Following uproar over comments by DMK MP Dayanidhi Maran’s alleged remark that people from the Hindi heartland were cleaning toilets and doing other menial jobs in Tamil Nadu, Bihar Deputy Chief Minister Tejashwi Yadav on Sunday condemned saying that the remarks were “reprehensible”. Yadav said like his RJD, the DMK headed by Tamil Nadu Chief […]
Reliance Retail revenues may cross Rs 70,000 crore in terms of topline in the quarter ended March (Q4FY23), a growth of nearly 22% versus the previous year, according to Nomura. The company will disclose its financial numbers on Friday along with its parent Reliance Industries (RIL). Retail along with telecom has been powering the growth […]
Shares of Yes Bank may face selling pressure as the Reserve Bank-mandated three-year lock-in period for individual investors and exchange-traded funds is ending on Monday, according to analysts. The analysts expect distress on the bank counter on Monday as they expect investors, primarily the nine banks led by State Bank, which picked up almost 49 […]
By Siddhant Mishra At a recent pre-Budget roundtable, Ashish Chauhan, MD & CEO of the National Stock Exchange (NSE), batted for longer trading hours in the Indian markets. The Securities and Exchange Board of India (Sebi) has left the final decision to exchanges. Siddhant Mishra takes a look at the implications of longer hours for […]
By Siddhant Mishra The benchmark indices closed higher on Wednesday, driven by positive global cues and easing wholesale inflation. India’s WPI eased to a 21-month low of 5.85% in November. The Bank Nifty continued its upswing as the sectoral index hit a fresh all-time high for the second consecutive session on Wednesday. The index jumped […]
Despite strong global headwinds roiling financial markets worldwide, India’s equity market stood strong this year as a stellar performance of bluechips saw the 30-share Sensex soaring 4.94% so far, The 50-share Nifty has risen 4.82%. But 2023 is likely to be choppy and the returns might be moderate as a raft of factors, including geopolitical […]
Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as U.S. inflation data delivered no nasty surprises, reinforcing hopes the Federal Reserve will likely go for a smaller rate hike when it meets next week. Investors piled back into stocks in U.S. markets overnight as fears about contagion in the […]
By Shivangi Sarda Nifty 50 index opened positive on Wednesday and kept up with the bulls at higher zones and went on to touch 17965 zones. It sustained at higher zones with slight consolidation and closed with gains of 120 points. It formed a Bullish candle on the daily scale and gave the highest daily […]
Foreign investors offloaded around Rs 15,000 crore worth of Indian equities in the first two weeks of January amid risks of Covid in some parts of the world and recession worries in the US. Foreign portfolio investors (FPIs) have been adopting a cautious stance towards Indian equity markets for the past few weeks. According to […]
By Sameet Chavan We had an excellent start to last week owing to favourable global cues. However, markets failed to sustain at higher as the early morning gains just disappeared in the first half. During the remaining part of the day, Nifty kept flirting around the equilibrium point. Eventually in the absence of any momentum, Nifty […]
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