Stocks to watch today: Electronics Mart will make its debut on the bourses today. As per IPO Watch, the company could list with a healthy premium of up to 50% over issue price of Rs 59 apiece
Stock markets will be guided by the ongoing quarterly earnings season and global factors, analysts said, adding that foreign fund movement would also play a crucial role in dictating the terms. Besides, movement of the rupee and trend in international oil benchmark Brent crude will also influence trading, they added. "Market will look for direction from Q2 earnings and global cues. This week many financial and cement companies will come out with their Q2 results. Global markets are quite volatile, which may lead to volatility in our market as well," said Santosh Meena, Head of Research, Swastika Investmart Ltd. In terms of global factors, macro numbers from the United States and China will be important, Meena said. Movement of the US bond yields, dollar index and crude oil will be other global factors to watch out for, Meena added. It will be important to see institutional flows from here on. "Earnings and global cues will dictate the trend this week. First, participants will reac
Dip in dollar, bonds, and oversold markets boost global equities
In Q2FY23, Federal Bank also recorded its highest ever net interest income of Rs 1,762 crore, which was up 19 per cent YoY
In August, BofA had revised its Nifty target upwards twice citing reduction in macro uncertainty
Gold's outperformance over equity has been even better in the international market, thanks largely to a big sell-off in equities in advanced economies such as the US and Western Europe
Gains in Reliance Industries, HDFC, HDFC Bank, Kotak Bank, HUL, and ITC helped indices bounce back
Analysts said that half of the BSE 500 firms trading below 200-DMA clearly indicates that market sentiment isn't strong and there is heightened selling pressure in the broader markets
Infosys Q2 results preview: The company's margins are expected to improve by around 30 basis points (bps) on a quarterly basis (QoQ) to 20.3 per cent vs 20.1 per cent in Q1FY23 and 21.5 per cent in Q4
TCS Q2 earnings review: Its attrition inched up to 21.5 per cent over the preceding quarter's 19.7 per cent. It said the quarterly annualized attrition has peaked in Q2 and should taper down from here
HCL Tech Q2 results preview: Its net profit may rise by as much as 6 per cent YoY. The company's EBIT margins will likely improve by 20-60 basis points to 17.6%
Wipro Q2 results preview: Its margins will likely be weak over the last year, but may improve on a quarterly basis by 20-30 basis points (bps) to 15.3 per cent
Tracxn Technologies IPO review: Attrition continues to remain at elevated levels. The company's bottom-line performance has been disappointing in the last three years. It turned profit positive in Q1
'India will be an outperformer this year and that has panned out in spite of the currency epreciation'
Poor Nifty debut week for Adani Ent Shares of Adani Enterprises are down nearly 6 per cent since September 30, the day it got added to the Nifty50 index
The US is still the biggest contributor to global m-cap at 44 per cent, followed by China at 10.2 per cent
They turn cautious and prefer defensive bets
TCS Q2 preview: The company's EBIT margins are likely to improve by 40-118 basis points on a quarterly basis due to improved pricing, operating leverage, and absorption of wage hikes
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Among Sensex shares, Tata Steel, Larsen & Toubro, ICICI Bank, HCL Technologies, Infosys and Axis Bank were among the winners