If the view is that rupee will depreciate, hedge your exposure by using forward cover
Though there have been no cancellations of contracts by invoking the force majeure clause, a number of clients - especially in the worst-affected sectors like travel and hospitality, oil and gas, as well as manufacturing - have started asking for reducing level of IT support.
Portfolio returns, say analysts at Morgan Stanley, are more likely to be driven by bottom-up stock-picking rather than top-down macro forces.
Gangster-turned-politician Mukhtar Ansari's brother alleged on Wednesday that inhuman treatment was given to him while being transferred to Banda jail from Punjab, saying it could have been better had he been shot dead at a road crossing.
Reliance Industries was the top gainer in the Sensex pack, rallying up to 15 per cent, followed by Kotak Bank, Maruti, HDFC twins, Titan, L&T and Axis Bank. On the other hand, IndusInd Bank, ONGC, ITC and Bajaj Auto closed with losses. the NSE Nifty settled 516.80 points, or 6.62 per cent, up at 8,317.85.
RIL was the biggest gainer in the Sensex pack, rising 2.63 per cent, followed by NTPC, Axis Bank, Tata Steel, PowerGrid, HDFC twins, Bharti Airtel, M&M, ICICI Bank, SBI and Bajaj Finance -- gaining up to 2.51 per cent.
An unmarked Pritam Kotal got in between the Goa centre-backs and nodded the ball into the net to give them the lead.
All Sensex components ended in the red. SBI was the top loser, followed by ONGC, Axis Bank, ITC, Titan, Bajaj Auto, TCS and IndusInd Bank.
Top losers in the Sensex pack included IndusInd Bank, Yes Bank, SBI, L&T, Tata Steel, M&M, Bajaj Finance, Vedanta, Tata Motors and RIL, tumbling up to 6.97 per cent.
Yes Bank topped the gainers' list on the Sensex. It was followed by HDFC, Bajaj Finance, HDFC Bank, ICICI Bank, L&T, SBI, Axis Bank and Kotak Bank -- rallying up to 5.24 per cent.
In the mid-tier space, clients with weak balance sheets are likely to ask for price revision apart from delay in payment.
the broader NSE Nifty settled 114.90 points, or 0.96 per cent, higher at 12,086.70. Axis Bank was the top gainer in the Sensex pack, rallying 4.21 per cent, followed by Vedanta 3.75 per cent, SBI 3.39 per cent, Maruti 3.20 per cent, IndusInd Bank 3.07 per cent and Yes Bank 2.87 per cent. Bharti Airtel slipped 1.98 per cent, Kotak Bank 1.38 per cent, Bajaj Auto 0.88 per cent, Asian Paints 0.31 per cent, HDFC Bank 0.05 per cent and HUL 0.03 per cent.
You also avoid capital gains tax during redemption in case the gold price is higher, making them tax efficient.
If the nominations are not in place, the heirs need to go through a lengthy process to get access to the money cautions Bindisha Sarang.
Two-time champions ATK rode on a David Williams brace to script a spectacular turnaround and storm into the final of the Indian Super League with a 3-2 aggregate win over holders Bengaluru FC, in Kolkata, on Sunday.
Top laggards in the Sensex pack included HDFC, ICICI Bank, TCS, HCL Tech, Kotak Bank, Asian Paints, TechM and HUL, dropping up to 2.67 per cent.
Young Indians seem genuinely enthusiastic about craft brands that are hip, aspirational and have plenty of the novelty quotient, says Dhruv Munjal.
Top gainers in the Sensex pack included Yes Bank, TechM, Bajaj Finance, Bharti Airtel, Maruti, Asian Paints and Hero MotoCorp - rising up to 5.30 per cent. The 50-share Nifty ended 85.65 points, or 0.79 per cent, higher at 10,948.25 points.
With equity and commodity exchanges allowed to enter each other's areas from October, brokerages are pump-priming their businesses to allow their clients seamless trading in commodities and equities.
Rupee depreciation to cut earnings 3-4 per cent in FY14.
Rupee has depreciated 8 per cent against the US dollar since beginning May'13.
A recap of events that occurred in India in the past 24 hours.
A summary of sports events and persons who made news on Tuesday
Sebi filed a criminal complaint against the brokers with the economic offences wing, which on Friday registered a case under the Forward Contract Regulation Act 1952.
Wellness expert Roopashree Sharma answers your health queries.
Three fund managers share their views and state where they are looking for value.
Since the Union Budget, gold has become costlier by 8-9 per cent because of a 2.5 per cent increase in import duty to 12.5 per cent and about a 5 per cent depreciation in the rupee.
Delhi resident Preeti Rathi, who was battling for her life at BombayHospital here for the last one month after a man threw acid on her, succumbed today.
Feroze Azeez, director -- investment products (private wealth management), Anand Rathi Financial Services Ltd -- answer our readers' questions on financial planning during an hour-long chat on Tuesday.
To get some useful investment tips, chat with Feroze Azeez, director -- investment products (private wealth management), Anand Rathi Financial Services Ltd on Wednesday, April 2 between 4 pm and 5 pm.
In a live chat on rediff.com on Wednesday, July 16, 4 pm, Feroze Azeez, will offer some valuable suggestions on investments.
The broader NSE Nifty, on the other hand, ended 2.70 points, or 0.02 per cent, lower at 11,555.90 in its third straight day of losses.
'We need more universal films like Dangal, Sultan or Padmavat that work across single screens and multiplexes.'
A Delhi court on Wednesday issued notice to the special cell of the Delhi police on an application by scribe Syed Mohammad Kazmi, an accused in Israeli diplomat attack case, challenging the extension of probe period by a magisterial court.
In a live chat on rediff.com to be held on Friday, July 11 at 4 pm, well-known equity specialist Devang Mehta will help you understand what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
A Delhi court has rejected a plea against a trial court order, dropping Abhishek Manu Singhvi's name as a witnesses from a complaint for prosecution of social activist Anna Hazare and his mates for allegedly instigating public against government during their anti-graft campaign.
The Central Bureau of Investigation has sought three months' time from the Gujarat high court to conclude its probe in the case of Sadiq Jamal, who was killed in an alleged fake encounter by the Gujarat police in 2003.Deputy Superintendent of Police and chief investigating officer of CBI Satish Kumar Rathi on Monday filed an application seeking more time.
Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about banking stocks.
"Patel's resignation will shake foreign and domestic trust in the RBI's autonomy and shows that a red line has been crossed."
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