Domestic stock indices gained for the 2nd consecutive day on Tuesday as BSE Sensex and NSE Nifty 50 rose nearly 2 per cent higher. S&P BSE Sensex settled 934.23 points…
Bandhan Bank rating: Buy | Near-term pressures are manageable
We hosted the CEO of Bandhan Bank for a roadshow in the US. He highlighted that after the Covid pain, business has normalised on disbursements & collections. Diversification of loan…
Star Health and Allied Insurance rating: Add | Recent stock correction overdone
We continue to believe that Star Health, with its unparalleled agency force, is best placed to harness growth in the Indian health insurance sector. Risk of increase in claims from…
Rupee to depreciate further this week till 78.80 amid persistent FII outflows; USDINR to trade in this range
Rupee depreciated in the week amid unabated foreign fund outflows. Meanwhile, sharp downsides were restricted due to ease in crude oil prices Dollar index depreciated amid weak economic data and…
Sebi revises threshold for adjustment in derivative contracts post dividend announcement
Capital markets regulator Sebi on Tuesday came out with new adjustment rules for dividends in Futures and Options (F&O) scrips. “It has been decided that the adjustment in derivative contracts…
Indian Rupee falls for 6th straight month in June; may remain patchy on capital outflow, dollar liquidity
By Dilip Parmar The Indian rupee extended its drop for the sixth month in trot and closed to life low level of 78.98. India’s expanding trade gap and capital outflows…
Global edible oil prices fall sharply to soften domestic prices
The global edible oil prices have declined sharply because of improved supplies and may cool down domestic retail prices further.According to trade data, landed prices of palm oil, which has…
Chhath Puja 2023: Indian Railways’ Northern Railway zone to operate 42 trips of special trains towards Bihar – Check full list
Indian Railways has planned to operate Special trains towards Bihar in the wake of upcoming Chhath Puja. The Special trains will clear the extra rush of passengers during the festival…
Global Markets: Shares and bonds hit after Swiss and UK rate hikes
World stocks fell on Thursday and bonds resumed their slide after a surprise Swiss interest rate hike fuelled concerns about surging inflation and an aggressive policy tightening outlook from global…
IndusInd Bank share price jumps 3% on strong Q1 performance; analysts bullish, see up to 61% further rally
IndusInd Bank share price jumped 3% on Monday after the private sector lender reported strong business performance in the first quarter of this fiscal. The bank recorded an 18% on-year…