The Economic Times: Latest business, finance, markets, stocks, company news from India.
Most of the revenues of the Indian IT sector comes from the US, followed by Europe. Hence, we will analyse the impact of the currency on the results of the top 4 IT companies based on market capitalisation — Tata Consultancy Services (TCS), Infosys, HCL Technologies (HCL Tech) and Wipro — both on the revenue and margins.
“We are keen on opening this week with eyes set on 18200, but would remain watchful though on approach to 17835, the congestion point discussed on Friday,” Anand James - Chief Market Strategist at Geojit Financial Services, said.
On the weekly time frame, there is a breakout of bullish flag formation which indicates much more potential upside in the coming days. Momentum indicators are also supporting the current bullish momentum.
Jhunjhunwala was among the most influential market voices in Asia’s third-biggest economy, with an intense following among the nation’s growing horde of retail investors. The man also known as “Big Bull” was a fierce backer of the India growth story. His investing success earned him a cult-like following, with news of his trades occasionally sparking...
The Fed since March has delivered a stiff set of interest rate increases in an effort to battle inflation. Some investors have worried that an aggressive pace of rate hikes by the U.S. central bank could push the economy into recession.
CLSA has raised its target price on the stock to Rs 850 from Rs 805 and maintained a buy rating. The brokerage said it’s bullish on the property developer because of its focus on the Bangalore realty market, where housing demand outlook remains strong. CLSA said Sobha generated free cash flows for the seventh straight quarter in April-June, resulting...
We expect Nifty to head towards 17,900 in the truncated week while midcaps could relatively outperform. Use the dips to buy as strong support exist at 17,300. Strength in Indian equities is well supported by a strong correlation with developed market indices.
Jhunjhunwala was the biggest investor in the low-cost airline that started operations last Sunday. His family holds around 45% through three trusts named after his children Nishtha, Aryaman and Aryavir.
Even as larger companies that launched initial public offerings saw their stock prices crashing upon debut, an RBI study finds that IPOs launched by SMEs preceded by a boom market period are more underpriced making a case for more equity funding for SMEs.
Inflation measured by the consumer price index (CPI) eased to 6.7% in July, from 7% in June, but was primarily led by volatile components such as vegetables, edible oil, gold, silver, petrol and diesel.
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