Indian equities ended marginally down on Friday, but benchmark indices clocked weekly gains for the third consecutive time. The weakness on Friday was largely due to the selling pressure in the banking and financial services sector following the Reserve Bank of India’s move to tighten rules on unsecured consumer loans. This move saw shares of … Read more
CA Rudramurthy BV, MD, Vachana Investments, says “keeping in mind both the past record as well as what we see currently on prices, I feel the low which the market made at around 18,840 will be a very firm bottom and every dip is a buying opportunity. For me, the market will be more stock … Read more
Equity indices declined for a second day straight on Wednesday as investors remained on the sidelines ahead of the US Federal Reserve’s interest rate decision. Stocks that were in focus included names like Patanjali Foods, which declined 1.45%, Tata Motors, which fell 0.17%, and Sun Pharma, whose shares gained 2.61% on Wednesday. Here’s what Riyank … Read more
Equity indices declined for the sixth straight session on Thursday amid tension in the Middle East. The 30-share BSE Sensex slumped 900 points to settle below the 64,000 mark, while the Nifty dived 264 points to 18,857. Stocks that were in focus included names like BSE, which rose 1.97%, Jubilant Food, which declined 3.84%, and … Read more
Equity benchmarks resumed their decline on Wednesday amid sluggish trends in global markets. The 30-share Sensex plunged 551 points to settle at 65,877, while the Nifty declined 140 points to end at 19,671. Stocks that were in focus included names like Ultratech, which fell 0.17%, Maruti Suzuki, which gained 0.23%, and Trident, whose shares dropped … Read more
Sugar stocks gained up to 8% on Wednesday riding on concerns over production in the wake of weak monsoon in the growing areas. The top gainer was Rana Sugar which was up 5% in the opening trade. It was followed by Shree Renuka Sugars, The Ugar Sugar, Dwarikesh Sugar, Eid Parry, Triveni Engineering & Industries … Read more
Benchmark equity indices Sensex and Nifty rallied for the second straight session on Monday. The BSE benchmark Sensex climbed 240 points to settle at 65,628, while Nifty rose 93 points to end at 19,528.80. Stocks that were in focus included names like Kotak Bank, which fell 0.37%, IDFC First Bank, which gained 5.78%, and Nazara … Read more
Mumbai: Dollar-rupee forward premium rates, which represent the interest rate differential between the US and India, have jumped over the past week due to hardening domestic bond yields and the Reserve Bank of India’s (RBI) efforts to manage the impact of hefty foreign inflows on liquidity and the local monetary unit that already faces stiff … Read more
“You had two large blocks of economy which were artificially slowed down and obviously we had a significant rate hike in US which also created some bit of slowdown in that segment. I think as we go forward one year, China will continue to get normalised and provide some global growth,” says Anand Shah, ICICI … Read more
“There is a high probability that we might have a surplus during the year and currency stability has also been a lot more better. And growth expectations, even the reiteration of growth, which could probably be over 7% by the Reserve Bank of India governor himself, I think goes to show that overall things are … Read more