Mumbai: Traders are gearing up for a short-term run-up in banking stocks. The Bank Nifty has risen for four consecutive weeks, outperforming the Nifty, while there has been an increase in outstanding positions in its derivatives contracts. Analysts said when the Bank Nifty performs better than the Nifty for four straight weeks and its futures … Read more
Mumbai: The sizzling rally in shares of Bombay Stock Exchange has catapulted it to becoming the best- performing listed bourse in the world in the past year. Continued surge in trading volumes and signs of its equity derivatives segment picking up have driven shares of Asia’s oldest stock exchange by over 400% from the same … Read more
It was yet another strong quarter for India Inc as most companies reported better-than-expected numbers for the three months ended December, triggering further upgrades in earnings. Earnings of companies that are part of the Nifty 50 grew by 17% year-on-year (YoY), against expectations of an 11% growth, according to Motilal Oswal Financial Services. However, the … Read more
While the overall outlook for corporate India is promising, short-term volatility cannot be ruled out, given general elections are coming up. Synopsis For the sample of 3,381 companies, revenue grew 8.2% Y-o-Y in the quarter compared with a 17.3% rise in the year-ago period. Net profit rose 25% on a lower base of 2.2% growth … Read more
The central government has complete power with a clear mandate, but directives from the Centre have to be executed well at the state level. So, there are many things that are still not in Modi’s hands, says Raamdeo Agrawal, Joint Managing Director, Motilal Oswal Financial Services in an interview with Narendra Nathan and Sanket Dhanorkar. … Read more
