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On the weekly chart, the stock gave a breakout from 88 weeks consolidation patch. From a pattern perspective, it can be considered as a rounding bottom pattern which is a bullish development.

PSUs, financials and consumer staples outperformed the market, while IT Services, healthcare and realty underperformed the market. Largecaps did better than the mid and smallcap indices.

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Since June 2022 lows, Nifty has not corrected for more than three consecutive weeks in a row, followed by a new high in the following month. After the index formed a bullish piercing line candlestick on the weekly chart, technical analysts expect the rhythm to be maintained.

Overall, the SMA-2 book stands at ~0.3% of loans. Improvement in the corporate credit cycle along with the fact that trailing loan growth in the corporate segment has been muted in the past few years should moderate NPL formation further.

After almost a year of cautious view, we turn positive on India metals; China started to ease Covid-19 policy and support its ailing property sector. We believe the worst-margin quarter for Indian Steel, and the big chunk of earnings cuts for Tata Steel are behind,” the brokerage firm Jefferies said.

Raghuram Rajan: I do not want to enter a debate which probably is already fraught. Let me just step back from India and say more generally the ultimate objective of monetary policy is to tighten financial conditions. The central banks have been acting on using a variety of tools including Continue Reading

From the rollover perspective, Nifty futures open interest has declined marginally compared to the last series, and it was the lowest OI seen at inception since the July series as short positions were covered in recent declines. At the same time, the premium in Nifty

Oyo has been asked to update information such as updated risk factors, key performance indicators (KPIs), outstanding litigations and basis for valuation, the people cited above said.

The geopolitical tensions between Russia and Ukraine had a cascading effect on other world economies as commodity prices skyrocketed, inflation hit multi-decades high in the US and Europe and forced central banks to hike interest rates like never before.