Stocks in focus: The GIFT Nifty was 0.34% lower during Friday’s early trading session at 19,317, indicating an opening in the red for domestic indices NSE Nifty 50 and BSE Sensex. On Thursday, domestic benchmarks NSE Nifty 50 and BSE Sensex ended in negative territory. The Sensex closed down by 0.6% at 65,151.02, while the […]
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Fund managers shrug off soaring valuationsFund managers shrug off soaring valuations
Supported by strong economy and a universe of fast-growing companies, India is now the most expensive market among its peers. While the Nifty trades at a price to earnings (P/E) multiple of around 21 times on estimated current earnings, South Korea trades at 14.75 times, China (11.3 times), Malaysia (14.55 times) and Taiwan at 18.1 […]
Global Markets: Stocks fall with Apple, dollar rises after US dataGlobal Markets: Stocks fall with Apple, dollar rises after US data
Global stock indexes were mostly lower on Thursday, with the S&P 500 and Nasdaq falling with shares of Apple, and the U.S. dollar advanced after weaker-than-expected U.S. jobless claims data. Initial claims for state unemployment benefits fell unexpectedly to 216,000 in the week ended Sept. 2 from a revised 229,000 the week before. The latest […]
Global Markets: Asia stocks at 10-month low as traders brace for BOJGlobal Markets: Asia stocks at 10-month low as traders brace for BOJ
Stocks and bonds were under pressure on Friday as investors hunkered down for U.S. interest rates to stay higher for longer, while waiting to see whether the Bank of Japan might cap a busy week by charting a course out of its ultra-easy monetary policy. No policy change is expected in Japan but with inflation […]
Interim Budget to stick with fiscal glide path, target 5.2% deficit in FY25Interim Budget to stick with fiscal glide path, target 5.2% deficit in FY25
With buoyant revenues likely ensuring that the 5.9% fiscal deficit target is met in the current financial year, the Centre may target to bring it t down to 5.2% in FY25, while sticking with the medium-term glide path for 4.5% deficit by FY26. However, this would entail compression of the revenue deficit, more sedate growth […]
CIE Automotive India: Brokerage expects margin boost, check best price to buyCIE Automotive India: Brokerage expects margin boost, check best price to buy
The shares of CIE Automotive India surged 1.02% intraday on August 18, on the National Stock Exchange. The analysts at Geojit Financial Services have recommended a ‘Buy’ rating for the scrip, stating that the “current growth story in the domestic market and the focus on building the EV product portfolio and operational performance in the […]
EMS IPO to open on Sep 8; sets price band at Rs 200-211 per shareEMS IPO to open on Sep 8; sets price band at Rs 200-211 per share
Water and sewerage infra player EMS Ltd on Monday said it has fixed a price band of Rs 200-211 apiece for its Rs 321-crore initial public offering (IPO). The issue will open for public subscription during September 8-12 and the bidding for anchor investors will open on September 7, the company said in a statement. […]
Closing Bell: Markets see profitbooking, Nifty closes below 20,000 and Sensex loses steam, ends around 66,200Closing Bell: Markets see profitbooking, Nifty closes below 20,000 and Sensex loses steam, ends around 66,200
It’s a sea of red across Dalal Street with all the major indices closing in the red. The Fed impact was well and truly reflected the way the markets sold off last week’s gains. The Nifty closed below the 20,000 mark at 19,679, down almost a per cent. The Sensex too closed well below 67,000 […]
IT earnings seen to be weak in Q3IT earnings seen to be weak in Q3
Revenues of IT services companies for the December 2023 quarter are expected to be weak, since a full-fledged recovery in the IT sector is still some time away. The third quarter could also reflect pressure on operating margins of software players thanks to the wage hikes and higher-than-expected furloughs. However, some firms may be able […]
Siddaramaiah justifies activist’s arrest in Babri demolition case, BJP calls it ‘witch hunt’Siddaramaiah justifies activist’s arrest in Babri demolition case, BJP calls it ‘witch hunt’
Karnataka Chief Minister Siddaramaiah dismissed the opposition’s allegation of hate politics in connection with the arrest of a man linked to the riots that took place after the Babri Masjid demolition in 1992. The police in Karnataka on Monday arrested a 50-year-old man for his alleged involvement in the riots in Hubballi post the Babri […]