Stock Market Live: Indices open on positive note; sgx nifty in green

Welspun India to discuss share buyback, dividend during meeting with Q4 FY2023 results on April 27

Welspun India The company will discuss buyback of its equity shares and dividend declaration during its meeting to be held on April 27, the company said in its stock filing on Monday. The company will also announce its Q4FY23 results after the completion of its board meeting.

Despite closing down 0.49% At 83.06 on Monday, the company’s shares have been rallying since the announcement of the board meeting date to declare Q4 results. The market capitalization of the company was 7,514.65 crore on BSE on Monday. To prevent insider trading, it has closed the trading window for all designated persons, insiders and their relatives. ,Read more,

Wall Street stocks held steady on Monday ahead of earnings, economic data

Wall Street remained stuck in its rut ​​on Monday, and stocks again moved modestly ahead of reports that may provide more direction on where the economy and corporate profits are headed.

The S&P 500 rose 3.52 points, or 0.1%, to 4,137.04 after barely moving last week. The Dow Jones Industrial Average rose 66.44, or 0.2%, to 33,875.40, while the Nasdaq Composite slipped 35.25, or 0.3%, to 12,037.20.

Coca-Cola slipped 0.2% after reporting higher-than-expected profit for the first quarter but refrained from raising forecasts for sales and other measures for the full year. It was the only company in the S&P 500 to report on Monday morning, but more than 170 others are due to follow this week.

The question is whether they can overcome the lows Wall Street has set for them, and what the CEOs say about their prospects for profits later this year. Analysts expect S&P 500 companies to post their worst decline in earnings since the spring of 2020, when the pandemic paralyzed the economy.

Some of Wall Street’s most impressive companies are set to report this week, including Microsoft on Tuesday and Amazon on Thursday. Many of these Big Techs were among the top heavyweights in the stock market. Microsoft fell 1.4%, and Amazon dipped 0.7%. (AP)