Page 104 - Latest Updates on Stock Market
Wipro likely to lag peers with dismal 1.3% yearly revenue growth in Q2FY24
Wipro Q2 results preview: Revenue is pegged to rise 1.34 per cent YoY to Rs 22,842 crore. This will be nearly flat against the June quarter
 "Wipro likely to lag peers with dismal 1.3% yearly revenue growth in Q2FY24")
Shares of NSE valued at Rs 1,860 crore changed hands in September
Stock price largely unchanged over the past one year
 "Shares of NSE valued at Rs 1,860 crore changed hands in September")
Bofa Securities, Societe Generale offload Delta Corp shares worth Rs 56 cr
Following the sale, shares of Delta Corp tumbled 8.18 per cent to close at Rs 128.55 apiece on the NSE
 "Bofa Securities, Societe Generale offload Delta Corp shares worth Rs 56 cr")
Big Tech's profit to jump 34%, will prop up S&P 500 earnings: Analysts
After slashing thousands of jobs to cut costs, the biggest US technology and internet companies are pumping out profits similar to those generated two years ago
 "Big Tech's profit to jump 34%, will prop up S&P 500 earnings: Analysts")
GSFC hits record high, up 9% on heavy volumes and stable business outlook
The higher stock levels, coupled with likely momentum to be achieved in fresh production/imports, FY24 is likely to witness a situation of comfortable availabilities in the fertilizer sector
 "GSFC hits record high, up 9% on heavy volumes and stable business outlook")
Mark Mobius-backed MapMyIndia stock doubles as mapping services grow
Shares of MapmyIndia, formally known as CE Info Systems Ltd., have risen about 104 per cent from the end of March, adding around $675 million in market value
 "Mark Mobius-backed MapMyIndia stock doubles as mapping services grow")
Stocks to Watch today: Adani Group, DMart, HDFC Life, TaMo, Dalmia Bharat
Stocks to watch on Monday, October 16, 2023: Ceat, Cyient DLM, Federal Bank, Jio Financial and Yatra Online among 24 companies to announce results today.
 "Stocks to Watch today: Adani Group, DMart, HDFC Life, TaMo, Dalmia Bharat")
It's time for bottom-up stock picking, says Anand Rathi's Varun Saboo
"The Indian economy and the fundamentals of India Inc are standout, but valuations, on the whole, have become rich," Saboo says
 "It's time for bottom-up stock picking, says Anand Rathi's Varun Saboo")
Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%
Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent
 "Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%")
Stocks to Watch: Infosys, HCLTech, Maruti, IDBI Bank, Tata Motors, Religare
Stocks to watch on October 13, 2023: Infosys has lowered its FY24 constant currency revenue growth guidance for a second time to 1.0-2.5 per cent from 1-3.5 per cent earlier
 "Stocks to Watch: Infosys, HCLTech, Maruti, IDBI Bank, Tata Motors, Religare")
No fireworks from TCS Q2 nos, headcount dip keeps outlook bleak: Analysts
TCS Q2 results: There is limited visibility on demand recovery for the second half of FY24; Rs 17,000 crore buyback quantum is also below Street expectations, said analysts
 "No fireworks from TCS Q2 nos, headcount dip keeps outlook bleak: Analysts")
Sensex, Nifty snap 2-day winning run as IT stocks dip post weak Q2 of TCS
Closing Bell on Thursday, October 12, 2023:Infosys and Tech M were the worst hit on the 50-share index, dropping nearly 3 per cent each, followed by Apollo Hospitals, TCS, HCL Tech, LTIMindtree, Wipro
 "Sensex, Nifty snap 2-day winning run as IT stocks dip post weak Q2 of TCS")
Non-residents, foreign cos without PAN can open bank a/cs in IFSC-Gift City
Non-resident or foreign company opening a bank account at the International Financial Services Centres will have to file a declaration in Form 60 and should not have any tax liabilities in India
 "Non-residents, foreign cos without PAN can open bank a/cs in IFSC-Gift City")
Sebi resolves over 3,700 complaints through SCORES in September
As many as 17 complaints were pending for more than three months on SCORES as of September end, involving 12 entities such as Principal Mutual Fund and JM Financial Ltd
 "Sebi resolves over 3,700 complaints through SCORES in September")
After RBI bans Bob World, Bank of Baroda shares decline around 3%
On Tuesday, the Reserve Bank of India barred the Bank of Baroda from onboarding new customers on its mobile app 'Bob World' following material supervisory concerns
 "After RBI bans Bob World, Bank of Baroda shares decline around 3%")
Shreyas Shipping opens delisting bid at Rs 400 a share, to close on Oct 17
As part of the delisting process, the counter offer bidding period for public shareholders of Shreyas Shipping at Rs 400 per share will start from October 11 and close on October 17
 "Shreyas Shipping opens delisting bid at Rs 400 a share, to close on Oct 17")
Indian shares extend gains as US rate woes ease, TCS results eyed
The NSE Nifty 50 index settled 0.62% higher at 19,811.35, while the S&P BSE Sensex rose 0.60% to 66,473.05
 "Indian shares extend gains as US rate woes ease, TCS results eyed")
HCLTech Q2 preview: ASAP deal to aid revenue growth; guidance revision eyed
HCL Tech Q2FY24 results preview: HCL Tech may post a 7 per cent yearly profit growth to Rs 3,739 crore, as per an average of six brokerage estimates, while revenue is pegged to rise 8.8 per cent YoY
 "HCLTech Q2 preview: ASAP deal to aid revenue growth; guidance revision eyed")
Infosys Q2FY24 preview: Subdued earnings on cards despite mega deal wins
Infosys Q2FY24 results preview: Infosys' net profit may rise just 3.8 per cent on-year to Rs 6,252 crore, while revenue may see a 5 per cent uptick to Rs 38,437 crore
 "Infosys Q2FY24 preview: Subdued earnings on cards despite mega deal wins")
HR firm CIEL group to hit capital market with IPO by first half of 2024
The city-based company has 'rigorously' invested in optimizing the HR processes with digital intervention, said CIEL Group Executive Chairperson and Director K Pandiarajan on Tuesday
 "HR firm CIEL group to hit capital market with IPO by first half of 2024")