Indian shares are set to open marginally higher on Friday, with focus on IT stocks after Tata Consultancy Services kicked off the earnings season for local tech majors on a dour note as it reported a quarterly profit miss. The Gift Nifty was trading at 25,102, as of 8:24 a.m. IST, indicating that the benchmark … Read more
Asian shares were headed for the first weekly loss in five as the stunning rally in Chinese shares took a breather, although all eyes are on the details of the much-anticipated fiscal stimulus from Beijing this weekend. Overnight, data showed core U.S. consumer inflation came in at 0.3% in September, slightly hotter than expected, which … Read more
The U.S. dollar fell from two-month highs hit overnight versus its major peers after signs of weakness in the labour market boosted the case for quicker Federal Reserve rate cuts. Despite that, the dollar on Friday remained on track for a second straight weekly advance after surprisingly strong monthly payrolls figures last week prompted traders … Read more
Driven by India’s inherent strengths and a strong policy framework that encourages investment and exports, the textiles sector in the country is expected to grow to $350 billion by 2030, the Centre said on Thursday. The textiles sector is set for significant expansion, with an 11 per cent growth in ready-made garments (RMG) of all … Read more
The FIIs as per Thursday's data were net sellers in equity segments, while net buyers in debt segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 12824.15 crore against gross selling of Rs 16503.41 crore. Thus, FIIs stood as net sellers of Rs 3679.26 crore in equities. … Read more
Tata Consultancy Services (TCS) on Thursday posted Rs 11,909 crore in net profit — a drop of 1.1 per cent quarter-on-quarter but a 5 per cent growth year-on-year — for the July-September period (Q2) this fiscal. The revenue of the IT services major rose to Rs 64,259 crore, a YoY growth of 7.6 per cent, … Read more
Indian shares ended marginally higher on Thursday as a drop in information technology stocks weighed on gains in financials, while markets awaited a key U.S. inflation report. The Nifty 50 index rose 0.07% to 24,998.45, while the S&P BSE Sensex added 0.18% to 81,611.41. The indexes rose about 0.6% each earlier in the session. IT … Read more
Power Grid Corporation of India is currently trading at Rs. 333.60, up by 3.85 points or 1.17% from its previous closing of Rs. 329.75 on the BSE. The scrip opened at Rs. 330.85 and has touched a high and low of Rs. 338.00 and Rs. 330.10 respectively. So far 278673 shares were traded on the … Read more
Leading industry chambers on Thursday remembered Ratan Tata as a leader, nation builder, philanthropist, a global entrepreneur and much more. Chandrajit Banerjee, Director General, Confederation of Indian Industry (CII) said his kind, soft and gracious nature, in spite of his stature, was inspirational and rare. “His advice to us at CII was always insightful … Read more
Diamond Power Infrastructure is currently trading at upper limit of Rs. 1433.25, up by 68.25 points or 5.00% from its previous closing of Rs. 1365.00 on the BSE. The scrip opened at Rs. 1430.00 and has touched a high and low of Rs. 1433.25 and Rs. 1430.00 respectively. So far 1526 shares were traded on … Read more