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Equity markets this week will take cues from global trends, trading activity of foreign investors and quarterly earnings, with TCS kick-starting the results calendar on Thursday, analysts said. Macroeconomic data announcements and the rupee-dollar trend would also dictate market trends, experts noted. "The Q3 FY25 earnings season will begin this week, with IT giants and leading financial institutions set to announce their results. TCS and Tata Elxsi will declare results on Thursday, January 9, 2025. Investors will closely monitor individual stock performances. "Following the earnings season, markets' focus is expected to shift towards the upcoming Union Budget and the policy decisions of the Trump 2.0 administration," Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd, said. Foreign institutional investors (FIIs) have been net sellers, while domestic institutional investors (DIIs) have been actively buying. This ongoing tug-of-war between FIIs and DIIs is likely to pla
Six of the top-10 most valued domestic firms suffered a combined erosion of Rs 1,02,280.51 crore in market valuation last week, amid a weak trend in equities, with Reliance Industries taking the biggest hit. Last week, the BSE benchmark fell 405.21 points or 0.63 per cent amid a bearish trend in global equities and concerns over rate hikes by central banks of various countries. From the top-10 pack, Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India faced erosion from their market capitalisation (mcap). However, Tata Consultancy Services (TCS), HDFC Bank, HDFC and Bharti Airtel emerged as the gainers. The market valuation of Reliance Industries tumbled Rs 40,695.15 crore to Rs 17,01,720.32 crore. Hindustan Unilever's mcap diminished by Rs 17,222.5 crore to Rs 6,20,797.26 crore. State Bank's valuation fell by Rs 14,814.86 crore to Rs 4,95,048.22 crore and that of Infosys declined by Rs 11,204.66 crore to Rs 5,25,228.89 crore. The mcap of ITC
Benchmark indices finished on a weak note on Thursday, extending their previous day's decline amid a negative trend in global equity markets after the US Fed hiked interest rates by 75 basis points. The 30-share BSE Sensex declined 69.68 points or 0.11 per cent to settle at 60,836.41. During the day, it tanked 420.95 points or 0.69 per cent to 60,485.14. Similarly, the broader NSE Nifty dipped 30.15 points or 0.17 per cent to end at 18,052.70. From the Sensex pack, Tech Mahindra, PowerGrid, NTPC, Infosys, Wipro, HDFC, Tata Consultancy Services and Mahindra & Mahindra were the major laggards. State Bank of India, Titan, Bharti Airtel and Hindustan Unilever were among the winners. Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong ended lower. Stock exchanges in Europe were trading in the negative territory in mid-session deals. Wall Street had ended significantly lower on Wednesday. "Fed's refusal to tone down the rate hike narrative shattered the global markets as ...
Global shares were mostly higher on Monday as investors kept their eyes on a weeklong Communist Party congress in China. France's CAC 40 added 0.5 per cent in early trading to 5,961.27. Germany's DAX gained 0.5 per cent to 12,498.72. Britain's FTSE 100 rose 0.5 per cent to 6,894.84. The future for the Dow industrials was up 0.7 per cent, while the contract for the S&P 500 gained 0.9 per cent. Britain's new Treasury chief was due on Monday to announce details of his tax and spending plans Monday, two weeks ahead of schedule, in a bid to calm markets roiled by the government's economic policies. Chancellor of the Exchequer Jeremy Hunt was expected to ditch more of the measures announced by the government of Prime Minister Liz Truss on September 23. Since then, the prime minister's libertarian economic policies have triggered a financial crisis, emergency central bank intervention, multiple U-turns and the firing of her Treasury chief. In Asia, the meeting of China's ruling Communi