Notable companies such as Colgate Palmolive (India) Ltd., Bharat Electronics, Apollo Pipes, Indian Bank, will also declare their first-quarter earnings on Monday.
As the tide turns in the global equity market, a couple of stocks took a heavy beating amid the ongoing correction on Dalal Street since the middle of October 2021.
According to market watchers, benign global liquidity, containment of COVID-19 cases, significant pickup in the pace of vaccination, sharp recovery in corporate earnings, and a market-friendly budget lifted the market mood in the recent past.
The BSE Healthcare index, on the other hand, has performed at pace with the frontline indices, rising by a little more than 21% year to date. The S&P BSE Healthcare is intended to offer investors a benchmark that reflects companies who are members of the healthcare industry and are included in the S&P BSE AllCap.
More caution is warranted in the mid- and small-cap space in the coming days even though the broad market indices saw a sharp turnaround from their lows in Wednesdays session after the BSE eased its earlier plan to impose strict price movement restrictions.