This fresh flare-up of tensions in West Asia dealt a blow to market sentiment across the globe. Indian stock market benchmarks the Sensex and the Nifty 50 fell over a per cent each in morning trade on Monday, April 15. Also Read: Stock market crash today: Why is India stockRead More →
Over the past three years, Indian corporate earnings growth has maintained a solid momentum, achieving a CAGR of 24%, for Nifty50. Throughout this period of sustained expansion, there have been fluctuations. Following the challenges posed by the COVID-19 pandemic, businesses exhibited a remarkable recovery, as evidenced by a 40% growthRead More →
Axis Securities has initiated coverage on Man Infraconstruction with a buy call, fixing a target price of ₹270, implying a 28 per cent upside potential in the stock price. “We initiate coverage on Man Infraconstruction with a buy recommendation. Our recommendation is supported by (a) a healthy project pipeline, (b)Read More →
“IDFC First Bank has built a well-rounded platform, arguably among the most improved deposit franchises. Operational efficiencies will play out from H2FY25, and over FY24-27 strong deposit growth will aid loan growth that should aid 28 percent EPS CAGR even as credit costs rise. Improving ROA (to 1.5 percent) andRead More →
Asian markets traded higher, while the US stock market ended flat overnight in a choppy session. Investors now await the US Federal Reserve’s policy meeting minutes and key US inflation data for further cues on the timing and depth of interest rate cuts. On Monday, the Indian stock market benchmarkRead More →
The National Stock Exchange of India (NSE), on April 8, declared May 20 as a trading holiday in Mumbai due to the general elections voting, as per the notification released by the exchange. “The exchange notifies Monday, May 20, 2024 as a trading holiday on account of Parliamentary Elections inRead More →
On a weekly scale, the index rose about a per cent last week but formed a ‘Doji’ candle on the weekly chart, indicating market participants are indecisive about the market. As per brokerage firm Axis Securities, the chart pattern suggests that if Nifty crosses and sustains above the 22,650 level,Read More →
Before delving about FY25 outlook, it’s crucial to acknowledge that the consistent improvement in India’s earnings growth played a pivotal role in driving the stock market’s robust performance. During the initial fiscal year of 2024, the market was forecasting an average earnings growth trajectory of about 14-16% for the Nifty50Read More →
Indian stock market: The Indian benchmark indices, Sensex and Nifty 50, closed Friday’s session with marginal movements following the Reserve Bank of India’s (RBI) decision to maintain the repo rate at 6.5% for the seventh consecutive policy meeting. This decision marked the continuation of stability in the domestic equity market,Read More →
Top News NSE will launch four new indices on 8 April 2024 which are Nifty Tata Group 25% Cap, Nifty 500 Multicap India Manufacturing (50:30:20), Nifty 500 Multicap Infrastructure (50:30:20) and Nifty MidSmall Healthcare. India’s foreign exchange reserves (Forex) reserves increased by USD 2.95 billion to reach USD 645.58 BillionRead More →
