Indian market snapped its three-day losing streak on Monday supported by positive global cues. The S&P BSE Sensex rallied more than 300 points while Nifty50 closed above 15,800 levels. Sectorally, buying was seen in FMCG, banks, capital goods, and consumer durable stocks while selling pressure was seen in metals, energy, oil & gas and IT … Read more
“The new product launches will add value to and sales would be better in the coming couple of months. So I would buy Maruti with the target of Rs 10,000 from current levels,” says Rahul Shah, V-P, Equity Advisory, . After a 7% move coming from the auto index and with the auto sales data … Read more
Indian markets, like many other markets in the world, are undergoing a change in structure, says Rushabh Sheth, Co-Founder and Co-CIO at Karma Capital Advisors. “We expect that the leadership of the market might shift going forward. Everything goes through a cycle and we believe that there is a possibility that this cyclical shift will … Read more
ITC, part of diversified FMCG space, rose 25 per cent in about 6 months compared to over 9 per cent fall seen in the Nifty50, and the momentum is likely to continue in the near-term, suggest experts. The S&P BSE Sensex stock hit a 52-week high of Rs 282 on 20 May 2022 but failed … Read more
The BSE Sensex lost about 3,000 points to close at 51,360, whereas the Nifty50 index plunged close to 990 points to settle below the 15,300 mark during the week. Both indices are a little shy of entering the bear zone. According to the market experts, the aggressive rate hikes by the US Federal Reserve and … Read more
After frustrating investors on Dalal Street over the last couple of years, shares of FMCG conglomerate have seen a 21 per cent rally in 2022 so far, especially at the time when benchmark indices have seen sharp drawdowns amid fears of Fed rate hikes and heavy FII outflows. Analysts on D-Street have turned bullish on … Read more
After , Parag Parikh Flexi Cap Fund (PPFAS) has picked up another anti-ESG bet — . According to its latest disclosure dated May 31, the mutual fund scheme owned 19 lakh shares of Coal India. The popular mutual fund scheme, which has assets under management (AUM) worth over Rs 22,000 crore, is run by veteran … Read more
Amid reports of Turkey rejecting an Indian wheat consignment on quality concerns, Food Secretary Sudhanshu Pandey on Thursday said the government has sought details from the Turkish authorities on the matter as the concerned exporter has claimed that the shipment of 60,000 tonnes had all the required clearances. Meanwhile, after India banned wheat exports on … Read more
As taxpayers face technical glitch on the GST portal, the government on Tuesday said it is considering extending the April tax payment deadline and has directed for early resolution of the problem. The Central Board of Indirect Taxes and Customs (CBIC) said a technical glitch has been reported by Infosys in generation of April 2022 … Read more
NEW DELHI: Axis Bank shares were under heavy selling pressure on Friday amid rumours of a scam in its subsidiary Axis Mutual Fund. The stock plummeted over 4 per cent on BSE. Media reports said the mutual fund arm of the lender removed Viresh Joshi, head trader and fund manager, from the fund management team … Read more