GAGA Share Market News

[hfe_template id='11223'] [ad_1] Indian benchmark indices Sensex and Nifty50 traded higher on Wednesday, supported by gains in financial and IT stocks, after both U.S. and domestic inflation data for April came in lower than expected. The BSE Sensex jumped 518 points, or 0.64%, to 81,666, while the Nifty50 gained 184 points, or 0.75%, to trade at 24,762 around 10:20 am. U.S. consumer inflation rose 0.2% in April, below the 0.3% increase forecast by economists in a Reuters poll, easing concerns over further interest rate hikes by the Federal Reserve. Meanwhile, India's retail inflation eased to 3.16% in April, the lowest in six years and below the Reuters poll estimate of 3.27%, boosting hopes of a potential rate cut by the Reserve Bank of India. From the Sensex pack, Tata Steel, Bharti Airtel, L&T, Infosys, Tech Mahindra, and Bajaj Finserv were among the top gainers, rising 1–4%. On the other hand, Tata Motors, Asian Paints, Nestle India, IndusInd Bank, and HUL o...

[hfe_template id='11223'] [ad_1] Investors' wealth got wiped out by Rs 8.88 lakh crore in two days of market slump due to profit-taking and growing tensions along the Indo-Pak border following the terror attack at Pahalgam in Jammu & Kashmir. On Friday, the 30-share BSE barometer tanked 588.90 points or 0.74 per cent to settle at 79,212.53. During the day, it dropped 1,195.62 points or 1.49 per cent to 78,605.81. In two days, the benchmark has lost 903.96 points or 1.12 per cent. The market capitalisation of BSE-listed firms declined by Rs 8,88,975.14 crore to Rs 4,21,58,900.91 crore (USD 4.93 trillion) in two days. Experts said worries over growing geopolitical tensions after Tuesday's Pahalgam terror attack weighed on market sentiment. "Benchmark indices extended losses on Friday in a volatile session on rising tensions between India and Pakistan in the aftermath of terror attack in J&K. Live Events "Investors also looked to book profits a...

[hfe_template id='11223'] [ad_1] India’s tech titans, once the darlings of Dalal Street, are now limping into the Q4 results season bruised, battered, and bracing for more pain. With the Nifty IT index already down almost 30% from its peak, the sector is knee-deep in a bear market. And the bears are only getting hungrier. The March quarter results season begins today with Tata Consultancy Services (TCS) kicking things off, but the prelude to the earnings symphony has been anything but melodious, thanks to Trump’s tariff tantrums. Brokerages have gone on a downgrade spree, slashing target prices, cutting revenue estimates, and issuing cautious guidance—a loud signal that Q4 will likely be marred by seasonal weakness, a gloomy Europe, and growing clouds over US demand. “We expect largecaps to have a subdued quarter with all companies likely posting a sequential drop in revenues,” Nomura said, adding that it expects QoQ (quarter-on-quarter) constant currency revenue decline...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices traded flat on Wednesday as gains in metal stocks, following the government's recommendation of a temporary tax on certain steel imports, offset losses in IT stocks ahead of the Federal Reserve's policy decision. The BSE Sensex was trading 34 points, higher at 75,335. The Nifty50 was up 15 points, trading at 22,849 around 9:45 am. From the Sensex pack, Tata Steel, Zomato, NTPC, IndusInd Bank, SBI, and Bajaj Finance were the top gainers, rising up to 2%. Meanwhile, TCS, HCL Tech, Infosys, and Tech Mahindra opened lower. Tata Steel and other metal stocks surged after the Directorate General of Trade Remedies (DGTR) recommended a 12% safeguard duty on the import of certain steel products. CLSA said that the duty and domestic prices in line with import parity will add to the multiple positive catalysts for the sector, such as improving demand outlook due to China stimulus hopes and a rise in capex in Eu...

