With most of the events taking a back seat, the markets have been trading sideways, looking for a direction; Here's what Emkay recommend
Bullish on Indian market growth, leading data analytics and artificial intelligence player Qlik expects its customer base to cross 1,000 this year. "We have doubled our business in the last two years. We have a good representation of 800 plus customers now, including Indian Oil, Ather Energy, NSE and HDFC Life," Qlik Managing Director (India) Varun Babbar told PTI here. Prodded further about crossing the 1,000 customer milestone, he said, "We should be able to do it soon...it should happen this year, but it's difficult to say exactly when". There are a lot of small and midsize businesses that are doing quite well, and they are going to be the next set of partners, both on data analytics and AI strategy. From a headcount perspective, he said, India is the third largest employer within the Qlik ecosystem after the US and Sweden. India is prioritised a lot in terms of investment as well, he said, adding that, data centre was opened recently in India with a large investment. Located
On the bourses, Hero MotoCorp shares were in demand, with the scrip rising up to 2.70 per cent to hit an intraday high of Rs 3958.40 per share.
For the Nifty 50 index to hit the lower circuit, it has to fall 10 per cent to 21.846.20 levels on Friday. If this becomes a reality before 1 PM, then the trading will be halted for 45 minutes
The rally in the SEPC share price came after the company executed a Framework Agreement with ROSHN Group Company, Riyadh, Kingdom of Saudi Arabia (KSA) to carry out infrastructure works in KSA
The key support for the BSE Sensex stands at 76,300; whereas, the NSE Nifty 50 index could test 23,300 or dip to 23,150 levels; suggests technical chart.
In the same period last year, the sector recorded a growth of 6.5 per cent. It witnessed a growth of 5.6 per cent in the September quarter this year, up from 3.5 per cent in the June quarter
Will integrate 5,000 Indian homes to network with lowest membership cost worldwide
On the last 3 Budget days, the Nifty ended marginally in red; the NSE benchmark has ended lower on 5 out of previous 7 occasions when finance minister Nirmala Sitharaman presented the Union Budget.
Kevin Samuelson, global CEO, Infor, said that they are also setting up their own data centre in India to resolve data residency issues for some customers
Founded by husband-and-wife duo Vaishali Mehta and Yash Mehta, JoySpoon is tapping an industry expected to grow to Rs 27,491 crore by 2028
The fund is looking to exit some India investments and deploy the winnings in other sectors in the country such as healthcare, technology, education and shadow lending
Markets Today LIVE: Markets in India are likely to tread cautiously as investors await key policy rate decision from the US Federal Reserve later this week
Rebel Foods was founded by McKinsey & Co. alumnus Jaydeep Barman with the goal of building a range of online-only brands
Markets Highlights: Shriram Finance, Bajaj Finserv, Wipro, HCL Tech, and Infosys were among the 23 Nifty50 constituent stocks that ended in the green, with gains of up to 2.48 per cent
Markets Highlights: Broader markets outperformed the benchmarks indices on Friday after the RBI left key rates unchanged and announced a 50 bps cut in CRR, while lowering its GDP forecast
While the matter of discussion was not immediately clear, the visit comes as SoftBank eyes more artificial intelligence and technology bets in Asia's third-largest economy
Redman noted that one cannot find such a good fit between equity market momentum and domestic mutual fund flows as in India
Wall Street brokerage, which remains tactically market weight on Indian equities, expects the benchmark Nifty 50 to hit 24,000 points in next three months, implying a gain of a little under 3 per cent
For the first 10 months of 2024, foreigners bought Rs 1.18 trillion of bonds, driven by India's inclusion in the JPMorgan index on June 28