Stock Market Today: Indian benchmark indices, BSE Sensex and Nifty 50 settled flat on Tuesday
Global trends, trading activity of foreign investors and domestic macroeconomic data announcements would dictate terms in the equity market in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Wednesday for Mahatma Gandhi Jayanti. "Looking ahead, it will be interesting to monitor Foreign Institutional Investors (FIIs) and their flow into India. September saw the highest FII inflows into Indian equities this year. Movements in commodity prices, the US dollar index, and key macroeconomic data from the US will also be pivotal in shaping the market's direction. "Additionally, geopolitical developments will continue to be a key factor on the global stage," said Santosh Meena, Head of Research, Swastika Investmart Ltd. On the domestic front, upcoming monthly auto sales data and quarterly updates from companies could drive stock-specific movements in the near term, Meena said. Among macroeconomic numbers, PMI (Purchasing Managers' Index) data for the ..
The contracts of three external members of RBI's monetary policy committee will expire on Oct 4, just days before the MPC is expected to meet and make its rate decision on Oct 9
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Sebi expert group recommends reforms to streamline operations
The surge in inflows is also a sign of investors' growing comfort with India's equity valuation
Stock Market Highlights: Indian equity benchmark indices ended the week's last trading session at record high closing levels
Experts shared mixed views on the impact of the half-point benchmark rate cut by the US Federal Reserve, as some believe cheaper financing could boost investment flows, others said it could lead to a decline in returns on equity and a rise in gold prices. The US Federal Open Market Committee voted to cut the federal funds rate target range by 50 bps to 4.75-5 per cent, from 5.25-5.50 per cent, against expectations of a cut half that size. The US central bank had kept interest rates at an over two-decade high for 14 months. According to PHDCCI President Sanjeev Agrawal "We expect that the cut in the Federal Reserve rate could lead to a decline in returns on equity and a rise in gold prices". Echoing similar sentiments, Colin Shah, MD at Kama Jewellery, said this scenario must be taken positively, as the rate cut has opened doors for gold to scale new highs shortly, reinstating the might of the yellow metal as an investment haven. Some experts believe the Fed rate cut could lead to
Stock Market Highlights: Despite a choppy session, the day ended in favor of bulls, as many as 30 stocks of the Nifty50 index ended in the green with gains led by NTPC, Titan, and Nestle India
Other foreign brands are also re-entering India or making fresh plans to capitalise on the opportunities the country offers
Shares of CDSL last closed at Rs 1,382, up 0.25 per cent, valuing the company at Rs 28,879 crore
This week we report about the financial planning needed to buy a home and what investors must consider about equal-weight indexes
Since July over three dozen companies from diverse sectors have filed their DRHPs
Direct selling major Amway expects India to be among its top three global markets in the next five years, the company's country Managing Director Rajneesh Chopra said on Monday. The company, which has invested USD 4 million (around Rs 35 crore) to set up four new research and development centres in India, is also looking to develop products to cater to Southeast Asian countries. Amway has globally started looking at the overall landscape and the lens of business in a very different way. Instead of setting financial goals only, it is moving to transformation of lives, Chopra told PTI. "We have five and a half lakh active distributors on our base right now. We have more than 2 million customers. Our goal is that 2 million moves up to 5 million over the course of the next five years," he said when asked how the company is looking ahead in India. He further said, "We aspire that India becomes one of the top three (markets for Amway globally). We have some more work to do from that ...
Korean brand Daewoo on Monday announced its foray into the kitchen and home appliances segment in India as it looks to capture a larger share of the growing Indian market. The company, which entered the domestic market last year, offers a range of LED TVs, IFP LEDTVs, Alkaline and battery inverters. It said that the company's entry into India has been met with overwhelming success, prompting the brand to accelerate journey in the domestic market and expand its product portfolio with smart kitchen and home appliances. Building on its initial success with handpicked products, the brand is now venturing into the smart kitchen and home appliances segment, aiming to capture a larger share of the growing Indian market, it said. These products are set to hit retail stores soon, Daewoo said, adding that it will launch a wide array of products including induction plates, mixers and grinders, blenders, toasters, sandwich makers, and steam irons, among others. "The small home appliance marke
The master key unlocks a $140 bn commitment
The multi-state areca co-operative, Central Areca Marketing and Processing Co-operative (CAMPCO) has issued a stern notice to areca nut traders for misusing its membership cards and posing as farmers to sell spurious areca nuts to CAMPCO branches. In a statement, CAMPCO has stated that some traders, who have established good relationships with farmers, are misusing CAMPCO membership cards to pose as farmers and sell arecanut at its branches. Recently, a trader, taking advantage of a farmer's card, attempted to sell low-quality areca nuts from Burma (Myanmar) by mixing them with local areca nuts at the CAMPCO Puttur branch. Fortunately, due to the alertness and diligence of our officials, this deceit was uncovered. "In light of this incident, we earnestly request all our farmer members not to encourage any such fraudulent activities. Please ensure that your membership cards are not misused by anyone. Failing to be vigilant in this matter could lead to serious consequences for the ...
Demand Buch's resignation amidst row over unprofessional work culture
Part of the reason for the long-term underweight has been that many investors preferred China's cheaper and dynamic market, while entry and exit costs for funds can be high in India
In the context of India being underweight in the average emerging markets portfolio, this is even better for foreign portfolio flows