Sameer Kaul from TrustPlutus Wealth highlights Quick Service Restaurants (QSR) as a dark horse sector, emphasizing the IT sector s challenging outlook. He discusses various market factors, including corporate earnings, FII flows, and Gen Z investing advice. Kaul says that given the surging monthly GST collections, we believe the earnings season will end on a positive note with no major hiccups.
Tyson Foods said persistent inflation weakened consumer appetites for beef, pork and chicken purchases, biting into profits in the company's fiscal second quarter.
Coherent had forecast $1.12 billion to $1.2 billion in sales in the quarter ended March 31. Industry analysts surveyed by Zacks Investment Research expected $1.17 billion.
The market is expected to consolidate further with a positive bias in the coming week, with a focus on corporate earnings, the third phase of Lok Sabha elections, UK s first quarter GDP numbers, and Bank of England s policy meeting, experts said.
The 30-share BSE Sensex dropped 732.96 points or 0.98 per cent to settle at 73,878.15 on Friday. The NSE Nifty also declined 172.35 points or 0.76 per cent to 22,475.85.