The first quarter earnings season is almost coming to an end and as many as 660 companies will announce their quarterly numbers on Tuesday. Key results to watch out include Hindalco, Nykaa, Hero MotoCorp, Apollo Hospitals and IRCTC. Apart from the above, companies like Samvardhana Motherson, Muthoot Finance, SJVN, Max Financial Services, Gujarat Fluorochemicals, Endurance … Read more
Stocks in Asia followed a rebound on Wall Street as investors looked beyond Joe Biden ending his reelection campaign to focus on the start of the tech earnings season. The MSCI Asia Pacific Index snapped a three-day decline, as shares from Japan to South Korea and Australia rose at the open. That followed a 1.1% … Read more
U.S. stocks fell on Wednesday as investors digested minutes of the Federal Reserve’s most recent meeting but Nvidia’s shares rose about 6% after the close on the semiconductor bellwether’s stronger-than-expected revenue forecast. The news also drove gains in other chipmakers. Investors had focused on whether Nvidia’s first-quarter results could meet sky-high expectations and whether the … Read more
Dipan Mehta, Director, Elixir Equities, says “I am not nibbling anywhere. I am just waiting patiently, wherever numbers are not up to expectations, trim a few holdings over there and I seriously expect that this correction could be as deep as 10-12% on the Nifty and the Sensex, who knows? We may even test the … Read more
Into the third day of the earnings season and behind three dozen results including those of Nifty heavyweights Tata Consultancy Services (TCS), Infosys, HCL Technologies and Wipro, Saturday will be relatively calmer with six companies announcing their December quarter earnings. However, Street will be keeping a track of results of Avenue Supermarts, the company which … Read more