Friday, January 10, 2025 | 12:49 PM ISTEN Hindi

MARKET WRAP: Indices end flat, Sensex slips 38 pts; Airtel rebounds, up 3%

All that happened in markets today.

SI Reporter New Delhi

Mumbai Police's Economic Offences Wing fresh notices to 300 NSEL brokers

8:41 AM

Maruti Suzuki Q2 preview | Poor quarter in the offing, profit may halve

The overall slump in the auto sector marked by plummeting volumes will impact the September quarter results of India's largest carmarker Maruti Suzuki which is scheduled to be announced later in the day. Analysts expect the company's net profit to almost halve from the year-ago levels while margins may also dip around 10 per cent.

Brokerage house ICICI Securities said that Maruti's Q2 performance is in line with the overall performance of the auto sector where "pain prevailed across segments and geographies in the sector as retail demand failed to pick up, with the resulting bloated inventory levels then impacting wholesale dispatch volumes adversely". READ FULL PREVIEW HERE

8:38 AM

Assembly Election Results Update

8:34 AM

India Inc Q2 earnings start on positive note, tax rate cut boosts profit

The July-September 2019 quarter (Q2) earnings season has started on an optimistic note for corporate India. Excluding the exceptional gains and losses, the combined net profit of 200 companies that have declared their results so far is up 15 per cent year-on-year (y-o-y), while profit before tax (PBT) has risen by a higher rate of 20.7 per cent, thanks to the cut in tax rates.

In comparison, net profit was up 23.3 per cent in the year-ago period and 20.1 per cent during the April-June 2019 quarter. READ MORE

8:28 AM

Infosys share sell-off weighs on all 5 IT funds, ICICI Pru Tech worst hit

ICICI Prudential Technology, which had 44 per cent exposure to Infosys, saw its NAV slip 7.28 per cent. For Birla Sun Life Digital Fund, the impact was 5.16 per cent (27 per cent exposure to Infosys), while for SBI Technology Opportunities Fund, the NAV slipped 6.16 per cent (35.69 per cent exposure). Franklin India Technology Fund, which had 25 per cent exposure to Infosys, took a 4.7 per cent dip in its NAV. READ MORE

8:20 AM

Too little, too late? Merger unlikely to revive BSNL and MTNL, say analysts

The government’s proposed decision to merge state-owned telecom companies Mahanagar Telephone Nigam Limited (MTNL) and Bharat Sanchar Nigam Limited (BSNL), announced after market hours on Wednesday, has come too late and might not meaningfully revive both companies, say analysts. They, however, believe that the proposed measure will create some competition for private players and contain operational costs. READ MORE

8:16 AM

Nifty outlook and top trading ideas by CapitalVia: Buy Canara Bank, BoB

Market traded in range ahead of weekly expiry; Buy every dip keeping keen eye at 11,500

Markets traded higher on Wednesday on firm global cues. Markets traded in the narrow range of 11,600 to 11,700 ahead of expiry. Nifty managed to hold 11,600 which will act as crucial support for the next trading session. Nifty closed at 11,604.10 adding 15.70 points. Automobiles, PSU banks and IT stocks traded with positive sentiments throughout the day and gained most among indices. Nifty bank closed at 29,459.60 adding 48.40 points positive from the previous day’s closing. READ MORE

8:13 AM

NEWS ALERT | India among others who implemented 59 regulatory reforms in 2018/19: World Bank

(As reported by CNBC TV18)

8:11 AM

NEWS ALERT | 'Make in India' focused on bringing FDI, enhancing overall competitiveness: World Bank

-- India made starting a business easier by abolishing filing fees

-- India streamlined process, reduced time & cost for construction permits

(As reported by CNBC TV18)

8:09 AM