View: RBI strikes a right balance between growth and inflation
The rate hike was decided by a majority of 5 out of 6 members. The policy pegged India’s GDP growth at 7% during the financial year 2023 and maintained inflation at 6.7% for the same period. Going forward, RBI will remain resolute and continue with its efforts to ensure price stability as well as financial […]
World economy is in the eye of a new storm and no one is insulated from it: Shaktikanta Das
“In the last two and a half years, the world has witnessed two major shocks– the Covid-19 pandemic and the conflict in Ukraine. These shocks have produced profound impact on the global economy. As if that was not enough, now we are in the midst of a third major shock -a storm -arising from aggressive […]
Indian consumer spending expected to be high this festive season: Deloitte survey
As per the ‘Global State of the Consumer Tracker’ by Deloitte, Indian consumers are willing to spend on both travel and hotel stays, and also have the intention to buy either a new or used vehicle within the next six months. In a statement, Deloitte said the findings indicate that consumers plan to increase their […]
9 firms see over 20% sales, profit growth in Q2 of last 2 yrs; 7 stocks double in value
As September quarter results are about to start flowing in over the next few days. ETMarkets found nine companies that have posted at least 20% sales and profit growth in the September quarter of the last two years. These companies have also maintained EBIDTA margins over 20%. Interestingly, 7 out of 9 stocks have over […]
Tech View: Nifty trading range between 16,500-17,600. What investors should do on Monday
On the weekly chart, the index formed a small negative candle with a long lower shadow, which suggests the formation of a bullish hammer-type candle pattern at the lows.
Households still expect inflation to be in double-digit over a one-year time horizon
Households’ median inflation perceptions for the current period increased by 90 basis points (bps- one bps is 0.01 percent)) since July 2022 to 10.2 per cent in September 2022, but remained flat compared to the expectations in the survey of the same period a year ago. It rose by 50 bps each for both three […]
What’s bad for the Indian rupee is good for these 10 stocks
The fall in the domestic unit was triggered by the strengthening of the greenback to new highs amid monetary tightening measures in the US.
This Warren Buffett favourite is also the only multibagger among Berkshire’s top stocks
Even as US stocks are battling a bear market, energy stocks have been dominating the list of S&P 500 gainers so far this year, with Oxy at the top of the gainers’ chart, defying the S&P 500, which has already corrected 22.5% this year.
Heritage Foods spikes 16% as board approves 1:1 rights issue
“The board has constituted and authorized ‘Rights Issue Committee’ to decide detailed terms and conditions of the issue, including but not limited to deciding the payment modalities/schedule thereof, record date, timings, other terms and conditions and all other related matters,” the filing added.
Navratri Special from Religare Broking: Play on EV space! Bajaj Auto could see a 29% rally in a year
Going ahead, the company has sourced a new supplier to combat semiconductor shortages. Furthermore, the company would focus on restocking inventory at dealer levels.