[hfe_template id='11223'] [ad_1] As the Nifty recorded its worst February month since the Covid, falling by 6%, heavyweight sectors IT, auto and pharma were hit by Trump led worries and the stocks in the three sectors plunged up to 33% during the month. While tech stocks’ decline rode on the fears of economic slowdown in the US, Tesla’s entry into India is making the auto counters edgy. Pharma sector’s woes hinged on reciprocal tariffs. A price analysis of the stocks in the aforementioned sectors reveals the rout. At the index level, Nifty IT is the worst performer in February with 11% monthly fall and all the 10 stocks saw their share price erode in the month gone by. The auto sector benchmark Nifty Auto declined 8% over a month while the Nifty Pharma is down 5%. IT stocks performance snapshot Midcap IT counter Mphasis has fallen by 22% and is followed by LTIMindtree and Tata Consultancy Services (TCS) which are down by 18% and 14%, respectively. Others like Coforge, L...

[hfe_template id='11223'] [ad_1] 1 / 5 Tech Mahindra December Quarter Results Tech Mahindra has garnered mixed reviews from leading brokerage firms following its Q3 results. IT services company Tech Mahindra on Friday reported a 93% growth in consolidated net profit for the quarter ended December 31, 2024. The bottom line stood at Rs 983 crore (attributable to shareholders of the company), compared to Rs 510 crore reported in the same period last year. Also Read: Tech Mahindra Q3 Results: Cons PAT soars 93% YoY to Rs 983 crore, revenue up 1% We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Agencies 2 / 5 Nomura on Tech Mahindra Nomura on Tech Mahindra post Q3 results: Buy | Target Rs 1,900 | LTP Rs 1,658 | Upside 14% Nomura has maintained a Buy rating on Tech Mahindra following its Q3 results, setting a target price of Rs 1,900. At the last traded price (LTP) of Rs 1,658, this implies a potential upside of 14%. Reuters 3 /...

[hfe_template id='11223'] [ad_1] Mumbai: IT major Tata Consultancy Services (TCS) led the rally in large-cap information technology shares, as investors were encouraged by the country's largest software exporter's commentary on the demand outlook after its third-quarter results. The Nifty IT Index gained 3.4% on Friday, led by a 5% jump in TCS shares. The company posted a 12% increase in net profit in the December quarter compared to the previous year. All 10 stocks in the Nifty IT Index closed higher. LTI Mindtree surged 4.6% while Tech Mahindra and HCL Technologies gained over 3.6% and 3.2%, respectively. Infosys and Wipro moved up 2.5% each. Infosys and HCL Tech are scheduled to announce their results next week. "The management commentary on improving demand outlook and deal cycle along with recovery in discretionary spending is a major positive from the TCS results that led to the uptick in the shares today," said Narendra Solanki, head, fundamental...

[hfe_template id='11223'] [ad_1] Indian blue-chip equity indices, the Sensex and Nifty50, reversed their early gains and traded in the red on Friday. While IT stocks gained after TCS met its quarterly profit estimates, the gains were offset by declines in index heavyweight Reliance Industries and banking and financial stocks. The BSE Sensex was trading 217 points, or 0.28%, lower at 77,403. The Nifty50 was down 79 points, or 0.34%, trading at 23,447 around 9:41 am. From the Sensex pack, TCS, Tech Mahindra, Infosys, HCL Tech, and M&M were the top gainers, rising by up to 5% in early trade. Meanwhile, IndusInd Bank, NTPC, Zomato, Power Grid, and SBI opened lower. Tata Consultancy Services posted roughly in-line third-quarter results, marking the start of the earnings season. The company also provided encouraging signs about the revival of client spending, particularly in the key U.S. market, as expected by the street. Meanwhile, IndusInd Bank dropped over 2% and became...

[hfe_template id='11223'] [ad_1] Indian headline equity indices Sensex and Nifty50 opened marginally higher on Thursday, tracking other global peers, after in-line US inflation data reinforced expectations of a Federal Reserve rate cut next week. The BSE Sensex was trading 116 points, or 0.14%, higher at 81,642. The Nifty50 was up 13 points, or 0.07%, trading at 24,659 around 9:27 am. Other Asian markets also ticked higher, with the MSCI Asia ex-Japan index gaining 0.4%. Meanwhile, most Wall Street equities closed higher overnight after data showed the U.S. consumer price index (CPI) rose 0.3% on a monthly basis and 2.7% on a yearly basis in November. The odds of a 25-basis-point Fed rate cut rose to about 99%, up from 89% a day ago, according to CME FedWatch. The Nifty IT index rose 0.83%, led by 1-2% gains in Tech Mahindra, Persistent Systems, Coforge, and Mphasis. Other major indices, including Nifty Bank and Nifty Financial Services, also opened higher. In contrast,...

[hfe_template id='11223'] [ad_1] The Nifty futures closed negative, with losses of 0.10%, at 23,491 levels on Tuesday. The Indian market remained shut on Wednesday, due to a public holiday.On the options front, the maximum Call OI is placed at 24,000, and then at 23,700 strikes, while the maximum Put OI is placed at 23,000, and then at 23,500 strikes. Call writing is observed at 23,900, then at 24,200 strikes, while Put writing is seen at 23,700, then at 23,600 strikes. “Options data suggests a broader trading range between 23,000 and 23,900 zones, with an immediate range between 23,300 and 23,700 levels,” said Chandan Taparia, Head of Equity Derivatives & Technicals, Wealth Management, MOFSL. “Nifty formed a small-bodied bearish candle on the daily chart on Tuesday, with longer upper shadows, and broke the lower lows formation of the last seven sessions,” he added. “Now, until Nifty holds below the 23,500 zones, weakness could be seen towards 23,350, then 23,200 zon...

[hfe_template id='11223'] [ad_1] Shares of Indian IT companies came under pressure during Monday's trading session following comments from Federal Reserve Chair Jerome Powell on Thursday. Powell suggested that the U.S. Federal Reserve is likely to slow down interest rate cuts in the coming months, citing persistent inflation and the need to monitor its trajectory before making further decisions. “The economy is not sending any signals that we need to be in a hurry to lower rates,” Powell said in a speech to business leaders in Dallas. "The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully." Powell emphasized that policymakers still view inflation as being "on a sustainable path to 2%," allowing the U.S. central bank to adjust monetary policy gradually without aiming to slow down the economy. Also Read: FPIs reduce pace of selling in Indian equities in two weeks of November However, the exact n...

[hfe_template id='11223'] [ad_1] IRFC Share Price 155.96 03:59 PM | 31 Oct 2024 0.41(0.27%) Suzlon Energy Share Price 66.95 03:59 PM | 31 Oct 2024 -1.18(-1.74%) IREDA Share Price 210.04 03:59 PM | 31 Oct 2024 -0.18(-0.09%) Tata Motors Share Price 834.05 03:59 PM | 31 Oct 2024 -6.16(-0.74%) YES Bank Share Price 20.4 03:59 PM | 31 Oct 2024 -0.33(-1.55%) HDFC Bank Share Price 1735.7 03:59 PM | 31 Oct 2024 1.11(0.07%) NHPC Share Price 82.6 03:59 PM | 31 Oct 2024 0.57(0.7%) RVNL Share Price 471.8 03:59 PM | 31 Oct 2024 6.45(1.39%) SBI Share Price 820.2 03:59 PM | 31 Oct 2024 -2.25(-0.28%) Tata Power Share Price 440.05 03:59 PM | 31 Oct 2024 13.06(3.06%) Tata Steel Share Price 148.56 03:59 PM | 31 Oct 2024 -0.41(-0.28%) Adani Power Share Price 592.7 03:59 PM | 31 Oct 2024 0.66(0.11%) PayTM Share Price 758.9 03:58 PM | 31 Oct 2024 6.8(0.91%) PNB Share Price 97.9 03:59 PM | 31 Oct 2024 -2.06(-2.07%) Zomato Share Price 241.75 04:00 PM | 31 Oct 2024 -5.1(-2.07%) BEL Share Price 28...

