5 per cent) was the top gainer on the 30-pack index. he draggers on the index were HDFC (down 6 per cent), HDFC Bank (down 4.2 per cent)
HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.
Shares of Reliance Industries (RIL) was close to its record high level of Rs 2,750 touched on October 19, 2021.
The Company has fixed Friday, April 22, 2022 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares
Sunflag Iron and Steel soared 18 per cent to hit a record high of Rs 118.90 on the BSE in Tuesday's intra-day trade, extending previous two-week rally on the back of heavy volumes.
Shares of Paytm are expected to jump up to 20 per cent after overcoming the resistance at the 50-DMA.
iPhone SE 2022 is strictly for people with a liking for compact form factor. A silver lining is performance and an unsaid promise that the phone will hold its relevance in foreseeable future
The promoter today launched an offer for sale to offload up to a 14.4 per cent stake in the company and fixed offer price at Rs 800 per share.
The board of directors of the bank shall meet early next week to consider the proposal for issuance of bonus shares.
With favourable mix of ethanol towards B-heavy/juice (feedstock) coupled with higher sugar realisations; operating margins are expected at 12.7%-13.7% in FY22-FY23 (slightly higher than FY21 levels).