Page 1567 - Markets News

Sensex, Nifty slide for a fourth straight session; IT, banking shares drop

The 30-share BSE benchmark settled 98 points or 0.18 per cent lower at 53,416.15. During the day, it hit a high of 53,861.28 and a low of 53,163.77

Focus on windfall tax review leads to oil stocks ending in the green

Export taxes on petrol are likely to see the steepest reduction, while levies on diesel and jet fuel could also be lowered to adjust the impact of price declines

Start-ups trump traditional companies in value creation, shows data

Indian start-ups are also having a much larger impact in India than in the global context

Overseas investors continue to cut shareholding in both HDFC, HDFC Bank

FPIs' stake down over 400 bps in both, move paves way for global index inclusion of merged unit

2-wheeler stocks in top gear as chip woes ease; EV transition key: Analysts

Analysts expect 2Ws to reflect strong volumes in Q2FY23 amid strong pent-up demand, and improved mobility in June quarter 2022 (Q1FY23)

World stocks skid as interest rate hike bets keep investors cautious

By Katanga Johnson

Rising interest rates, inflation to affect affordable HFCs' growth: Report

Rising interest rates, higher inflation and increasing cost of construction are likely to slow down growth of affordable housing finance companies in the current fiscal, a report said on Thursday.

RIL, ONGC gain amid report govt may lower windfall tax on fuel on Friday

On the bourses, shares of RIL jumped 2.4 per cent in the intra-day trade, while those of ONGC rose 6.4 per cent.

Sensex down for 4th day, dips 98pts; Nifty below 15,950; PSB, IT worst hit

CLOSING BELL: Axis Bank, HCL Tech, SBI, Tech M, TCS, Wipro, Infosys, and Ultratech Cement were the top large-cap laggards

NMDC hits 52-week low on weak earnings concerns; declines 7% in three days

EBITDA margin for Q1FY23E is likely to come in at 33.3 per cent as against 40 per cent in Q4FY22, said ICICI Securities

TCS hits 52-week low; slips 9% in one week on Q1 margin disappointment

HSBC Securities believe relative premium to the market and likely slowdown in revenue growth will continue to restrict upside for IT stocks in the near term

With rupee at new low, Indian bonds may be worst hit if recession grips US

Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy

CRISIL, Icra, CARE: Major hurdles yet to be conquered by rating agencies

Despite the 15 per cent rally on Wednesday, CARE Ratings still trades 38 per cent lower from its 52-week high; Similarly, CRISIL and ICRA too are down 14 per cent from their respective 52-week highs.

Monte Carlo hits record high; stock surges 16% in a week on robust Q1 sales

The company said it continues to witness encouraging trends via their online channels, and remains confident of their long term sustainable and profitable growth ahead

Paytm hits over three-month high; stock surges 36% in two months

Despite its sharp run-up in the past two months, Paytm has underperformed the market by falling 34 per cent in the last six months as against a 12 per cent decline on the Sensex

Tata Metaliks plunges 8% as Q1 net profit falls 99% YoY to Rs 1.2 crore

he Tata Group company, engaged in pig iron business, had PAT of Rs 94.72 crore in the year-ago quarter (Q1FY22)

Stocks to watch: Mindtree, Tata Elxsi, Infosys, ACC, L&T Infotech, Raymond

Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.

How HDFC Bank, others may fare in Q1 results season

Increase in lending rates, credit growth etc are expected to help banks report a rise in income and profits in Q1FY23. Here's a glimpse of how Q1 results of the banking sector may look like.

Rupee ends at new low as global risk fears spur rush to safe-haven dollar

The rupee has already lost 0.5% to the greenback this week, taking the depreciation for 2022 so far to 6.7%

Nomura cuts 2023 India GDP forecast to 4.7% amid recession fears

Despite the government's recent fiscal steps to counter inflation, Nomura believes, there are upside risks to inflation from the continued pass-through of higher input costs