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Pankaj Pandey, Head Research, ICICIdirect.com, says typically, any year, one could easily get 10-12% kind of a correction, and multiple corrections in the market. So 6% is already run, at max possibly 4-5% is very much possible. But Pandey thinks that the market ideally should bottom out at current levels. The second half is expected to be better because a lot of ordering, tendering should happen given the fact that H1 was quite soft. A lot of sectors in the second half are expected to do well. ICICIdirect is maintaining a target price of 27,500 for Nifty and about 15-16% CAGR growth in earnings for the next two years. How are you looking at the overall earnings because that is a bit disconcerting? There is such a divergence from what the Street was pencilling in and the kind of commentary and the kind of results that a lot of companies have been putting out and also across-the-board, the slowdown seems to be quite evident. How much of a concern is that? Pankaj Pandey: Overall, this was expected to be a softer quarter. We are already at peak margins of 19-20% for Nifty. So, incrementally margin expansion was definitely not the case. And we all know that in big sectors like IT, the demand is still soft and possibly Q4 is where some bit of a revival can be expected and obviously, we will have US elections impacting the sentiment as well and commodity prices continue to remain soft whether it is for steel, whether it is for cement.

DLF Ltd. traded at Rs 872.8 on BSE at 12:43PM (IST) on Friday, up 1.39 per cent from previous close. The stock quoted a 52-week low price of Rs 513.55 and a high of Rs 967.0.

Federal Bank Ltd. traded at Rs 193.45 on BSE at 11:50AM (IST) on Friday, down 0.05 per cent from previous close. The stock quoted a 52-week low price of Rs 137.3 and a high of Rs 206.55.

Marico Ltd. gained 0.43 per cent to Rs 668.85 in Friday's trade as of 11:46AM (IST). It hit a high of Rs 672.45 and low of Rs 655.0 during the session. The stock quoted a 52-week high price of Rs 719.8 and a low of Rs 486.75. The return on equity for the stock stood at 38.64 per cent. About 5,636 shares have changed hands on the counter so far.

Giriraj Singh on Friday took a dig at Samajwadi Party chief Akhilesh Yadav for his silence on the Bahraich incident, suggesting that the SP leader refrained from commenting on the matter to protect Muslim votes and claiming that his stance reflected his «anti-Hindu» DNA. Giriraj Singh claimed that Akhilesh Yadav's DNA is (Hindu Virodhi) «anti-Hindu» since his late father and former UP Chief Minister Mulayam Singh Yadav had also ordered police firing at Karsevaks in 1990. «Akhilesh Yadav did not utter a single word on Bahraich incident, just for the sake of votes. His DNA is anti-Hindu. His father Mulayam Singh Yadav also ordered firing at Karsevaks,» said Giriraj Singh.

NCLAT) has closed the insolvency proceedings against Jaypee Healthcare after the financial creditors' dues were settled by Max Healthcare. The appellate tribunal's direction to close the Corporate Insolvency Resolution Process (CIRP) against Jaypee Healthcare Ltd (JHL) came after the financial creditor submitted that they had received the amount of Rs 1,035.29 crore as part of the settlement and no claim had survived. «In view of the fact that the entire claim has now been satisfied and the amount deposited has been disbursed, we see no reason to continue the CIRP any further,» said the NCLAT order passed on Thursday. CIRP against JHL was initiated by the Allahabad bench of the National Company Law Tribunal (NCLT) on June 14 this year, over a petition filed by its lead creditor JC Flowers Asset Reconstruction Ltd.

coastal belt, stretching from Mumbai to the southernmost district of Sindhudurg, was once a Congress citadel, but the party lost ground to the undivided Shiv Sena over the years. The coastal Konkan belt's economy was known to be dependent on money orders sent from Mumbai, where most of its residents migrated for work and business after Maharashtra achieved statehood in 1960. But the situation is no longer the same. The region accounts for 75 of the total 288 state assembly seats, including 36 in Mumbai, and is expected to play a key role in deciding which coalition — ruling Mahayuti or opposition Maha Vikas Aghadi (MVA) — governs Maharashtra after the November 20 polls. Former CM and BJP Lok Sabha MP from Ratnagiri-Sindhudurg Narayan Rane, who hails from the picturesque region, told PTI that Konkan has now become self-sufficient, thriving on exports of fish, mangoes and cashews.

BSE) and Adani Energy among 6 stocks are likely to be included in the MSCI India Standard Index as part of its rebalancing, according to a report by domestic brokerage firm JM Financial. Based on the prevailing prices, JM Financial expects BSE, Voltas, Adani Energy Solutions, Alkem Laboratories, Oberoi Realty and Kalyan Jewellers to be included in the index.

