The RBI interest rate decision, industrial production data for June and the ongoing quarterly earnings from corporates would largely drive the stock markets this week, analysts said. Other major factors such as global market trends, the movement of oil prices and the trading activity of foreign investors would also influence trading, they added.… Continue reading Markets to focus on Q1 earnings, RBI interest rate this week: Analysts
Tag: Markets
These bull riders have dipped below 200-SMA as markets tumble
Web Exclusive Premium Market is trading on a weak note The domestic market breached a key moving with a gap-down session average on Wednesday, something that triggered a negative sentiment when gauged on the technical charts. The build-up of the reversal sentiment further received acceleration as both indices opened Thursday’s session on muted terms,… Continue reading These bull riders have dipped below 200-SMA as markets tumble
Manipal help Byju’s, August rains, markets, full-service airline
Finally, there is a piece of good news for troubled ed-tech startup Byju’s. Manipal Group chairman Ranjan Pai is in talks to invest in Byju’s-owned Aakash. Byju Raveendran — who holds a 30% stake in Aakash — is expected to partially offload his stake to Pai and use the money to repay a big… Continue reading Manipal help Byju’s, August rains, markets, full-service airline
US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%
India’s benchmark indices slumped as much as 1.5 per cent on Wednesday amid a global selloff triggered by Fitch Ratings’ downgrade of US government debt. The Sensex plunged 1,027 points, or 1.5 per cent, in intra-day trade before recouping some of the losses to end the session at 65,783, down 676 points, or… Continue reading US rating downgrade by Fitch spooks markets; Sensex, Nifty slump 1.5%
Petrochemical PLI, farm export ban, markets, no-confidence motion
The government is considering a production-linked incentive scheme for the chemicals and petrochemicals sector. The aim is to transform India into a prominent manufacturing hub for these crucial products. But does this sector really need a PLI boost? Industry experts usually hail PLIs. And they believe that it will work wonders for the… Continue reading Petrochemical PLI, farm export ban, markets, no-confidence motion
Banking, Bharat Mandapam, markets, Global Biofuel Alliance
Mahindra & Mahindra has picked up a 3.53% stake in RBL Bank. And in an exchange filing, the company has said that it was open to acquiring as much as 9.9% stake in the private lender. And M&M isn’t alone in its ambitions in the lending space. Other large Indian business houses – like… Continue reading Banking, Bharat Mandapam, markets, Global Biofuel Alliance
Markets enter bullpen, SBFC Finance GMP at over 60% & more
Markets enter bullpen: Aim at swinging for the fences Just when it looked like the benchmark National Stock Exchange Nifty would breach 20,000, the index saw a pullback to the 19,560 level amid selling by foreign portfolio investors. Analysts say the index will find it challenging to surpass 20,000 quickly and could consolidate… Continue reading Markets enter bullpen, SBFC Finance GMP at over 60% & more