The markets saw a week of mild corrective movement as Nifty traded in a slightly downward-biased consolidation phase and ended the week on a negative note. The index oscillated in a 485-point range, between 26,178.70 and 25,693.25. Despite a supportive backdrop from the Fed with a 0.25% rate cut, and breadth deterioration pausing, the index … Read more
ET Intelligence Group: Initial trends from the ongoing earnings season suggest corporate India to have posted single-digit growth in both revenue and profit for the quarter ended September 30, with a muted performance by oil and gas companies offsetting a stellar show in the financial services sector. Revenue rose 7.2% from a year earlier, the … Read more
MUMBAI – UTI Asset Management is bullish on five major sectors and believes that smart money is set to chase them in the near term. The fund house is overweight on the financial services sector and has major exposure to it. “India with bank credit to GDP at less than 60% and retail credit to … Read more