Ahead of Market: 10 things that will decide D-Street action on Tuesday

Ahead of Market: 10 things that will decide D-Street action on Tuesday

Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. Indian equities ended the first … Read more

2 top stock recommendations from Rahul Sharma

2 top stock recommendations from Rahul Sharma

“But I think technically speaking, as long as we are above 18600, Nifty should be fine. Dips should get bought into and what we also have to see is globally markets are also fine,” says Rahul Sharma, JM Financial Services.It is a growth oriented policy, yes. They brought down inflation expectation just a bit but … Read more

Currency in circulation down Rs 36,000 cr week after Rs 2k note move

Currency in circulation down Rs 36,000 cr week after Rs 2k note move

Mumbai: Currency in circulation declined by ₹36,492 crore a week after the Reserve Bank of India requested people to deposit or exchange the recently withdrawn ₹2,000 notes, most probably reflecting the value of notes returned to banks. Latest RBI data shows that the outstanding currency in circulation (CIC) as on May 26 was at ₹34.4 … Read more

Mauritian Wadia group may play role in Go First saga

Mauritian Wadia group may play role in Go First saga

New Delhi: A Mauritius-based Wadia group company that together with its affiliates indirectly holds a stake in Britannia Industries could take centre stage in a face-off between Go First‘s bankers – some of whom want collateral provided by that company overseas for loans taken by the airline to be included in a common security pool, … Read more

Time to look at pharma and speciality chemicals sector: Anand Tandon

Time to look at pharma and speciality chemicals sector: Anand Tandon

” I think there is a longer-term challenge to the business. Near-term, of course, the deal gains have been fairly robust. So this year is going to be definitely a challenging year for the IT sector. I think the market has already realized that and has traded it down. What we are looking now is … Read more

Rupee unlikely to recoup 2022 losses in the next year: Reuters Poll

Rupee unlikely to recoup 2022 losses in the next year: Reuters Poll

The Indian rupee will remain at its current level three months from now and gain only marginally by the end of February 2024, barely recouping any of its losses from last year, a Reuters poll of foreign exchange strategists found. The rupee has steadied after falling more than 10% in 2022, when it was one … Read more

Stocks to buy today: 6 short-term trading ideas by experts for 1 March 2023

Stocks to buy today: 6 short-term trading ideas by experts for 1 March 2023

The Indian market opened higher on Wednesday. The Nifty 50 index rose 103 points or 0.60% to 17,407, while the S&P BSE Sensex surged 346 points or 0.59% to 59,308, as of 9.22 am. The markets closed in the red for the eighth consecutive day in a row on Tuesday and the global setup suggests … Read more

MSCI index rejig today: These 4 stocks likely in limelight ahead of rebalancing

MSCI index rejig today: These 4 stocks likely in limelight ahead of rebalancing

MSCI Inc will announce the results of the quarterly review of its global standard indices later Thursday. The proposed changes will come into effect as of the close of February 28. Dalal Street will have its eyes glued to it given that several foreign investors use the MSCI indices as a gauge to invest in … Read more