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Tanmay Tiwary specialises in covering equity markets, focusing primarily on sectors like automobile, FMCG, and new-age/internet companies. With almost five years of experience under his belt, Tiwary has previously worked with HT TechCircle (then NewsCorp TechCircle), CNBC TV, and Republic TV. He has also worked with Forbes and Sportskeeda. He holds post-graduate degrees from the University of Leicester and the Indian Institute of Journalism and News Media, Bengaluru.
Tanmay Tiwary specialises in covering equity markets, focusing primarily on sectors like automobile, FMCG, and new-age/internet companies. With almost five years of experience under his belt, Tiwary has previously worked with HT TechCircle (then NewsCorp TechCircle), CNBC TV, and Republic TV. He has also worked with Forbes and Sportskeeda. He holds post-graduate degrees from the University of Leicester and the Indian Institute of Journalism and News Media, Bengaluru.
On Thursday, US markets closed in the red as robust economic data dashed hopes for Federal Reserve rate cuts
PGEL forecasts revenues of Rs 3,400 crore, a growth of 23.8 per cent over FY24 consolidated revenues, despite the transfer of the TV business to Goodworth Electronics
On the domestic front, investor attention is focused on forthcoming manufacturing data and the Q4 results of major players such as ITC, IndiGo, and Fortis Healthcare
The decline followed the company's announcement of its Q4 results, which fell short of market expectations. Paytm's loss widened to Rs 549.6 crore in Q4FY24
At 6:53 AM, GIFT Nifty futures were trading down 13 points at 22,644.50 against Nifty futures
The fall came after the company announced its Q4 results, which missed street expectations
Analysts are eyeing impressive figures, with the street anticipating earnings of $13.2 billion, translating to $5.62 per share, alongside projected revenue of $24.6 billion in the quarter
Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent
European markets closed on a negative note, with Germany's DAX falling 0.22 per cent and the UK's FTSE dropping 0.09 per cent
At 7:09 AM, GIFT Nifty futures indicated a modest uptick of 25 points, trading at 22,626 against Nifty futures
The surge in the metal index, analysts believe, is largely credited to Vedanta's robust Q4 performance and its first interim dividend declaration of Rs 11 for FY25
Despite tech shares propelling the Nasdaq Composite to record highs, most Asia-Pacific markets saw declines
In the domestic market, foreign institutional investors (FIIs) offloaded shares worth Rs 92.95 crore, on May 18. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 152.87 crore
Stocks to Watch on Saturday, May 18: Dr Reddy's Labs received a Form 483 with two observations from the United States Food and Drug Administration
Stocks to Watch on Saturday, May 18, 2024: Vodafone Idea is directing capital expenditure towards enhancing its 4G service coverage, aiming to expand its subscriber base
On a yearly basis, Crompton Greaves' profit soared 5.5 per cent to Rs 138.4 crore in the March quarter of FY24, from Rs 131 crore in the March quarter of FY23
Across Asia, trading sentiment dipped as retail sales data fell short of street expectations, with a modest 2.3 per cent increase in April compared to the previous year
At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges
Dixon Technologies' Q4 profit surged 24.7 per cent to Rs 98.5 crore
At 7:10 AM, Korea's Kospi led the gains with a 1.19 per cent increase, while Hong Kong's Hang Seng was up by 0.99 per cent. Japan's Nikkei also saw a rise of 0.53 per cent