Stock market sentiment is likely to remain optimistic going ahead, though some consolidation cannot be ruled out after the recent sharp rally in the benchmarks, analysts said. According to experts, the Nifty and Sensex could indeed move towards new record highs before the end of the year, if global cues stay supportive, crude oil prices … Read more
New Delhi: Finance minister Nirmala Sitharaman Friday said India’s economic growth is firmly anchored in robust domestic consumption that blunts the impact of external shocks, and that its evident resilience in the face of global turmoil is “neither accidental nor transient”. “The Indian economy is resilient and continues to grow sustainably,” she said, adfdressing the … Read more
India’s love for gold is once again a talking point — this time highlighting its economic strength. Gurmeet Chadha, Managing Partner & CIO at Complete Circle, has underscored India’s massive gold holdings, estimated at nearly $3.5 trillion, as a sign of the country’s deep-rooted wealth and resilience. Chadha, in a post on X, noted that … Read more
Indian equities closed out August with a second straight month of losses, as the Nifty fell 1.38% in a holiday-shortened month and recorded its weakest two-month stretch since early 2023. The benchmark index has been weighed down by U.S. tariff shocks, foreign fund outflows, and profit-taking across key sectors. Investors now face a pivotal week … Read more
The on Tuesday said there’s a need to jump start domestic consumption for India to achieve sustained growth even as export growth shows a definitive uptick. It said for the 18 year period ended FY21, the weighted contribution of exports was 28% and of consumption was 69% while for the seven-year period ended FY21, their … Read more