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Katya Naidu
28 Sep 2023, 14:36

Election euphoria to guide Dalal Street ahead of soft Q2 earnings

Election euphoria to guide Dalal Street ahead of soft Q2 earnings

Election euphoria to guide Dalal Street ahead of soft Q2 earnings

India Inc might see a softer earnings season ahead in the second quarter, with vagaries like uneven monsoon, rising inflation and rallying crude. The stock markets, however, are chugging ahead on long-term triggers like 2024 general elections. Nomura has recently upgraded India to overweight on account of its structural story. It’s seen as a major beneficiary of the “China+1” theme, possessing a large, liquid equity market.

JioAirFiber could unlock a $7-10 billion revenue opportunity: Jefferies
28 Sep 2023, 13:28

JioAirFiber could unlock a $7-10 billion revenue opportunity: Jefferies

JioAirFiber could unlock a US$7-10 billion revenue opportunity as it could spur broadband adoption among 85 million Pay-TV homes that do not have internet access today, according to a report by foreign brokerage Jefferies. The Fixed Wireless Access (FWA) offering, JioAirFiber, was launched last week in eight key cities in India.

Nifty, Sensex trade flat after early gains
28 Sep 2023, 11:03

Nifty, Sensex trade flat after early gains

The Sensex and the Nifty climbed in early trade on Thursday but later gave up all the early gains to trade lower amid muted global trends and continuous foreign fund outflows. Larsen & Toubro, JSW Steel, Axis Bank are the top gainers. Tech Mahindra, Asian Paints, Hindustan Unilever are the laggards.​