9 states may post higher nominal GDP growth than country’s 10.5%
The average nominal GDP growth projected by the nine states for FY24 is 14%, well above the 10.5% nominal growth for the country projected in the Union budget as well as the average of 11.1% for all the 17 states analysed. Some experts are circumspect about these growth projections, given that the country’s overall growth […]
Can Nifty enter bear market amid global bank turmoil? How it has done in past crises
Nifty has typically entered a bear market during the global crisis, with midcaps underperforming even more significantly.
Tech View: Nifty forms small red candle. What should traders do on Thursday expiry
The short-term trend of Nifty remains positive, but the market is not gaining momentum through the hurdle. Unless the immediate resistance of 17,200 is taken out decisively on the upside, the chances of a sharp upmove could be less, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities, adding that the immediate support is at 17,020 […]
Foreign investment flow slows, but surging services exports may lead to current account surplus in Q4
The foreign direct investment (FDI) inflows dipped nearly 13% this fiscal till January, mirroring the negative sentiment in the global investment climate, while foreign institutional investors (FII) have sold equities worth $6.1 billion in the same period on net basis, Reserve Bank of India data showed.
Rekha Jhunjhunwala and family is the richest among new billionaires in India
India ranks third in the world with a total of 187 billionaires. Mukesh Ambani, who sits over a wealth of $82 billion, has overtaken Gautam Adani to bag the richest Indian title. Ambani is the only Indian to feature in the top 10 of coveted global billionaires list.
Will Fed hike or pause rates? Look at what Wall Street banks think
Wall Street banks are split over the future course of the US Fed’s rate hike path. The US central bank is slated to release its outcome later tonight. Here’s a look at the calls from top banks for the March meeting.
Jeff Bezos lost more wealth than Adani, Ambani combined
Adani is the Founder and Chairman of the Adani Group and is a first-generation entrepreneur. Adani Group is a diversified group which has business interests in power, ports, airports, cement, green energy and others.
Gold unstoppable! Should you buy at current highs or wait for correction?
“We expect further potential upside and maintain our bullish outlook for gold,” HDFC Securities’ Gandhi said while advising a buy on dips strategy instead of taking positions at current highs.
IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise
While the outlook on Indian banks has remained resilient amid rising credit growth in a well-regulated environment, the current predicament for the banking and financial services sector in developed markets has thrown a spanner in the works for Indian software exporters.
Hot Stocks: Brokerages view on Manappuram Finance, Bharti Airtel and Pidilite Industries
“The focus should be on portfolio diversification. The company is witnessing a strong growth outlook in the non-gold business. FY24 target includes 20% consolidated growth supported by non-gold,” BofA said.