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Market breadth was positive, with 2246 stocks advancing, 1256 stocks declining, and 152 stocks remaining unchanged.
Although the industry will be compelled to take price hikes, analysts of IIFL Securities believe the govt will restrict it; given that the elections are looming in some states in the coming months.
Accenture reported a 3% sequential decline in deal-bookings in Q4FY23 compared to earlier flat growth expectations, impacting the broader IT sector
According to a BSE notification dated September 28, it will be involved in the importing, warehousing, distribution, and exportation of pharmaceuticals.
The company stated in a regulatory filing that it had received an income tax assessment order/demand order for the financial year 2019–20 (assessment year 2020–21) with a tax demand and interest.
Although L&T withheld the precise amount of the order win, it classifies an order as "mega" when its worth exceeds Rs 7,000 crore.
The deal will be carried out through a wholly-owned subsidiary called Sun Pharma (Netherlands) B.V., the company said, adding that it would "enable Sun Pharma to acquire the balance 25% stake held by the local partner."
Analysts of IIFL Securities believe ACN’s Q4 results and soft FY24 organic growth outlook of 0-3% CC YoY, combined with the sharp decline in Managed Services bookings highlight the lack of tailwinds in the near-term demand environment.
After recovering overnight, the euro mostly maintained its position, but it was still close to its January low of $1.0482, which if it was breached would be the lowest since December.
Asian equities are trading in mixed sentiments after a Wall Street rebound.