Page 426 - Markets
Stocks to Watch: Infy, HCL Tech, Sah Polymers, Concor, IIFL Wealth, RailTel
Stocks to Watch: Infosys and HCL Technologies to announce Q3 results; Sah Polymers to debut on Thursday.
 "Stocks to Watch: Infy, HCL Tech, Sah Polymers, Concor, IIFL Wealth, RailTel")
No near-term boost likely for auto stocks from Expo 2023, say analysts
Analysts, however, believe investors may adopt 'buy on dips' strategy for the pack as overall sales growth is expected to remain steady going forward
 "No near-term boost likely for auto stocks from Expo 2023, say analysts")
Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain
Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer
 "Sensex, Nifty end choppy session flat; Airtel sinks 3%, HUL 2%, OMCs gain")
Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO
The company said Jain's appointment as MD and CEO will re-orient the brand's customer strategy and enhance operational efficiency
 "Shriram AMC zooms 73% in 3 days post appointment of Kartik Jain as MD & CEO")
WazirX's reserves at $284.4 million, highest in the form of Shiba Inu
Indian crypto exchange's reserve-to-liability ratio stands at 1:1
 "WazirX's reserves at $284.4 million, highest in the form of Shiba Inu")
Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY
Infosys Q3 preview: The operating margin could improve by 10-40 basis points (bps) to up to 21.9 per cent sequentially aided by a weakened rupee, lower attrition and higher optimisation
 "Infosys Q3 growth may be muted on higher furloughs; PAT may rise 9-15% YoY")
TCS Q3: Weak deal wins, negative headcount signal slowdown, say analysts
TCS Q3 results: QoQ decline of 2,200 employees in the total headcount and de-growth of 3.7 per cent in deal bookings at $7.8 billion are indicators that point towards a slowdown, analysts say
 "TCS Q3: Weak deal wins, negative headcount signal slowdown, say analysts")
Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%
CLOSING BELL: Broader markets, too, bled simultaneously in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices fell up to 0.5 per cent
 "Sensex slides 632pts to 60,115, Nifty below 18K; Airtel, SBI slip up to 2%")
Adani Group shares under pressure; Adani Ent falls 5%, Adani Ports down 3%
Some of the biggest Adani group backers from the Gulf are likely to be among the largest buyers of the Adani Enterprises' FPO, which is expected to be launched later this month.
 "Adani Group shares under pressure; Adani Ent falls 5%, Adani Ports down 3%")
Sona Comstar to acquire 54% stake in Serbian firm NOVELIC; stock jumps 9%
Sona Comstar will acquire this 54 per cent equity stake in NOVELIC for euro 40.5 million through a combination of primary and secondary purchases
 "Sona Comstar to acquire 54% stake in Serbian firm NOVELIC; stock jumps 9%")
Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR
Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.
Bulls stage turnaround on Monday; key reasons why Sensex rallied 850 pts
The market sentiment got a boost from jobs and services data in the US, which hinted at a cooling economy prompting bullish bets from investors
 "Bulls stage turnaround on Monday; key reasons why Sensex rallied 850 pts")
Upbeat global mood, IT stocks lift Sensex 847 pts up, Nifty ends at 18,101
CLOSING BELL: Broader markets also gained in tandem with the frontline indices. The BSE Midcap and Smallcap indices closed 0.9 per cent and 0.5 per cent up, respectively
 "Upbeat global mood, IT stocks lift Sensex 847 pts up, Nifty ends at 18,101")
Textile stocks in focus; Nitin Spinners, Filatex, Lambodhara zoom up to 16%
Lambodhara Textiles hit a 52-week high of Rs 164, surging 16% in the intra-day trade toda. The stock has rallied 30% in the past two trading days
 "Textile stocks in focus; Nitin Spinners, Filatex, Lambodhara zoom up to 16%")
Godfrey Phillips India hits record high; stock zooms 100% in 6 months
In October 2022, Godfrey Phillips divested from the chewing business by sale/ assignment of associated trademarks and certain non-current assets to focus more on cigarette business
 "Godfrey Phillips India hits record high; stock zooms 100% in 6 months")
Vodafone Idea hits lowest level since September 2021, down 6% in firm mkt
According to a media report, the DoT is looking at the financials and the operations of Vodafone Idea to ascertain its health
 "Vodafone Idea hits lowest level since September 2021, down 6% in firm mkt")
Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart
Stocks to Watch: TCS and other IT stocks in focus, as the Tata Group IT major will be reporting its Q3 earnings on Monday.
 "Stocks to Watch: TCS, Paytm, PTC, Lodha, Heritage Foods, Electronics Mart")
TMS Ep342: Tech giants wooing India, women's IPL, markets, licensing norms
Why are Microsoft and Google wooing India? Can women's IPL the success of IPL? Which factors will decide street action this week? What do new licensing norms mean for Delhi's nightlife? Answers here
 "TMS Ep342: Tech giants wooing India, women's IPL, markets, licensing norms")
Markets decline on heavy FPI selling; Sensex slips below 60,000
FPIs sold shares worth Rs 2,902 cr, according to provisional data from exchanges
 "Markets decline on heavy FPI selling; Sensex slips below 60,000")
TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY
TCS Q3 results preview: As per brokerage estimates, TCS may post up to 18 per cent Yo revenue growth to an average of Rs 57,446 crore. The bottom line could rise 10-16 per cent to around Rs 11,046 cr
 "TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY")