Q2 results today: Airtel, Sun Pharma among 173 companies to announce earnings on Monday
Today, 173 companies will disclose their Q2 earnings, including Airtel, Sun Pharma, and Adani Power. Bharti Airtel is anticipated to post robust performance with significant net profit growth, while Sun Pharma is expected to see healthy revenue growth driven by its domestic operations and specialty sales in the US market.
Negative Breakout: Six stocks cross below their 200 DMAs
In the Nifty50 pack, six stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on October 25, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. The 200 DMA is used as a […]
Oil slides on Mideast respite, yen down as Japan govt loses majority
In Japan, the LDP which has ruled for most of the post-war years and junior coalition partner Komeito won 215 lower-house seats at Sunday’s election, public broadcaster NHK reported. This falls well short of the 233 needed for a majority and the yen was squeezed since investors figured any government that emerges is likely to […]
Samvat 2081: Corporate earnings to be key driver
As we enter Samvat 2081 on November 1, market sentiment is challenged by global uncertainties, including the upcoming US elections, Middle Eastern tensions, and signifi cant foreign outfl ows from Indian equities due to a rebound in Chinese markets.
JSW Energy emerges top bidder for KSK Mahanadi Power
JSW Energy emerged as the top bidder for KSK Mahanadi Power, offering Rs 15,985 crore and surpassing Adani Power’s Rs 15,885 crore bid. The auction saw six companies participate with JSW Energy securing the deal. The resolution requires further approval from lenders.
Global funds eye India amid financial shocks
A steady influx of foreign capital has positioned the nation’s bonds among top performers in developing markets this year, while the country’s stock market hit a record high last month, buoyed by robust domestic liquidity. India’s appeal is driven by a blend of structural factors: stable political ties with both the US and Russia, capital […]
Biggest potential for CBDC will be cross-border money transfer
He has also outlined the possible risks – CDBC can create a situation of faster transmission of shocks across countries, can be used for currency substitution and can create capital flow volatility because of faster flow of money across countries; and has stressed on the need for finding technological and systematic solutions for these risks. […]
FMCG Q2 review: Costs, Qcomm surge, climate hit in focus
While the topline performance of companies such as Dabur, HUL and ITC was impacted by the moderation of consumer demand – especially in urban India, it was not so in case of others like Varun Beverages, Godrej Consumer Products (India business), Colgate Palmolive (India), Pidilite and Zomato.
‘Sell on rise’ mood may weaken Nifty further: Analysts
Conversely, if Nifty crosses and sustains above 24,350, it could gain buying momentum, pushing the index towards the 24,500- 24,750 levels. The weekly RSI is moving downward and is positioned below its reference line, indicating a negative bias.
Fall in call market volumes makes transmission of repo rate tricky
The Reserve Bank of India is struggling with rate transmission due to the dominance of other money market segments over the interbank call money market. The primary means to pass on interest rate changes is seeing lower volumes. Most overnight funds are in the Treps market, reflecting a wider participation from financial players.