India's concerns regarding Khalist extremism. He also pointed out a fundamental problem that the Canadian government assumed all Sikhs as Khalistanis and all Khalistanis as Sikhs. In an interview to ANI, George said, «The Khalistan movement does not pose a direct threat to the West, at least not often. So, hence which is why you see Western countries try and downplay or ignore India's pleas, no matter how legitimate India's concerns may be.»

Srini Pallia, CEO, Aparna Iyer, CFO and Saurabh Govil, CHRO, Wipro in conversation with ET Now. CFO Iyer says that their guidance is based on the visibility that they have at the start of the quarter. The guidance is impacted by furloughs, fewer working days and softness in Europe. The large deals that we won also would take some time to ramp up. So, overall, the momentum seems good. Q3 is more about seasonality and hopefully they will bounce back in Q4. CEO Srini Pillai further says net-net, right now the BFSI segment is positive. He cannot predict what is going to happen in six months and six quarters from now, but as of now, they are seeing good momentum in that sector. What would you call the highlight for the second quarter and how would you rate the current demand environment? Srini Pallia: First, specifically in Q2, three of our four markets have sequentially grown, which is good news. In terms of sectors, we had two of them growing sequentially, two of them growing year on year, and of course we had manufacturing and energy and utilities which have sequentially de-grown. But in the context of the overall market, I see momentum picking up, especially in Americas for us, both Americas 1 and Americas 2, and also APMEA.

Amazon Great Indian Festival Steal Deals: Up to 60% off on best selling water purifiers from Aquaguard, Pureit and more The HUL Pureit Vital Plus Mineral Water Purifier offers efficient water-saving with up to 60% savings and uses a 6-stage RO+UV+MP purification system. It is equipped with FiltraPower technology to remove even the smallest impurities, while the 7L capacity and wall-mountable design provide convenience for modern homes.

Varun Beverages Ltd. gained 1.5 per cent to Rs 596.65 in Friday's trade as of 10:05AM (IST). It hit a high of Rs 597.6 and low of Rs 579.0 during the session. The stock quoted a 52-week high price of Rs 682.84 and a low of Rs 331.28. The return on equity for the stock stood at 29.64 per cent. About 58,985 shares have changed hands on the counter so far.

West Bank are running out of cans and sugar, blocked by the prolonged closure of a Jordan border crossing, managers of two soda-bottling plants in the occupied Palestinian territory said. In the latest global supply chain snarl due to the conflict in the Middle East, a crucial trade crossing at the Allenby bridge has been largely closed to commercial traffic since early September after a Jordanian gunman shot and killed three Israeli civilians. Sugar and cans previously were transported to West Bank bottlers from Jordan via the bridge, according to Hatim Omari, manager of a plant that bottles Pepsi, 7UP and Mirinda for sale in the Palestinian territories and neighboring countries.

Bannari Amman Sugars Ltd.(up 1.24%), Simbhaoli Sugars Ltd.(up 0.05%) and Ugar Sugar Works Ltd.(up 0.03%) were among the top gainers.

Domestic benchmark index NSE Nifty fell 102.9 points to 24646.95, while the BSE Sensex traded 408.4 points down at 80598.21.

buy call on Infosys with a target price of Rs 2,200. The current market price of Infosys Ltd. is Rs 1912.7. Infosys., incorporated in 1981, is a largecap company with a market cap of Rs 817184.02 crore, operating in IT Software sector. Infosys Ltd. key products/revenue segments include software products and software development charges for the year ending 31-Mar-2024.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Indian market is likely to trade lower on Friday tracking muted global cues. The Nifty future closed negative with losses of 0.81% at 24,845 levels on Thursday. INDIA VIX surged by 2.56%, settling at 13.39, indicating a jump in market volatility.

IT services company LTIMindtree shares are in focus on Friday after the firm reported 8% year-on-year (YoY) growth in its consolidated net profit at Rs 1,251 crore in the quarter ended September 2024. Revenue from operations in the reporting period rose 6% year-on-year to Rs 9,433 crore. In dollar terms, revenues for the quarter stood at $1.1 billion, showing a growth of 5% year-on-year and 3% quarter-on-quarter.

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Manappuram Finance are likely to remain in focus after the Reserve Bank of India (RBI) imposed restrictions on four NBFCs (including Manappuram) citing material supervisory concerns, following which, the stock earned multiple rating downgrades or target price cuts from various brokerage firms. The Central Bank on October 17 announced this regulatory action against four NBFCs and NBFC-Micro Finance Institutions (NBFC-MFIs), citing material supervisory concerns. The RBI directed these entities to cease and desist from sanctioning and disbursing loans until further notice.