Indian Rupee depreciation – Winners and losers
Typically, net exporters, remittance receivers, or those with dollar incomes will gain, while net importers will get hit, when the currency weakens. Those with large foreign loans will see rupee interest costs rise. The equation is more complicated this time though as all currencies have depreciated against the dollar and the rupee may even have […]
India deal may not have everything on services: UK trade minister Kemi Badenoch
Before stepping down, former prime minister Boris Johnson set a target with Indian leader Narendra Modi to complete a free trade agreement (FTA) by Diwali on Oct 24. “(The deadline) is not arbitrary … it was set quite a while ago. But doing a trade deal is not a simple and easy thing. So what […]
Tech View: Nifty forming higher lows for 2 days. What investors should do on Thursday
“The short-term trend of Nifty has turned up sharply after a broader range movement of the last few sessions,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. He sees resistance at 17,600 and 18,000 levels in the near term, while the immediate support is at 17,150 levels.
Commerce and Industry Minister Piyush Goyal to meet export promotion councils on October 7
The meeting assumes significance as India’s exports contracted by 3.52 per cent to USD 32.62 billion in September against USD 33.81 billion in the same month last year, while the trade deficit widened to USD 26.72 billion during the last month.
Chart Check: This telecom stock at record high likely to surpass Rs 1,000 mark in next 2-3 quarters
Although, since November 2021, the stock largely moved in a range where Rs 780 acted as a stiff resistance while levels above Rs 600 acted as strong support. The stock recently gave a breakout from this range last week to hit a fresh record high of Rs 815.
5 midcap stocks from 3 sectors that have upside scope of 25% according to analysts
From a hospital stock, which has been quietly adding number of beds, to a gold loan-focussed lender, five stocks have seen an improvement in analysts’ score on SR plus and their stock prices have also moved higher. This improvement in score along with rise in prices took place amid wild market swings. Does better stock […]
Adani stocks defy technical weakness to stage smart rebound of up to 6%
Today’s rally in Adani stocks appears to be defying bearish signals from technical indicator TD Sequential. Bloomberg said the DeMark indicator that forecast drops in Adani Enterprises three times since 2009, suggests that last week’s near 6% slump in the shares of the company may extend, with the stock continuing to pare its more than […]
Hot Stocks: Global brokerages on M&M Finance, Indigo, Marico, Zomato
Goldman Sachs upgrades InterGlobe Aviation or Indigo to buy with a target price of Rs 2,210. Indigo’s market share gains are sustainable. Industry consolidation towards two large players will likely improve the pricing discipline, said the note.
Easy Trip Planners jumps 8% as board to consider bonus issue, stock split
Incorporated in 2008, Easy Trip Planners operates EaseMyTrip – the second largest online travel agency in India in terms of gross revenue. The platform is available as a website and mobile app. The travel agency offers a range of travel products and services and end-to-end travel solutions including airline tickets, rail tickets, bus tickets, taxis, […]
Electronics Mart India IPO kicks off: Should you subscribe?
On Monday, Electronics Mart India allotted 2,54,23,728 equity shares to 20 anchor investors for Rs 59 apiece, aggregating to about Rs 150 crore, the company said.