By Sameet Chavan US markets had a weak session overnight and as a result, the SGX Nifty Thursday morning indicated a sluggish start. In line with this, our markets opened lower and post the initial nerves, the benchmark index NSE Nifty 50 settled around the 16250 mark. In fact as the day progressed, the fair […]
If crude oil prices stabilise fast, NSE Nifty 50 could potentially rise higher and help investors pocket approximately 15% in the current year 2022, said George Heber Joseph, CEO & CIO, ITI Mutual Fund, in an interview with Kshitij Bhargava of FinancialExpress.com. Joseph talked about the impact rising crude oil prices could have on India, […]
Dr Reddy’s has announced the acquisition of the generic portfolio of Mayne Pharma in the US for $105m. The portfolio had sales of $111m in FY22 (ending Jun-22). Our preliminary analysis suggests that the product portfolio is plain vanilla as all the products are oral solid dosage (OSD) and many have high competitive intensity. However, […]
Stock Market holiday today: Nifty and Sensex will remain closed on Tuesday, March 7 for Holi celebrations. Traders were confused regarding the holiday as the festival of colours will be celebrated on Wednesday, March 8 in Delhi and other parts of the country. Apart from Holi, there’s one more holiday in the month of March, […]
We recently attended Hindalco’s (HNDL) Investor Day 2023 in Mumbai last week and gained new insights into the company’s strategy, expansion plans, and sustainability initiatives. Key takeaways include: Novelis is maintaining a positive long-term outlook despite short-term uncertainties; the company’s India operations are focused on downstream expansion; management continues to allocate capital prudently, with no […]
Grayscale Investments, the cryptocurrency-trust manager vying for US approval to convert the world’s biggest Bitcoin trust into an exchange-traded fund, said Barry Silbert has resigned as its chairman. Silbert is chief executive and founder of Grayscale parent Digital Currency Group, the sprawling crypto conglomerate that is embroiled in several ongoing disputes in the wake of […]
Benchmark indices Sensex and Nifty eked out gains in volatile trade on Monday, extending the winning streak to a sixth straight day as gains in auto and IT shares offset losses in banking and FMCG stocks. Logging its longest gaining streak in four months, the 30-share BSE Sensex ended marginally up by 13.54 points or […]
Companies involved in China’s electric car industry are setting up shop in Hong Kong to leverage the city’s financial system for their global expansion, investing over $1 billion so far and creating hundreds of jobs. The world’s largest battery maker, Contemporary Amperex Technology Co. Ltd., said earlier this month it plans to open its international […]
Companies involved in China’s electric car industry are setting up shop in Hong Kong to leverage the city’s financial system for their global expansion, investing over $1 billion so far and creating hundreds of jobs. The world’s largest battery maker, Contemporary Amperex Technology Co. Ltd., said earlier this month it plans to open its international […]
By Shrikant Chouhan The benchmark indices BSE Sensex and Nifty 50 witnessed a short recovery on Tuesday. Technically, after the morning selloff the market witnessed a sharp intraday recovery from the level of 17050/57050. On daily charts, the index has formed Hammer formation which suggests indecisiveness between bulls and bears. We are of the view […]
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