Dream rally: Investors' wealth doubled in 5 years in India's equity market on Friday.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The combined networth of India's 100 wealthiest is $381 billion (nearly Rs 25.5 lakh crore), a rise of 10 per cent from $ 345 billion in 2015
Good investors learn how to think beyond the obvious and to make deeper, less obvious judgments.
Appreciating rupee against the dollar and fresh buying by domestic institutional investors added to the momentum
IT companies have, in recent times, re-invested gains arising from a weaker rupee.
'During the pandemic, thousands of IT employees have lost their jobs.' 'Many of those who still have their jobs fear that they will lost it any moment.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Sensex ended at at 27,676, lower by 210 points and the Nifty broke the psychological level of 8,400 to end at 83877 down 70 points.
In the Forbes rich list Mukesh Ambani is ranked 39th.
India's cash-rich promoters are not the same as the wealthiest. For example, Mukesh Ambani is the richest Indian based on his stake in Reliance Industries, followed by Premji, the Adani family of the Adani group, and Radhakishan Damani of Avenue Supermarts.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
In dollar terms, TCS' market valuation rose to $84 billion.
Infosys, Wipro may follow suit as investors eye a piece of the large cash kitty as growth slows.
Shares of Tata Consultancy Services on Wednesday plunged almost 4 per cent, wiping out about Rs 16,000 crore (Rs 160 billion) in investor wealth, after the IT major indicated to analysts that weak India business and lower working days could drag down March quarter growth rate.
Tepid growth in verticals like banking and finance, healthcare, retail and automotive will drag overall IT spends in the current year, reports Debasis Mohapatra.
IT sector replaces auto sector after a 6-month gap.
Costlier offers, high import duties and a realignment of its business and distribution continue to dent iPhone sales in India in 2018
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
A new motivation needs to spread through the existing ranks to upskill and reskill themselves in the 55 new job roles for digital, says Ganesh Natarajan.
It goes without saying that the best performers are in the private sector, says TN Ninan.
