HDFC Bank, RIL lift Sensex over 100 points higher, Nifty above 24,550
Indian benchmark equity indices Sensex and Nifty50 opened marginally higher on Thursday, led by index heavyweights HDFC Bank, RIL, and IT stocks, amid in-line US inflation data boosted expectations of a Federal Reserve rate cut in December. The BSE Sensex was trading 111 points, or 0.14%, higher at 77,801. The Nifty50 was up 32 points,…
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HUL shares in focus on Q2 earnings, Rs 29/share interim dividend
Shares of Hindustan Unilever (HUL) are likely to remain in focus on Thursday following a 4% fall in its standalone net profit for the quarter ended September 2024 to Rs 2,612 crore versus Rs 2,717 crore posted in the year-ago period. On Wednesday the FMCG major reported revenue from operations at Rs 15,319 crore, which…
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ACC shares in focus ahead of Q2FY25 earnings. Hereβs what to expect from this Adani Group company
Shares of Adani Group owned ACC Limited are expected to be in focus on Thursday ahead of the company’s Q2FY25 earnings announcement. The cement maker could report an year-on-year and sequential loss in its revenue and net profit figures, according to estimates by a couple of brokerages. Sharekhan has estimated ACCβs net sales figures at…
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Sensex, Nifty trade lower as investors stay on sidelines ahead of US Fed meet
With traders keeping their cards close to their chests as the two-day crucial meeting of the US Fed begins tonight, Sensex and Nifty opened on a muted note with buying seen in FMCG stocks. Britannia, Tata Consumer and HUL were trading 1% higher each while Tata Motors fell over 2% after 1.9 crore shares of…
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Sebi chief Madhabi Puri Buch in trouble. 4 major allegations against ‘Unilever wife’
Trouble for markets regulator Sebi Chairperson Madhabi Puri Buch, which began with American short-seller Hindenburg making some serious allegations against the “Unilever wife” in the Adani controversy, is increasing with each passing day. By now, there are complaints against the IIM-Ahmedabad alumnus from all four sides – international (Hindenburg), domestic (Zee’s Subhash Chandra), internal (employee…
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ITC, HUL and Dabur among 11 stocks with buy view from brokerages post Q1 earnings
The FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks…
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sensex news: Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
Domestic equity indices Sensex and Nifty opened flat on Friday, reflecting a pause in the global equities rally ahead of the Federal Reserve Chair Jerome Powell’s address later today, as markets await confirmation of U.S. rate cuts starting in September. The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was…
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Only 30 smallcap stocks offer double-digit weekly returns in a week marred by uncertainty
Indian markets experienced a marginal recovery from the uncertainties arising from concerns about the unwinding of carry trades, driven by the Yen’s rapid appreciation and weak macroeconomic data that fuelled recession fears in the US. However, indices closed the week in red, losing over 1% each. During the week, only 30 smallcap companies offered double-digit…
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HUL: HUL needs rural spark, lower input costs to drive volume push
Mumbai: Announcing its June quarter results after the close of the market session on the budget day, FMCG bellwether HUL posted a subdued performance, with a 1.6% increase in revenue and a 2.7% increase in net profit. The operating profit margin stood at 23.8% – 20 basis points higher than the year-ago level. One basis…
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Tech picks: DMart, HUL among 5 stocks to buy for robust returns in the short term – Solid Bets
Indian Railway Finance Corporation Share Price 205.31 11:27 AM | 22 Jul 2024 -0.47(-0.23%) One97 Communications Share Price 450.5 11:27 AM | 22 Jul 2024 -8.25(-1.8%) YES Bank Share Price 25.31 11:27 AM | 22 Jul 2024 0.54(2.19%) ITC Share Price 467.5 11:27 AM | 22 Jul 2024 -7.06(-1.49%) HDFC Bank Share Price 1639.75 11:27…
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