The midcap IT stocks‘ outperformance over their largecap peers and all other indices rests on their radical transformation from boys to men, argues Nuvama in a report. The brokerage picks LTIMindtree, Coforge and Persistent Systems as its top picks from the pack while initiating coverage on Mphasis with a ‘Reduce’ tag. Even as the Nifty … Read more
New Delhi: The last week of June was a mixed bag for domestic equity markets as benchmark indices settled with marginal gains. Weak rupee, FII numbers, looming fear of recession and inflationary pressure continued to weigh on sentiments. However, strong auto sale numbers and decent GST collection in June lifted sentiments. Benchmark indices – BSE … Read more
NEW DELHI: If there’s a recession in the US economy, can Indian IT services continue to bloom? That’s the question haunting investors in IT stocks ever since the US media started talking about the possibility of a recession. Even when the US Fed Chair Jerome Powell tried to soothe nerves by saying that “we’re not … Read more
As the stock market tumbles under the weight of the US Fed’s hawkish monetary policy, fund managers and analysts are advising investors to deploy cash in a staggered manner. They are selectively bullish on bank and IT stocks in the large-cap space. Within debt, mutual fund schemes that bet on medium- to long-term bonds could … Read more
Maharashtra minister and Shiv Sena leader Aaditya Thackeray, who on Wednesday paid a visit to Ayodhya, said his arrival at the temple town is not associated with politics but he is here to seek the blessings of Lord Ram. Thackeray, who tried to stay clear of politics, however said that central agencies have turned into … Read more
Emerging markets such as China and India, before they start celebrating stable fertility rates, will have to contend with ageing populations which don’t have enough savings to deal with old-age issues. Also, those employers will prosper who offer workplace childcare, fertility and family benefits. Diversity and inclusion at the workplace will be driven by Gen … Read more
The Indian market retested crucial support levels in June as selling by foreign investors pushed the Nifty50 lower by over 5 per cent so far in 2022 and many large and midcap stocks fell in double digits. In the quest to find value from the current fall, we have collated a list of 10 stocks … Read more
Month of May was particularly bad for IT stocks, as reflected in about 6 per cent drop in Nifty IT index. The main reason for such a fall is now crystal clear – data released by NSDL shows foreign portfolio investors (FPIs) sold stocks worth over Rs 16,000 crore from the sector amid volatile rupee. … Read more
The slowdown seen in India’s GDP growth to a four-quarter low of 4.1 per cent in January-March period of 2021-22 was mainly on account of impact of the third Covid wave and high commodity prices, opined experts. Indian economy grew at its slowest pace in a year during January-March, pulling down the Gross Domestic Product … Read more
The Reserve Bank of India is committed to containing inflation while keeping growth in mind, governor Shaktikanta Das told MC Govardhana Rangan and Bodhisatva Ganguli in an interview, during which he also spoke about borrowing, crypto and the reform agenda. Edited excerpts: You had said that the May 4 interest rate hike was the beginning … Read more