Indian market closed in the red for the third consecutive day in a row on Friday. The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 19600 levels. Sectorally, selling was seen in oil & gas, metal, telecom, FMCG and energy stocks. Stocks that were in focus include names like Bombay … Read more
Amid weak global cues and cautious March quarters earnings, Indian equity indices remained in the red last week. However, on Friday, Reliance Industries and ICICI Bank results matched the expectation of the analysts. The BSE Sensex index ended 847 points or 1.40% lower at 59,538, while Nifty50 fell 204 points or 1.14% at 18,828 last … Read more
“With Indian markets being relatively insulated from global uncertainty, the domestic markets are trading at relatively higher valuations as compared to its EM peers,” says Reshma Banda, Head-Equity & Executive VP, Bajaj Allianz Life Insurance.In an interview with ETMarkets, Banda, said: “The long-term India growth story remains intact and from a macro perspective India remains … Read more
“Allocate 35-40 % in banks, 15% in midcap software, 15 % in auto, 15% in profitable platform companies and 10% in new age digital companies,” says Dipan Mehta – Founder Director at Elixir Equities Pvt. Ltd.In an interview with ETMarkets, Mehta, said: “Banks, as this is the golden period for them with decent demand for … Read more
“Interest rate hikes by the global central banks have strengthened fears of recession while inflation still remains high in the global economy,” said Ravi Singh, Vice President and Head of Research, ShareIndia. In an interview with ETMarkets.com, Singh said he is highly bullish on the auto sector and his top picks are , , and … Read more