Indian stock market will be firmly under the grips of bears as global banking stocks continue to remain volatile. Domestically, RBI policy decisions will drive the market in the coming weeks. RBI will begin its 3-day monetary policy meeting on April 3rd and the outcome in key rates and economicRead More →
The First Citizen deal offered a respite after weeks of turmoil prompted by the collapse of tech-focused Silicon Valley Bank and punctuated by more bank failures and rescues. However, the impact of higher interest rates on the global economy still persists which has also been struggling with stubbornly high inflationRead More →
The trading activity in the domestic equity markets is expected to remain volatile this week as investors will focus on global cues for further direction, analysts said. F&O expiry, FII activity, and movement in the rupee and crude will also be watched by traders along with global bank stocks. 27Read More →
MUMBAI : Despite investor inflows through systematic investment plans (SIPs) crossing ₹13,000 crore for a fifth consecutive month in February, cash market turnover fell 20% during FY23. Meanwhile, the notional value of derivatives more than doubled thanks to persistent volatility that likely reduced delivery volumes and regulatory restrictions, which droveRead More →
Mumbai: Buying emerged finally on the battered Adani Enterprises’ (AEL) counter, driving the stock up 14% to ₹1,363.85 apiece on Tuesday after seven days of intense selling wiped a third off the stock’s value. AEL’s rise is significant because it is a Nifty 50 constituent. The buying was evident inRead More →
High volatility in two Adani Group companies—Adani Enterprises and Adani Ports—which are part of the Nifty 50 could persist despite the two stocks shedding 60% and 27%, respectively in value since the Hindenburg Research report surfaced a month ago, analysts said. However, they added that the gyrations could be smallerRead More →
Strong retail sales figures in the US helped investor sentiment who are cautious due to inflationary pressures and fear of recession. Meanwhile, most Adani stocks closed higher on Wednesday. MSCI said it will postpone the implementation of updates to the Foreign Inclusion Factors for two of the Adani Group companies–AdaniRead More →
The Indian stock markets on Wednesday ended with gains for the second consecutive day despite weak global cues. The US’s CPI inflation came above expectations raising fears of a hawkish Fed. Bond yields, too, jumped, so did the dollar index which is a concern for emerging markets. This meant thatRead More →
US CPI data showed prices rose 0.5% in January, more than the 0.4% forecast by economists. On the other hand, Fed officials gave mixed signals about bank’s future course of action on interest rates. Meanwhile, India’s WPI inflation eased to a 24-month low in January. 15 Feb 2023, 07:29:40 AMRead More →
The Page Industries Ltd stock fell to a new 52-week low of ₹37,170 on NSE on Friday. The company’s December quarter (Q3FY23) results have been rather disappointing, and it appears that the pain could linger for some time. In Q3, revenue growth was slow at 2.8% year-on-year to ₹1,223.3 crore.Read More →
