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Time of India
3 days ago
- Business
- Time of India
Q1 earnings, FII action among 8 factors that'll steer D-Street this week
Indian benchmark indices ended the week in the red, with the Nifty closing 0.7% lower. A host of key domestic and global events lined up for the week ahead are likely to influence market sentiment when trading resumes on Monday. On Friday, the Nifty declined by 143.05 points, or 0.6%, to end the day at 24,968.40. Explore courses from Top Institutes in Select a Course Category Data Science Design Thinking Data Analytics Project Management MCA others Finance Digital Marketing Healthcare Product Management Technology PGDM healthcare Management Degree Artificial Intelligence Others Leadership Public Policy CXO Data Science MBA Operations Management Cybersecurity Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said the Nifty remained under selling pressure on Friday, slipping towards 24,900, where it found initial support. The index stayed above the 50-day exponential moving average (50 EMA) and appears poised for a short-term pullback after the recent sharp correction, he noted. However, De maintained that it remains a 'sell on rise' market as long as the Nifty trades below 25,260. On the downside, selling pressure may intensify if the index breaches the 24,900 mark, he added. Key factors likely to impact market movement this week: 1. Q1 Earnings It will be an earnings-heavy week, with 286 companies scheduled to announce their June quarter results over the next six days. Among the Nifty constituents, results are expected from Eicher Motors, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Dr. Reddy's Laboratories, Infosys, Tata Consumer Products, Nestlé India, SBI Life Insurance, Cipla, and Kotak Mahindra Bank. Live Events Other widely tracked companies set to report include One 97 Communications (Paytm), Indian Railway Finance Corporation (IRFC), United Breweries, Zee Entertainment, and Bajaj Housing Finance. The Street will also react to the earnings of Reliance Industries and JSW Steel, which were announced on Friday after market hours. Additionally, results declared on Saturday by HDFC Bank, ICICI Bank, Yes Bank, and Reliance Power will keep these stocks in focus when markets reopen. 2. Corporate Action A flurry of corporate actions is lined up this week, with record dates for dividends, rights issues, buybacks, and bonus shares scheduled for over 100 companies during the five-day trading window. Companies announcing record dates for dividend payouts include: Life Insurance Corporation of India (LIC), Hero MotoCorp, Divi's Laboratories, Bharti Hexacom, Shree Cement, Aditya Birla Sun Life AMC, Radico Khaitan, Info Edge (India), Union Bank of India, and Zydus Lifesciences. Meanwhile, Mahindra Logistics has set July 23 as the record date for its rights issue, and Focus Business Solution will determine eligibility for its bonus issue during the week. 3. US markets Wall Street ended mixed on Friday, with the S&P 500 and Nasdaq struggling to notch meaningful gains as investors looked ahead to more corporate earnings and remarks from the Federal Reserve Chair next week. The Dow Jones Industrial Average slipped 142.30 points, or 0.32%, to close at 44,342.20. The S&P 500 ended flat at 6,296.79, while the Nasdaq Composite inched up 10.01 points, or 0.05%, to settle at 20,895.70. 4. IPO watch In the mainboard segment, four initial public offerings (IPOs) will open for subscription this week. Among them, IndiQube Spaces' Rs 700 crore book-building issue will open on Wednesday, July 23, with a price band of Rs 225 to Rs 237 per share. GNG Electronic's IPO will also launch on the same day. Brigade Hotel Ventures' IPO will open on July 24, while Shanti Gold International will open on Friday, July 25, and close on Tuesday, July 29. In the SME segment, Monarch Surveyors & Engineering Consultants will open their IPO on July 22, TSC India on July 23, and Patel Chem Specialities on July 25. Meanwhile, three listings are likely this week: Anthem Biosciences, Monika Alcobev, and Spunweb Nonwoven. 5. FII / DII Action Market action will hinge on the behaviour of foreign institutional investors (FIIs) in the coming week. On Friday, FIIs were net buyers, purchasing equities worth Rs 374.74 crore, while domestic institutional investors (DIIs) also remained net buyers, investing Rs 2,103.51 crore. 6. Technical Factors Decoding Nifty's technical setup, Hrishikesh Yedve, AVP – Technical and Derivative Research at Asit C. Mehta Investment Intermediates, noted that the index has broken below its 34-Day Exponential Moving Average (34-DEMA) on the daily chart and formed a red candle, indicating weakness. However, Nifty managed to hold above the 50-DEMA, currently placed near 24,930. A decisive break below this level could drag the index lower towards the 24,750–24,500 zone. On the other hand, if the index sustains above 24,930, a pullback rally towards 25,200–25,250 cannot be ruled out, Yedve added. 7. Rupee Vs Dollar The Indian rupee weakened slightly on Friday, marking its second consecutive weekly loss, as the U.S. dollar rebounded from a more than two-year low and sustained equity outflows pressured domestic markets. The rupee closed at 86.1475, compared to its previous close of 86.0750, down 0.4% on the week. In the near term, the rupee is 'likely to hover closer to 86.50 than 85.50,' according to a trader at a large private bank. The trader attributed the pressure to corporate dollar demand and outflows from Indian equities. Foreign investors have net sold around $300 million in Indian equities so far in July, after infusing $1.7 billion in June. Meanwhile, the dollar index was poised for its second straight weekly gain, supported by robust U.S. economic data that tempered expectations of imminent rate cuts by the Federal Reserve. 8. Crude Oil Crude oil prices remain a key variable for stock markets, given their ability to influence a country's inflation trajectory. Oil prices edged lower on Friday, despite gains in the previous session, as concerns over drone attacks on northern Iraqi oil fields—which could disrupt supply—weighed on sentiment. U.S. West Texas Intermediate (WTI) crude settled at $67.30, down $0.24 or 0.36%, while Brent crude futures were trading near $69.28, up $0.29 or 0.42%.
Economic Times
3 days ago
- Business
- Economic Times
Q1 earnings, FII action among 8 factors that'll steer D-Street this week
Indian benchmark indices ended the week in the red, with the Nifty closing 0.7% lower. A host of key domestic and global events lined up for the week ahead are likely to influence market sentiment when trading resumes on Monday. ADVERTISEMENT On Friday, the Nifty declined by 143.05 points, or 0.6%, to end the day at 24,968.40. Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said the Nifty remained under selling pressure on Friday, slipping towards 24,900, where it found initial support. The index stayed above the 50-day exponential moving average (50 EMA) and appears poised for a short-term pullback after the recent sharp correction, he noted. However, De maintained that it remains a 'sell on rise' market as long as the Nifty trades below 25,260. On the downside, selling pressure may intensify if the index breaches the 24,900 mark, he added. Key factors likely to impact market movement this week:It will be an earnings-heavy week, with 286 companies scheduled to announce their June quarter results over the next six days. Among the Nifty constituents, results are expected from Eicher Motors, UltraTech Cement, Bajaj Finance, Bajaj Finserv, Dr. Reddy's Laboratories, Infosys, Tata Consumer Products, Nestlé India, SBI Life Insurance, Cipla, and Kotak Mahindra widely tracked companies set to report include One 97 Communications (Paytm), Indian Railway Finance Corporation (IRFC), United Breweries, Zee Entertainment, and Bajaj Housing Finance. ADVERTISEMENT The Street will also react to the earnings of Reliance Industries and JSW Steel, which were announced on Friday after market hours. Additionally, results declared on Saturday by HDFC Bank, ICICI Bank, Yes Bank, and Reliance Power will keep these stocks in focus when markets reopen.A flurry of corporate actions is lined up this week, with record dates for dividends, rights issues, buybacks, and bonus shares scheduled for over 100 companies during the five-day trading window. ADVERTISEMENT Companies announcing record dates for dividend payouts include:Life Insurance Corporation of India (LIC), Hero MotoCorp, Divi's Laboratories, Bharti Hexacom, Shree Cement, Aditya Birla Sun Life AMC, Radico Khaitan, Info Edge (India), Union Bank of India, and Zydus Lifesciences. ADVERTISEMENT Meanwhile, Mahindra Logistics has set July 23 as the record date for its rights issue, and Focus Business Solution will determine eligibility for its bonus issue during the week. Wall Street ended mixed on Friday, with the S&P 500 and Nasdaq struggling to notch meaningful gains as investors looked ahead to more corporate earnings and remarks from the Federal Reserve Chair next Dow Jones Industrial Average slipped 142.30 points, or 0.32%, to close at 44,342.20. The S&P 500 ended flat at 6,296.79, while the Nasdaq Composite inched up 10.01 points, or 0.05%, to settle at 20, the mainboard segment, four initial public offerings (IPOs) will open for subscription this week. Among them, IndiQube Spaces' Rs 700 crore book-building issue will open on Wednesday, July 23, with a price band of Rs 225 to Rs 237 per share. GNG Electronic's IPO will also launch on the same day. ADVERTISEMENT Brigade Hotel Ventures' IPO will open on July 24, while Shanti Gold International will open on Friday, July 25, and close on Tuesday, July the SME segment, Monarch Surveyors & Engineering Consultants will open their IPO on July 22, TSC India on July 23, and Patel Chem Specialities on July three listings are likely this week: Anthem Biosciences, Monika Alcobev, and Spunweb action will hinge on the behaviour of foreign institutional investors (FIIs) in the coming week. On Friday, FIIs were net buyers, purchasing equities worth Rs 374.74 crore, while domestic institutional investors (DIIs) also remained net buyers, investing Rs 2,103.51 Nifty's technical setup, Hrishikesh Yedve, AVP – Technical and Derivative Research at Asit C. Mehta Investment Intermediates, noted that the index has broken below its 34-Day Exponential Moving Average (34-DEMA) on the daily chart and formed a red candle, indicating Nifty managed to hold above the 50-DEMA, currently placed near 24,930. A decisive break below this level could drag the index lower towards the 24,750–24,500 zone. On the other hand, if the index sustains above 24,930, a pullback rally towards 25,200–25,250 cannot be ruled out, Yedve Indian rupee weakened slightly on Friday, marking its second consecutive weekly loss, as the U.S. dollar rebounded from a more than two-year low and sustained equity outflows pressured domestic markets. The rupee closed at 86.1475, compared to its previous close of 86.0750, down 0.4% on the the near term, the rupee is 'likely to hover closer to 86.50 than 85.50,' according to a trader at a large private bank. The trader attributed the pressure to corporate dollar demand and outflows from Indian investors have net sold around $300 million in Indian equities so far in July, after infusing $1.7 billion in the dollar index was poised for its second straight weekly gain, supported by robust U.S. economic data that tempered expectations of imminent rate cuts by the Federal oil prices remain a key variable for stock markets, given their ability to influence a country's inflation trajectory. Oil prices edged lower on Friday, despite gains in the previous session, as concerns over drone attacks on northern Iraqi oil fields—which could disrupt supply—weighed on sentiment.U.S. West Texas Intermediate (WTI) crude settled at $67.30, down $0.24 or 0.36%, while Brent crude futures were trading near $69.28, up $0.29 or 0.42%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13-07-2025
- Business
- Time of India
IT spending to pick up after trade talk clarity: TCS chief
Bengaluru: TCS is navigating a challenging environment marked by delays in client decision-making and cautious discretionary spending, especially on projects with longer return cycles. In an interview with TOI, TCS CEO K Krithivasan expressed confidence that international revenue will exceed FY25 levels in FY26, contingent on improved clarity expected by late July or early Aug as trade discussions near completion. Excerpts: How has delay in decision-making and discretionary spends evolved since March quarter? TCS expects discretionary demand to recover based on tariff-related clarity. We find that programmes with immediate or shorter-term ROI (return on investment) are continuing. However, programmes perceived as more long-term are either fast-tracked or reduced in scope to be consumed in the short or medium term. Programmes with ROI spread over a longer period are being deferred or slowed down. When I mentioned July and Aug, I was hoping trade discussions between countries would conclude by then. Once clarity emerges and consumer confidence picks up in the US, I am hopeful customers will start spending. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like De MINI Countryman. De grootste MINI ooit. MINI Ontvang quote Undo You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru What were the key factors behind a sharper decline in key verticals and geographies, and to what extent did the BSNL deal wind-down influence the revenue drop? We don't have any client-specific issues. Projects are getting descoped or delayed across multiple industries. While BFSI has grown in North America and the UK, it hasn't grown in Europe. On the BSNL deal, close to 90% of the sites are carrying commercial traffic. It's a natural and successful wind-down of the project — it had an impact of about 2.8% on the quarter-on-quarter growth. The international market fell by 0.3%, so the greater contribution came from here, but it was not unexpected. TCS COO said AI is driving efficiency at project level. How are firms measuring efficiency in AI-led coding tasks while accounting for the entire process? And is this shift starting to impact client costs yet? If efficiency gains are limited to IT projects alone, the overall benefit remains constrained. Even if IT projects deliver a 20-30% improvement in coding efficiency, that might only result in a 5-10% gain in overall value from conceptualisation to go-live. That's why end-to-end articulation and value-creation across all phases are essential to achieving meaningful productivity gains and measurable benefits leading to improved customer satisfaction and stronger sales performance. Clients are becoming aware of AI-driven productivity gains. Is this leading to commercial models with built-in productivity gains even before they are requested? If AI-led productivity is a good cannibaliser, we would happily embrace it because it's important to challenge ourselves in seeking productivity gains. It's also important to transparently discuss with customers what gains can be passed on, as it requires some investment from our side. This is happening in almost all major engagements. We proactively look for ways to deploy AI and enhance productivity. Clients are demanding certain productivity benefits to be achieved and passed on to them. We have discussions with customers about passing on productivity gains. It's a natural process. Employees say it's harder to secure projects matching their skills. Earlier, they usually found assignments within a month. There are reports that TCS has started withholding salaries for employees benched for extended periods. It's always been expected that associates take responsibility for their careers. While HR supports project placement, we also expect associates to proactively seek new assignments after completing existing ones. What you're seeing now is simply a more structured version of what's long been in practice. We aim to minimise bench time. Second, we invest heavily in upskilling. Once we've made that investment, we work to ensure associates are deployed. While preferences are considered, projects are driven by client needs, not personal choice. We deploy based on training, demand, and skill alignment. If gaps exist, we work to close them before deployment. Is there some slackness in the pyramid? Especially now that some resources are freed up after the BSNL ramp-down? There's no specific slackness. While the work is labour-intensive, it doesn't directly involve our senior associates. Much of it was handled by third-party resources, not our own.
Time of India
11-07-2025
- Business
- Time of India
Etihad to launch high-speed in-flight WiFi on Kolkata-Abu Dhabi Route, ET Infra
Advt Advt Flyers from Kolkata will be the first among 100 cities in over 40 countries on the Etihad Airways network to witness in-flight high-speed WiFi facility across all classes."The international flying experience will change from Sept 26 when we service the Kolkata-Abu Dhabi sector with a new A321LR aircraft instead of the A320 now,"said Etihad chief revenue and commercial officer, Arik De. The new narrow-body Airbus A321LR will offer first-class suites, lie-flat business seats, and an economy cabin with 4K touchscreens and high-speed WiFi."The WiFi facility will enable flyers to not only work online on their laptops but also view or stream their content from OTT accounts," said De, who will take delivery of the first of 40 A321LR aircraft in two weeks. All flyers can access the free chat feature on WhatsApp, Messenger, Instagram and WeChat. Web-based calls and viewing content online is complementary for first-class passengers but fee-based for is a regulatory issue: Indian govt policy on satellite coverage needs to be clarified before the airline can offer internet services on board flights in Indian Etihad announcement comes days before rival carrier Emirates Airlines is set to introduce premium economy on four of its 11 flights between Kolkata and Dubai from July has twice daily flights on Friday and Sunday and a daily flight on Monday, Wednesday, Thursday, and Saturday between Kolkata and Abu Dhabi. Though it does not have a service on Tuesday, sister airline Air Arabia operates on Tuesday. In the absence of direct flights to Europe or the US, Etihad, Emirates, and Qatar offer connections to the West via Abu Dhabi, Dubai and aviation analysts argued that the lack of business class travellers and low yields have discouraged Indian, European, and American carriers from starting direct flights, Etihad is confident of filling up its premium seats."There are many successful people from Kolkata settled in the US or Europe who want to ensure that their parents travel in comfort," Etihad VP (global sales & distribution) Javier Alija said, adding that half of the business class passengers were leisure travellers.
Time of India
09-07-2025
- Business
- Time of India
Aircraft with high-speed internet to debut in Kol-Abu Dhabi sector
Kolkata: Flyers from Kolkata will be the first among 100 cities in over 40 countries on the Etihad Airways network to witness in-flight high-speed WiFi facility across all classes. "The international flying experience will change from Sept 26 when we service the Kolkata-Abu Dhabi sector with a new A321LR aircraft instead of the A320 now,"said Etihad chief revenue and commercial officer, Arik De. The brand new narrow-body Airbus A321LR will offer first-class suites, lie-flat business seats, and an economy cabin with 4K touchscreens and high-speed WiFi. "The WiFi facility will enable flyers to not only work online on their laptops but also view or stream their content from OTT accounts," said De, who will take delivery of the first of 40 A321LR aircraft in two weeks. All flyers can access the free chat feature on WhatsApp, Messenger, Instagram and WeChat. Web-based calls and viewing content online is complementary for first-class passengers but fee-based for others. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata There is a regulatory issue: Indian govt policy on satellite coverage needs to be clarified before the airline can offer internet services on board flights in Indian airspace. The Etihad announcement comes days before rival carrier Emirates Airlines is set to introduce premium economy on four of its 11 flights between Kolkata and Dubai from July 18. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo Etihad has twice daily flights on Friday and Sunday and a daily flight on Monday, Wednesday, Thursday, and Saturday between Kolkata and Abu Dhabi. Though it does not have a service on Tuesday, sister airline Air Arabia operates on Tuesday. In the absence of direct flights to Europe or the US, Etihad, Emirates, and Qatar offer connections to the West via Abu Dhabi, Dubai and Doha. While aviation analysts argued that the lack of business class travellers and low yields have discouraged Indian, European, and American carriers from starting direct flights, Etihad is confident of filling up its premium seats. "There are many successful people from Kolkata settled in the US or Europe who want to ensure that their parents travel in comfort," Etihad VP (global sales & distribution) Javier Alija said, adding that around half of the business class passengers were leisure travellers.
