Market Update ▫️ Indian markets extended the rally, on account of support measures announced by the government for various sectors. ▫️Sensex and Nifty closed at 59,141 (+0.71%) and 17,629 (0.69%). ▫️Banking Sector was show stealer which jumped on expectations of Finance Minister's announcement of government funded Bad Bank. Nifty Bank and Nifty PSU Bank surged [...]
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Your Daily Dose of Market and News Update 15/09/21
Market Update▫️Indian markets ended the day with moderate gains, amid positive global cues, likelihood of telecom relief package and Auto PLI scheme. Marginally higher Wholesale inflation data restricted the gain.▫️Overall, Sensex and Nifty closed in green at 58,247 (+0.12%) and 17,380 (+0.14%).▫️Broader Markets continue to outshine the benchmark, with Nifty Midcap and Smallcap ending with [...]
MARKETS! Still a long way to go!
Hellloo Friendsss!! Yeh aur kitna upar jayega? Rukta hi nai haii!! This ain't coming down! It's almost certain that this thought is going in our head for a pretty long time and is becoming more pronounced day by day. Yeah! your guess is right! For those who are still not able to figure out, this [...]
IPO – Investor Profit Offering
Yeah yeah, you saw it correct. IPO is now Investor Profit Offering, instead of Initial Public Offering. Lucky investors who got allotment in the recently launched IPOs have minted recorded profits. Companies irrespective of their size, profits, track record and sustainability, were able to list themselves on the bourses at mind boggling valuations. You can [...]
Exports Elevating Elephant Economy
It's an Eeee moment for the Indian economy, which depends substantially on exports for its growth and development. Historically, on an average exports contributed approximately 20.0% to the India's GDP. Moreover, GDP and exports have a very strong positive correlation of 0.986 (based on the GDP and export date from 1960 to 2019). This essentially [...]
Markets: Technical findings!
A surge in covid cases and localized lockdowns has dented market sentiments over the last few weeks in the fear of delay in economic recovery; Frontline Indices are down ~8% from their peak.A lot of people are relating this time to March’20 and trying to extrapolate the future market movement. Frequent questions like – Will [...]
Cixit: All you need to know about Citi’s India exit!
India's largest and oldest foreign bank is all set to bid adieu to India's consumer banking business. The announcement baffled bankers all across the country, as the Citi Group has decent market share in world's second largest country. The article may be little lengthy, as we will try to cover all possible aspects of the [...]
Q4 Earnings: Expectations
India Inc. is set to kick off its March quarter earnings, with TCS commencing the ritual. In this article we will lay our expectations regarding the upcoming results season. In myopic terms, Corporate India is set to deliver spectacular results, with revenue jumping in the range of 20%-25%, and profits surging more than 30%. Low [...]
50,000: A Mysterious Journey
The year 2021 has brought some respite to the Bears after an unimaginable rally witnessed in the frontline indices during the latter half of 2020, succored by buoyant FII flows and stupendous liquidity infusion into the financial system. Nifty ended almost 5 per cent lower in the week gone by ahead of the Union Budget. [...]
Outlook 2021…
If 2020 was a year to preserve your finance, 2021 will be a year to multiply your wealth. The global economy has restarted with a bang and emerging economies are eyeing for a double digit GDP growth, along with high single digit growth in developed nations, thanks to low base, rock bottom interest rates, rapid [...]
