Page 46 - Indian Markets

India market's share in Ericsson's global net sales jumps to 11%

Indian market's contribution to Swedish telecom gear maker Ericsson's global net sales rose by 9 percentage points to 11 per cent in the January-March quarter of 2023 compared to the year-ago period. Ericsson India contributed 2 per cent to the global net sales in January-March 2022. The Swedish firm on Tuesday posted a 14 per cent year-on-year growth in net sales to 62.6 billion Swedish Krona (SEK) in March 2023 quarter from 55.1 billion SEK. With 11 per cent contribution, Ericsson India revenue during the reported stands at around Rs 5,600 crore. "In market area South East Asia, Oceania and India, sales adjusted for comparable units and currency increased by 132 per cent YoY primarily driven by 5G market share gains in India as well as timing of project milestones in the Philippines and Malaysia," Ericsson said. Net sales of Ericsson plunged by 20 per cent in North East Asia and 18 per cent in North America. Ericsson Networks sales, which account for 68 per cent of total sales,

China's uncertain reopening prompts Malaysia Air to target Indian market

Malaysia Airlines will operate 60 flights a week to South Asia this year, compared with just 27 services to China

Shares of Avalon Tech slump more than 9% on debut, end at Rs 396.3

The firm's Rs 865-crore IPO-the biggest this calendar year-had garnered subscription of little over two times

FPIs begin FY24 on a positive note; invest Rs 8,767 cr in Indian equities

Going forward, FPIs flow is expected to remain volatile, given the tight monetary policy of the US Federal Reserve

Inflation data, earnings, global cues to guide market this week: Analysts

WPI inflation data for March, quarterly earnings, global trends and foreign fund trading activity are major factors that will drive equity markets this week, analysts said. Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar. Wholesale Price Index (WPI) inflation data for March would be released on Monday. "Trend in global markets, domestic and global macroeconomic data, crude oil prices and movement of the rupee against the dollar will dictate the trend this week," said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd. HCL Technologies, Hindustan Zinc, Tata Coffee and Tata Communications are some of the major firms that will announce their quarterly earnings this week. "Focus will be on earnings and global markets for cues. On the earnings front, participants will first react to Infosys and HDFC Bank's numbers in early trade on Monday," Ajit Mishra, VP - Technical Research, Religare Broking Ltd, .

Sensex rises 235 pts, Nifty tops 17,800 in fag-end; Divis Labs zooms 10%

CLOSING BELL: Among sectors, the Nifty Pharma index leaped over 2 per cent today as India saw over 7,000 fresh cases of Covid-19

Bulls ride on bank stocks to end higher for 7th session; Sensex up 311 pts

CLOSING BELL: The Nifty50 added 98 points to end at 17,722 level

This stock has zoomed over 900% in 3 years, company to mull bonus issue

So far in the calendar year 2023, VSSL surged nearly 40 per cent after the company reported strong operational performance in Q3FY23, due to higher sales of value added products and cost optimisation

Neogen Chemicals surges 5% after it inks pact with Japanese firm MUIS

This acquisition will help Neogen to strengthen its position in the electrolyte market in India.

Stocks to watch: JSW Steel, Cipla, Zydus Life, Kaveri Seed, Kalpataru Power

Stocks to watch today: From Cipla to Zydus Lifesciences, here are top stocks to watch in Tuesday's trading session

Sensex, Nifty end flat after choppy day; financials fall, Godrej Prop up 9%

CLOSING BELL: Bajaj Finance, Asian Paints, IndusInd Bank, ICICI Bank, Nestle India, HUL, Reliance Industries, HDFC Bank, Axis Bank, and SBI were the top laggards on the Sensex index

Sensex up 144pts, Nifty nears 17,600 as RBI pauses hike; realty stocks jump

CLOSING BELL: Shaktikanta Das said the move was only "a pause and not a pivot"

Singer India hits 10% upper circuit as Rakesh Khanna takes over as VC & MD

Khanna was the MD & CEO of Orient Electric, a leader in consumer appliances, with revenues of over Rs 2,500 crore

Nifty Auto likely to remain range-bound in near-term, says Ravi Nathani

According to the technical analyst, the Nifty Auto Index is expected to remain range-bound in the near term, with a potential breakout in either direction likely to trigger a directional bias

Hyundai Motor to introduce all-new sports utility vehicle in Indian market

Hyundai Motor India on Wednesday said it will introduce an all-new sports utility vehicle in the country. The company currently sells models like Venue, Creta, Alcazar and Tucson in the sports utility segment in the domestic market. "Hyundai has been one of the forerunners to induce new mobility experiences and we are all set to once again excite customers with an all-new SUV that is coming soon to take you places," Hyundai Motor India COO Tarun Garg said in a statement. The company, however, did not share any details about the engine, or size of the vehicle. Built to bring out the explorer, this all-new SUV will evoke unfiltered experiences with advanced technology, superior safety and strong performance, the automaker said without divulging details. The sports utility vehicle segment has emerged as the fastest growing segment in the domestic passenger vehicle segment.

HDFC duo, L&T lift Sensex 583 pts, Nifty atop 17550 day ahead of RBI policy

CLOSING BELL: Buying momentum in IT, HUL, and ITC shares also lent support

Markets end in green after volatile day; Sensex rises 114.92 points

Extending gains to the third day, the broader NSE Nifty advanced 38.30 points or 0.22 per cent to close at 17,398.05 points

Sensex ends choppy day 115 pts up, Nifty near 17,400; OMC, gas stocks slide

CLOSING BELL: Gas stocks, including Mahanagar Gas and Indraprastha Gas, dropped up to 6 per cent after the government kept domestic gas prices unchanged

Should you subscribe to Avalon Tech IPO? Here's what brokerages recommend

On Monday, shares of Avalon Technologies enjoyed Rs 30 premium in the grey market, which translated to a likely listing price of Rs 465 apiece on the upper price band

Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways

The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE