Month: December 2022

2023 could be another volatile year for Indian equity markets, according to BofA. In a report, the brokerage pointed out that the Nifty50, at present, is trading at 20.7x against its long-term average of 18.8x one-year forward earnings of current Nifty constituents. Plus, India is trading at a 98 per …

Continue reading “Volatile Indian equity markets, flows capping downside: BofA on 2023”

Union Budget 2023-24 will be the last full-year Budget ahead of the Lok Sabha elections. The finance minister is expected to lead India on the growth path while keeping the fiscal deficit and inflation in check. The macro-economic concerns will be the subject of much debate and discussion. Meanwhile, there …

Continue reading “How will Budget 2023 affect your taxes and investments?”

Shares of FMCG major, Hindustan Unilever (HUL) extend the winning run for the fifth straight trading session in Friday’s intra-day trade after the company announced its foray into health & wellbeing category. The stock so far hit a fresh 52-week high at Rs 2,741 and was up 0.7 per cent …

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Shares of Vadilal Industries (VIL) jumped 10 per cent to touch an intra-day high of Rs 2739.55 a share on BSE in Friday’s early trade before the stock erased half of its gains. At the time of writing this report, the stock was up 5 per cent. The sharp move …

Continue reading “Vadilal Ind soars 10% on board nod to buy ‘Vadilal’ brand from promoter co”

CLOSING BELL Stock market highlights: Bucking the global trend, domestic equity markets fell on Friday bogged down by profit booking in IT stocks, and heavyweights like Reliance Industries, L&T, and financials. The S&P BSE Sensex, which started about 100 points higher, erased gains and dropped over 700 points from the …

Continue reading “Sensex sinks 389 pts, Nifty below 18,500; IT, PSBs crack; HCL Tech down 7%”

As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback. The MSCI International Emerging Market Currency Index is up nearly 5% from its lows and notched its best monthly gain in about seven years …

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Shares of Mahindra & Mahindra Financial Services (Mahindra Finance) hit a 52-week high at Rs 243.60, on surging 6.4 per cent in Monday’s intra-day trade in an otherwise weak market after the company announced it recorded a disbursement of approximately Rs 4,500 crore in November 2022, delivering a 75 per …

Continue reading “Mahindra Finance up 6%, hits 52-week high on healthy disbursements in Nov”

Shares of automobiles companies traded on a weak note amid profit booking on Friday after they reported a mixed set of sales numbers for the month of November. At 12:19 PM, Eicher Motors, Mahindra & Mahindra (M&M) and Ashok Leyland were down in the range of 2 per cent to …

Continue reading “Auto shares trade weak post November sales; Eicher, M&M down up to 3%”