Goods exports see green shoots, rise 6.2% in October
The gap between exports and imports widened to $31.46 billion on the back of a jump in gold imports, official data released Wednesday showed. It was at $19.37 billion in September and $26.3 billion in October last year. Gold imports rose 95% to $7.23 billion last month.
Market infra stocks zoom as Street gets busy again
Analysts, however, warn these stocks might be overbought after the recent run up. “… when markets are bullish, brokers, dealers and other intermediaries, tend to benefit because their cost structures are such that when topline improves, profitability goes through the roof,” said Sahil Kapoor, market strategist at DSP Mutual Fund.
India Inc Q2 profit surges, revenue growth muted
Revenue expanded in single digits as consumer goods companies faced volume pressure and IT companies continued to struggle for growth.
Nvidia’s record rally may be showing signs of overheating
Shares of the Santa Clara, California-based company have climbed 22% during their latest surge, adding about $220 billion in market value, according to data compiled by Bloomberg. This has propelled their relative strength index, a 0-100 gauge of bullish and bearish price momentum, above 70 on Tuesday.
Market looks ready for another pre-poll rally
For starters, in the six months leading up to the 11 general elections held between 1980 and 2019, the Sensex averaged an impressive 14.3% return, underlining the stock market’s capacity to navigate and prosper amid political uncertainty and transitions.
Indices jump over 1% mirroring gains in global markets
“The biggest reason for gains today is the favourable US inflation data along with the S&P, Dow and Nasdaq seeing its largest gain since April this year,” said Aamar Deo Singh, head advisory at Angel One Broking.
IndusInd Bank, Paytm, Suzlon and 6 others to join MSCI Standard
After the rebalance, the number of domestic stocks on the Standard Index will rise to 131, and India’s weight on it could rise to 16.3%, up from the current 15.9%.
RBI tells Bajaj Finance to stop ‘eCOM’, ‘Insta EMI’ loans
Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its ‘bob World’ mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank […]