Rupee seen struggling to rise much in coming months: Poll
“Over the next three months, you could start seeing some support for the rupee come back again and the reason for that could be the Fed finally signals that it is going to pause,” said Sakshi Gupta, principal India economist at HDFC Bank.
Stocks to buy today: 7 short-term trading ideas by experts
The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 17800 levels on Monday.
ETMarkets Smart Talk: Planning to deploy Rs 10 lakh? Use STP to transfer money from liquid funds to equity funds: Jimeet Modi
We thought of the fact that this was the status-quo Budget, and no major tinkering has been done. The Government has continued its previous year’s trend of increasing the percentage spent on capex more than it’s spent on revenue expenditure.
ETMarkets Fund Manager Talk: Balance sheet clean-up widened investment avenues in debt instruments: Vivriti AMC
The reduction of the highest surcharge rate from 37% to 25% under the new tax regime would be welcomed by individual investors earning interest income through debt funds.
Big Movers on D-St: What should investors do with Divi’s Laboratories, M&M Financial and Cadila Healthcare?
Sectorally, buying was seen in telecom, realty, public sector and FMCG stocks while selling was visible in metals, utilities, power, and IT stocks.
Oil rises on supply concerns, China demand outlook brightens
Brent crude futures rose 40 cents, or 0.5%, to $81.39 per barrel by 0117 GMT, while West Texas Intermediate futures rose 43 cents, or 0.6%, to $74.54 per barrel.
ITC stock hits all-time high on Q3 numbers, gets price upgrade
BNP Paribas believes the “valuations still look reasonable” after the Kolkata-based cigarette-to-hotel conglomerate reported cigarette sales volume that grew, in percentage terms, in their mid-teens, while consumer staples and hotels businesses reported all-time-high operating margins of 10% and 31.5%, respectively.
Sebi puts in place operational guidelines on green bonds
The guidelines, to be effective from April 1, 2023, have come against the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to aligning the framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO
SBI offers a 31% upside, analysts bullish post Q3
Analysts, on aggregate, cut the consensus target by 1.15% to ₹713.76 per share, as per a Bloomberg poll of analysts. This represents a 31% upside potential from the current levels.
Special situation funds lap up Adani bonds
Adani Group bonds rallied on Monday, continuing Friday’s momentum after the group’s promoters said they will be repaying loans worth $1.11 billion early to release pledges on shares, ahead of their maturity in September 2024.