Strong gains in Vedanta Ltd, Adani Ports, Bharti Airtel and Maruti Suzuki helped the index touch record levels.
'Valuations are very attractive, and most companies are cash-rich with strong dividend yields.'
Since January 2021, the inflation rate in health has stood in the range of 6.08-8.44 per cent.
Benchmark share indices ended at record closing highs, amid a volatile trading session on Monday, with IT majors leading the gains.
Indian companies are planning to increase investments in the new year to expand capacity, acquire companies, and go on a hiring spree, a survey of top executives showed. They, however, cited rising costs, weak consumer demand, and increasing interest rates as major concerns for 2023 which may impact their plans.
Sensex hit a record high of 27,225.85 and Nifty hit a record high of 8,141.90 in the intra-day trades today.
India's economy is expected to grow 7.5-8 per cent this fiscal year with exports playing a key role in the country's success story, CII president TV Narendran said on Monday. However, he said the country needs to remain prepared for any fallout of next wave of COVID-19 pandemic, and the impact of the ongoing Russia-Ukraine war. "We are confident that the economy can retain a high growth trajectory this year. "So, we are very optimistic on the export front. "Exports will be a key component of India's success story going forward," Narendran said.
Airlines say that they are keeping their fingers crossed for December - another peak period - when, based on current bookings, the air fares for those who buy early are more or less in line with last year.
Investors should await consistent growth metrics before looking at an investment in the company.
The wholesale price-based inflation in February rose to 13.11 per cent on hardening of prices of crude oil and non-food items, even though food articles softened. After two months of mild easing, WPI inflation accelerated in February and remained in double digits for the 11th consecutive month, beginning April 2021. WPI inflation last month was 12.96 per cent, while in February last year, it was 4.83 per cent. The rise in crude oil and natural gas prices after the Russian invasion of Ukraine, beginning February 24, has put pressure on the wholesale price index, even though food articles saw softening across categories of vegetables to pulses to protein-rich items.
M&M was the top gainer in the Sensex pack, soaring around 7 per cent, followed by Bajaj Finserv, Bharti Airtel, PowerGrid, Infosys and ICICI Bank. On the other hand, HUL, Kotak Bank, Bajaj Finance and ITC were among the laggards.
A simple guide to find out India's best commuters, from among Bajaj CT 100, Hero MotoCorp HF-Dawn, TVS Sport, Yamaha Crux and Mahindra Pantero T4.
China's post COVID-19 pandemic economic rebound showed signs of slowdown as the economy grew at 7.9 per cent in the second quarter compared to a record 18.3 per cent in Q1, while the GDP expanded 12.7 per cent year on year in the first half amid the continued global spread of the coronavirus and unbalanced domestic recovery. In the second quarter, the GDP of the second largest economy in the world grew 7.9 per cent year on year, the data released by the National Bureau of Statistics, (NBS) on Thursday showed. On a quarterly basis, the economy expanded 1.3 per cent in Q2.
Mike Pompeo has said that among the dozens of world leaders he met as the United States Secretary of State he found the 'most unpleasant' was Chinese President Xi Jinping, who threatened to stop sending PPE kits to America if it kept asking for accountability from Beijing on COVID-19.
'The present government swears by Hinduism. But we lost three of our sants during earlier BJP regimes.'
Congress general secretary Priyanka Gandhi Vadra on Friday met families of four deceased farmers, who had allegedly faced shortage of fertilisers in Lalitpur, and charged that the fertiliser distribution system of Uttar Pradesh has failed due to collusion among black marketers, officials and leaders.
Ferrari launched four other models -- 488GTB, 458 Spider, 458 Speciale and F12 Berlinetta.
Jeep Grand Cherokee SRT: The sophisticated SUV
The Uddhav Thackeray-led Maha Vikas Aghadi government in Maharashtra which completes two years in power on November 27 has survived against all odds amid the coronavirus pandemic.
The Hero Glamour might be a hot seller but it isn't as impressive as its popularity suggests. The bike doesn't have as much performance as you would expect from a 125cc motorcycle, says Faisal Ali Khan.
The addition of a million jobs as promised by Tejashwi Yadav would make a big impact. But the electorate needs to raise its expectations, notes Mahesh Vyas.
The game plan is to pressure India and China to come back and commit to further emissions cuts by next year's UN meeting. Neither China nor India has 2030 targets anywhere near in line with a 1.5 degree centigrade pathway, and so will be on the target list of nations under pressure to return next year with more ambition, predicts Ambassador M K Bhadrakumar.
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
About $400 billion of investment may be required in the Indian power sector in the next five years to provide improved grid infrastructure.
Mentioning the chief minister's statement about people surrounding the Raj Bhawan over Mishra not summoning a session of the state assembly, the BJP said it was an attempt to "terrorise" the governor's office.
The proposals before the ministry is to hike the tax exemption limit from the existing Rs 250,000 per annum to at least Rs 300,000 if not 500,000.
Vinai Kumar Saxena's current job as lieutenant governor of an Opposition-ruled state will raise the bar -- not just for him, but also for the Aam Aadmi Party government, which never says no to a fight with the representative of the central government in India's capital.
A staunch supporter of slain LTTE supremo V Prabhakaran, he also criticised the former prime minister for sending the Indian Peacekeeping Force to Sri Lanka in the 1980s.
The market price action seems to point in this direction. Let's hope we finally break out. It is about time! asserts Akash Prakash.
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
The new Audi RS7 Sportback Performance is so powerful that driving this car is not for the faint-hearted.
In the year since UPA went out, the GDP has grown a mere 0.5 per cent, but this government claims a healthy GDP growth of 7.4 per cent allowing it to ecstatically claim outpacing China, says Mohan Guruswamy.
Mercedes-Benz, Ferrari, Porsche and Lamborghini are some marquee badges that have introduced track cars to excite hard-core customers who want to push their cars to the limit, says Pavan Lall.
A second wave of Covid driven by the Delta variant engulfed the country in May-June bringing the health system to its knees and leaving people gasping for help.
Prime Minister Narendra Modi on Friday reviewed the post-cyclone situation and damages caused by Cyclone Yaas in the state at a meeting in Bhubaneswar where Odisha government demanded long term solutions to mitigate problems of repeated cyclones and provision of disaster resilient power systems.
Presently only persons working in essential services are permitted to use the local trains that are running in limited numbers amid the COVID-19 pandemic.
Anil Ambani's Reliance Power tops the table with 3.46 million shareholders
Despite the Oscars, the box office glory, and the universal acclaim, Francis Ford Coppola, I am sure, remembers The Godfather with as much frustration as pride. Like Michael Corleone, he got into it with the best of intentions, and got out of it on top but lost in the heights. Sreehari Nair revisits the film as it turns 50 this month.
Currently, 23 power units with a cumulative capacity of 30,000 MW have super critical coal stock situation A lack of synchronised approach between the concerned ministries and power plants, has led to this crisis, says Shreya Jai.
India's industrial production contracted by 3.6 per cent in February, official data showed on Monday. According to the Index of Industrial Production (IIP) data released by the National Statistical Office (NSO), manufacturing sector output declined by 3.7 per cent in February 2021. Retail inflation rose to 5.52 per cent in March, mainly on account of higher food prices, government data showed on Monday. The consumer price index (CPI) based retail inflation stood at 5.03 per cent in February.
