Category

上海419论坛

Showing 18 Result(s)
上海419论坛

Nifty may trade in 16500-15800 range this week; Bajaj Auto, NOCIL, Bharat Electronics among top picks

on

The domestic markets held their strong opening gains on Monday as global sentiment turned positive on receding fears of aggressive rate hikes by the US Fed. The BSE Sensex was up 502.77 points or 0.94% at 54,263.55, and the NSE Nifty 50 was up 155.50 points or 0.97% at 16,204.70. Nifty started last week on a flat note and traded with extreme volatility on either side throughout the week. However Friday’s buying momentum recovered some of the earlier losses to close in negative terrain. According to analysts at Axis Securities, Nifty may trade in the range of 16,500-15,800 with a …

上海419论坛

Share Market Highlights: Sensex ends 760 pts higher, Nifty above 16250; Infosys, ICICI Bank, RIL lead gains

on

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended on positive note for the second consecutive day with Nifty settling above 16250. The BSE Sensex closed 760.37 points or 1.41% higher at 54,521.15, and the NSE Nifty 50 index rose 229.30 points or 1.43% to shut shop at 16,278.50. All the sectoral indices ended in the green with Information Technology, PSU Bank, Metal, Power, Oil & Gas, Bank, Realty and Capital Goods indices up 1-3 per cent. In the broader markets, BSE Midcap and Smallcap indices rose over 1 per cent each. Hindalco Industries, IndusInd …

上海419论坛

NMDC rating: Reduce | Sales fell significantly in Q1FY23

on

NMDC has cut its prices by 36% in May-June 2022 on imposition of export duty and we expect further weakness given a 20% correction in seaborne iron ore prices in the past one month. Sales volumes have significantly contracted in Q1FY23, led by destocking by consumers, and are likely to recover in H2FY23E. We believe the recent stock underperformance captures the sharp margin fall from Q2FY23E onwards. We trim earnings, FV to Rs 105 (from Rs 110) and revise rating to Reduce (from Sell). Prices likely to remain under pressure despite sharp price cuts in June 2022: In May-June 2022, …

上海419论坛

Done my best to lead NSE in difficult period: NSE’s outgoing chief Vikram Limaye

on

NSE’s outgoing Managing Director and CEO Vikram Limaye on Saturday said he has done his best to lead the exchange in a very “difficult period” and to stabilize and strengthen the bourse. Limaye, whose five-year term ended on Saturday, did not seek another tenure at the National Stock Exchange (NSE) despite being eligible for it.However, the exchange did not announce who is taking over the helm of the NSE from Limaye. The end of Limaye’s five-year term as the NSE chief comes amid the NSE facing the regulatory probe in a case pertaining to governance lapses at the bourse as …

上海419论坛

Brent falls below $98/bbl; rupee just shy of 80 vs US dollar

on

Brent crude fell to $97.5 per barrel on Thursday, its lowest level in four-and-a-half months, brightening the prospects of an improvement in India’s macro-economic parameters and government finances and a lessening of its external-sector vulnerabilities. Softening of oil prices — many analysts expect the near-prospects to be benign as the likely US rate hike later this month could hit demand — could cool inflation, lend significant support to the falling rupee, thanks to lower forex outgo on import of assorted commodities and curb budget spend on explicit subsidies. Meanwhile, the rupee lost another 24 paise on Thursday to hit yet …

上海419论坛

Impact on imports: Global factors causing rupee fall against dollar

on

Finance minister Nirmala Sitharaman on Monday said global factors such as the Russia-Ukraine war, soaring crude oil prices and tightening international financial conditions are the major reasons for the weakening of the rupee against the dollar. For the first time, the domestic currency dropped below the psychological 80-mark against the dollar in intra-day trade on Monday, before ending the session 16 paise lower at 79.97. The minister said currencies such as the British pound, the Japanese yen and the Euro have weakened more than the Indian rupee against the US dollar. Therefore, the Indian rupee has strengthened against these currencies …

上海419论坛

US Stocks: Wall St set for stronger open; Citi shines after results

on

Wall Street’s main indexes were set for a stronger open on Friday as upbeat retail sales data allayed some concerns about an economic slowdown, while Citigroup’s shares surged after quarterly results. The third-largest U.S. bank jumped 4.9% before the bell as strong trading activity in the second-quarter helped offset a slump in investment banking.Wells Fargo fell 0.7% as it set aside more money to cover potential loan losses. Investors are jittery over a potential 1% Federal Reserve rate hike at the end of July after grim inflation reports this week highlighted that price pressures were unabated in June. Calming some …

上海419论坛

18% GST on fees charged by Sebi

on

Entities dealing in the securities market will need to pay a GST of 18% on the fees charged by the Securities and Exchange Board of India (Sebi). The new tax rate is effective from Monday, the market regulator said in a circular. The GST Council in its meeting held on June 28 and June 29 had “This would result in additional costs for companies and lead to cash flow issues for some. Companies from certain sectors may not even be able to take the benefit of input tax credit on this,” said Yashesh Ashar, partner, Bhuta Shah & Co.

网站备案号: 粤ICP备19155694号-2