Godrej Consumer (GCPL) is one of our top pick from our Staples Coverage Universe over a one-year horizon. We present here our investment rationale: Increasing traction in the domestic business should improve margins and return ratios. The focus on profitability improvement in the African region (GCPL’s second largest sales contributor) and continued discipline in capital […]
By Vikram Patel With the new year just around the corner, it becomes vital to foresee the trends that will shape the healthcare industry, considering how technology has already revolutionized this landscape to a large extent. With this in mind, it is crucial to note that the upcoming year can mark the onset of a […]
By Rajesh Palviya NSE Nifty 50 index started the previous week on a flat note and selling pressure throughout the week dragged the index to close at its lowest point. Nifty 50 closed at 16411 with a loss of 691 points on a weekly basis. On the weekly chart the index has formed a long […]
Stock Market Today, Nifty, Bank Nifty: Domestic indices may remain volatile on Monday amid overhang from SVB intervention. Investors are eyeing India CPI inflation data which is scheduled to be published today. The Nifty futures on the Singapore Exchange (SGX) were trading 39.50 or 0.23% lower at 17,398.00 in the early morning trade. Asian markets […]
Oil prices inched up in early Asian trade on Thursday, extending gains from the previous two sessions on signs of a strong economic rebound in China, the world’s top oil importer, which offset worries about a rise in U.S. crude inventories. Brent crude futures rose 12 cents, or 0.1%, to $84.43 a barrel at 0231 […]
Warren Buffett’s Berkshire Hathaway AGM 2023: Warren Buffett and Charlie Munger concluded the Q&A session today. They covered a lot of ground, including regional banking troubles, their scepticism around artificial intelligence “hype,” the rationale behind Berkshire’s recent investments in Japan, and the dollar’s status as a reserve currency, while offering up patented advice on investing. […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might continue to extend their losses, as Nifty futures traded 50 points lower at 17,713.5 on the Singaporean exchange. On Monday, the markets snapped a nine-day gaining streak, with Sensex giving up the 60,000 mark and closing 520 points lower at 59,910 […]
Benchmark indices BSE Sensex and NSE Nifty traded flat on Wednesday, after paring early morning gains. Nifty 50 was at 17,048.4, up by 5 points while Sensex was at 57,857, down 0.07%. The broader markets also were in green, with Nifty Smallcap 100 up by over 1%. HDFC Bank, Reliance Industries, Adani Enterprises, Kotak Bank, […]
Capital markets regulator Sebi on Thursday allowed stock exchanges to launch multiple contracts in the same commodity in a bid to encourage broader participation of investors in commodity derivatives market. This would come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. Also read: Biocon, Elin, KfinTech, […]
By Rajesh Palviya In Nifty current series there has been a Short Covering witnessed with increase in price of 5.77% and decrease in OI by 54%as of Wednesday, wherein there was unwinding of 60.75 lakh shares in OI, decreasing from 112.89 lakh to 52.14 lakh shares ahead of the monthly expiry. Nifty current month rollover […]