Latest Updates Around The World
Trent Limited is undergoing a critical strategic ‘reset’ of its hugely successful Zdio format after recognizing that aggressive store expansion in urban micro markets has delivered diminishing returns, said Jignanshu Gor, director at Bernstein India.The fashion retailer’s slowdown has raised concerns about whether its premium valuation – currently at a multiple of 60x – can […]
Indian shares opened marginally lower on Wednesday, adding to pressure from the previous session’s sharp sell-off that dragged the Sensex and Nifty to their weakest levels in more than three months. Continued foreign fund outflows, uneven corporate profits and persistent concerns about global trade and geopolitics continued to weigh on sentiment.The BSE Sensex fell 102 […]
Indian shares closed higher on Monday, with the Sensex and Nifty breaking a five-session losing streak after a late afternoon recovery, as investors took comfort from signs of renewed engagement between New Delhi and Washington on trade. The initial losses eased sharply after the incoming US ambassador to India said the two sides would begin […]
Driven by GST reforms, robust festive demand and softening commodity prices, the FMCG sector expects volume-based growth, supported by mid-single digit sales growth and improved operating margins in the December quarter.After resolving the GST-induced disruptions, with distributors and retailers focusing on liquidating existing higher-priced inventory in the channel, the FMCG companies have witnessed signs of […]
Shares of Trent fell further after the update, falling more than 8%, as investors continued to price in slower growth and increasing competitive pressure in the budget fashion segment. According to Karan Taurani, EVP at Elara Securities, the sharp correction reflects a valuation downgrade rather than just an earnings revision.Speaking to ET Now, Taurani said […]
Indian shares closed lower on Tuesday, with the Sensex and Nifty retreating from record levels after heavyweight stocks HDFC Bank and Reliance Industries weighed on benchmarks and investors booked profits after a recent rally.The BSE Sensex fell 376.28 points, or 0.44%, to close at 85,063.34, while the NSE Nifty 50 fell 71.6 points, or 0.27%, […]
Indian equity benchmarks witnessed mild selling pressure after hitting record highs earlier this week, but the broader trend remains constructive, said Vinay Rajani, AVP and Senior Technical & Derivative Analyst at HDFC Securities.Speaking to ET Now, Rajani said the Nifty’s recent decline is an ‘ongoing correction’ rather than a trend reversal. Despite falling over 200 […]
According to Sandip Sabharwal, founder of askandipsabharwal.com, the strong credit growth reported by leading banks in the December quarter points to an improving economic cycle, even as select consumer and retail sectors face challenges in the near term.Speaking to ET Now, Sabharwal said double-digit loan growth at most major banks reflects rising economic activity after […]
Indian shares closed sharply higher on Friday, the second trading session of the new year, with the Nifty 50 hitting a new record high as a broad rally took place. Strong business updates boosted earnings expectations and improved investor sentiment across sectors.The Nifty 50 climbed as much as 193.45 points during the session to a […]
Indian shares closed lower on Monday, with Sensex and Nifty paring early gains, as subdued year-end trading volumes and continued foreign fund outflows dampened investor risk appetite, extending the market’s recent losses.The BSE Sensex fell 346 points, or 0.41%, to close at 84,695.54, while the NSE Nifty 50 fell 100 points, or 0.38%, to settle […]
