Indian stock market: On Monday, August 26, the Indian stock market experienced significant gains, with the Nifty 50 and the Sensex rising nearly 1 percent each. This boost came as investors responded positively to US Fed Chair Jerome Powell’s speech at the Jackson Hole conference last Friday. “Nifty Index opened gap up and headed towards …
One of India’s largest IT companies HCL Technologies is expected to report an 6% year-on-year jump in net profit for the quarter ended June 30, 2024, at Rs 3,745 crore, according to average estimates of four brokerages. The revenue is expected at Rs 27,997 crore in the quarter — growth of 6.5% over the corresponding …
Reminding investors once again that Dalal Street is not a one-way street, Sensex fell over 800 points on Wednesday, while Nifty gave up the support at 24,200 to fall more than 1%. Retail investors, who got used to seeing their portfolio going up almost every day, were in for a rude shock as smallcap and …
Nifty earnings are expected to remain flat to up to 4% rise on a year-on-year basis for the quarter ended June 30, 2024, according to estimates by brokerages Kotak Institutional Equities and Motilal Oswal Financial Services (MOFSL). While Kotak sees Nifty universe to report flat (0.6%) earnings on a YoY basis, MOFSL estimates a 4% …
Indian stock market: Continuing their upward trend for the third consecutive session, Indian stock market benchmarks, the Sensex and the Nifty 50, reached new closing highs on Friday, June 7. Despite a sharp 6 percent drop on June 4, market benchmarks have shown solid gains so far in June. The Sensex has risen by about …
Lok Sabha election results 2024: Voters gave a fractured mandate in the 2024 general elections, which threw a negative surprise for the Indian stock market. Domestic equity benchmarks Sensex and Nifty 50 cracked more than six per cent during the vote count. The failure of the Bharatiya Janata Party (BJP) to secure an absolute majority …
The FOMC’s decision to hold interest rates steady at 5.25-5.5% reflects confidence in the US market’s upward economic trajectory. Despite maintaining a forecast of lowering rates to 4.6% by 2024, the latest “dot plot” indicates a shift in expectations, with fewer members anticipating multiple rate cuts this year. With signs of economic resilience and a …
Growth in India’s information technology (IT) sector is expected to bounce back in the next fiscal year, according to experts. However, the recent performance of the country’s top four IT companies in the third quarter has not instilled much confidence, says an ET report.Although IT companies showed little improvement in market confidence following the US …
HCL Tech Q3 results: The Board of Directors of HCL Tech declared an interim dividend of ₹12 per equity share of ₹2 each for FY 24 on Friday, January 12. The Indian IT major, reported a 13.5% sequential growth in its net profit to ₹4,350 crore during the Oct-Dec quarter of the current financial year. …
12 Jan 2024, 05:55 PM IST HCL Tech Q3 Results Live: Revenue stood at ₹28,446 crore HCL Tech Q3 Results Live: The company’s consolidated revenue came in at ₹28,446 crore in the third quarter of FY 23-24. 12 Jan 2024, 05:52 PM IST HCL Tech Q3 Results Live: Net profit at ₹4,350 crore in Oct-Dec …