Broader indices underperform, but 38 smallcap stocks deliver double digit returns
Support for the Nifty is seen at 22,000 and 21,700-800 levels. On the higher side, the immediate resistance for the Nifty is at 22,150-175 levels, followed by 22,300-350. Overall, the coming week should set up the market for a large trending move.
Posted on 20 April 2024 | 1:07 pm
Market falls 1.5% amid geopolitical tension; rupee hits record low
The Indian rupee touched record low 83.57 during the week and ended marginally lower at 83.47 on April 19 against its April 12 closing 83.42.
Posted on 20 April 2024 | 10:27 am
2 Options buying strategies for trading at top: Shubham Agarwal
Shubham Agarwal explains two strategies which can help in trading at the top more efficiently.
Posted on 20 April 2024 | 7:18 am
Daily Voice: #39;Unless significant breakdown in US economy, 75 bps fed funds rate cut seems improbable in 2024#39;
While Marcellus Investment Managers broadly remains positive on the market, certain segments of the market, particularly in the small and mid-cap space, may face increasing scrutiny regarding valuations, says Arindam Mandal.
Posted on 20 April 2024 | 7:15 am
Google scraps minimum wage, benefits rules for suppliers and staffing firms
The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters.
Posted on 20 April 2024 | 6:57 am
Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
Gold and crude oil prices advanced as market participants kept an uneasy eye on unfolding turmoil in the Middle East.
Posted on 20 April 2024 | 6:50 am
After Chamkila fever, watch this documentary film on the Mirasi folk singers of Punjab
A documentary celebrating the history of Punjab’s Muslim women singers of the Mirasi community will be screened in Delhi and online.
Posted on 19 April 2024 | 11:47 pm
Wipro’s consulting business Capco sees “green shoots�
Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%
Posted on 19 April 2024 | 11:02 pm
Wipro’s consulting business Capco sees “green shoots�
Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%
Posted on 19 April 2024 | 11:02 pm
US markets fall for 6th day in a row, SP 500 down 0.32%; GIFT Nifty up
US Markets continued to trade in the red over Middle East tensions. European markets traded mixed, while Asian markets tumbled. Indian indices and Crude traded higher.
Posted on 19 April 2024 | 9:38 pm
Wipro CEO Pallia unveils five focus areas to turn around the company
Pallia said Wipro would first accelerate large deal momentum by working closely with clients and partners, among other 4 measures.
Posted on 19 April 2024 | 8:56 pm
Demerger will begin after government divests stake: Hindustan Zinc CEO
Moneycontrol had reported last year that the government will dilute about 3.5 percent out of the total 29.5 percent stake via offer for sale (OFS) route
Posted on 19 April 2024 | 8:31 pm
HDFC AMC Q4 results: Net profit rises 43% to Rs 540 crore
The AMC closed at Quarterly Average Assets Under Management (QAAUM) of Rs 6.12 lakh crore and a market share of 11.3 percent in the quarter.
Posted on 19 April 2024 | 7:52 pm
Wipro guides for revenue of (-) 1.5% to 0.5% in Q1FY25
CFO Aparna Iyer said it is a tough macroeconomic environment and clients are going through a very challenging time.
Posted on 19 April 2024 | 7:47 pm
Is the cement sector overvalued? Here#39;s what market experts say
Most analysts and fund managers Moneycontrol spoke to advised caution on the segment, adding, however, that there were #39;pockets of opportunity#39;.
Posted on 19 April 2024 | 6:15 pm
Russia squeezes Mideast, OPEC shares in India#39;s oil market to historic lows
New Delhi has been gorging on Russian oil sold at a discount after Western nations shunned purchases and imposed sanctions on Moscow over its invasion of Ukraine. As a result Russia is now the top supplier to the world#39;s third-largest oil importer.
Posted on 19 April 2024 | 11:37 am
India a standout performer amidst sluggish global growth trends: India#39;s Economic Affairs Secretary tells WB committee
The GDP growth estimate for the fiscal, which has been revised upwards from 7.3 per cent to 7.6 per cent in the second advance estimates, highlights the enduring strength and resilience of the Indian economy, India#39;s Economic Affairs Secretary Ajay Seth said while addressing the Development Committee meeting here on Thursday.
Posted on 19 April 2024 | 10:46 am
India ready to take #39;adequate steps#39; to mitigate impact of Iran-Israel conflict, says Nirmala Sitharaman
Sitharaman said India started importing oil from Russia to cushion the country from higher prices after sanctions were imposed by Western countries.
Posted on 18 April 2024 | 5:49 pm
China’s magical growth of 5.3 percent has puzzled the Chinese
Strong first-quarter numbers are puzzling the Chinese, who witness a stagnant economy daily. Two factors reconcile the difference
Posted on 18 April 2024 | 3:02 pm
Global future will not be driven by big tech but by India#39;s DPI: Amitabh Kant
Speaking at the #39;We Made in India#39; event here, Kant said India will transfer its digital public infrastructure (DPI) to the rest of the world, and already there are many examples of countries warming up to the same.
