NSE, BSE to remain shut tomorrow on July 17 on account of Muharram
The Indian stock markets will remain closed on Wednesday, July 17, 2024, in observance of Muharram, marking the beginning of the Islamic calendar’s first month, one of the four sacred months in Islam. Consequently, the equity segment, equity derivative segment, and SLB segment will not be operational for the entire day.
Similarly, the currency derivatives segment and commodity derivatives segment will also be closed throughout the day on Wednesday.
However, trading in the commodity derivatives segment and electronic gold receipts (EGR) segment will only be halted during the first half of the day, from 9:00 AM to 5:00 PM. These segments will resume trading in the evening session from 5:00 PM to 11:30 PM/11:55 PM.
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Accenture- Cautious outlook for FY24; clients focusing on cost reduction, limited discretionary demand
By Nomura
Accenture (ACN) reported Q4FY2023 revenue of $15.99 billion, showing a 4% y-o-y growth in constant currency (cc) terms. This performance falls within the midpoint of the company’s guidance range, which projected a y-o-y growth of 2%-6% for Q4. However, the consulting revenue exhibited weakness, experiencing a 2% y-o-y decline in CC terms. On the other hand, managed services revenue showed robust growth, increasing by 10% y-o-y, also in CC terms. In verticals, the communications, media, and technology (CMT) sector faced significant challenges, with a substantial 12% y-o-y decline in CC terms. In terms of regions, North America emerged as the weakest performer, registering only a modest 1% y-o-y growth in CC terms. Accenture improved its a…