Reseñas

“Axis Bank has improved its asset quality, NIM, and profitability in the past few years. The bank has also changed gears in building digital infrastructure and has made investments in the same. The bank’s ongoing efforts to expand its asset portfolio in a targeted way (retail loans make up 57% Continue Reading

As the markets began to recover from the Adani shock, the flows from FPIs also improved, suggesting their renewed interest in the prospects of the Indian equity markets,” Himanshu Srivastava, Associate Director – Manager Research at Morningstar India, said

While Reliance Industries, ICICI Bank, HDFC, ITC and Bharti Airtel were the gainers from the top-10 pack, TCS, HDFC Bank, Infosys, Hindustan Unilever and SBI were the laggards. The market valuation of Reliance Industries rallied Rs 70,023.18 crore to Rs 16,50,677.12 crore. ITC’s market capitalisation (mcap) jumped Rs 14,834.74 crore Continue Reading

Now, amid rising interest rates, persistent inflation and warnings of a potential recession on the horizon, research from S&P Global Ratings is underscoring just how far from reality the earnings projections are proving to be

This move was in a view of limiting Russia’s fossil fuel earnings without hindering the global supply chain of the widely used fossil fuel. The seven-member group believes that the price cap would limit Russia’s ability to pay for its war against Ukraine.

The US currency also had appreciated almost 8% versus most currencies and 10% versus India, which in 2023 so far has been stable. The DXY correction of 10% from its peaks of 115 also gives the Global and Indian investor reason to cheer.

“While global cues could act as the major trigger for domestic equities in the near-term, the Nifty 50 is likely to remain resilient due to reasonable valuations and India’s macro stability,” said Narendra Solanki, head of equity research at Anand Rathi Shares and Stock Brokers. Here are the factors that Continue Reading

The nine stocks are Nuclear Software Exports, Finolex Cables, Waaree Renewable Technologies, Chaman Lal Setia Exports, PG Electroplast, Ganesh Benzoplast, WPIL, Zen Technologies, and Apar Industries. Nuclear Software Exports hit its 52-week high on February 16. The stock has rallied 39% in the past week. So far this year, the Continue Reading

Thirdly, much stronger-than-expected US data like Q4 GDP, advance retail sales (February), ISM non-manufacturing (January), and US durable goods orders (December) have faded away the risk of a recession at least in the near term. Thus, expectations of a Fed pivot are being pared down.

Today, India’s key challenges are selling from FIIs, a high-interest rate, elevated inflation, and slowing earnings growth. We feel that most of the issues are getting factored into the prices. If the cautiousness continues in the short-term, we can presume that the worst is over, limiting further price corrections though Continue Reading