Fund Manager Talk | Defence and rail PSU stocks fall up to 40%. Viraj Gandhi on what should investors do?
The multi cap category’s market share has increased from 2.5% in November 2021 to nearly 6% by August 2024. Over the last 36 months, this category has grown at the quickest rate.
Don’t be turned off by temporary blips; Avenue Supermarts becoming like Costco & Walmart in US: Pashupati Advani
Pashupati Advani highlights Avenue Supermarts’ transition into non-food items and its potential for long-term growth. He discusses the upcoming NSE IPO and its impact on financial stocks, noting the BSE as a cheaper alternative. Advani comments on market stability given Middle East concerns and China’s market influence. He also suggests Hyundai’s IPO could affect other […]
F&O Ban List: IEX, Tata Chemicals among 12 stocks under trade ban on Tuesday
Twelve stocks including Chambal Fertilizers, GNFC, and Granules India are under F&O trade ban, as their open interest exceeds 95% of MWPL. The ban will lift once the interest drops below 80%. Meanwhile, Indian stock indices closed higher, with Nifty surging 0.7% and Sensex up 0.73%.
Nvidia notches record close, could unseat Apple as most valuable company
In June, Nvidia briefly became the world’s most valuable company. It was overtaken by Microsoft, and the tech trio’s market capitalizations have been neck-and-neck for several months.
Q2 results today: HDFC Life, PVR Inox among 25 companies to announce earnings on Tuesday
The second quarter earnings season sees the announcement of results from 25 companies, including HDFC Life and HDFC AMC. HDFC Life is expected to report a 17-26% YoY increase in APE, ranging from Rs 3,550 crore to Rs 3,834 crore, with VNB estimated between Rs 900-978 crore.
Big movers on D-Street: What should investors do with RIL, HCL Tech and HDFC Life?
Benchmark BSE Sensex surged nearly 592 points, with Nifty reclaiming the 25,000 level amid a strong global trend. Highlighted stocks include RIL, HCL Tech, and HDFC Life, each showing varied performances and trends. Experts advise cautious trading, focusing on technical indicators and price action before making decisions.
RIL profit slips 3.6% on weak O2C show
Consolidated profit after tax fell to ₹19,101 crore from ₹19,820 crore in the year earlier. Net profit attributable to owners of the company was down 4.7% to ₹16,563 crore from ₹17,394 crore a year earlier. Revenue from operations increased marginally by 0.2% to ₹2.35 lakh crore from ₹2.34 lakh crore in the year earlier.
HCLTech’s bounceback in Q2 holds out hope of more
This contrasts with the lacklustre performance reported by TCS last week wherein the country’s largest IT exporter recorded slower-than-anticipated top-line growth and contraction in the margin. In addition, while employee attrition increased for each of the companies sequentially, TCS showed a higher headcount whereas HCLTech reported contraction for the second consecutive quarter.
Asian stocks rise tracking US gains; oil declines
Benchmark indexes were up in Australia and Japan, and US futures advanced slightly. With earnings reports poised to drive US sentiment this week, the S&P 500 rose almost 1%, notching another record — its 46th this year. That’s a hint investors are not deterred by the reduced forecasts for third-quarter results and are instead betting […]
National Insurance Company picks out assets to sell amid poor solvency
National Insurance Company faces an ₹8,000 crore solvency shortfall, with a negative 0.49% solvency margin against the regulatory minimum of 1.5%. The insurer plans to address the gap by liquidating key assets, including stakes in Agriculture Insurance Company and India International Insurance Singapore, pending necessary approvals.