Sustained FII inflows and fresh spell of buying by domestic institutional investors fuelled the rally
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
China now world's second largest share market, India is 7th
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
'India's manufacturing will take 10-15 years to catch up with China.'
In 1930, John Maynard Keynes predicted that by 2030 technology would be so advanced that three hours of work per day would suffice. Has AI brought about the transformation that Keynes predicted, asks Atanu Biswas.
Speaking at the RSS's annual Vijayadashami rally in Nagpur which was broadcast online and attended 50 swayamsevaks (volunteers) due to the COVID-19 guidelines, Bhagwat said when the Sangh says Hindustan is 'Hindu Rashtra', it does not have any political or power-centered concept in its mind.
The report by the reseach firm calls this double-digit growth as a welcome news for technology vendors - who see slackness in the US and European markets, and advises them to now recognise India as a consumer of IT than just a supplier. The report -- the State Of A-PAC Enterprise Technology Adoption: 2008, gives highlights of data collected from 777 companies in the Asia Pacific region via Forrester's Enterprise Technology Adoption Survery (Asia Pacific, Q4 2007).
In New Delhi's corridors of power, debate continues on whether the navy even needs a third aircraft carrier.
These companies are aggressively launching cheaper devices giving a tough time to the existing players.
India attracted $1.4 billion FIIs in November, says a report by HSBC.
Suzlon is the world's largest wind energy turbine maker and is listed on the Bombay Stock Exchange.
For current financial year, govt plans to borrow Rs 2.88 trillion in the first half of 2018-19, out of Rs 6.05 trillion planned for entire year
By Thursday, 830 confirmed cases of pneumonia, caused by the novel coronavirus (2019-nCoV), had been reported in 29 provincial-level regions in the country.
And why markets could give up 25 per cent of all these gains made since March 2020
In the first nine months of financial year 2022-23, India's exports of medical devices have grown by 17 per cent, while imports have declined by around 8 per cent, show the latest data compiled by the Association of Indian Medical Device Industry (AiMeD). However, import of 30 medical devices from China has risen between 25 per cent and 152 per cent during this period, the AiMeD has written to Commerce and Industries Minister Piyush Goyal in March. The AiMeD is an umbrella organisation of medical device makers.
The EV industry is at an inflection point and batteries will play a critical role ahead -- batteries and related components typically constitute 35-45 per cent of an EV's costs.
In the Sensex pack, ICICI Bank emerged as the top gainer by rising 0.97 per cent, while Tata Steel advanced 0.92 per cent.
The benchmark BSE Sensex and Nifty closed marginally higher in a volatile trade on Tuesday as gains in FMCG, power and energy stocks helped the indices extend gains for a fifth straight day. The 30-share BSE benchmark ended 20.86 points or 0.04 per cent higher at 58,136.36 with 16 of its constituents ending in the red. During the day, it hit a high of 58,328.41 and a low of 57,744.70.
Strange as it may sound, with as many as one-third of its population still living in poverty, the country is also home to the second largest number of affluent people with a whopping three million households which have over $1 lakh of investible funds.
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Markets ended tad lower with financials declining the most ahead of RBI policy review tomorrow.
The sentiment around Indian equities remains positive and unchanged.
'Continue with your SIPs to get the benefit of lower average prices in this challenging market environment.'
HSBC's purchasing managers' index was released on Tuesday.
"The intelligence community and the rest of the government are still looking at this. There's not been a definitive conclusion, so it's difficult for me to say, nor should I feel like I should have to defend press reporting about a possible preliminary indication here," National Security Council Coordinator for Strategic Communications John Kirby told reporters at a daily White House news conference.
Asia's largest helicopter, built by China and weighing about 13 tonnes, on Thursday received the stamp of approval from the Civil Aviation Administration of the country.
Software market in India grew 10 per cent to $4.76 billion in 2013, driven by strong adoption of cloud or subscription-based services, research firm Gartner said.
This is a high-stakes strategic conflict between a power which wants to preserve the status quo in its favour and one which wants to usurp that throne. The rest is all theatre, says Harsh V Pant.
Emerging markets facing 5th year of slow growth: World Bank.
China's covid crisis could provoke a raw material crunch for India's EV industry later this year.
'China feels India will be hard-pressed not to go after China because we are so badly dependent on them -- and that is the reality.'
The weakness in the rupee and broader markets has led to evaporation in the market cap.
Clearly,Trump will have a serious problem if it transpires that COVID-19's grandma, grandpa and great grandpa are actually domiciled in the US, notes Ambassador M K Bhadrakumar.
In the Sensex pack, Sun Pharma was the biggest gainer, rallying 4.48 per cent, followed by Bajaj Auto, Tata Motors, Coal India, Hero MotoCorp, Maruti and HCL Tech, rising up to 3.01 per cent. While, RIL, PowerGrid, HDFC, L&T, IndusInd Bank, NTPC and Bajaj Finance declined up to 1.50 per cent.
Gold, the safest haven amid the ongoing uncertainty, also emerged as one of the most lucrative investment options in financial year 2022-23 with an impressive return of 16.1 per cent in rupee terms, and 2.3 per cent returns in dollars. And, had it not been for the very high inflow of smuggled gold and the huge discount prevailing in the market due to high prices, the returns in gold would have been much higher, analysts said. The precious metal has consistently been delivering positive returns in India since 2016.
India to be 2nd largest IT market in APAC by 2019: Gartner
Experts believe while escalation with Pakistan might not have a significant impact on trade economics, both India and China have major trade and investments in each others' economies. While the dispute might continue, it could have a temporary effect on the markets.
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
