Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing price pressures, according to economists. They are now keenly awaiting the central bank’s commentary on inflation and growth to get an idea about how long it would continue with the easing cycle … Read more
Kolkata: Small finance banks that were forced into listing a few years back in accordance with their bank licensing agreement are having their best year as they have cleaned up their books and extended their deposit franchise. Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday … Read more
The Indian market closed in the green for the second consecutive day in a row on Friday tracking positive global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 closed above 19,600 levels. Sectorally, buying was seen in realty, consumer durables, infra, and IT stocks while selling was seen in telecom … Read more
Brokerage firm Investec maintained a buy rating on Ujjivan SFB. Goldman Sachs recommends a buy rating on HDFC Bank while Citigroup maintains a sell rating on Persistent Systems and ICICI Securities initiated a coverage on Craftsman Automation with a target of Rs 5557. We have collated a list of recommendations from top brokerage firms from … Read more
Indian equities ended on a positive note on Thursday, despite weak global sentiment. The Nifty settled with a minor gain of 30 points at 19,465, while the Sensex added 137.5 points, ending at 65,539. Sectorally, the media, realty, and healthcare indices led, while the metal index ended with a decline of 0.94%. Investor sentiment has … Read more
Indian equities ended on a somewhat flat note amid mixed global cues in a range-bound trade. The Nifty finished below 19,750, slipping a marginal 20 points. Sectorally, IT, metal, pharma, and private bank indices saw gains, while all other sectors experienced cuts. Given the current market dynamics, analysts recommend adopting a stock-specific approach in the … Read more
In the light of optimistic global market cues, Indian equities reversed two days of losses, ending with notable gains at the start of the week. The Nifty ended 108 points higher at 19,754 on Monday, while the Sensex advanced by 367 points. Outperforming its broader counterparts, the Nifty Midcap 100 reached a new intraday record … Read more
New Delhi: Bulls lost momentum during the holiday-trimmed week as domestic equity benchmark indices settled lower during the week, thanks to profit booking after a good start at the beginning of the week. Both Sensex and Nifty touched their fresh record high levels of 56,118.57 and 16,701.85, respectively, but settled about half a per cent … Read more