Indian market is likely to head higher on Monday tracking positive global and domestic cues. The Nifty future closed positive with gains of 0.34% at 22703 levels on Friday. India VIX was up by 1.7% from 24.18 to 24.60 levels. Volatility spiked above 26 levels during the week and has caused discomfort to the bulls. … Read more
The Indian government’s electronics and IT ministry has approved a total of 314 applications with proposed investments of Rs. 86,824 crore under a modified special incentive package scheme till May 31, an official note said. The proposals that were approved in May included an investment of Rs. 596 crore from Bosch Automotive Electronics Private Limited, … Read more
Putting restrictions against imports to boost manufacturing in India may backfire and we should not get excessively excited on this issue, says the analyst, asksandipsabharwal.com State Bank of India came out with good numbers, especially on the moratorium front. They have a historic loan book which may not be dominated by the salaried class and … Read more