Stock Market Updates - Angel One - Page 1143

International ratings agency Fitch Ratings has said that the second wave of Covid-19 infections in India may not impact the economy as severely as last year but rings a note of caution when it observes that risks to the country’s financial institutions have increased. It adds that the second wave may sap near-term momentum of …

Buybacks are back in action. Data released by a market research firm states that 61 companies in FY21 offered to buy back shares worth Rs 39,295 crore. Of these buyback offers, the largest ones came from tech companies, namely, Tata Consultancy Services and Wipro. Both the companies made offers worth Rs 16,000 crore and Rs …

India is on the backfoot. Earlier, several market experts were discounting the scope and gravity of the Covid-19 pandemic raging in India in the hope that a robust, widespread vaccination campaign will be rolled out as soon as possible. While the vaccination campaign is underway on a large scale and at a fast pace, it …

Overview of the impact on the industry During the first wave of the pandemic last year, rural India helped to cushion the consumer goods market. This time, a severe second wave of the virus may make that impossible. Due to local lockdowns and a shortage of staff for last-mile distribution in rural areas, demand has …

Overview of India’s Status The devastating pandemic crisis in India is making investors doubt more than ever whether a country projecting itself as a potential economic powerhouse still needs to be classified as ‘investment grade’ despite years of debt accumulation and uneven reform progress. The severity of the current virus wave is rattling the major …

Oil inventories that had piled up during the pandemic in 2020 have now come back to normal levels, according to the International Energy Agency (IEA) but the agency has slashed its demand growth forecast for the first half of the year. The IEA has slashed Indian demand estimates for the second quarter and also noted …

Tesla CEO Elon Musk is no stranger to courting controversy on Twitter. On May 1 last year, he took Tesla shareholders by the storm and declared that the “Tesla stock price is too high imo”. Not surprisingly, the stock collapsed and Tesla shareholders wailed at the entrepreneur billionaire soon after. Yesterday, another of Musk’s tweets …

Overview Gold has always been significant in India, as it has been used as a symbol of opulence at weddings and festivals. Thanks to the metal’s scarcity, gold has developed into an ideal shield for uncertain markets over time. Gold prices have been steadily rising in recent months and in light of Akshaya Tritiya, it …

Gold touched an over three-month peak on Tuesday even as investors in exchange-traded funds have shown positive interest in the yellow metal. Further, rising inflationary pressure and a weakened US dollar have added to the appeal of gold as a hedge option. The dollar was hovering close to lows of many months against European currencies, …

An Overview of the Purchases Made India’s central bank chose to purchase a number of sovereign papers amounting collectively to a value of INR 34,175 Crores between April 22 and May 4, 2021. These purchases were made in order to offset borrowing costs and bring them down. This was necessary since there a high probability …