Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 49%
Once again everything is looking green, the way things have panned out in the last four weeks, it appears that in March bulls were on short term break due to tight liquidity conditions. While the local liquidity condition might improve, one thing which needs to be taken into account is that with every rise the […]
Road ministry capex surpasses Rs 3 lakh crore in 2023-24
Ministry of Roads Transport and Highways achieved a record capital expenditure in 2023-24, constructing 12,349 km of national highways. Despite exceeding capex targets, project awards and constructions fell short of initial goals.
India uses peace clause fifth time, for rice subsidies given in 2022
India invoked the peace clause for exceeding the 10% support ceiling for rice farmers, breaching WTO subsidy ceilings with $52.8B rice production and $6.39B subsidies, surpassing the 10% de minimis limit.
Alcoholic beverages, jam among 12 items to get export push
In 2022-23, processed food exports from India amounted to $10.6 billion, increasing at 22.4% compound annual growth rate in five years while the overall agricultural and food exports were around $53 billion, growing 6% year-on-year. India aims to increase agricultural exports to $100 billion by 2029-30 from around $53 billion now.
Overseas Indians book a returns trip, send home a record $29 billion in Q3
Remittances are a source of permanent flows, unlike repatriable NRI deposits, and these help in narrowing the current account deficit (CAD), which has steadily shrunk as a percentage of India’s gross domestic product (GDP).
Unstoppable gold hits new all-time high of Rs 71,505; silver breaches Rs 83,000/kg for first time
The recent uptick has been on account of slippages in the dollar index (DXY) which has declined by 1.30% over the last one month. Today it was hovering near the 104.13 mark, up by 0.02 or 0.02%.
F&O stocks to buy today: ICICI Bank, Apollo Tyres among top 6 trading ideas
On the stock futures front, FIIs have bought to the tune of 13637 contracts, while on the Options Front, FIIs bought 167901 call contracts and 162395 Put Option contracts.
Big movers on D-Street: What should investors do with Hindustan Zinc, Vodafone Idea and Angel One?
Stocks that were in focus included names like Hindustan Zinc, which jumped nearly 17%, Vodafone Idea, which fell 2%, and Angel One, whose shares declined 3.06% on Tuesday.
Sensex hits 75,000, was at 25,000 when PM Modi won 10 years ago
The BSE sensex, India’s most closely watched stock market bellwether, crossed the 75,000-point mark on Tuesday, indicating past successes of the Indian economy and market and raising hopes for future wealth creation. On the NSE, Nifty also reached a new lifetime high of 22,768 points during early sessions before closing at 22,643, down 24 points.
Bain Capital sells 1.08% in Axis Bank for Rs 3,575 crore
Some of the buyers included Birla MF, Blackstone, BofA Sec, Mirae MF, Nippon India MF, Nomura, Norges Bank, T Rowe Price, among others.