Narrowing current account deficit will help the rupee strengthen against the dollar and appreciate to around 79 by the second half of the current fiscal, says a foreign brokerage report. The rupee is likely to strengthen towards 79 by end-FY24 from an average of 82 to the US dollar in FY23, Tanvee Gupta Jain, the […]
By Ruchit Jain Post last week’s expiry, we witnessed a gap down opening for our markets and selling pressure was seen throughout the week. Both Nifty and Bank Nifty continue to add short positions in the derivatives segment which added fuel to the ongoing correction. In the middle of the series, the option writers had […]
By Rahul Shah Equity markets globally remained impacted by worries on rising interest rates, elevated crude oil prices and liquidity tightening – which kept the market both volatile as well as jitter. markets registered losses in the last five trading days, Nifty closing at 16201 and Sensex closing at 54303, logging their first weekly losses […]
India’s rapid transformation to a digital economy gathered pace in 2023 with lots more innovation and some fresh legislation. Digital lending became widespread as the National Payments Corporation rolled out new products and Big Tech firms launched their offerings. Two defining pieces of legislation came into being, the Digital Personal Data Protection (DPDP) Bill and […]