Posted on 18 April 2024 | 2:49 pm
Global interest in India opportunity will propel economic growth: Sanjay Nayar
NULL
Posted on 18 April 2024 | 1:46 pm
US senators object to wheat, rice subsidies in India; USTR says market access to India has improved
US Trade Representative (USTR) Katherine Tie, responding to a series of questions from the senators during a congressional hearing on trade convened by the US Finance Committee, defended the Biden administration#39;s actions.
Posted on 18 April 2024 | 6:59 am
Former RBI chief D Subbarao warns against premature celebration of India#39;s economic rise, urges focus on per capita income disparity
Addressing a gathering at a book launch programme, Subbarao also said, citing Saudi Arabia, that becoming a rich country does not necessarily mean becoming a developed nation.
Posted on 17 April 2024 | 1:42 pm
Domestic finished steel consumption grows 13% to 136 MT in FY24: SteelMint
The country consumed 120 million tonne (MT) finished steel in the preceding 2022-23 financial year, the research firm said in a report.
Posted on 17 April 2024 | 11:10 am
Central bankers should retire the 2 percent inflation target
With the energy shock now a memory, central bankers require more flexible objectives
Posted on 17 April 2024 | 11:10 am
Indian economy projected to grow 6.5% in 2024: UNCTAD
UN Trade and Development (UNCTAD) in its report released on Tuesday said that India grew by 6.7 per cent in 2023 and is expected to expand by 6.5 per cent in 2024, continuing to be the fastest-growing major economy in the world.
Posted on 17 April 2024 | 9:42 am
India needs to maximise demographic dividends and focus on job creation: Raghuram Rajan
"I think we are in the midst of it (democratic dividend), but the problem is we are not reaping the benefits," Rajan said at a conference on "Making India an Advanced Economy by 2047: What Will it Take" at the George Washington University here.
Posted on 17 April 2024 | 7:56 am
India is #39;one of the strong performers#39;: IMF
With this, India continues to be the fastest growing economies of the world and ahead of China#39;s growth projection of 4.6 per cent during the same period, it said.
Posted on 17 April 2024 | 7:11 am
IMF sees slow, steady 2024 global growth; China, inflation pose risks
The IMF recommended that China accelerate the exit of non-viable developers and promote the completion of unfinished housing projects, while supporting vulnerable households to help restore consumer demand
Posted on 16 April 2024 | 6:39 pm
India rate cuts #39;off the table#39; in 2024/25: Morgan Stanley
"We believe that improving productivity growth, rising investment rate, and inflation tracking above the target of 4%, alongside a higher terminal Fed funds rate, warrant higher real rates," economists Upasana Chachra and Bani Gambhir wrote.
Posted on 16 April 2024 | 11:59 am
Broader indices underperform, but 38 smallcap stocks deliver double digit returns
Support for the Nifty is seen at 22,000 and 21,700-800 levels. On the higher side, the immediate resistance for the Nifty is at 22,150-175 levels, followed by 22,300-350. Overall, the coming week should set up the market for a large trending move.
Posted on 20 April 2024 | 1:07 pm
Market falls 1.5% amid geopolitical tension; rupee hits record low
The Indian rupee touched record low 83.57 during the week and ended marginally lower at 83.47 on April 19 against its April 12 closing 83.42.
Posted on 20 April 2024 | 10:27 am
2 Options buying strategies for trading at top: Shubham Agarwal
Shubham Agarwal explains two strategies which can help in trading at the top more efficiently.
Posted on 20 April 2024 | 7:18 am
Daily Voice: #39;Unless significant breakdown in US economy, 75 bps fed funds rate cut seems improbable in 2024#39;
While Marcellus Investment Managers broadly remains positive on the market, certain segments of the market, particularly in the small and mid-cap space, may face increasing scrutiny regarding valuations, says Arindam Mandal.
Posted on 20 April 2024 | 7:15 am
Google scraps minimum wage, benefits rules for suppliers and staffing firms
The elimination of the 2019 policy, along with other steps such as limiting access by temporary workers and vendors to internal systems, are designed to comply with shifting U.S. and global labor regulations related to contingent workers, a spokesperson for Mountain View, California-based Google told Reuters.
Posted on 20 April 2024 | 6:57 am
Nasdaq tumbles, Treasuries dip amid earnings, geopolitical crosscurrents
Gold and crude oil prices advanced as market participants kept an uneasy eye on unfolding turmoil in the Middle East.
Posted on 20 April 2024 | 6:50 am
After Chamkila fever, watch this documentary film on the Mirasi folk singers of Punjab
A documentary celebrating the history of Punjab’s Muslim women singers of the Mirasi community will be screened in Delhi and online.
Posted on 19 April 2024 | 11:47 pm
Wipro’s consulting business Capco sees “green shoots�
Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%
Posted on 19 April 2024 | 11:02 pm
Wipro’s consulting business Capco sees “green shoots�
Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%
Posted on 19 April 2024 | 11:02 pm
US markets fall for 6th day in a row, SP 500 down 0.32%; GIFT Nifty up
US Markets continued to trade in the red over Middle East tensions. European markets traded mixed, while Asian markets tumbled. Indian indices and Crude traded higher.
