Get Ready For Sharp Selloff In Sensex, Nifty: Sanjeev Bhasin
Business | Monday September 12, 2016
Indian stock markets are likely to witness a sharp correction in September, said Sanjeev Bhasin, executive vice president (market & corporate affairs) at domestic brokerage IIFL. Talk that the Federal Reserve might be serious about lifting US interest rates as early as next week could hit equities in the short run, he added.
Sensex, Nifty Set For Big Selloff Amid Slide In Global Equities
Business | Monday September 12, 2016
The BSE Sensex and the broader Nifty are set for gap down start on Monday amid a global selloff in equities. The Nifty futures trading on Singapore Exchange (SGX) were down 142 points or 1.6 per cent at 8,766 as of 08.10 a.m., indicating a big selloff in domestic markets today.
TCS Adds To IT Sector Gloom, Shares Slump On Cautious Commentary
Business | Varun Sinha | Thursday September 8, 2016
Tata Consultancy Services (TCS) shares dropped as much as 6.4 per cent on Thursday, after the Mumbai-based IT major said it is witnessing "sequential loss of momentum" in the key banking, financial services and insurance (BFSI) vertical.
Jubilant FoodWorks Shares Slump On Disappointing Q1
Business | Tuesday September 6, 2016
Jubilant FoodWorks shares slumped over 9 per cent on Tuesday, after the food service company reported a 31 per cent fall in June quarter net profit. Jubilant FoodWorks runs the Domino's chain of restaurants in India.
Mindtree Shares Hit 52-Week Low On Q2 Profit Warning
Business | Varun Sinha | Tuesday September 6, 2016
Mindtree shares slumped 7 per cent on Tuesday, following the IT company's warning about lower-than-expected margin and revenue in the September quarter. Mindtree shares traded at their 52-week low today, underperforming the Bombay Stock Exchange's IT sub-index, which was up 0.35 per cent.
Mukesh Ambani's Jio Speech Wipes Out Rs 15,600 Crore In Market Cap For Airtel, Idea
Business | Varun Sinha | Thursday September 1, 2016
Shares of market leader Bharti Airtel fell over 9 per cent, while Aditya Birla Group-owned Idea Cellular shares sank as much as 11 per cent to 52-week low. Together, the two companies shed over Rs 12,000 crore in market capitalization at the day's lows.
Why IT Companies Have Fallen Out Of Favour With Investors
Business | Varun Sinha | Monday August 29, 2016
Investors in IT stocks seem to be on the edge, following the sustained selloff in big IT companies over the last several weeks. On Monday, IT stocks were on track for their third successive decline, with HCL Tech leading the losses in the Nifty50 index.
HCL Tech's First Analyst Meet In 7 Years Drives Shares Higher
Business | Varun Sinha | Thursday August 25, 2016
HCL Technologies outperformed other IT stocks on Thursday, following its first analyst meet in seven years. HCL Tech shares closed 1 per cent higher at Rs 798, outperforming the IT sub-index on the National Stock Exchange that ended 1.12 per cent lower. India's fourth largest outsourcer had on Wednesday announced a new strategy to drive growth.
After Target, Wal-Mart, JC Penny Review Welspun Products; Shares Extend Slide
Business | Varun Sinha | Wednesday August 24, 2016
Welspun India shares were locked down in lower circuit for the third straight session on Wednesday, though in some relief for investors, the stock fell 10 per cent today, following the revision in circuit limit from 20 per cent to 10 per cent.
Why Markets May Love Urjit Patel As New RBI Governor
Business | NDTV Profit Team | Sunday August 21, 2016
Most traders expect the Nifty to open higher on Monday, but the range varies from a mild positive opening to a 50-70-point pop up.
SBI Moves Closer To Merger With Associates, Set To Break Into Global Top 50
Business | Varun Sinha | Friday August 19, 2016
State Bank of India shares jumped nearly 4 per cent on Friday, a day after the lender's board approved the scheme of merger with five associate banks and Bharatiya Mahila Bank (BMB). The merger, announced in May, was approved by the Union Cabinet in June
AB Nuvo, Grasim Extend Losses, Over Rs 10,000 Crore Market Cap Shaved Off
Business | Varun Sinha | Tuesday August 16, 2016
Billionaire Kumar Mangalam Birla's decision to merge Grasim Industries and AB Nuvo, the two subsidiaries of Aditya Birla Group, has not got down well with investors. AB Nuvo shares, which had crashed 25 per cent on Friday, resumed their downward journey today, falling over 6 per cent.
'Fantastic Job, Enjoyed Every Minute': Raghuram Rajan Says Goodbye
Business | Varun Sinha | Tuesday August 9, 2016
Raghuram Rajan on Tuesday described his three-year tenure at the Reserve Bank as "fantastic", adding that he "loved every minute" at the Mint Street. The much admired former International Monetary Fund chief economist is due to step down on September 4 to return to academia in the United States.
First Infosys, Now Cognizant. Bad News Piles Up For IT Sector
Business | Varun Sinha | Monday August 8, 2016
IT stocks have underperformed the broader markets and are likely to come under further pressure following Cognizant's June quarter earnings announcement on Friday.
Can GST Trigger A Record-Setting Rally On Dalal Street? Analysts Divided
Business | Varun Sinha | Tuesday August 2, 2016
Indian stock markets are on a roll, with the BSE Sensex and the broader Nifty50 rising for five straight months. The Nifty has returned 25 per cent gains since February 29 and is just 500 points off from its record high hit in March 2015.
