Author Archives: Loknath Das

SBI MD Anshula Kant appointed World Bank CFO and MD

Anshula Kant, managing director of the State Bank of India, has been appointed as managing director and chief financial officer of the World Bank, its president David Malpass announced on Friday. As Managing Director and Chief Financial Officer, Kant will be responsible for financial and risk management of the World Bank Group, reporting to the President. “I am very pleased ... Read More »

In Pics, Finance Minister Nirmala Sitharaman Shows Budget Document At Parliament

Finance Minister Niramala Sitharaman will soon present her maiden budget after PM Modi led BJP won the Lok Sabha elections with a massive victory. Ahead of the budget that Ms Sitharaman will present at the parliament at 11 am, the finance minister along with MoS Finance Anurag Thakur, Finance Secretary SC Garg, Chief Economic Advisor Krishnamurthy Subramanian and other officials, ... Read More »

Stocks in the news: Natco Pharma, Siemens, TeamLease, IFCI, Edelweiss Financial, JK Tyre, SAIL

Here are stocks that are in the news today: Results on July 8: Steel Strips Wheels, Goa Carbon, Delta Corp Mindtree: K Natarajan, NS Parthasarathy, Rostow Ravanan resigned. Adhunik Industries: Mahesh Kumar Agarwal, Non-Executive Director (Chairman) of the company, has resigned from the post of directorship. Siemens: Company transferred its leasehold interest in the property at Halol Industrial Area (Phase III) in ... Read More »

Stocks in the news: DHFL, Indiabulls Real Estate, Wipro, Cyient and Schneider Electric

NEW DELHI: Nifty futures on the Singapore Exchange were trading 24 points, or 0.20 per cent, lower at 11,860, indicating a negative start for the Nifty50. Here are a few stocks which may buzz the most in today’s trade: Indiabulls Real Estate: US-based investment firm Blackstone may acquire Indiabulls Real Estate’s promoters’ stake at an estimated enterprise value of around $1 ... Read More »

Market Headstart: Nifty likely to open lower; 3 stocks which could give 8-13% return

The Nifty50 is likely to open lower on Tuesday ahead of Monetary Policy Committee (MPC) outcome on Thursday. Asian markets were trading mixed as deeper concerns about growth have capped broader improvements in risk sentiment. Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 48 points or 0.40 percent. Nifty futures were ... Read More »

HCL Tech, Lupin, Havells among 11 stocks that analysts say can give solid returns in 2-3 weeks

NEW DELHI: Despite weak global cues, domestic benchmark indices got off to a positive start on Monday as ease in crude oil prices globally further boosted hopes of a policy rate cut by the RBI in its policy review later this week. The upside in the market though remained capped as macro data including a 5-year low GDP and weak ... Read More »

Upside for Nifty likely to remain capped at 12,100; 5 stocks ripe for cherry picking

The upside seems limited, whereas the downside is more apparent, with the broader range for the Nifty might be at 11,700 on the downside while being at 12,100 on the upside, Jayant Manglik, President, Retail Distribution, Religare Broking, said in an interview with Moneycontrol’s Kshitij Anand. Q: The Nifty50 closed the month of May on a strong note above 11,900 ... Read More »

Nirmala Sitharaman gets finance ministry, Amit Shah home as Modi 2.0 portfolios announced

Former Defence Minister Nirmala Sitharaman has been appointed as the new finance minister with former home minister Rajnath Singh getting the defence portfolio in Prime Minister Narendra Modi’s new Cabinet. Amit Shah will be the new home minister. Former foreign secretary S Jaishankar will helm the Ministry of External Affairs, a press statement from the Rashtrapati Bhavan said. Former textile ... Read More »

Market continues to be euphoric: Sensex rises over 100 points, Nifty above 11,900 on domestic, global cues; Yes Bank, Vedanta among early gainers

Mumbai: The benchmark BSE Sensex advanced over 100 points in early trade Tuesday amid positive domestic and global cues and unabated foreign fund inflow. The 30-share index was trading 98.04 points, or 0.25 percent, higher at 39,781.33. Similarly, the broader NSE Nifty rose 24.75 points, or 0.21 percent, to 11,949.50. In the previous session on Monday, the BSE gauge ended 248.57 ... Read More »

What’s driving the investor bet on Sensex stocks

Mint takes a look at what is driving the stock market. 1) Are the current levels of the stock market justified? Till now, in fiscal 2019-20, the price-to-earnings (P-E) ratio of the 30 shares that constitute the BSE Sensex, India’s most popular stock market index, has been at 28.17. The P-E ratio is the market price of a share divided by its ... Read More »