SIP inflows a saviour for Indian market, seen sustaining
“The whole penetration story continues to play in the mutual fund industry and this is one of the reasons that is driving flows through the SIP route. Besides, SIP has become an alternative investment avenue, and has done well over a 3-year period,” said Sameer Bhise, banking analyst at JM Financial Institutional Securities.
Corporate Radar: HDFC Bank, L&T Infotech results, Hilton Metal board meeting and more
Kaarya Facilities and Services’ board will meet for consideration of bonus share allotment
Wall Street Week Ahead: As US markets churn, some stick with rare 2022 winner: energy shares
Few also see any end to the selloff in broader markets, as stubborn inflation boosts expectations for more market-punishing rate hikes from the Federal Reserve and other central banks. The S&P 500 is down around 24% this year while bonds – as measured by the Vanguard Total Bond Market index fund – are down nearly […]
Infosys surges 5% after strong Q2, can gain 15-20% in near term
Most analysts believe the company will continue gaining market share in technology adoption. Given strong deal wins, robust revenue guidance and a ₹9,300-crore buyback announcement, analysts said the stock has a 15-20% upside in the near term. The stock closed at ₹1,477 on Friday.
Indices jump 1%, shrug off hot US inflation data
The BSE Sensex ended at 57,919.97, up 684.64 points or 1.20% from the previous close. The Nifty gained 171.35 points or 1.01% to end the day at 17,185.70. Benchmark indices had surged as much as 2% earlier in the day.
MPC meet mooted cautious approach to rate hike action
To be sure, the MPC deliberated upon its policy approach before the publication of the September consumer inflation print, which climbed due to persistent increase in food prices through a period of extended monsoons.
India’s WPI inflation eases to 10.7 per cent in September
“Inflation in September, 2022 is primarily contributed by rise in prices of mineral oils, food articles, crude petroleum & natural gas, chemicals & chemical products, basic metals, electricity, textiles etc. as compared to the corresponding month of the previous year,” stated a press release. Inflation in food articles basket in September eased to 11.03 per […]
Reliance may have an edge in race for Metro India
One of the people said while the CP Group is still in the fray, there are chances Reliance may be the only one to place the final bid, which will make it an exclusive offer. “With Reliance, the deal will be a cakewalk with no pressure from domestic retail lobbies and Reliance will absorb all […]
Bajaj Auto crosses Rs 10,000-crore revenue mark in Q2 as local sales double
The manufacturer of the Pulsar and Platina motorcycles sold almost 1.2 million vehicles during the quarter, 23% more than the preceding quarter and 1% higher than a year earlier. Domestic sales almost doubled quarter-on-quarter to more than 694,000 units. Exports declined 21% sequentially to 581,000 units as the global economy faces headwinds.