DIRS.INFO The most relevant business & tech news

☆ Indian shares open lower, weighed down by China, rate worries
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 21 (Reuters) - India's shares opened lower on Monday, dragged down by auto, IT and consumer stocks, while the likelihood of tighter U.S. monetary policy and worsening COVID-19 infection numbers in China weighed on sentiment. The S&P BSE Sensex (.BSESN) shed 0.57% to 61,309.82 as of 0348 GMT, while the NSE Nifty 50 index (.NSEI) lost 0.51% to 18,214.45. The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1.25%Oil prices hovered at two-month lows, in part due to concerns over China's demand. Foreign institutional investors sold 7.51 billion Indian rupees ($91.79 million)($92 million) worth of equities on Friday, while domestic investors bought 8.90 billion rupees ($109 million) of shares, per provisional NSE data. ($1 = 81.8200 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ A year out from Nasdaq's peak, it's been brutal for tech stocks and the pain's not over
▼ + stars: | 2022-11-18 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

"Leadership has shifted away from the tech sector and FANMAG. Two major challenges for tech names Clissold said the tech sector is facing two major challenges. Stockton said the peak in the Nasdaq last November was also the peak of its outperformance versus the S & P 500. The tech sector outperformed the S & P 500, but it was the materials sector that led the index higher, up about 19%. However, the S & P 500 has been up just 20%.

☆ Indian shares down on concerns over Fed's rate posture
▼ + stars: | 2022-11-17 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +2 min

BENGALURU, Nov 17 (Reuters) - Indian shares slipped on Thursday, mirroring the weakness in Asian peers, amid growing signs that the Federal Reserve might not temper its aggressive monetary policy anytime soon. Meanwhile, Asia-Pacific shares ex-Japan (.MIAPJ0000PUS) slid a steeper 1.47%, with analysts pinning the smaller drop in local equities to India's fiscal health and economic growth prospects. San Francisco Fed President Mary Daly even said a pause was off the table. The Fed's stance could trigger "bouts of volatility," said Prashanth Tapse, vice president of research at Mehta Equities. "Traders are not uncomfortable with the high valuation of Indian markets, hence periodic profit-taking will continue."

☆ 'The Santa Clauses' review: Tim Allen loads up the sleigh again for Disney+ series
▼ + stars: | 2022-11-15 | by ( Review Brian Lowry | ) edition.cnn.com time to read: +3 min

CNN —“The Santa Clauses” doesn’t bother trying to reinvent the sleigh, but it does splash a new coat of paint on it, in mostly agreeable and mildly clever ways. After three movies over a 12-year span beginning in 1994, Tim Allen is back in a Disney+ series that, at six half-hour episodes, puts some additional cheer in holiday streaming. Still, producer/showrunner Jack Burditt (a veteran of “Modern Family” and “30 Rock”) does fill his bags with some surprises, and “The Santa Clauses” does a nifty job of cliffhanging its episodes, even the ones that drag a bit, to pull the audience along from one into the next. “The Santa Clauses” extends that relationship, in a festive package that’s bright, colorful and unburdened by loftier pretensions – just the kind of easy lift that should deliver a few good nights. “The Santa Clauses” premieres November 16 on Disney+.

☆ INDIA STOCKS Indian shares edge down as consumer, tech stocks drag
▼ + stars: | 2022-11-15 | by ( Praveen Paramasivam | ) www.reuters.com time to read: +2 min

[1/2] A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis MascarenhasBENGALURU, Nov 15 (Reuters) - Indian shares gave up opening gains on Tuesday, dragged by consumer and IT stocks, as investors secured profits after a four-week rally, even as data showed annual retail inflation for October eased roughly in line with estimates. Slower rise in food prices helped India's annual retail inflation ease to 6.77% in October, from 7.41% in the previous month, data showed on Monday. More than 1,000 companies reported their quarterly results on Monday as the country's month-long earnings season drew to a close. Globally, investors will get another look at U.S. inflation when the producer price index data is released at 1330 GMT.

☆ INDIA STOCKS Indian shares may edge higher as inflation eases
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 15 (Reuters) - Indian shares are expected to open slightly higher on Tuesday, as data showing annual retail inflation eased to a three-month low in October strengthened bets of smaller interest rate hikes from the country's central bank. Globally, investors will get another look at U.S. inflation when the producer price index data is released later in the day. ** Tyremaker Apollo Tyres (APLO.NS) reported a rise in quarterly profit. ** Biocon (BION.NS) reported a decline in quarterly profit as the drugmaker booked a heavy tax expense. ** Indian viscose and chemicals manufacturer Grasim Industries (GRAS.NS) reported a fall in quarterly profit, with brokerage Jefferies saying global slowdown weighed on earnings.

