Signals from foreign markets
There are signs of weakness from overseas markets. Yesterday, the 4-day rally of the American stock market was stopped. American stock markets closed lower yesterday. Rising bond yields and the dollar index have added pressure. Inflation rate figures in the US have been higher than expected. The Russell 2000 index lost 2.20% yesterday, its biggest drop since March.Also Read: Do you have a relative living in America? So the chance to earn 8 crores in one fell swoop, you just have to find this one thing
The CPI inflation rate in the US in September was 3.7%. The market expects the CPI rate to remain at 3.6%. The core inflation rate here fell to 4.1% from 4.3% in the month of September. Goldman Sachs has said it does not expect a rate hike in the US. The Fed can continue with its current policy.
Asian markets are under pressure today after China’s inflation data. Japan’s Nikkei index is down 0.13% and South Korea’s Kospi index is down 0.62%. There are also signs of weakness from the Hang Seng and Shanghai Composite.
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Statistics of FIIs-DII
On Thursday, foreign institutional investors raised Rs. 1,862.57 crore worth of shares were sold. While domestic institutional investors have Rs. 1,532.08 crore shares.
Which stocks will be the focus today?
Infosys: The company’s profit in the September quarter was Rs 6212 crore. Revenue has increased by 2.8 percent. EBIT increased by 4.8 percent compared to the previous quarter. EBIT has been better than both the previous quarter and estimates. Constant currency revenue growth was also 2.3 percent, better than both the previous quarter and estimates. The company paid Rs. 18 has also announced a dividend. Attrition rate decreased from 17.3% to 14.6%.
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HCL Tech: The company’s profit rose 8.4% quarter-on-quarter to Rs 3,832 crore in the September quarter. As for the revenue, it also increased by 1.4% to Rs. 26,672 crores. Dollar revenue was $3,225 million. CC revenue growth stood at 1%, while it was expected to be 1.3%. The new deal’s winnings were valued at $3.9 billion.
IRB Infra: The company has signed an agreement for Samkhiyali Santalpur BOT project. The cost of this project is Rs. 2,092 crores.
Mahindra Life: The company has acquired 5.38 acres of land in Wagholi, Pune. The land is said to have development potential with a salable area of 15 lakh square feet.
Angel One: In the July-September quarter, the company’s profit rose 42.6% year-on-year to Rs. 304.5 crores. During this period, the company’s revenue grew by 40.6% to Rs. 1,047.9 crores. EBITDA also increased by 40.1% to Rs 443.3 crore. Annualized margin is 42.3%.
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BGR Energy: The company has received Rs. 112.75 crore order received.
Dr Reddy’s Labs: The US FDA has raised 9 objections to the Hyderabad facility. The investigation took place between October 4 and 12.
Bank of Baroda: The bank has admitted that there are flaws in some accounts on the Bob World app. RBI has accepted the mistakes and acted. Wrong mobile numbers have been found in many bank accounts. The bank is conducting an internal audit following RBI’s objection. The bank has not yet submitted this audit report to RBI.
SJVN: From Rajasthan Rs. 600 crore 100 MW solar power project order has been received.
Paytm: RBI has imposed a penalty of Rs 5.39 crore on Paytm Payments Bank. This penalty is imposed due to violation of KYC norms.
(Disclaimer: The investment advice given here represents the personal views of the experts. Neither News 18 Gujarati nor its management is responsible for the same. Be sure to consult your financial advisor before making any investment.)
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