By Jigar Trivedi Gold prices have given over 20% returns since last Diwali. The fundamental background is supportive for another strong rally in the yellow metal. The uncertainty related to the geo political risk / war premium or the US elections is likely to be a major Catalyst for an up trend. Moreover the central […]
India’s high income aspirations
By Ashok Gulati Let me begin by wishing the readers a very happy Christmas. May we all receive the gifts of peace and prosperity. When we talk of prosperity—individual or national—a lot depends upon individual efforts as also on the socio-economic framework in which one operates. The Bharatiya Janata Party (BJP) has recently won three […]
Closing Bell: Market remains volatile throughout the week, Nifty settles below 19800, Sensex over 66000, IT drops over 1%
The benchmark equity indices closed Friday’s trading session in negative territory. The NSE Nifty 50 ended down by 7.30 points or 0.04% to settle at 19,790.55, while the BSE Sensex ended down by 47.77 points or 0.07% to 65,970.04. Bank Nifty index gained over 191.60 points or 0.44% to settle at 43,769.10. The broader indices […]
Govt pays heed to RBI, moves to rein in food prices
To curb retail food prices, the government has announced a host of measures including ban on export of onion till the end of current fiscal, duty-free import of yellow peas, additional limits on stocking of wheat and allocation of additional quantities of the grain under the open market sale to bulk buyers from the buffer. […]
Warehousing surge in India
– By Avikshit Moral and Mahek Chheda In recent years, India has witnessed a monumental surge in its warehousing industry, signalling a pivotal shift in the country’s economic landscape. The robust growth of e-commerce (expected to reach $350 billion by 2030), advancements in technology, government initiatives and evolving consumer preferences have
Closing Bell: Markets end Friday marginally lower, Nifty settles below 19,750, Sensex below 65,800: Bank stocks under pressure
The benchmark equity indices closed week’s last trading session in the negative territory. The NSE Nifty 50 dipped 33.40 points or 0.17% to settle at 19,731.80, while the BSE Sensex dropped 187.75 points or 0.28% to 65,794.73.Bank Nifty index dropped 577.60 points or 1.31% to settle at 43,583.95. The broader indices ended largely in mixed, [&hellip
Jefferies maintains ‘Buy’ rating for Coforge, sees 14% upside amidst uncertain sector outlook
Jefferies has maintained a ‘buy’ rating for Coforge, with a revised target price of Rs 6,580 from the earlier Rs 5,250, indicating an impressive upside of 14%. In the recent report, Jefferies highlighted challenging macroeconomic conditions and furloughs lasting longer than usual in the third quarter due to shorter notices. Coforge’s management ant
Closing Bell: Muhurat Trade kickstarts Samvat 2080 on a firm note; Markets end strong, Nifty above 19,500 and Sensex closes with over 350 points gain, Nifty Small-cap Index hits new 52-week high
Diwali Muhurat trading Highlights: The benchmark equity indices NSE Nifty 50 and BSE Sensex closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained 100.20 points or 0.52% to settle at 19,525.55, while the BSE Sensex added as much as 354.77 points to 65,259.45. The […]
Bank, NBFC shares fall after RBI tighten norms on personal loans
Shares of bank and NBFC firms tumbled up to 7 per cent in morning trade on Friday due to heavy selling pressure after the Reserve Bank tightened norms for consumer credit. State Bank of India shares fell 3.34 per cent, Axis Bank declined by 3 per cent, Canara Bank went lower by 2.67 per cent, […]
Toyota Motor Co stops some SE Asia exports on Daihatsu scandal
Toyota Motor Co. halted shipments of six car models in some Southeast Asian countries as its subsidiary Daihatsu Motor Co. faces a widening safety scandal, theYomiuri reportedwithout citing sources. The models affected are those that Daihatsu had a part in developing, and include Veloz and Avanza, according to the newspaper. Shipments in Thailand,