Markets

Infosys share price top Sensex loser today, tumbles over 5% intraday; why Infosys stock is falling

Infosys share price tumbled as much as 5.6 per cent intraday to Rs 1,320.35 apiece on BSE on Thursday, a day after IT giant posted 17 per cent on-year rise in net profit in the January-March quarter.

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S&P 500 earnings expected to surge 17.7% on year from pandemic lows; these sectors may lead recovery

Wall Street listed companies are set to bounce back strongly after the sharp 14.7% fall in earnings reported in the first quarter of 2020.

NASDAQ, Dow Jones, S&P 500

Gold prices edge higher, still down Rs 9,400 per 10 gm from record high; silver rates gain

Gold prices were trading higher in India on Thursday, following the international spot prices.

MCX gold, silver, gold price

Petrol and diesel price today 15 April 2021: Fuel rates cut after 15 days; check price in Mumbai, Delhi here

Petrol and Diesel Price Today in India: Petrol and Diesel rate on April 15 were cut for the first time after having remained steady for 15 days. Price of petrol in Delhi was 16 paise cheaper today.

Petrol and Diesel Price in India, Petrol and Diesel Rate Today in India

Infosys, Wipro, Bharti Airtel, Sterlite Technologies, HDFC Bank, Coal India stocks in focus

Nifty futures were trading 111.50 points or 0.75 per cent down at 14,663.50 on Singaporean Exchange.

Infosys, Wipro, Bharti Airtel, Sterlite Technologies, Coal India

Downgrade Dr Lal PathLabs to ‘reduce’ with TP at Rs 2,333

DLPL stock has significantly outperformed its peers and the broader market since the start of the pandemic. Since mid-Feb 2020 (when fear pandemic started), the stock is up 106% against a Nifty return

dr lal path labs

Analyst Corner: Downgrade Eicher Motors to ‘hold’ with TP at Rs 2,600

Eicher stock has performed well in the past one year, up 90% since its Covid-19 trough (April 2020). This has been driven by a creditworthy business performance.

eicher

Will Sensex, Nifty move higher or will bears revisit D-Street? 5 things to know before opening bell

Domestic stock markets resume trading after a brief halt on Wednesday. Sensex currently sits at 48,544 points, recouping some of Monday’s losses. Nifty 50, on the other hand, is settled in at 14,504

Stock market

Market HIGHLIGHTS: Sensex ends 260 pts up, tops 48,800, Nifty at 14,581; TCS jumps 4%, Infosys down 2.5%

Share Market News Today | Sensex, Nifty, Share Prices HIGHLIGHTS: Domestic equity market benchmarks BSE Sensex and Nifty 50 ended in positive territory on weekly options expiry on Thursday

Share Market Today, Share Market Live

March quarter: Infosys reports sedate numbers

Gives revenue guidance of up to 14% for FY22

Infosys’ ebit margin of 24.5% was lower by 100 basis points sequentially the result of wage hikes while the ebit (earnings before interest and tax) came in at Rs 6,440 crore.

5paisa to raise Rs 250.78 crore

The board of directors has approved raising of capital at Rs 500 per equity share, which is at a 70% premium to Tuesday’s market price of Rs 293 per share.

The business has been witnessing rapid growth. In the midst of growing number of players, 5paisa has carved out a robust customer franchise.

Zomato converts into public company from private limited co ahead of IPO

The name of the company has been changed to Zomato Limited from Zomato Private Limited, the filings showed.

The company has been on a fundraising spree, garnering about $910 million from a clutch of investors through 2020 and early 2021. The firm’s valuation currently stands at $5.4 billion.

Soybean meal exports likely to cross 18 lakh tonne this season

The poultry industry has sought a duty-free import of 12 lakh tonne of soybean to meet its demand. According to Jain, the poultry and aquaculture industry needs 50 lakh tonne of soybean meal annually.

Soybean prices have crossed Rs 6,500-7,000 per quintal in key markets in Maharashtra and other states.

Auto-fuel prices seen rising after elections to support OMC margins

The marketing margin of around Rs 3.5 per litre in Q4FY21 is the lowest encountered by OMCs in the last nine quarters and with production cuts by OPEC+ and vaccine rollout supporting demand, the margi

On Wednesday, retail petrol price in Delhi was Rs 90.56/litre, as rates kept falling since March 24 from the all-time high level of Rs 91.17/litre.

Coinbase on Nasdaq: What the landmark listing means for Indian crypto startups, investors, ecosystem

The milestone would also allow crypto bulls to advocate even more affirmatively for digital assets' proliferation. Among the most prominent and largest crypto exchanges, Coinbase was launched in 2012

Govt to sell 20 pc in NFL, 10 pc in RCF via offer for sale

At the prevailing market prices, sale of 20 per cent stake in NFL would fetch about Rs 500 crore, while 10 per cent in RCF would garner around Rs 400 crore to the exchequer.

Infosys declares Rs 15 per share final dividend; Q4 results meet estimates, net profit up 17% on-yr

IT bellwether Infosys on Wednesday announced that its Board of Directors has recommended a final dividend of Rs 15 per share, subject to the approval of shareholders.

infosys Q4, infosys results, infosys Q4 results

Infosys to buy shares at 25% premium to current price; approves Rs 9,200 crore buyback plan

This is the third buyback announced by Infosys in a space of five years.

Infosys

Is it time to trim exposure in volatile stocks and shift to defensives?

While high volatile stocks exposes investors to more risk, the less volatile stocks keep the risk factor in check.

sensex, nifty, stock market

Rupee falls over 2% against US dollar YTD; Q4 results, assembly elections may fuel volatility in INR

Till mid-March, Rupee was on a stronger foot against its peers with a positive return for 2021. Traders were attracted by stable currency outlook.

Vaccine approval positive for Dr Reddy’s but should you inject your portfolio with Sputnik V?

With Sputnik V covid-19 vaccine getting the Emergency Use Authorisation (EUA), Dr Reddy’s Laboratories stands to benefit after having secured exclusive marketing and distribution rights for the firs

stock market, dr reddys

Discount broker 5paisa.com to raise Rs 250 cr from warrants, preferential issue

The investment will be made by Ward Ferry, Fairfax and RIMCO, along with the promoter group, which includes IIFL's Nirmal Jain, Madhu Jain and R Venkataraman, an official statement said.

funds

Fundraising through public issues more than doubled in FY21

In terms of numbers, FY21 witnessed 55 initial public offerings (IPO) and one follow-on public offer (FPO), the ministry said in a statement. In the fiscal, 21 rights issues were successfully complete

money

Infosys Q4 results: Strong revenue growth likely, salary hikes may hit margins; 5 things to watch out for

IT bellwether Infosys is scheduled to announce its fourth-quarter results later today. The company will also consider a final dividend for FY21 along with a proposed share buyback.

Infosys Q4 results, Infosys Q 4 results 2021

Equity mutual funds record net outflows first time in seven years in FY21 despite 67% surge in AUM

With eight months of consecutive outflows in financial year 2021, investors turned net sellers of equity mutual funds for the first time in seven year.

mutual funds, Securities and Exchange Board of India, SEBI, COO of Groww , Aamfi's data, nvestment and equity-linked saving scheme

Rakesh Jhunjhunwala raises stake in Fortis Healthcare; share price rallies 30% in Jan-Mar 2021

Ace investor Rakesh Jhunjhunwala has raised his stake in Fortis Healthcare in the January-March quarter of the year 2021.

Rakesh Jhunjhunwala, big bull, fortis healthcare

Asian stock markets advance after new Wall Street high

Tech and consumer stocks gained on optimism the vaccine rollout will allow business activity to return to normal.

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