The rupee is tipped to open at around 80.65-80.70 per dollar, up from the previous session's close of 80.7950. The local currency jumped 2% last week in its best gain in almost four years. The rupee has already corrected more than 3% from record lows and "then you have to consider oil prices", the trader said. Asian currencies began the week on a positive note, keeping up the momentum fuelled by softer-than-expected U.S. inflation data. The data has prompted traders to calibrate again the pace of Fed rate hikes.

☆ Buy these 16 stocks that are minting profits from their investments while maintaining ultra-low valuations, Bank of America says
▼ + stars: | 2022-11-13 | by ( Marley Jay | ) www.businessinsider.com time to read: +3 min

Former growth stocks can become outstanding value plays, according to Bank of America. It says they can deliver strong returns because of their balance sheets and competitive positions. "Young growth stocks can become mature value stocks," the group of strategists wrote. The RIC is positive on energy, small cap, and value stocks, noting that "there's always a bull market somewhere." Bank of America says they're among the least expensive S&P 500 stocks based on price-to-adjusted book value.

☆ Pfizer's India arm posts profit jump on lower costs, price hikes
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 11 - Pfizer Ltd (PFIZ.NS), the Indian arm of U.S. pharma giant Pfizer Inc (PFE.N), reported a rise in second-quarter profit on Friday, boosted by price hikes and lower input costs. Profit before tax and exceptional item rose to 2.26 billion Indian rupees ($27.97 million) in the three months ended Sept. 30, from 1.75 billion rupees in the year-ago period. The company booked a one-time gain of 1.89 billion rupees on the sale its off-patent and generic medicines business, Upjohn. Pfizer's revenue from operations rose 0.3% to 6.38 billion rupees. Earlier in the day, peer Zydus Lifesciences (ZYDU.NS) reported an 82.6% slump in second-quarter profit, hit by rising expenses.

☆ INDIA STOCKS Indian shares rise as US inflation data cools rate hike fears
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 11 (Reuters) - Indian shares rose over 1% on Friday, boosted by information technology companies and banks as cooling U.S. inflation fuelled hopes that aggressive Federal Reserve rate stance might begin to ease. The NSE Nifty 50 index (.NSEI) rose 1.3% to 18,269 as of 0351 GMT, while the S&P BSE Sensex (.BSESN) added 1.4% to 61,453.18. India will report its October inflation number next week. The Nifty IT index (.NIFTYIT) surged 3.2%, while the bank index (.NSEBANK) gained 1.3%. Shares of Zomato (ZOMT.NS) jumped 10% after the Indian food delivery firm on Thursday reported a narrower loss for the second quarter.

☆ INDIA RUPEE Rupee seen surging above 81/USD on rising bets of Fed pivot
▼ + stars: | 2022-11-11 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, Nov 11 (Reuters) - The Indian rupee is expected to jump against the dollar on Friday, after softer-than-expected U.S. inflation prompted bets that the Federal Reserve will pivot to a slower pace of rate hikes. The dollar index and Treasury yields plunged, while U.S. equities soared on signs that inflation was turning a corner. read moreThe relief on the inflation reinforced the likelihood that the Fed will opt for smaller rate hikes from its December meeting onwards. Fed Chair Jerome Powell had signalled after the November policy decision that a moderation in the size of hikes was possible. The dollar index dropped 2%, its biggest decline in many years.

☆ Tata Motors falls as core earnings fail to impress
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

Tata Motors posted a narrowed net loss for the July-September quarter and said its earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 53% year-over-year. However, brokerage Jefferies said the company's EBITDA came in 14% below its estimate, while Emkay Research and Motilal Oswal also said the number missed their estimates. "Tata Motors' performance was an all-around miss," Motilal Oswal analyst Jinesh Gandhi wrote in a note. Tata Motors stock was last down 4.4% at 414.25 rupees and was the biggest loser on India's benchmark Nifty 50 index (.NSEI), which is down 0.7%. Through the last close, Tata Motors shares had shed a tenth of their value, while the Nifty 50 index had gained around 4%.

☆ INDIA STOCKS Indian shares fall as autos drag, awaits U.S. inflation data
▼ + stars: | 2022-11-10 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

BENGALURU, Nov 10 (Reuters) - Indian shares fell on Thursday, weighed by auto and metal companies, as investors braced for crucial U.S. inflation data that will provide clues about the severity of the Federal Reserve's future interest rate hikes. The NSE Nifty 50 index (.NSEI) dropped 0.7% to 18,037 as of 0522 GMT, while the S&P BSE Sensex (.BSESN) fell 0.70% to 60,609. Indian benchmark indexes hit an over-9-1/2 month peak on Wednesday, driven by the bank Nifty index (.NSEBANK) touching a record high on the back of improved asset quality and credit growth for lenders. The bank index has gained about 17% so far this year, beating the benchmark Nifty index's 4% gain. Shares of Axis Bank (AXBK.NS) fell 2.7% after the Indian government proposed to sell a 1.55% stake in the private lender.

☆ INDIA STOCKS Indian shares set to open lower ahead of US inflation data
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, Nov 10 (Reuters) - Indian shares are expected to open a tad lower on Thursday, with investors bracing for crucial U.S. inflation data that will provide clues about the severity of Federal Reserve's future interest rate hikes. Foreign institutional investors bought net of 3.87 billion Indian rupees ($47.51 million) equities on Wednesday, while domestic investors sold 10.60 billion rupees of shares, as per provisional data available with the National Stock Exchange. ** Indian port operator Adani Ports (APSE.NS) acquired a 49.38% stake in petroleum logistics service provider Oiltanking for 10.5 billion rupees. ** Indian sugar mills are aggressively signing export deals, contracting for about 1 million tonnes just four days after New Delhi approved exports. read more($1 = 81.4650 Indian rupees)Reporting by Nallur Sethuraman in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ Indian bank stocks' record rally to continue as balance sheets strengthen
▼ + stars: | 2022-11-10 | by ( Nupur Anand | ) www.reuters.com time to read: +3 min

[1/2] A man checks his mobile phones in front of State Bank of India (SBI) branch in Kolkata, India, February 9, 2018. This comes at a time when credit growth is at a multi-year high and bad loans across lenders have reduced significantly. The brokerage said private and state-owned lenders that remained better placed to grow include ICICI Bank Ltd (ICBK.NS), HDFC Bank Ltd (HDBK.NS), Axis Bank Ltd (AXBK.NS), IndusInd Bank Ltd (INBK.NS), Bank of Baroda Ltd (BOB.NS) and State Bank of India (SBI) (SBI.NS). Credit growth is at a multi-year high, with an uptick both in retail and corporate loans. "One key concern going ahead remains how the rising interest rate scenario will impact credit growth."

☆ INDIA STOCKS Indian shares rise as consumer, IT boost
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 9 (Reuters) - Indian shares were trading higher on Wednesday, led by consumer and tech stocks and in lockstep with other Asian equities, while investors awaited domestic earnings reports to gauge corporate health. Meanwhile, data showed foreign institutional investors were net buyers in equities for eight straight days. They bought net of 19.49 billion Indian rupees ($239.52 million) equities on Monday, while domestic investors sold 8.44 billion rupees of shares, as per provisional data available with the National Stock Exchange. In domestic trading, Nifty's FMCG (.NIFTYFMCG) and IT (.NIFTYIT) indexes were among the top performing sectors, adding 0.53% and 0.33%, respectively. ($1 = 81.3700 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ India's Britannia Industries shares jump after profit beat
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, Nov 7 (Reuters) - Shares of India's Britannia Industries Ltd (BRIT.NS) rose as much as 10% on Monday, after the Good Day and Tiger biscuits maker reported late Friday a 28.4% jump in second-quarter consolidated net profit. The company's profit was 4.93 billion rupees ($59.97 million) for the three months ended on Sept. 30, beating analysts' expectations for a profit of 4.12 billion rupees, according to Refinitiv IBES data. Total revenue from operations rose 21.4% to 43.8 billion rupees from 36.07 billion rupees a year ago. Britannia's beat comes after peers Hindustan Unilever (HLL.NS) reported rise in profit, while Dabur India (DABU.NS) posted lower profit hit by high commodity prices. Britannia shares were the top gainer in the NSE Nifty 50 index (.NSEI).

☆ A fund manager with 50 years' experience is beating the S&P 500 this year. How he did it and the stocks he's watching
▼ + stars: | 2022-11-06 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

That bear market perspective is setting the Wall Street veteran apart in a bleeding red year for the stock market. Kornitzer said the fund could buy in again, depending on how they move in the bear market. The Buffalo flexible fund currently holds 57 stocks, with Microsoft as its largest position, accounting for 7.5% of the portfolio. Calling it an "odd creature," he said the Buffalo fund has moved from being thought of as a "60/40" fund split between stocks and bonds, to pure equity. A bear market doesn't have to be devastating, he said, if you can find hidden value stocks amid the carnage.

☆ INDIA STOCKS Indian shares trade higher as metals, Asia boost
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +1 min

In broader Asia, equities rose on Friday, helped by Hong Kong and China stocks. U.S. payrolls data is due later in the day, with any robust data likely to reinforce the Federal Reserve's hawkish outlook. Fed Chair Jerome Powell repeatedly mentioned the robust labour market in his speech after the Fed rate hike earlier this week. In domestic trading, Nifty's metal index (.NIFTYMET) was the best performer among other sectors, rising 1.3%. Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann Thoppil and Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares set for lower opening as Fed keeps hawkish stance
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +3 min

India's NSE stock futures, listed on the Singapore exchange , were 0.94% lower as of 0211 GMT. The Federal Reserve raised interest rates by 75 basis points on Wednesday as widely expected and said its battle against inflation will require borrowing costs to rise further. Meanwhile, foreign institutional investors bought a net 14.36 billion Indian rupees ($173.61 million) worth of equities on Wednesday, while domestic investors sold 13.78 billion rupees of shares, as per provisional data available with the National Stock Exchange. ** Mahindra and Mahindra Financial Services Ltd (MMFS.NS) reported September-quarter profit of 4.48 billion rupees, a 56.2% year-on-year decline. ($1 = 82.7120 Indian rupees)Reporting by Rama Venkat in Bengaluru;Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

MUMBAI, Nov 3 (Reuters) - The Indian rupee is tipped to decline against the dollar on Thursday, after U.S. Federal Reserve Chair Jerome Powell noted that interest rate hikes might have to rise more than what was previously expected. The rupee is expected to open at around 82.85-82.90 to the dollar, compared with 82.7800 in the previous session. "Based on the reaction of U.S. bond and equity markets to Powell's remarks, rupee, like the rest of Asia, will struggle at open," a trader at a Mumbai-based bank said. It was "very premature" to discuss when the Fed might pause its increases, Powell added. ING Bank pointed out that Powell highlighted an important distinction between the pace of rate hikes and what will be the ultimate, or terminal, rate level.

☆ INDIA STOCKS Indian shares set for muted opening; Fed meet in focus
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +3 min

** Adani Ports and Special Economic Zone APSE.NS, India's largest private operator of ports, reported a 69% surge in quarterly profit on Tuesday, driven by strong cargo volumes. ** Sun Pharmaceutical Industries Ltd (SUN.NS) on Tuesday reported a surprise 10.5% rise in second quarter profit led by a surge in sales of specialty drugs. ** IT services provider Tech Mahindra (TEML.NS)reported better-than-expected quarterly profit and revenue on Tuesday, helped by strong demand and the company also declared a special dividend. ** Kansai Nerolac Paints Ltd (KANE.NS)reported a weaker-than-expected rise in second quarter profit on Tuesday, hit by higher input costs and a demand squeeze due to unseasonal rains. ** Voltas Ltd (VOLT.NS)posted a loss for the second quarter on Tuesday, dented by higher expenses and a one-off expense related to a contract termination.

MUMBAI, Nov 2 (Reuters) - The Indian rupee is expected to open little changed to the dollar on Wednesday as traders look for the U.S. Federal Reserve's views on the path forward for rates. The rupee is tipped at around almost the same levels in early trading as the previous session's close of 82.6950. "If the Fed's thinking is it may be early to give that signal, expect a gap down on rupee tomorrow." Fed futures now point to an almost even chance of whether the U.S. central bank's next move will be a 50 bps or 75 bps hike. "Yet we expect the Fed to remain data dependent and emphasize cumulative policy rate tightening over any step down in pace."

☆ INDIA STOCKS Indian shares seen opening higher, Fed in focus
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +3 min

BENGALURU, Nov 1 (Reuters) - Indian shares may kick off November trading on a higher note on Tuesday, after rising for three straight sessions, tracking gains in broader Asia as investors turn focus to the U.S. Federal Reserve policy meeting this week. India's NSE stock futures, listed on the Singapore exchange , were 0.61% higher as of 0203 GMT. Investors this week will be looking for the outcome of the Fed policy meeting and the outlook on future rate hikes path. The Fed is widely expected to raise interest rates by 75 basis points on Wednesday at the conclusion of its two-day policy meeting. ($1 = 82.7910 Indian rupees)Reporting by Rama Venkat in Bengaluru; Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

☆ INDIA STOCKS Indian shares seen opening higher to track Asia gains
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +3 min

BENGALURU, Oct 31 (Reuters) - Indian shares may open higher on Monday, after rising for two consecutive weeks, tracking gains in broader Asia and a fall in oil prices. India's NSE stock futures, listed on the Singapore exchange , were 0.92% higher as of 0242 GMT. The MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.8%. Stocks to watch:** Sugar stocks after India, the world's biggest sugar producer, extended restrictions for export by one year through October 2023, the government said in a notification late on Friday. ($1 = 82.2610 Indian rupees)Reporting by Rama Venkat in Bengaluru;Editing by Dhanya Ann ThoppilOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Nifty"

25 mentions found