Tata Technologies reported mixed Q2FY27 results, with services driving revenue growth and margins missing estimates, while brokerages flagged premium valuations despite strong deal wins
Nestle India on Thursday reported a 36.3% YoY growth in Q2FY27 net profit at ₹1,026.70 crore, backed by a 20.5% YoY surge in sales to ₹6,782.17 crore.
Investments by operational units double in a quarter to nearly $500 million as of June
PNB Gilts on Tuesday reported a turnaround in Q2 net profit on a YoY basis, but PAT was down 44% on a QoQ basis.
Only four qualified stock brokers have joined the PaRRVA platform so far, while several industry players have raised concerns over high costs and limited adoption
Nifty IT fell 0.79 per cent on Monday, while telecom shares remained under pressure amid FII outflows, concerns over Jio Platforms' IPO valuation and broader market weakness
The Nifty 50 ranked second-last among 18 major markets over the past year, ahead only of Indonesia, Bloomberg data show
India's earnings growth and relatively lower trailing valuations offer hope, but foreign outflows and external risks could limit the Nifty's recovery
Major quarterly earnings from companies like Wipro and HCL Tech, along with inflation figures, global trends, and crude oil price movements, will drive stock market movement this week, analysts said. Market investors will also watch foreign investor trading activity, rupee movement, US Treasury yields, and geopolitical developments. "September CPI inflation will be the first major domestic test this week. A stronger-than-expected reading could revive concerns over further RBI tightening, putting rate-sensitive sectors such as banking, automobiles and real estate under pressure while raising the risk of a broader drag on consumer demand. "A softer print could ease concerns over the eventual peak in interest rates, but any relief may prove short-lived if Brent crude remains above USD 100 a barrel. Wholesale price inflation data will offer a further indication of how elevated energy and logistics costs are filtering through to producer prices," Hariselvan Radhakrishnan, Founder & CEO
BSE took over a decade to enter the Nifty 50, climbing from smallcap to midcap and then largecap. NSE's journey could follow a similar path
Nifty slides 1.64% as rising crude prices, higher US Treasury yields and geopolitical tensions trigger broad-based selling
Financials see sharpest outflows as investors favour pharma, consumer services
The RBI’s repo rate hike to 5.5% could put more pressure on stocks—but the bigger question is whether more hikes are coming.
The Reserve Bank of India (RBI) could raise the repo rate by 25 basis points to 5.50 per cent on October 7, with eight of 10 economists in a Business Standard poll expecting a hike. Rising inflation,
Arcil, Karamtara Engineering, Glass Wall Systems, Kanohar Electricals and Veegaland Developers are scheduled to announce their quarterly financial results on Tuesday.
RBI's interest rate decision, TCS' earnings, crude oil prices and global bond yields will be important factors to determine stock market movement this week, analysts said. Macroeconomic data announcements and foreign investors' trading activity will also guide market trends, they added. "RBI's monetary policy meeting will be closely watched. The policy stance, inflation outlook and growth projections will provide important cues on the near-term trajectory of domestic interest rates and financial markets. "This week will also mark the beginning of the earnings season, with index heavyweight TCS and retail major DMart among the key companies scheduled to announce their results," Ajit Mishra, SVP Research, Religare Broking, said. On the data front, India's final HSBC Services PMI and Composite PMI readings for September are scheduled to be released on October 6, he said. TCS is slated to announce its September quarter earnings on October 8. "Crude oil remains the most immediate ...
Low-P/E IPOs delivered strong post-listing gains, while expensive issues saw returns front-loaded at listing
September's listings were at a median of 31 times. However, ESDS Software Solution (155 times), Hero Motors (143 times), and Prasol Chemicals (114 times) stood out. The NSE traded at 49 times
Rising crude prices, firm US yields, global risk aversion weigh on Indian equities
Not only did equity fundraising jump 75% year-on-year in April-September, according to PRIME Database Group, but average listing gains also jumped to 19% from 7%.