Analysts said that a favourable global backdrop and FII buying can sustain the rally but breaking the 18,200 Nifty resistance would be tough.
Reseñas
MSCI delays index weighting changes for 2 Adani companies
MSCI said last week it would cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises , in its indexes after reassessing the number of shares that are freely traded.
RBI okays licences for 32 payment aggregators
This is the first time RBI has released a list with “current application status” for all payment aggregators, saying it is in the interest of “greater transparency.” The list, the banking regulator said, would be updated every fortnight. The current status is as of February 15 and scrutiny of applications Continue Reading
Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASREC
The Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASREC is not challenged, it will equate to a recovery of 40 paise on a rupee for J&K Bank.
Diamond units cut capacity by 40%
“We do not know how the geopolitical tension will pan out in the coming days. Both the US and China are important markets for us,” said Vipul Shah, chairman of Gem & Jewellery Export Promotion Council (GJEPC). Tensions between the US and China flared in recent weeks with the US Continue Reading
Commercial users rush to LPG as LNG prices pinch
Total LPG consumption in India amounted to 21,256 thousand metric tonnes from April-December 2022, up 1.8% from a year earlier, according to the oil ministry. The consumption by households, which comprise about 89% of total consumption, was up barely 0.3% year-on-year but sales to commercial users saw a surge. Packed Continue Reading
Biocon plans to sell stake in Biologics to pare debt: Shreehas Tambe, Biocon Biologics
“There are several other discussions that we have been having with private equity investors who are interested in making an investment in Biocon Biologics and that will help us bring down the $1.2 billion debt … help us reduce the interest component that we see in the P&L,” Shreehas Tambe, Continue Reading
Social Stock Exchange inches closer to its first listings
At least three leading charitable trusts are learnt to be in advanced talks with the National Stock Exchange (NSE) for a listing, said people with direct knowledge of the matter. The exchange, which received in-principle approval from the Securities and Exchange Board of India (Sebi) to launch the social stock Continue Reading
Corporate revenue, profits see muted growth in December quarter
As anticipated, the third quarter operating margin showed a sequential improvement reflecting moderation in the input cost inflation
Two lakh agriculture credit societies, fishery-dairy cooperatives to be set up
The ministry of cooperation has formulated a plan to establish viable PACS in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat/village and viable fishery cooperatives in each coastal panchayat/village as well as panchayat/ village having large water bodies, an official statement said.