Rail Vikas Nigam (RVNL) and Vodafone Idea stand among 7 stocks granted seats at the MSCI’s Global Standard index while Bandhan Bank was excluded as part of the global index service provider’s August rejig. Due to this inclusion, RVNL is likely to attract passive fund inflows worth $219 million while Vodafone Idea may likely be … Read more
MSCI stated that the India’s largest private lender HDFC Bank’s weightage will be increased in the Global Standard Index but in 2 tranches. The long-awaited weightage increase of HDFC Bank will be happening in the month of August, however MSCI has made an exception by raising with lower adjustment factor, leading to an inflow of … Read more
New Delhi: India’s July retail inflation slowed to 3.54%, its lowest in nearly five years, on the back of a sharp decline in food inflation, data released Monday showed. Economists struck a note of caution, pointing out that the drop was largely due to the base effect of high inflation last year and that it … Read more
Strong global market cues provided a major impetus to the market as the Sensex surged more than 1,000 points in intra-day trades on all-round buying support. India Vix also descended from 20 levels to 15 during the week, which signals an easing in the cautiousness in the market and improvement in sentiments. The second half … Read more
“So, obviously, Sun will be my top of the priority in the Nifty universe as well and I would also look at Lupin, the numbers were in line with what we were estimating. So, I think post Sun, Lupin would be my preferred bet,” says Rahul Shah, MOSL.What is your view on the pharma? I … Read more
The Reserve Bank of India (RBI) is likely to keep interest rates unchanged this week as high food prices prevent any tilt toward softer policy, but easing core inflation and a global turn toward lower borrowing costs could make a case for the central bank to shift to a neutral stance in the next quarter … Read more
Following a sharp 17% rally in Zomato shares amid blockbuster results, the new-age stock could rally to Rs 292 in the near term, with a stop loss at Rs 252-240, says Anand James, Chief Market Strategist at Geojit Financial Services. “Directional moving indicators and most oscillators point to strength and continuation of the uptrend. Fast … Read more
The Nifty opened with a gap down on Friday after reaching a new all-time high in the previous session and experienced weak price action throughout the day, closing down by 293 points. Meanwhile, the Bank Nifty has been underperforming and may continue to do so. On Friday, the Nifty closed lower by 1.2% at 24,717.70, … Read more
“So, we will have to wait and watch, but as things stand today, the commodity prices are under pressure, metal prices are under pressure, and we will have to wait and watch what happens. Again, I will repeat, it will to a great extent depend on what happens in China,” says Sudip Bandyopadhyay, Group Chairman, … Read more
Mumbai: India’s non-state banks are likely entering a period of margin compression, deterioration in asset quality, rising provisions and high credit costs, the June-quarter results for most private sector lenders have signalled. Banks are also expected to see intense competition in deposit accretion that could push up fund costs. Apart from the seasonal impact, heightened … Read more
