Experts expected some consolidation in the market as most positives are already discounted in the market and valuations are high. On the technical front, Anand James, Chief Market Strategist at Geojit Financial Services, pointed out that if the bulls choose to ride on the momentum, we could stretch as farRead More →
Commencing the year with a tentative stumble amid concerns of a potential global recession and fears of rate hikes from major central banks, both the Nifty 50 and S&P Sensex experienced declines of 4.12% and 3.03%, respectively, in the first three months. However, the indices swiftly rebounded in April, propelledRead More →
In November, the Indian auto industry witnessed a wide divergence in wholesale growth across segments, with two-wheeler (2W) volumes rising 31% YoY. The growth was 3-7% for passenger vehicles (PVs) and tractors, while trucks saw a decline of around 4%. According to global brokerage Jefferies’ estimates, domestic two-wheeler (2W) wholesalesRead More →
The Sensex and Nifty both closed with minor losses of 0.1 per cent each. However, Nifty Midcap and Nifty Smallcap registered gains, closing higher by 0.03 per cent and 0.68 per cent respectively. Among the top gainers were Nifty IT, Nifty Metal, and Nifty Pharma, while Nifty Realty, Nifty PSURead More →
Indian shares hit a fresh five-month low on Tuesday as domestic lenders tracked losses in global peers on the back of US lenders Silicon Valley Bank and Signature Bank crisis that sparked a global sell-off in the sector. The Nifty 50 index was down 0.4% at 17,084, while the S&PRead More →
The two-wheeler industry has been in the slow lane for quite some time now, owing to muted demand conditions. However, there are some pockets that are performing better. There is a premiumization trend playing out with demand shifting from lower-cc vehicles to higher-cc ones. Thus, companies catering to mid- andRead More →
