Nifty 50 companies grew only 3.5% last quarter, next 450 companies grew over 20%: Alok Agarwal
Alok Agarwal highlights a divergence in market growth, where Nifty 500 firms grew by 11% last quarter, while Nifty 50 companies only saw 3.5% growth. Index heavyweights like oil, FMCG, banking, and tech are lagging, while sectors like electronics, real estate, and building materials are performing well but are underrepresented in major indices.
ETMarkets Smart Talk | IT sector set for 2H25 comeback backed by low base, global tailwinds: Ambit Capital
Ambit Capital suggests India’s IT sector is poised for a revival in late 2025, driven by seasonality and global tech demand. The market favors large-caps and stock pickers due to muted returns and rising concentration. Experts recommend defensive sectors like FMCG, Pharma, and IT, emphasizing quality and low volatility stocks amid slowing earnings growth and […]
Income Tax department mulls probe into Jane Street after SEBI allegations of market manipulation
Following SEBI’s allegations of market manipulation against Jane Street, the Income Tax department is considering a probe into potential violations. The investigation will focus on General Anti-Avoidance Rules (GAAR) and permanent establishment norms, examining the firm’s structure involving Indian and offshore entities. Authorities suspect profits booked in Singapore may be reattributed to India, leading to […]
Positive Breakout: These 9 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 5000 crore, nine stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on July 10, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. […]
Dull loan growth, margin pressure, credit cost to weigh on bank earnings
State Bank of India anticipates lackluster Q1 results due to margin dips and slow loan growth, while HDFC Bank projects a profit increase driven by core operating income. Overall, banks face challenges like muted loan growth and margin compression. Strong treasury gains may offer some cushion amidst weak earnings and rising pressure on margins across […]
US stock futures dip, dollar gains on Trump tariffs
US equity-index futures experienced a dip, and the dollar strengthened following President Trump’s announcement of planned blanket tariffs on most trading partners. Asian equities trimmed earlier gains, while the Canadian dollar weakened due to a proposed 35% tariff on Canadian goods. Investors are shifting focus to corporate earnings season, with Nissan raising $4.5 billion through […]
RBI closely monitoring global crypto moves as India mulls policy paper
The Reserve Bank of India is closely monitoring global cryptocurrency developments, especially with Donald Trump’s shift in stance. India is expected to release a paper on crypto soon, even as the RBI emphasizes the effectiveness of UPI for digital transactions. The central bank is also developing its own CBDC and has highlighted concerns about crypto’s […]
Can TCS overcome short-term challenges to achieve its FY-26 growth targets?
Tata Consultancy Services missed analyst expectations for the June quarter. This was due to the BSNL deal ending. Net profit grew, helped by a one-time gain. Project ramp-ups faced delays. New deal wins increased to $9.4 billion. Headcount rose, but attrition also increased. Revenue fell slightly. Net profit increased due to one-time income.
Capex, cost cuts spark turnaround hopes for Kirloskar Ferrous
Shares of Kirloskar Ferrous Industries have rebounded 29% in the last three months thereby reducing the one-year fall to 22%. Analysts are optimistic about the company’s capacity expansion and cost‐saving initiatives.
Life has no fun on high base as ULIP sales slow down
The muted growth-compared to 22% growth in the April-June 2024 quarter-is due to a high base in the same period last year, regulatory impact from new surrender norms, and a softer push for high-ticket Ulip (unit-linked insurance plan) sales amid ongoing global equity market volatility, insurance experts said.