Equity benchmark indices Sensex and Nifty fell by 1% on Wednesday on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government’s credit rating, citing rising debt at the federal, state, and local levels and a “steady deterioration in standards of governance” over the past two decades. The … Read more
Benchmark indices posted their biggest weekly losses in more than three months, but 32 smallcap stocks managed to give high double-digit returns with public sector banks leading the list. Shares of , The Jammu & Kashmir Bank, Central , and Punjab & rose more than 16-45% in the week ended December 9 and also scaled … Read more
Brokerages have remained majorly positive on the cement pack, expecting companies to report decent growth in volumes, revenue and profit after tax (PAT) in the September quarter of the current fiscal year. However, the second is traditionally a soft quarter for cement producers from the demand point of view, considering the fact that monsoon hits … Read more