In the ever-shifting landscape of global economic dynamics and the looming political uncertainty, Goldman Sachs has turned its attention to India’s Nifty index, projecting a year-end target of 21,800 by 2024. This forecast carries a potential upside of 10.7%, a promising prospect against the Nifty’s recent closing level of 19,694. Goldman Sachs’ Analysis: Outlined in …
On Thursday, the Reserve Bank of India took action to limit the rapid increase in unsecured personal loans and credit cards. They increased the credit risk weights for these loans, which are generally disbursed without collateral, making it more costly for banks and NBFCs to lend money in this category. In simpler terms, banks and …
The Indian stock market holds the distinction of being the oldest in Asia, with the establishment of the Bombay Stock Exchange (BSE) in Mumbai in 1875. China’s stock market, comprising the Shanghai Stock Exchange (SSE) and the Shenzhen Stock Exchange (SZSE), commenced operations in the early 1990s. India boasts two major stock market indexes, namely …
Yesterday Pidilite Industries which is the leading manufacturer of adhesives and sealants, held a board meeting and reported financial results for the second quarter of FY24 and more importantly company intends to set up a lending business. Yesterday the scrip closed at Rs 2,473.05. Today, it opened at Rs 2,469.95 and currently it is trading …
Equity benchmark index Sensex crashed below 1,159 points on Thursday, 28 October 2021, following a strong selling by foreign funds combined with offloading by a few non-institutional investors. Resultantly, traders fear that the flooding of IPOs in the coming weeks will prompt people to withdraw their money from listed stocks and invest in the initial …
The National Stock Exchange on Wednesday made an announcement regarding a modification in the expiry days for Nifty Bank options and Nifty Midcap Select Index futures and options. Nifty Bank weekly index options will undergo a change in their expiry day, transitioning from Thursday to Wednesday commencing from September 4. The initial Wednesday weekly expiry …
The Indian headline indices concluded the trading session flat, recovering from losses recorded earlier in the day. The BSE Information Technology index experienced slight fluctuations, with modest gains and losses during the trading session. There was a noticeable increase in buying interest for shares of L&T Technology Services Ltd (LTTS), a leading global provider of …
An Overview of Recent Events According to the bulk trades data, the MTBJ AC Nomura India Investment Fund purchased 10 lakh equity shares in specialty chemical company Clean Science & Technology on the NSE for Rs. 1,715.33 per share. On the NSE, the Nomura Trust and Banking Co Ltd, as Trustee of the Nomura India …
International trade is a complex and under continuous revolution, but at its core, it revolves around two fundamental processes called the import and export of commodities. These two forces work in tandem to drive economic growth, enable international relations, and meet domestic demand for various products. Imports: Accessing the World’s Bounty Imports are goods or …
India recently made a significant mark in the world of finance by introducing its first-ever 50-year bond. This strategic move is part of the Indian government’s broader efforts to revamp its borrowing profile. Prior to this groundbreaking issuance, the longest-tenor government bond available in India was the 40-year paper, which had a cut-off yield of …