[hfe_template id='11223'] [ad_1] Shares of IT company Tech Mahindra today surged 4% in an intraday session to their new 52-week high of Rs 1,761.30 after the company on Saturday reported a 153.1% year-on-year (YoY) to Rs 1,250 crore for the second quarter, while its revenue rose by 3.5% YoY to Rs 13,313 crore in the said quarter. On a sequential basis, profit and revenue saw growth of 46.81% and 2.36%, respectively. While announcing the quarterly numbers, the Mahindra Group company also declared an interim dividend of Rs 15 per equity share and fixed November 1 as the record date for determining eligibility of shareholders. Here is what analysts say: HDFC Securities: Reduce| Target price: Rs 1,480 Tech Mahindra’s (TECHM) growth and margin trajectory improved yet remain a work in progress. Q2 growth and margin print were slightly ahead of estimates, supported by strong growth in 75% of the portfolio (ex-Manufacturing/Healthcare). The recovery gradient is on the expected l...

[hfe_template id='11223'] [ad_1] Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%, to reach 25,107.65 around 9:48 a.m. From the Sensex stocks, JSW Steel, L&T, Tech Mahindra, HDFC Bank, Tech Mahindra, and Infosys opened with gains, while Axis Bank, Bajaj Finance, UltraTech Cement, Titan, and Bharti Airtel opened with cuts. Wipro shares jumped over 3% at the open after the company announced that its board will consider a bonus share issue in its upcoming meeting on October 17. DMart shares plunged over 9% after the company reported a 5.8% year-on-year (YoY) rise in net profit for the second quarter, falling short of analysts' expectations. On the sectoral front, the Nifty Bank, Auto, F...

[hfe_template id='11223'] [ad_1] Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around 9:20 am. Benchmark indices also opened higher ahead of speeches from Federal Reserve policymakers later in the day, including remarks from Chair Jerome Powell, which could provide further clues on the U.S. rate outlook. The release of the core personal consumption expenditures (PCE) price index - the Fed's preferred measure of inflation - is also due on Friday. Markets are now pricing in a roughly 62% chance of a 50bp cut at the Fed's November policy meeting and see a total of 77bps worth of cuts by the year end. From the Sensex pack, Maruti, Nestle India, Tata Motors, HCL Tech, and Tech Mahindra opened with gains, w...

[hfe_template id='11223'] [ad_1] 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 down 7 points, or 0.03%, trading at 24,803 around 9:19 am. Wall Street shares closed lower overnight, as sentiment turned cautious ahead of Fed Chair Jerome Powell's speech in Jackson Hole after Indian market hours on Friday. Among Sensex stocks, Tata Motors, Reliance Industries, Sun Pharma, HUL, M&M, and Power Grid opened higher, while Infosys, Tech Mahindra, Titan, NTPC, and Tata Steel opened lower. Sector-wise, Nifty IT dropped 0.75%, weighed down by Mphasis, Persistent Systems, and LTIMindtree. Nifty Banks, Financials, FMCG, Media, Metal, Realty, and Consumer Durables also opened lower, while ...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 179.06 04:01 PM | 14 Aug 2024 -2.6(-1.43%) One97 Communications Share Price 538.8 04:01 PM | 14 Aug 2024 32.65(6.46%) YES Bank Share Price 23.99 04:01 PM | 14 Aug 2024 -0.13(-0.5%) ITC Share Price 492.2 03:59 PM | 14 Aug 2024 2.2(0.45%) HDFC Bank Share Price 1607.8 04:01 PM | 14 Aug 2024 4.6(0.29%) Tata Motors Share Price 1062.35 03:59 PM | 14 Aug 2024 8.9(0.85%) Zomato Share Price 260.14 03:59 PM | 14 Aug 2024 3.07(1.2%) Adani Enterprises Share Price 3040.1 04:01 PM | 14 Aug 2024 -52.1(-1.69%) Infosys Share Price 1823.25 03:59 PM | 14 Aug 2024 25.8(1.44%) Reliance Industries Share Price 2923.7 04:01 PM | 14 Aug 2024 -3.56(-0.13%) Adani Power Share Price 674.05 04:01 PM | 14 Aug 2024 -15.46(-2.25%) Vedanta Share Price 420.2 04:01 PM | 14 Aug 2024 -2.16(-0.51%) Indian Renewable Energy Development Agency Share Price 236.2 04:01 PM | 14 Aug 2024 -4.31(-1.79%) NHPC Share Price 93.68 04:01 PM | 14...