High frequency indicators including increase in GST collection, growth in private consumption, GDP print coming above market’s expectations, CPI inflation subsiding meaningfully, and a resilient earnings, suggest a sustained growth in the near-term, said an analysis report by Cushman & Wakefield. Other high frequency indicators such as monthly PMI surveys, retail sales, etc. too point […]
As predictions of a disappointing Q4 for IT come to life, the Nifty IT index slipped more than 8% in trade today morning. After reporting sub-par quarterly earnings on Thursday, Infosys share price crashed up to 14.6% from Thursday’s closing price to touch an intraday low of Rs 1,185.3. TCS share prices extended losses for […]
By Rajesh Palviya NSE Nifty 50 closed at 15752 with a gain of 53 points on a weekly basis. On the weekly chart, the index has formed a small bearish candle with a long lower shadow indicating buying at lower levels. The chart pattern suggests that if Nifty crosses and sustains above 15800 level it […]
India’s real estate sector has been an essential contributor to the country’s economic development, especially in a year marked by resilience and growth. The sector has demonstrated sustained growth and adaptability, highlighting its crucial role in steering India’s economic progress towards prosperity and innovation. The commercial realty market, which includes office spaces and retail developments, […]
UltraTech Cement’s (UTCEM) operating performance was in line with expectations, with consolidated Ebitda at Rs 33.2 bn compared to the estimated Rs 33 bn and Ebiitda per tonne at Rs 1,049 compared to the estimated Rs 1,043. The adjusted profit was Rs 16.7 bn compared to the estimated Rs 17.5 bn. The company was able […]
Indian benchmark indices are likely to open on a positive note, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were in the green at 18,088 level. In the previous session, Sensex closed above 61,250 and the Nifty settled above 18,000. “Technically, post the 17,900 breakout the market is comfortably trading above 17,850, which is […]
Russian President Vladimir Putin signed a decree exempting the current contracts with so-called “friendly” countries and companies from his ban on Russian oil sales imposed in response to price caps, according to the government’s website. Putin in December signed a decree that banned the supply of crude oil and oil products from Feb. 1 to […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: The domestic indices BSE Sensex and NSE Nifty closed in the green after the bears took over briefly. Sensex added 361 points to close at 60,927 while Nifty settled at 18,132, gaining 117.7 points or 0.6%. Bank Nifty added 0.54% to end at 42,859. All […]
The Indian rupee declined against the U.S. dollar on Thursday, as concerns over a European lender dented broader risk sentiment, but managed to remain on the stronger side of a past resistance level of 82.80.The rupee ended at 82.73 per dollar, against its previous close of 82.5950.Traders said foreign and state-run banks sold dollars around […]
By Ruchit Jain Post an extended weekend; our markets started trading with a gap down due to negative opening by Infosys and HDFC Bank post their results. The index recovered marginally from the lows and attempted to recover in Tuesday’s session. However, we witnessed a sharp sell-off in the last hour on Tuesday and Nifty […]
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