Research by CRISIL Ratings predicted that tire manufacturers will report revenue growth of 7-8 percent this fiscal year, driven by a 3-4 percent increase in both volume and realizations. For the second consecutive year, sales will grow in the single digits (albeit it will be nearly double that of the previous fiscal year), following a…
Based on robust internal fundamentals and low inflation forecasts, India’s major economy will continue to grow at the fastest rate in the world in the 2023–24 fiscal year, according to a report released by the finance ministry on Monday. The Monthly Economic Review’s September issue also noted that recent events in the Persian Gulf have…
India’s foreign exchange reserves rose by USD 1.153 billion to USD 585.895 billion in the week ending October 13, following many weeks of declines, as per RBI statistics. Overall reserves fell by USD 2.166 billion to USD 584.742 billion in the preceding reporting week. The nation’s foreign exchange reserves hit an all-time high of USD…
Indonesia has lifted the suspension on agricultural products from India from March 25 with immediate effect, which is major relief to Indian exporters. Jakarta had suspended agricultural imports such as wheat, sugar, rice and maize from India after the latter failed to register its food safety testing laboratories, which issue Certificate of Analysis (COA), before…
Markets saw the biggest short cover in today’s trade as the weekly code call custom writers ran for the cover. The Nifty Bank surpassed the Nifty index by 0.5%, with both indices ending intraday highs at 25 1.25% / 0.75% respectively. Midcap shares such as Arvind Fashion (Hisar) ended with a gain of% 15% -20%….
Indices rise further as positive pharma and metal stocks rise as auto stocks rise to boost overall performance. The BSE Sensex is currently trading at 49,525.29, up 318.82 points, or 0.65%. The Nifty 50 is currently trading at 14,943.95, up 120.80 points or 0.81%. The Nifty Bank was up 0.66% at 33,123.20 and the Mid…
Indices trade higher on elegant banking and metal stocks.The BSE Sensex is currently trading at 48,825.43, up 106.91 points, or 0.22%. The Nifty 50 is currently trading at 14,673.25, up 39.10 points or 0.27%. The Nifty Bank was up 1.35% at 32,903.80 and the Mid Cap Index was up 1.77%. SBI Life, UPL, Bajaj Accounting,…
The BSE Sensex is currently trading at 49,687.54, up 743.4 points, or 1.52%. The Nifty 50 is currently trading at 196.70 points, or 1.34%, at 14,849.75. The Nifty Bank was up 2.32% at 33,493.95 and the Mid Cap Index was trading at 1.53%. Bajaj Finance, Bajaj Finserv, Eicher Motors, IndusInd Bank, and Kotak Bank were…
The Sensex and Nifty 50 started the session some in the negative country and jumped early. But they failed to establish themselves in a positive country. Benchmark indices saw interest selling in a negative country. Asian markets show mixed references. The Nikkei 225 is trading positively at 29,642, while the Hong Cheng index is down…
