Samvat 2079 looks more promising for Nifty bulls than last year. Here’s why
“The Indian market has been outperforming the global markets as of now and we anticipate a decent rise in the next one year with targets of 20,500-21,000 anticipated since the last one year has been stagnant and with a breakout above 18,600 zone, at least 12%-15% gain is expected,” domestic brokerage Prabhudas Lilladher said.
Trader’s Guide: These 2 stocks can rise up to 6% in near-term
The markets managed to stay above crucial support levels on Friday, coming off the high point of the day. Monday is a Mahurat session that generally stays quiet and positive but is more symbolic in nature. However, with strong and stable global markets, the domestic ones are likely to see trading with a positive bias. […]
History tells us that FIIs have been net sellers in only four calendar years since 2003
In the last few years, any reference to an increase in interest rates in the US led to a short-term rout in stock markets of many countries including India, and thus the acceptance of the above phrase on Fed sneezing.
RBI continues to shop for US bonds for 4th month in a row
Investing in US treasury has a twin advantage at a time when the US Federal Reserve is increasing rates and the dollar is getting stronger, said Bank of Baroda chief economist Madan Sabnavis. It helps gain higher returns in the long term. “Also, investment value remains strong. Any other currency will face depreciated value on […]
Private banks’ profit margins soar in Q2
ICICI Bank reported a 31-basis-point increase in NIM to 4.31% in the September quarter from a year earlier. NIM is the difference between the yield a bank earns on loans and the interest it pays on deposits, and is considered a key matrix to judge bank profitability. One basis point is 0.01 percentage point.
Undeterred by global central banks’ moves, long-term FPIs stay put in Indian equities
The share of sticky foreign funds – these include global central banks, pension funds, sovereign funds, and entities where a majority stake is owned by governments – in equity assets held by foreign portfolio investors rose to a record 24.30% last month, data from NSDL show. The increased share of sticky funds is an indication […]