Reseñas

If you look at the known devils in the market, most of them are factored in be it inflation, war situation, recession probability in some developed nations, supply chain and energy crisis.

The rally in the global markets could spill over into India as mutual funds, flush with money from retail investors through the SIP route, remain net buyers.

Multiple government officials and industry executives said domestic refineries will continue to buy cheap Russian oil with no major shipping or insurance trouble expected as the market rate for the key grade has fallen below the cap.

BoB currently holds 98.57 per cent of the total equity share capital of NBL. Details about the process of transaction are given in the PIM, which will be published on Wednesday for inviting EOI from bidders, it said.

“This definitely sets the ball rolling for the Fed to consider and deviate from the super aggressive rate hikes to mild or status quo policy actions,” said Dhawal Dhanani, fund manager at Samco Mutual Fund.

In January 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Meanwhile, Tesla shares are further sliding, amid reports that Tesla will cut production at its Shanghai plant by 20 per cent in December.

Sapphire Foods, Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage’s top picks among smaller consumer companies. IIFL’s price targets for these stocks imply a 22-28% upside from Tuesday’s closing prices.

Three independent directors have resigned since November 22 amid allegations of mis-governance at the company. Independent directors Jayant Gokhale and Devendra Saksena resigned on December 2 while Sushama Nath resigned on November 22 after the release of the audit report earlier in the month.

Oil demand in 2023 will rise by 2.25 million barrels per day (bpd), or about 2.3%, the Organization of the Petroleum Exporting Countries (OPEC) said in a monthly report, after growth of 2.55 million bpd in 2022. Both forecasts were unchanged from last month.

Export prices have come down by about 3-4% from their peak, after India allowed shipments starting November 5 following a fall in global sugar futures prices. Although the current export prices are still higher than the domestic market prices by 12-13%, millers are in a wait-and-watch mode as there are Continue Reading