FII and retail positioning ahead of election results look scary, warns Rupak De of LKP Securities
“A favorable outcome for BJP is likely to take the index on a wild ride towards 23,500. However, at this juncture, 24,000 appears slightly unlikely, at least in the 4-5 trading sessions.”
Restoration of Indian Economy since 2014 a case study for Harvard, says Nirmala Sitharaman
The restoration of the Indian economy, especially banks since 2014 is actually a lesson for the Harvard Business School said Nirmala Sitharaman finance minister of India, while addressing the gathering Gujarat Chambers of Commerce and Industry (GCCI), in Ahmedabad on Saturday. The finance minister was speaking on the topic Vikshit Bharat 2047.
India a standout performer amidst sluggish global growth trends: Economic Affairs Secretary to World Bank
India’s Economic Affairs Secretary, Ajay Seth, highlighted the impressive growth of India’s economy during a meeting with a World Bank committee in Washington. He noted that despite global challenges, India’s GDP growth estimate for the fiscal year has been revised upwards to 7.6%, showcasing the country’s resilience and strength. Seth emphasized that India’s consistent growth […]
CBDT ready to address queries on Mauritius DTAA update
The clarification follows concerns by tax experts over the agreement opening past investments to scrutiny from tax authorities at the time of exit following the protocol, which was inked on March 7. A key concern expressed by experts is about reopening of past cases in view of the amended provision.
Economy poised for 8-9% growth, says CII President
“We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. This will play a crucial role in scaling up capacity and capability to create larger large-scale Indian manufacturing businesses,” said Confederation of Indian Industry (CII) president R Dinesh.
3 stocks Rajesh Palviya is bullish on for next week
But overall stock-specific action is clearly there in the market. The sectors which have already shown the breakout in the recent past are continuously showing the buying interest.
What to expect from the Indian stock market next week? Ashi Anand answers
Pharma is something that we are expecting to do reasonably well. Consumption is another segment and it is a very important part of the market, but consumption growth is clearly kind of subdued.
Yes Bank Q4 results: PAT jumps 123% to Rs 452 crore
Yes Bank Q4 Result: During the quarter ending on March 31, 2024, Yes Bank disclosed a standalone net profit of Rs 452 crore, marking a substantial increase of 123% compared to the Rs 202.43 crore reported in the same period the previous year. Furthermore, the bank’s interest income saw a notable rise, reaching Rs 7,447.17 […]
Copper and aluminium prices at multi-year highs. Here’s why
Looking ahead, as prices are hovering near multi-year highs, there are chances of a technical correction, but such moves are unlikely to set into major liquidation. Since the supply-demand dynamics are supportive of prices, the ongoing positive sentiment will remain intact for the short run.
9 equity mutual funds deliver up to 61% in six months. Do you own any?
Around nine equity mutual funds have offered more than 40% return in the last six months. These schemes gave returns ranging between 40.74% – 61.32% in the said period. Here are the toppers, according to ACE MF