Multiplexes have been trying to grow their F&B offerings by experimenting with cuisines and products
Like TCS, Infosys, too, reported a strong 25.6% growth in digital revenues
The financer has been selling assets in order to improve its balance sheet
A sharp drop in crude oil prices have helped improved investor sentiment
Temasek India is bullish on consumption stories
Revenue is reported at Rs 192.18 bn vs Rs 180.83 bn (QoQ). The company has maintained FY19 constant currency growth maintained AT 6-8%
Among sectoral indices, the Nifty PSU Bank index fell over 2% weighed by a decline in Canara Bank and Indian Bank.
46 stocks including Den Networks, Tejas Networks, Oriental Bank, Kwality, Kajaria Ceramics, JBF Industries, Andhra Bank, Dena Bank and Balalji Telefims from the BSE Smallcap index have hit 52-week low
Bajaj Finance hit a new high of Rs 2,460 on the BSE, rising by 2% today and extending their 2.5% gain on Thursday, on expectations of healthy financial performance in Q1FY19.
Sonata Software, Hexaware Technologies, Firstsource Solutions, Mindtree, Infinite Computer Solutions (India) and NIIT Technologies too seen their market price more than doubled in one year.
TCS Q1FY19 CC revenue growth at 4.1% QoQ is a meaningful beat to estimates and is highest in several quarters.
On Thursday, the local currency had edged up by 20 paise to end at a one-week high of 68.57 against the US dollar
The Indian currency gained further ground even as the US dollar was strong in global markets amid trade war concerns between the US and China
RIL touched a fresh record high of Rs 1,107 on BSE which is up by 2.5% from its previous close with a market cap of Rs 7.01 trillion at 09.52 am; the BSE data shows.
Operational efficiencies and rupee depreciation benefits likely to be offset by wage hikes
The stock slipped 2.3% to Rs 982 after the company said it had received its board's approval to conduct a share buyback of up to 36.3 million equity shares worth up to Rs 40 billion.
TCS, currently valued at $110 billion, entered the club in April
Nifty outlook and Top trading ideas by Jay Anand Thakkar ,CMT -Assistant Vice President - Equity Research, Anand Rathi Research.
Derivatives strategy on Arvind Limited by Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher.