India overtakes Hong Kong as world’s 4th largest stock market by m-cap
India has become the world's fourth-largest equity market with m-cap of $4.33 trillion, surpassing Hong Kong's $4.29 trillion mark on Monday.
India has become the world's fourth-largest equity market with m-cap of $4.33 trillion, surpassing Hong Kong's $4.29 trillion mark on Monday.
The bankex index dropped over 4%, with index heavyweights HDFC Bank, Kotak Mahindra Bank, Axis Bank falling between 3-8%.
HDFC Bank, Indusind Bank, Ultratech Cement, HUL, L&T Mindtree, Asian Paints, and others are set to announce their Q3 results this week.
The cumulative m-cap of BSE-listed companies surge over ₹27 lakh cr in December to ₹366 lakh cr as of December 27.
The BSE Sensex and Nifty50 are likely to open flat as GIFT Nifty was down 7 points, indicating a gap down opening for the bourses.
The BSE Sensex and Nifty50 are likely to open lower on Thursday, tracking soft cues from global peers and negative trend at Gift Nifty.
Demand slowdown has forced the big boys of Indian IT to cut their growth outlook for FY24. As macro uncertainty looms large, companies are shifting focus to controlling costs to protect profitability.
Revenue growth will be driven by steady performance across key markets — the U.S. and India — and some recovery in growth in the European market.
Dr. Reddy's has acquired a portfolio of injectable products from Eton Pharma for an upfront payment of $5 million in cash, plus contingent payments of up to $45 million
The difference between industry-leading firms and the rest is the unrelenting focus of the leading ones on brand creation, production and supply chain processes, and product innovation.