Nifty Bank: Key levels to watch out for on Friday

The index, which has been outperforming the benchmark index Nifty, surpassed the levels of 40,000 and formed a sizable bullish candle. Moreover, all components of the index ended in the green. Analysts see Nifty Bank having support at 39,000 levels and resistance at 40,700 levels. Momentum oscillators are in the strong buy zone and the […]

Wage growth squeeze emerging as bigger worry in India: India Ratings

According to the report, households accounting for 44-45 per cent of the GVA have witnessed a decline in nominal wage growth to 5.7 per cent during FY17-FY21 from a high of 8.2 per cent during FY12-16, implying that wage growth in real terms is close to just about 1 per cent.

India imposes 20% export duty on rice

As per a release by the Department of revenue ,under the Ministry of Finance, the 20 per cent levy will be levied on export of rice in the husk (paddy or rough), husked brown rice, semi-milled or wholly-milled rice, whether or not polished or gazed (other than Parboiled rice and Basmati rice).

Turnaround Story: 9 stocks gain over 25% in just 2 months

We analyse Nifty 500 companies which turned into profit-making in the recent quarter as compared to their sequential quarter where they have posted losses. To check which stocks got good momentum after turning into profit, we drill down the list further and consider only stocks which have gained over 25 per cent in just over […]

Defence stocks soar up to 110% so far in 2022. Which one should you buy?

About a week ago, the defence ministry approved the sixth Positive Indigenization List (PIL) of 780 items, which will further curtail defence imports. The share of imports, which is about 35 per cent of the total defence procurement budget, has come down in the last two to three years.