Global brokerage firm Morgan Stanley (MS) upgraded India’s status to overweight, observing a ‘long wave boom’ in its economy. Here’s how the brokerage has reshuffled other countries in its list
During Thursday’s trading session, the benchmark index Sensex witnessed a significant decline, shedding approximately 542 points and settling at 65,240. Notwithstanding this notable market downturn, 7 stocks listed on the BSE financial services index achieved fresh peaks in the previous 52 weeks. The 52-week high serves as a crucial technical gauge for assessing a stock’s […]
On the higher side, the market could move up till 19450-19500. On the flip side, below 19350, the selling pressure is likely to accelerate. Below which, the market could slip till 19300-19250
India’s growth prospects intact in FY24; sequential increase in food inflation in June: Finance ministry report
“Indian economy’s domestic dynamics continue to be strong. Real GDP growth data for the last quarter of FY23 reaffirmed the ability of the Indian economy to grow on the strength of its domestic demand and investment despite a rise in global uncertainties and moderation in global output,” it said in its monthly economic report for […]
India’s capital markets regulator, Sebi, has approved Offer For Sale (OFS) for private-listed Infrastructure Investment Trusts (InvITs) through a stock exchange mechanism. InvITs offer investors opportunities to invest in infrastructure projects and provide risks diversification through pooling arrangements.
In a statement, it said Vedanta Resources’ weakened access to cash flow from its operating subsidiaries at a time of challenging external financing conditions has raised its refinancing risk.
According to the bulk deals data available with the exchanges, Twin Star has offloaded 15.4 crore shares in the company. The transaction was done at a weighted average price of Rs 258, which is at 5% discount to Wednesday’s closing price
Option data suggests a broader trading range between 19,000 and 20,000 zones while an immediate trading range between 19,200 and 19,600 zones
India needs to focus on manufacturing to achieve sustained 7-7.5 per cent growth until 2030: CEA V Anantha Nageswaran
As regards the services sector, he said the composition should change in favour of high value added services as this would improve earnings by attracting foreign demand. “The Indian economy, in real terms, needs to grow annually at 7-7.5 per cent until 2030… The share of manufacturing in total gross value added has to increase […]
Tata Group’s fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 crore for the quarter ended June 2023. Its quarterly revenue jumped 19% YoY to Rs 10,306 crore. Both figures were below the Street estimate. During the quarter, the company’s margin fell 239 bps to 9.9%.