Get Ready For Sharp Selloff In Sensex, Nifty: Sanjeev Bhasin
Business | Monday September 12, 2016
Indian stock markets are likely to witness a sharp correction in September, said Sanjeev Bhasin, executive vice president (market & corporate affairs) at domestic brokerage IIFL. Talk that the Federal Reserve might be serious about lifting US interest rates as early as next week could hit equities in the short run, he added.
Sensex, Nifty Set For Big Selloff Amid Slide In Global Equities
Business | Monday September 12, 2016
The BSE Sensex and the broader Nifty are set for gap down start on Monday amid a global selloff in equities. The Nifty futures trading on Singapore Exchange (SGX) were down 142 points or 1.6 per cent at 8,766 as of 08.10 a.m., indicating a big selloff in domestic markets today.
TCS Adds To IT Sector Gloom, Shares Slump On Cautious Commentary
Business | Varun Sinha | Thursday September 8, 2016
Tata Consultancy Services (TCS) shares dropped as much as 6.4 per cent on Thursday, after the Mumbai-based IT major said it is witnessing "sequential loss of momentum" in the key banking, financial services and insurance (BFSI) vertical.
Jubilant FoodWorks Shares Slump On Disappointing Q1
Business | Tuesday September 6, 2016
Jubilant FoodWorks shares slumped over 9 per cent on Tuesday, after the food service company reported a 31 per cent fall in June quarter net profit. Jubilant FoodWorks runs the Domino's chain of restaurants in India.
Mindtree Shares Hit 52-Week Low On Q2 Profit Warning
Business | Varun Sinha | Tuesday September 6, 2016
Mindtree shares slumped 7 per cent on Tuesday, following the IT company's warning about lower-than-expected margin and revenue in the September quarter. Mindtree shares traded at their 52-week low today, underperforming the Bombay Stock Exchange's IT sub-index, which was up 0.35 per cent.
Mukesh Ambani's Jio Speech Wipes Out Rs 15,600 Crore In Market Cap For Airtel, Idea
Business | Varun Sinha | Thursday September 1, 2016
Shares of market leader Bharti Airtel fell over 9 per cent, while Aditya Birla Group-owned Idea Cellular shares sank as much as 11 per cent to 52-week low. Together, the two companies shed over Rs 12,000 crore in market capitalization at the day's lows.
Why IT Companies Have Fallen Out Of Favour With Investors
Business | Varun Sinha | Monday August 29, 2016
Investors in IT stocks seem to be on the edge, following the sustained selloff in big IT companies over the last several weeks. On Monday, IT stocks were on track for their third successive decline, with HCL Tech leading the losses in the Nifty50 index.
HCL Tech's First Analyst Meet In 7 Years Drives Shares Higher
Business | Varun Sinha | Thursday August 25, 2016
HCL Technologies outperformed other IT stocks on Thursday, following its first analyst meet in seven years. HCL Tech shares closed 1 per cent higher at Rs 798, outperforming the IT sub-index on the National Stock Exchange that ended 1.12 per cent lower. India's fourth largest outsourcer had on Wednesday announced a new strategy to drive growth.
After Target, Wal-Mart, JC Penny Review Welspun Products; Shares Extend Slide
Business | Varun Sinha | Wednesday August 24, 2016
Welspun India shares were locked down in lower circuit for the third straight session on Wednesday, though in some relief for investors, the stock fell 10 per cent today, following the revision in circuit limit from 20 per cent to 10 per cent.
Why Markets May Love Urjit Patel As New RBI Governor
Business | NDTV Profit Team | Sunday August 21, 2016
Most traders expect the Nifty to open higher on Monday, but the range varies from a mild positive opening to a 50-70-point pop up.
SBI Moves Closer To Merger With Associates, Set To Break Into Global Top 50
Business | Varun Sinha | Friday August 19, 2016
State Bank of India shares jumped nearly 4 per cent on Friday, a day after the lender's board approved the scheme of merger with five associate banks and Bharatiya Mahila Bank (BMB). The merger, announced in May, was approved by the Union Cabinet in June
AB Nuvo, Grasim Extend Losses, Over Rs 10,000 Crore Market Cap Shaved Off
Business | Varun Sinha | Tuesday August 16, 2016
Billionaire Kumar Mangalam Birla's decision to merge Grasim Industries and AB Nuvo, the two subsidiaries of Aditya Birla Group, has not got down well with investors. AB Nuvo shares, which had crashed 25 per cent on Friday, resumed their downward journey today, falling over 6 per cent.
'Fantastic Job, Enjoyed Every Minute': Raghuram Rajan Says Goodbye
Business | Varun Sinha | Tuesday August 9, 2016
Raghuram Rajan on Tuesday described his three-year tenure at the Reserve Bank as "fantastic", adding that he "loved every minute" at the Mint Street. The much admired former International Monetary Fund chief economist is due to step down on September 4 to return to academia in the United States.
First Infosys, Now Cognizant. Bad News Piles Up For IT Sector
Business | Varun Sinha | Monday August 8, 2016
IT stocks have underperformed the broader markets and are likely to come under further pressure following Cognizant's June quarter earnings announcement on Friday.
Can GST Trigger A Record-Setting Rally On Dalal Street? Analysts Divided
Business | Varun Sinha | Tuesday August 2, 2016
Indian stock markets are on a roll, with the BSE Sensex and the broader Nifty50 rising for five straight months. The Nifty has returned 25 per cent gains since February 29 and is just 500 points off from its record high hit in March 2015.
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