GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade. Stocks in Focus: GIFT Nifty traded up 67 points or 0.34% at 19,809, indicating a positive opening for domestic indices NSE Nifty 50 and […]
‘India’s great consumption story will attract investors’
The US Federal Reserve’s recent dovish stance may lead to rate cut in the first quarter of 2024, believes Andrew Holland CEO, Avendus Capital Alternate Strategies. He tells Siddhant Mishra that India’s consumption story will continue to drive earnings upgrades. Excerpts:How do you see the markets in 2024?Our view is that the US Federal Reserve [&he
Stocks to watch: ONGC, Coal India, Glenmark Pharmaceuticals, SAIL
Stocks in Focus: GIFT Nifty traded up 65.5 points or 0.34% at 19555, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Monday. Previously on Sunday, the benchmark equity indices closed with gains during the Muhurat trading session on the auspicious occasion of Diwali 2023. The NSE Nifty 50 gained […]
Nifty support seen at 19,329, Sensex eye to 65,630: All eyes on rupee ahead of RBI Policy decision
By Anand James Nifty having taken support 19329, the recent reaction low on Friday, a buy on dips mode is in play, which should pacify the nerves of those worrying about a dip after Muhurat trading day. Going forward, we expect 19170 to hold in the event of extended dips, with intermediate support at 10d […]
Your Money: Rate cuts coming, but how soon?
By Joydeep Sen The US FedERAL Reserve meeting on December 13, 2023 —where it decided to maintain the Fed rate — was perceived as a pivot, with widespread ramifications on markets all over the world. A report called Summary of Economic Projections is published in every alternate meeting of the Federal Reserve. The median of […]
Rating: reduce | ONGC targets steady production
ONGC’s Q2FY24 Ebitda of Rs 18,400 crore experienced a 6% q-o-q decline, landing 8% below our estimate. This decrease can be attributed to slightly lower-than-anticipated volumes, elevated other expenses, and statutory levies. On the positive side, DD&A (depreciation, depletion and amortisation) costs of Rs 6,000 crore dropped by 11% q-o-q, surp
Bills replacing British-era criminal laws get President’s assent, become law
President Droupadi Murmu on Monday gave assent to the three new criminal justice bills which were cleared by Parliament last week.The three new laws — the Bharatiya Nyaya Sanhita, the Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Act — will replace the colonial era Indian Penal Code, the Code of Criminal Procedure and the […]
NBFCs and financial inclusion: Bridging the gap in underserved markets
– By Jyoti Prakash Gadia For the resilience and growth trajectory witnessed by the Indian Economy, the financial sector has played a critical role in the last few years. The commercial banks and the NBFCs have contributed towards the revival and development with an objective of inclusive growth. The financial inclusion strategy adopted by the [&hel
Tata Technologies offer price finalised at Rs 500 per share
Tata Motors on Saturday said its arm Tata Technologies has finalised the offer price, including the anchor investor offer price, at Rs 500 per equity share for its Initial Public Offering (IPO). The Rs 3,042.5 crore IPO of Tata Technologies, which provides engineering and product development digital services, was subscribed 69.43 times on the final
Markets end higher on November 29; top gainers include Axis Bank, Hero MotoCorp, Mahindra & Mahindra, while Financial Services and Media stocks are among the key losers
The benchmark equity indices ended Wednesday’s trading session in the positive territory. The NSE Nifty 50 soars 206.90 points or 1.04% to settle at 20,096.60, while the BSE Sensex jumped 727.70 points or 1.10% to 66,901.91. Bank Nifty index jumped 685.50 points or 1.56% to settle at 44,566.45. The broader indices ended in positive territory, [&hel