Banking and finance stocks have earned stellar returns over the past few years, thereby attracting retail investors. The sector index BSE Bankex has gained over three times since April 1, 2020, the year of pandemic, closely tracking similar gains in the benchmark Sensex. Given the importance of the lending sector not only in the stock … Read more
The chorus at India’s interest rate-setting panel appears to have grown louder with two outgoing external members — Ashima Goyal and J R Varma — underscoring the risks a ‘higher-for-longer’ approach poses for broader economic growth, the latest minutes of the meeting of the Monetary Policy Committee (MPC) review showed. “Excess monetary tightening can trigger … Read more
Antfin Singapore Holding has sold Zomato shares worth Rs 4,771 crore via block deals on Tuesday. The stake sale which involved selling of over 18.54 crore shares was done in two block counts of 9.27 crore shares each. While the stock fell initially, it ended at Rs 263.20 on the NSE, gaining by Rs 1.03 … Read more
Partho Banerjee, Head, Sales & Marketing, Maruti Suzuki, says “as of today, we do not see any supply issues and to be very honest with regard to the market, since right now we are going through the election phase, once the government is formed, how the policies are going to be formulated and other things … Read more
Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar … Read more
A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely. The once-every-four-years event cut in half the so-called mining reward, which is the amount of Bitcoin released from the network to compensate companies … Read more
New Delhi: Luxury carmaker Audi India on Tuesday reported 33 per cent increase in retail sales at 7,027 units for the fiscal ended March 31, 2024. The German automaker had sold 5,275 units in the country in 2022-23 financial year. “We have seen a robust growth of 33 per cent in FY23-24 on the back … Read more
Synopsis Recent reports indicate a decline in cement prices, causing a significant correction in cement stocks. However, it’s important to consider broader factors before making investment or trading decisions in the cement sector. Despite a temporary price dip, the sector continues to benefit from increased demand driven by infrastructure projects and improved balance sheet quality. … Read more
Synopsis While it was an interim budget, on one count it gave more indications even than a full budget. That count is the path which interest rates may follow. If one goes by the reaction of the debt market and the benchmark G-sec yield, the probability of interest rates coming down has increased very sharply. … Read more
The Passenger Vehicles (PV) segment volumes are expected to log a record 18-20 per cent growth this fiscal as the pent-up demand levels off amid hike in vehicle prices, CareEdge said in a report on Tuesday. It also projected the PV sales volume to continue this growth momentum in the next fiscal, driven by factors … Read more
