Latest News

An upswing in the global markets is likely to impact the investors back home today who will also track corporate results, macro data and stock-specific action for further cues. All eyes will be on Infosys today which is scheduled to announce its December quarter numbers later in the day. The IT service provider is expected to post revenue growth of 0.9 per cent to 2.1 per cent on a sequential basis for the quarter ended December 31. This could mainly be on account of the company’s cross-currency gains and business transfer of Eishtec in Ireland. On the macroeconomic front, the industrial production data for November will be announced today. In stock-specific action, Bharti Airtel's fundraising exercise was subscribed by more than three times, garnering pledges of over $10 billion. YES Bank will also be in focus ahead of today's board meet to consider and approve the right issue of equity shares, issue of warrants and the preferential issue of shares. Read Complete ...

The news overnight on the US-Iran front is set to push the domestic indices higher today as oil prices recede to their cheapest level since mid-December. The United States and Iran backed away from the brink of further conflict in the Middle east as US President Donald Trump said Iran’s missile strikes had not harmed any Americans and that Tehran appeared to be "standing down". On its part, Iran has offered no immediate signal it would retaliate further to the January 3 strike. Oil reversed its gains and now sits cheaper than it was before the killing of the Iranian commander, Qassem Soleimani. Brent futures nursed overnight losses of 4 per cent to trade at $65.44 per barrel. Besides this, investors will now shift their focus to the December quarter results and pre-Budget newsflow. Stock-specific development, the Rupee's trajectory, and foreign fund flows will also affect sentiment. Shares of Bharti Airtel will be in focus today as the wireless telephony majo...

Podcast News : Geopolitical developments in the Middle East, crude oil prices, and December quarter results will be the major driving factors for the Indian equity indices this week. Global markets were thrown into fresh turmoil on Friday after top Iranian commander Qasem Soleimani was killed in a US drone strike in Iraq. The risk of possible retaliation from Iran is expected to keep the crude prices and the Rupee's level volatile which will have a direct bearing on the equity markets. The earnings season kicks off this week with Infosys announcing its December quarter numbers on Friday and Avenue Supermarts on Saturday. On the macroeconomic front, PMI data for the services sector for December will be released today and industrial production data for November will be announced on Friday. Read Complete Article

Podcast News : Surging global indices and some positive data points back home may help perk up investor sentiment in today's session. Market participants, though, will also look at stock-specific developments and any pre-budget news flow for further clues. In stock-specific news, the government is unlikely to complete the strategic sale of Bharat Petroleum Corporation (BPCL), Container Corporation of India (Concor), and Air India by March-end, according to a Business Standard report. The stocks of the first two companies will react to the development. Besides, Oil and Natural Gas Corporation (ONGC) walked away with all the seven oil and gas blocks on offer in the fourth round of Open Acreage Licensing Policy (OALP). In another development, the Reserve Bank will carry out another round of special simultaneous open market operation to buy and sell government bonds of Rs 10,000 crore each on Monday. Read Complete Article

Podcast News : Investors will look at macro data, auto sales numbers, and global factors for cues today. The overall trading volume in the markets is set to pick up as most global markets reopen from holiday closures Stocks of automobile companies will react to sales data for the month of December. Yesterday, Tata Motors reported a 12 per cent decline in total vehicle sales in domestic market to 44,254 units in December. The company had sold 50,440 units in the same month in 2018. The stock will react to the sales numbers today. Besides this, shares of channels and operators will also react to the new Trai order according to which cable operators will have to provide 200 channels for Rs 153. Trai has also reviewed the pricing of channel bouquets compared to a la carte ones. Market participants will also await the release of Markit Manufacturing PMI for December which will be released later in the day. They will further track the oil and Rupee's trajectory, stock-specific...

Podcast News : Investors' concern over fiscal slippage and contraction in core sector is likely to dominate today's session while the progress in the US-China trade deal might offer some relief. Fiscal deficit of the Union government rose to 114.8 per cent of the target in the first eight months of the fiscal year, data released by the Controller General of Accounts showed. The gap between the government’s revenue and spending stood at Rs 8.07 trillion at the end of November — 13 per cent more than the full-year target. Secondly, the output of eight core sectors of the economy fell for a third straight month in November, contracting by 1.5 per cent as key sectors like refinery products and electricity continued to see slow growth or contraction. In today's session, infra stocks will be in focus after Finance Minister Nirmala Sitharaman yesterday announced plan to provide Rs 102 trillion infra-push over the next five years Automobile companies will also react to...