Page 1270 - Markets News

Q1 results impact: TCS up 2%, HCL Tech slips; Brokerages remain optimistic

TCS's management maintained that near term demand challenges remain and refrained from giving recovery timelines, implying a slow and gradual recovery ahead.

Higher inflation, oil price to keep RBI on hold; cap market gains: Analysts

Another worry for the RBI and the markets are the monsoons back home (intensity and spatial distribution)

$590 bn rally since March faces earning reports, retail pull back tests

Key gauges in India hit records in July on bets that Asia's third-biggest economy will stage a strong recovery even with elevated policy rates

Stocks to Watch today, July 13: Delta Corp, HDFC Bank, Patanjali, SpiceJet

Stocks to watch on July 13, 2023: Shares of TCS and HCL Technologies will react to Q1 earnings on Thursday.

Nifty Auto in overbought zone; Bullish trend for Pharma index may weaken

The RSI for Nifty Pharma shows a pattern of lower highs and lower lows on the near-term charts; Nifty Auto is in the overbought zone and could see a potential correction

Brent crude rises above $80/barrel amid signs of tightening supplies

Futures rose as much as 0.8% in London, climbing just above $80

Strong order pipeline positive for listed shipyards; prospects 'promising'

Upsides higher on Cochin Shipyards and Garden Reach Shipbuilders than Mazagon

Mutual funds load up on defensives in June, book profits in financials

MFs were low on deployment of funds in the equity market in June as they invested a net of Rs 5,664 crore in a rising market scenario

Shares of Indian gaming, casino firms drop after 28% GST imposition

These companies will now have to pay a 28% tax on the entire amount collected from players, instead of the small tax on the fee they charged for real-money games until now

Sensex drops 224 pts in fag-end, Nifty below 19,400; Delta Corp sinks 23%

CLOSING BELL ON JULY 12, 2023: Shares of online gaming firms wilted under selling pressure on Wednesday owing to the 28% GST levy. Meanwhile, HDFC signed-off its from the bourses with a 0.6% loss.

Wipro's Q1 revenue may slip up to 2.3% QoQ; flat margins likely: Analysts

Wipro Q1FY24 preview: According to brokerages, revenue volatility is likely to keep Ebit (earnings before interest and tax) margins range-bound in Q1FY24, pegged between 15.5-16.1 per cent

Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14

The properties will be auctioned at a reserve price of nearly Rs 37 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi)

BSE hits 52-week, surges 13% on heavy volumes

The board of directors of BSE Ltd, on July 6, approved a share buyback of up to Rs 375 crore at Rs 816 per share

Bears grip Delta Corp on highest ever volume, Nazara must hold 200-DMA

Delta Corp needs to cross the 200-DMA to regain the momentum, while Nazara Technologies must hold the 200-DMA as a support.

Stock of this power generation company has zoomed over 8500% since 2021

Thus far in the calendar year 2023, the stock zoomed has 148% as compared to a 7% rise in the S&P BSE Sensex

HAL, Mazagon Dock: Defence stocks may see up to 10% upside on robust charts

Defence related stocks continue to trade in overbought territory, as momentum sees elevated sentiment.

Utkarsh Small Finance Bank IPO: Should you subscribe to the lender's offer?

Utkarsh Small Finance IPO: The price band for the issue, which runs between July 12 and July 14, has been fixed as Rs 23-25 per share

Premier Explosives zooms 44% in 2 days on Rs 552-cr order win from MoD

PEL said it has won contracts worth Rs 292.11 crore from the Indian Air Force for supply of Chaffs, and orders amounting to Rs 260.15 crore for supply of Flares

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

Zen Technologies surges 24% in 2 days after winning Rs 340 cr export order

Thus far in the current calendar year, the stock has skyrocketed 184 per cent, as compared to 7.5 per cent rise in the S&P BSE Sensex.