Posted on 19 April 2024 | 9:38 pm
Wipro CEO Pallia unveils five focus areas to turn around the company
Pallia said Wipro would first accelerate large deal momentum by working closely with clients and partners, among other 4 measures.
Posted on 19 April 2024 | 8:56 pm
Demerger will begin after government divests stake: Hindustan Zinc CEO
Moneycontrol had reported last year that the government will dilute about 3.5 percent out of the total 29.5 percent stake via offer for sale (OFS) route
Posted on 19 April 2024 | 8:31 pm
HDFC AMC Q4 results: Net profit rises 43% to Rs 540 crore
The AMC closed at Quarterly Average Assets Under Management (QAAUM) of Rs 6.12 lakh crore and a market share of 11.3 percent in the quarter.
Posted on 19 April 2024 | 7:52 pm
Wipro guides for revenue of (-) 1.5% to 0.5% in Q1FY25
CFO Aparna Iyer said it is a tough macroeconomic environment and clients are going through a very challenging time.
Posted on 19 April 2024 | 7:47 pm
Is the cement sector overvalued? Here#39;s what market experts say
Most analysts and fund managers Moneycontrol spoke to advised caution on the segment, adding, however, that there were #39;pockets of opportunity#39;.
Posted on 19 April 2024 | 6:15 pm
Wipro’s consulting business Capco sees “green shoots�
Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%
Posted on 19 April 2024 | 11:02 pm
Wipro’s consulting business Capco sees “green shoots�
Chief financial officer Aparna C Iyer said Capco has grown quarter-on-quarter by 6.6%
Posted on 19 April 2024 | 11:02 pm
Wipro CEO Pallia unveils five focus areas to turn around the company
Pallia said Wipro would first accelerate large deal momentum by working closely with clients and partners, among other 4 measures.
Posted on 19 April 2024 | 8:56 pm
Demerger will begin after government divests stake: Hindustan Zinc CEO
Moneycontrol had reported last year that the government will dilute about 3.5 percent out of the total 29.5 percent stake via offer for sale (OFS) route
Posted on 19 April 2024 | 8:31 pm
HDFC AMC Q4 results: Net profit rises 43% to Rs 540 crore
The AMC closed at Quarterly Average Assets Under Management (QAAUM) of Rs 6.12 lakh crore and a market share of 11.3 percent in the quarter.
Posted on 19 April 2024 | 7:52 pm
Wipro guides for revenue of (-) 1.5% to 0.5% in Q1FY25
CFO Aparna Iyer said it is a tough macroeconomic environment and clients are going through a very challenging time.
Posted on 19 April 2024 | 7:47 pm
MC Pro Quick Take | Wipro Q4: In-line execution, better margin, but near-term outlook muted
Wipro#39;s in-line execution and bookings and surprise on margin stood somewhat negated by a soft near-term guidance
Posted on 19 April 2024 | 4:51 pm
Wipro reports large TCV of $1.2 billion in Q4, up 9.5% YoY
On a full-year basis, the order book was up over 16% at $4.6 billion as compared to $3.90 billion recorded in FY23.
Posted on 19 April 2024 | 4:40 pm
Wipro Q4 results: Net profit falls 8% to Rs 2,835 crore, beats estimates
Wipro pegs IT services revenue at -1.5% to 0.5% in constant currency terms
Posted on 19 April 2024 | 3:46 pm
HDFC Bank Q4 preview: Focus on deposits to keep margins steady but income growth may drag
The lender moderated loan growth in Q4 in favour of a strong focus on deposit mobilisation. Exceptional income will also likely bolster quarterly earnings in a challenging environment.
Posted on 19 April 2024 | 3:41 pm
Hindustan Zinc Q4 results: Net profit drops 21% to Rs 2,038 crore amid slump in zinc prices
Mined metal production in the March quarter stood at 299 KT, up 11 percent from the previous quarter, led by a mix of improved mined metal grades and higher ore production across mines.
Posted on 19 April 2024 | 2:18 pm
Concentrated power at the top of businesses remains a red flag
There remains a logic to separating functions of chair and chief executive
Posted on 19 April 2024 | 1:53 pm
NBCC to set up shadow lender to help save over $100 million
The construction and real estate developer estimates the move will help it save $108 million in interest costs over the next two years, said the sources, who did not want to be named as the discussions are private.
Posted on 19 April 2024 | 1:42 pm
OpenAI makes first India hire in bid to shape regulation early
The Microsoft Corp. backed-company recruited Pragya Misra to lead public policy affairs and partnerships in India, people familiar with the matter said, asking not to be named as the appointment isn’t yet public. Misra, 39, previously worked at Truecaller AB and Meta Platforms Inc. and is set to start at OpenAI toward the end of the month.
Posted on 19 April 2024 | 12:17 pm
TCS outperforms Infosys in revenue growth for the first time in five years
Although TCS is much bigger than Infosys in size, it has still outperformed its Bengaluru-based next-best rival hands down.
Posted on 19 April 2024 | 12:17 pm
