NSE Nifty 50 index may have hit bottom at 15200, and now it looks set for a 10 per cent upside by July end, to move towards 16700-16900, Sanjiv Bhasin, Director, IIFL Securities, said in an interview with Surbhi Jain of FinancialExpress.com. Bank Nifty could reclaim 35000 levels. Owing to monthly F&O expiry on Thursday, […]
The Indian Rupee opened marginally higher at 82.68 per dollar on Monday against Friday’s close of 82.73. The domestic currency is likely to appreciate today primarily on the back of a weaker dollar. Moreover, expectations that the country’s current account deficit had likely peaked may help the rupee. On the other hand, a rise in […]
A new political front organisation of the 26/11 terror attacks mastermind Hafiz Saeed has fielded candidates for most of the national and provincial assembly constituencies across Pakistan for the February 8 general elections. Saeed, the founder of Lashkar-e-Taiba (LeT), has been in jail since 2019 after being convicted for several years in multiple terror finance […]
The Indian rupee depreciated over 11 per cent in 2022 against the dollar — its poorest performance since 2013 and the worst drubbing among Asian currencies — as the US Federal Reserve’s aggressive monetary policy propelled the greenback. The rupee closed 2022 at 82.61 to the US dollar, down from 74.29 at end of 2021 […]
Indian equity markets remain unimpressed with Budget 2023. After jumping nearly 2% intraday briefly, benchmark indices BSE Sensex and NSE Nifty 50 nosedived to end flat. According to analysts, there is nothing one can find negative in the budget announcement, and it could be game changer budget for the next few years. However, it failed […]
By Saloni Sachdeva Michael While India has a power market, it is far from optimal. Only 7% of India’s electricity generation is traded through three power exchanges (Indian Energy Exchange Ltd (IEX), Power Exchange of India Ltd (PXIL), and Hindustan Power Exchange Ltd). The situation needs to change, especially as soaring peak power demand and […]
Nifty 50’s correction at 17800 still looks frothy and expensive, says Nikhil Kamath, Co-founder, True Beacon and Zerodha. In an interview with Kshitij Bhargava of Financial Express Online, Nikhil Kamath, who has been named as the youngest philanthropist in the Hurun EdelGive list 2021, says that even if there’s a 5-10% correction going forward, in […]
Telecom major Bharti’s Q3 results were broadly in line with our estimates, reflecting healthy growth across segments and an uptick in margins. Consolidated revenue of Rs 35.800 crore was 2% above our estimate and increased 4% sequentially, reflecting: (i) +2% for India wireless and enterprise; (ii) +4% for homes; and (iii) +6% for Africa. Consolidated […]
Shares firmed on Monday as optimism over corporate earnings and China’s reopening offset concerns the Bank of Japan (BOJ) might temper its super-sized stimulus policy at a pivotal meeting this week, while a holiday in U.S. markets made for thin trading. The yen climbed to its highest since May after rumours swirled the BOJ might […]
Indian benchmark indices are likely to continue their losing streak to open in the red, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading lower, down 52 points, at the 17,385 level. On Friday, markets extended losses for a second session, pulled down by negative global cues. At close, Nifty was down 177 […]
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