There is a ‘triple danger’ looming over markets in the near-term: dollar index above 105, steadily rising US 10-year bond now around 4.39 per cent and the Brent crude above $94, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Akasa Air has initiated legal action against more than 40 pilots who recently left the airline to join other carriers. This sudden departure of pilots has compelled the airline, which commenced operations in August of the previous year, to cancel numerous flights since the previous month.
SpiceJet has paid Rs 100 crore to Kal Airways promoter Kalanithi Maran, as part of a Rs 380 crore arbitral award order, following a directive from the Delhi High Court, instructing the low-cost airline to fulfill the payment obligation.
The level of pessimism has risen in the stock market, leading to a precautionary approach to book profits on a notion that the valuation has extended beyond the rationale, said Vinod Nair, Head of Research at Geojit Financial Services.
Nifty covered the 1000 point journey from 19000 to 20000 in 52 trading sessions and this positive momentum is likely to continue going ahead as well, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Nifty advanced for the seventh straight day to log the best stretch of gains in 11 weeks and touched the all time high level of 20,000 on Monday (September 11), says Deepak Jasani, Head of Retail Research, HDFC Securities.
With monsoon gradually improving and India hosting G20 summit over the weekend, sentiments are buoyant and may lift market towards its life high and 20K mark over the next few days, he added.
The greenback was heading for its eighth-straight week of gains against a basket of other major currencies on Friday, its best run since winter 2014-2015. It has gained 5 per cent since mid-July, CNN reported,
Benchmark indices staged a smart afternoon rally on Thursday with the help of PSU and infrastructure stocks, said S. Ranganathan, Head of Research at LKP Securities.
The rally in Indian equities that has swelled the market’s total valuation by $775 billion in a little more than five months has been accompanied by a notable shift in investor preference to smaller stocks, a media report said.
“We are not aware of any information that has not been announced to the Exchanges, which requires disclosures under Regulation 30 of the SEBI (LODR) Regulations, 2015”, Tata Consumer said.
Domestic equities closed positively for the third consecutive day on Tuesday led by optimistic domestic cues, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.
Nifty opened higher and held on to steady gains through Monday barring a small downmove in the morning. At close, Nifty was up 0.48 per cent or 93.5 points at 19,528.8, Deepak Jasani, Head of Retail Research, HDFC Securities, said
During the month, revenue from import of goods was 3 per cent higher and from domestic transactions (including import of services) are 14 per cent higher than the revenues from these sources during the same month last year.
Domestic markets made significant gains buoyed by favourable global cues, a higher-than-expected domestic manufacturing PMI, and positive GDP growth data, said Vinod Nair, Head of Research at Geojit Financial Services.
India's economic growth stood at 7.8 per cent in the first quarter (April-June) of the current fiscal, a steep fall from 13.1 per cent GDP growth recorded in the corresponding period of last year, according to data released by the ministry of statistics and programme implementation on Thursday.
The production of coal, steel, natural gas, cement, electricity, refinery products, fertilisers and crude oil increased in July 2023 over the corresponding month of last year.
The benchmark indices ended in the red on Thursday on the back of concerns regarding 9 per cent deficit in monsoon as several states have witnessed scarce rainfall this month across many districts, said S. Ranganathan, Head of Research at LKP Securities.
“These claims are based on closed cases from a decade ago when the Directorate of Revenue Intelligence (DRI) probed allegations of over invoicing, transfer of funds abroad, related party transactions and investments through FPIs.
An important feature of the market performance this year is India’s underperformance relative to the US, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Heavyweight stocks were muted compared to the sector-wise and mid and smallcap upsides on Tuesday, said Vinod Nair, Head of Research at Geojit Financial Services.
Nifty Smallcap and Midcap indices have managed to register fresh all-time highs on closing basis, Devarsh Vakil, Deputy Head of Retail Research at HDFC Securities, said on Tuesday.
As of now, the price of domestic LPG, which is used in the kitchen for cooking purposes, is Rs 1,103 per 14.2-kg cylinder in New Delhi. This will now come down by Rs 200 per cylinder.
Reliance Industries Chairman and Managing Director Mukesh Ambani on Monday said that he sees "both my father and me in Isha, Akash, and Anant. I see the flame of (founder) Dhirubhai (Ambani) shine in all of them".
“This leaves millions of potential customers without home broadband due to complexities and delays involved in extending optical fibre to their premises. This is where JioAirFiber, our fixed-wireless broadband offering, comes in”, he said.
