The Morgan Stanley Capital International (MSCI) India Index witnessed a sharp drop of over 9 per cent on Friday
UTI MF launches new fund; 360 ONE and Bajaj Finserv file papers
Recent rally, soft outlook for O2C business may pull stock down
However, the inflows were down by almost 80 per cent compared to the year-ago period
HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services
Besides, trends in global markets and the trading activity of foreign investors would also influence domestic equities
The MSCI India Index slumped about 9% mid-day local time even as the Nifty 50 Index, the benchmark gauge of the National Stock Exchange of India Ltd., was down about 1%
Margin gains going ahead is a key positive
The meltdown in IT stocks on Friday was triggered by the Infosys results and projections announced the previous day
Analysts see investors to be out on the tiles
The National Stock Exchange of India (NSE) on Friday cautioned investors against putting their money in any assured returns scheme offered by two individuals
The index measures strength in the Greenback against a basket of six major currencies
Overall market breadth was mixed, with 1,530 stocks advancing and 1,854 declining
Nearly 10 large brokers are yet to offer the relaunched Sensex and Bankex derivatives on their platforms, say they are working on back end
In the IPO, Utkarsh SFB raised Rs 500 crore by issuing new shares. The lender plans to use the proceeds for augmenting its tier-1 capital base to grow its business
Closing Bell on July 21, 2023: The benchmarks snapped their 6-day winning run. Among sectoral indices, the Nifty IT index shed 4 per cent, followed by the Nifty FMCG index (down 1 per cent)
The print sector has been on the uptrend over the past few months and this is likely to continue on the back of strong advertising revenues, driven by elections, government spending etc.
The S&P BSE Sensex crashed over 1,000 points to hit day's low of 66,534 levels, while Nifty50 crashed 279 points to day's low of 19,700 levels
The company said its board will meet on August 8, 2023 to consider sub-division/splitting its existing equity shares
ICICI Bank: Net profit is estimated to come in the range of Rs 8,654.9 crore to Rs 9,200 crore, down up to 5 per cent QoQ