Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
BofA Securities has revised its year-end Nifty target from its earlier projection of 16,000 to 14,500 now - down over 6 per cent from the current levels. Fast tightening monetary conditions, slowing growth/fears of US recession and the likely Nifty EPS (earnings per share) cuts, BofA Securities said, are the key headwinds for the markets in the near-term. However, clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022.
Round-up of Ranji matches played on Tuesday.
It turned out to be a lop-sided contest as India were thoroughly outplayed in both batting and bowling by a dominant England.
'He said sorry, he's not happy with the red card, but it's over now. These things happen and we can't chance it, but with 10 men we still managed to equalise'
New Zealand are better organised and clinical in terms of execution and hence could start as the favourites in the first semi-final against Pakistan on Wednesday.
Borussia Moenchengladbach's hopes of qualifying for the Champions League suffered a blow as they were beaten 2-0 at bottom club Hanover 96 on Friday.
The Bharatiya Janata Party's bypoll win in four of the six seats it contested has invigorated the party ahead of assembly polls in Gujarat and Himachal Pradesh.
The Bharatiya Janata Party was on Thursday poised for a landslide victory in Gujarat to retain power for a record seventh straight term but was behind the Congress in Himachal Pradesh which could go with the trend of alternative governments in the hill state.
Rishabh Pant's on-field decisions as Delhi Capitals captain in IPL 2022 might have come under the scanner of former players but the wicketkeeper has got the 'full backing' of head coach Ricky Ponting.
Corporate earnings in this quarter may take a hit on account of the equity exposure that companies may have taken following a bad quarter for the Indian markets, say market analysts.
American brokerage firm Morgan Stanley on Thursday sharply cut its India FY23 real GDP growth estimate to 7.9 per cent, mainly due to the impact of the Russia-Ukraine conflict on oil prices. Analysts at the brokerage also raised their inflation forecast to 6 per cent - the upper end of the tolerance band for the RBI - and flagged stagflation risks because of the ongoing events. "We believe that the ongoing geopolitical tensions exacerbate external risks and impart a stagflationary impulse to the economy," they said. It can be noted that stagflation involves a stagnancy in output or growth, coupled with high inflation.
Bhagwant Mann and Arvind Kejriwal are realising that it is not a cakewalk to run a full state that is plagued with a fiscal deficit and where emotions run high at the drop of a hat, observes Sudhir Bisht.
DLF has a land bank of 295 million sq ft, of which 50 million sq ft is under development.
Sectoral players feel addition of rooms could hit earnings.
Net sales rose 26 per cent but profit rose at a slower 22.7 per cent, as operating margins took a hit by 160 basis points, year on year.
Investor wealth eroded by Rs 6.59 lakh crore on Monday as equities tanked after the UK reported a new strain of the COVID-19 virus. The 30-share BSE Sensex plunged 1,406.73 points or 3 per cent to close at 45,553.96. The benchmark hit an all-time high of 47,055.69 during the session. Following the sharp selling, the market capitalisation of BSE-listed firms plummeted by Rs 659,313.65 crore to Rs 1,78,79,323.05 crore.
Indian notebook sales are moving at a scorching pace -- 73 per cent year-on-year in the first quarter of 2007 -- and this is affecting the volume growth in the IT peripherals market.
Owaisi's vehicle was near the Chhijarso toll plaza on the Hapur-Ghaziabad stretch of the National Highway 24 when the incident took place at around 6 pm, he said.
Naxal violence in Orissa has also put several investment proposals in jeopardy.
The latest surge in cases in the last few weeks was a two year high in the country, denting official claims of China being one of the best performers in curbing COVID-19 pandemic.
In the late 1990s, Japanese electronics brand Aiwa tied up with a maverick entrepreneur, Kabir Mulchandani, to sell its consumer electronic products. Founder of Baron International, Mulchandani, all of 26 at that time, had already disrupted the television market through a tie-up with another Japanese player, Akai. With a strategy that relied on heavy discounts, exchange offers and freebies, Akai was selling in huge volumes.
China on Wednesday said it will take "strong and effective" countermeasures against the US and Taiwan for violating the "One-China policy", as the US House of Representatives Speaker Nancy Pelosi successfully completed her visit to Taipei disregarding Beijing's vociferous threats.
Wayward employee behaviour at Uber and Infosys highlights the risk to corporate reputations.
Following the match, the spirits were high in the Hyderabad dressing room and here is what Captain David Warner told his teammates after the win...
At interactions last week with senior officials from the Reserve Bank of India, select banks gave feedback on two key bond market concerns, namely, recent volatility in the rupee-dollar exchange rate and heavy losses incurred on floating rate government bonds due to a demand-supply mismatch, sources told Business Standard. The discussions were held ahead of the RBI's next monetary policy statement, scheduled on August 5. Indian banks are large holders of government securities because of a regulatory mandate to set aside a certain percentage of deposits in sovereign bonds.
Pakistan cricket has suffered a setback to its hopes of making a comeback to international cricket in the Test against South Africa.
Supply chain constraints will keep plaguing automobile companies even though demand significantly improved resulting in a 13 per cent year-on-year (YoY) increase in sales in financial year 2021-22 (FY22). Executives at auto firms fear that the Russia-Ukraine war will further dent the sector's prospects of recovery as supply chains face more disruptions. "The visibility in the supply side is so hazy that it is difficult to give even one quarter projection. But all the parameters of demand like pending bookings and enquiries are increasing.
With the rise in interest rates, bond yields have been on the rise; this will dent banks' treasury profits. Also, many retail borrowers may find it difficult to service their loans when the loan rates rise, points out Tamal Bandyopadhyay.
Finance Minister Pranab Mukherjee on Saturday underlined the need for India and Bangladesh to deepen counter-terrorism cooperation, warning that insurgents have the 'potential' to affect the bilateral ties.
In contrast to the inertia in the SP camp, the ruling Bharatiya Janata Party showed no complacency in the run-up to the polls this month.
Many believe that Saha should have refrained from making his conversations with Dravid public
A few days ago, Reliance Retail surprised the market by acquiring the Campa brand from Delhi-based Pure Drinks Ltd for Rs 22 crore. A successful cola brand in the eighties, especially in North India, Campa Cola thrived when Coke exited India in the late seventies. When the Atlanta-based major returned and PepsiCo set base in India, it went down fighting.
'...if elections were to be held today.' 'The problem is Akhilesh is not very aggressive.' 'Had he started his campaign aggressively six months ago, the picture in UP would have been very different.'
Special Court Judge Madan Lakshmandas Tahilyani stunned the Mumbai police and public prosecutor Ujawal Nikam when he acquitted two Indian nationals Fahim Ansari and Sabahuddin of all the charges in the 26/11 Mumbai terror attacks case.
'I'm not vaccinated and I'm not planning to get vaccinated so the only good news I can have is them removing the mandated green vaccine card'
Air India Express currently operates 145 daily flights, down from about 200 six months ago.
'The biggest problem that faces the Opposition in Gujarat is just a day or two before voting is scheduled, Modiji goes on a spree of emotional appeals.' 'That process has been set in motion much earlier this time in Gujarat.'
Who do you think should be part of India's playing XI for the final ODI against South Africa?
Kumar banged his table at Patna's Indian Coffee House as he announced this to an audience that was discussing alleged corruption in Bihar in 1977, writes Sankarshan Thakur in his biography of Kumar -- The Brothers Bihari.
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