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The extension of the deadline is to facilitate an efficient technology overhaul and its smooth transition to serve growing investor needs.
“Domestically, we are expecting some earning downgrades for about 50% of the companies which are price takers from the commodity complex. We are very positive on financials and happy to see Bank Nifty recovering. Energy, materials, real estate, cement, industrials are the sectors that tend to do well in a high inflation environment.”
As far as earnings are concerned, IT stocks seem to be on a strong footing. Numbers released by Accenture last month surpassed its expectations, which bodes well for the industry as a whole.
In another transaction, Lok Prakashan, the publisher of Gujarat Samachar–a Gujarati newspaper, bought 1,04,871 shares in Star Paper Mills at 172.94 per share.
The Enforcement Directorate (ED) said the company is listed on the Bombay Stock Exchange (BSE) and has an authorised dealer category-II licence issued by the Reserve Bank of India (RBI).
Among sectors, Nifty bank, auto, FMCG and PSU Bank indices were up 1-4 percent
Among sectors, Nifty bank, auto, FMCG and PSU Bank indices were up 1-4 percent
Vedanta’s board has approved a proposal to source 580 MW of green energy for its operations across India.
For the quarter, the S&P 500 fell 4.9%, the Dow lost 4.6% and the Nasdaq declined 9.1%, but for the month the S&P 500 rose 3.6%, the Dow gained 2.3% and the Nasdaq advanced 3.4%.
Any difference between the acquisition cost and fair value arrived as above shall be immediately recognized in the Profit and Loss Account, RBI said.