Adani Enterprises and Adani Ports & SEZ dragged the NSE Nifty 50 index down by 0.25% on Wednesday even as the BSE Sensex closed 150 points higher from the previous day. Since the 30 stocks that comprise BSE that do not include the Adani Group firms, despite the excessive turbulence and heightened volatility in the […]
The Indian rupee is expected to depreciate on Monday amid strong dollar and surge in crude oil prices. The dollar is hovering near its five-week high on rising bet for prolonged Fed policy tightening after Labour department revised its CPI data higher for prior three months. Additionally, university of Michigan surveys showed one year inflation […]
By Rajesh Palviya Nifty gapped up on the day of budget and witnessed extreme volatility throughout the day. We saw an intraday drop of 200 points but recovered sharply during the second half of the session. Nifty has bounced multiple times from 16800 levels indicating buying at lower levels. Since the past 5-6 months, index […]
After the Economic Survey 2023, markets are now eyeing Union Budget 2023 which is set to be presented on Wednesday, 1 February. Finance Minister Nirmala Sitharaman’s announcements, along with the US Fed’s interest rate hike decision, will dictate how domestic equities react tomorrow. Any favourable announcement that can boost economic growth, private investment, or consumption […]
The year 2023 has been better on the economic front for India than envisaged at its dawn. The Reserve Bank of India (RBI) has recently raised its forecast of the real GDP expansion for FY24 to 7% from 6.5% (this implies the same rate of year-on-year growth in calendar year 2023). It has also started […]
An increasing number of people are changing their citizenship and settling in foreign countries. Many nations run different programs to lure foreigners to settle in their country by not only offering lucrative investment opportunities but also citizenship and other tax-related benefits. Golden Visa and Golden Passport are the two immigration routes preferred by those looking […]
Infosys’ Q4FY23 results fell short of estimates due to a 3.2%q-o-q cc (constant currency) decline in revenues, mainly caused by unplanned project rampdowns in BFSI, Communications, and Hitech verticals in North America. These rampdowns affected utilisation, which ultimately reduced margins by 50bps q-o-q. Additionally, the large deal TCV at $2.1 bn was lower than expected, […]
Foreign portfolio investors (FPIs) have infused Rs 8,643 crore in the Indian equity markets so far this month on the reasonable valuation of stocks, according to analysts. FPIs infused a net sum of Rs 7,936 crore in equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. […]
By Dharmesh Shah Equity benchmarks extended gains over the third consecutive week amid decline in crude oil and industrial commodities tapering down inflation worry. The NSE Nifty 50 ended the volatile week at 16221, up 3%. Broader markets performed in tandem with the benchmark as Nifty midcap, small cap rose over 3%, each. Sectorally, all […]
Weekends are all about downtime. After a week full of work to meet deadlines, everybody needs some breather to relax and recuperate. From watching a favourite web series to planning a vacation, weekends are designated as family and me time. Tamer Kadry ,country general manager, Mars Wrigley India, talks to BrandWagon Online about his weekends, […]
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