As the major indices, the Sensex and the Nifty 50, saw their biggest weekly declines in two years, Dalal Street was in ruins this week. The cautious approach taken by the Federal Reserve and its softer rate-cut trajectory for 2025 exacerbated FII selling in the domestic market. The dip today caused the Sensex to drop…
As the US President stoked expectations of a corporate tax rate cut and the ensuing rise in corporations’ discretionary spending and IT budget, Indian IT majors are expected to see mid-to high-single-digit growth over the coming quarters, indicating a slower-than-expected recovery, according to brokerage firm CLSA. The brokerage adopted a cautiously optimistic outlook due to…
The Nifty 50 firms’ earnings have been cut down by 7% over the last six months after a poor showing in the September quarter. As a result, the predicted earnings growth for FY25 has been reduced to just 5%, the lowest level since FY20. India Inc.’s operational earnings grew at the slowest rate in at…
Benchmark indices extended their downward trajectory on Thursday, closing at their lowest points in almost two months due to disappointing earnings and ongoing selling by foreign portfolio investors (FPIs), which dampened investor sentiment. After posting dismal profits for the September quarter, Bajaj Auto saw a 13% decline, making it the biggest loss on the Nifty….
In the benchmark Nifty 50, Trent and Bharat Electronics will take the places of Divis Laboratories and LTIMindtree. The Nifty 50 Equal Weight index will likewise be affected by the replacement in Nifty 50. As part of the semi-annual assessment of broad market indices, the Index Maintenance Sub-Committee (Equity) of NSE Indices has agreed to…
In the week ending September 1, the market ended a five-week losing trend with solid gains. The benchmarks were under pressure due to conflicting global cues, weak monsoons in August, and rising crude oil prices; nevertheless, positive investor sentiment was buoyed on Friday by solid GDP and Manufacturing figures. The Nifty50 began the month of…
After Epam Systems again decreased its revenue forecast for CY2023, information technology stocks declined on Tuesday. Shares of Infosys decreased 1.8% while the NSE IT Index lost 1.88%. The yield on TCS shares was 1.6%. EPAM has revised its forecast for revenue growth and now projects a 2% drop in constant currency revenues at the…
