Tag Archives: This

Bank holidays: Three-day closure this week in some cities

NEW DELHI: All commercial banks in India will remain closed for 2-3 days this week due to bank holidays. According to the Reserve Bank of India (RBI) holiday calendar, banks were closed today on account of Bakri Id or Id-ul-Zuha. Again on Thursday, banks will be shut on account of Independence Day and Rakshabandhan festival. In most cities, banks will be open ... Read More »

Modi’s new government formation, GDP data likely to drive market this week

Mumbai: The formation of the new government at the Centre along with GDP data and derivatives expiry will dictate the trends of the Indian equity market in the coming week. The BJP-led National Democratic Alliance (NDA), which comprehensively won the just concluded Lok Sabha elections, will soon form the new government and appoint key Union Ministers. “Now the focus of the market should be on economic growthcycle besides ... Read More »

Bank branches dealing with government business to remain open this Sunday: RBI

MUMBAI: The Reserve Bank of India (RBI) on Tuesday directed banks to keep open their branches dealing with government business on the last day of the financial year (March 31), which happens to be Sunday. “The Government of India has advised that all Pay and Account Offices will remain open on March 31, 2019 (Sunday) to facilitate government receipt and payment ... Read More »

Sensex, Nifty jumps 1%; Heads up as 45 stocks hit 52-week low this week

The Indian market which started on a somber note managed to push the index back above crucial resistance levels in the week gone by, which was largely positive for the bulls. The Nifty50 reclaimed its crucial resistance level of 10,900 and closed the week with gains of 1.04 percent. Similarly, the S&P BSE Sensex reclaimed 36,000 and closed 1.05 percent ... Read More »

Obsessed with consumption stocks? You might just miss this goldmine

NEW DELHI: If you are looking at consumption as a big stock investment theme in the hope of big pre-election sops for rural India, think again. Capex revival might just turn out to be a more rewarding theme. There are early signs of a revival in the private capex cycle, as signalled by improved capacity utilisation levels across industries. Reasonable ... Read More »

Want to quit the equity market? Read this before you make a decision

Kunal is keen to quit the equity market as he is not sure what lies ahead. Those around him seem to be investing, even though there are murmurs of a slowdown and uncertainty due to upcoming elections. He believes there is little point in following the crowds, and is convinced that it is a good idea to leave the market even if ... Read More »

Cramer: Pick individual stocks with long-term growth stories in this ‘treacherous’ market

Cramer: Pick stocks with long-term growth stories   8 Hours Ago | 01:26 Between the mixed messages on U.S.-China trade and concerns about an economic slowdown, day-to-day stock-picking is becoming very challenging for the average investor, CNBC’s Jim Cramer acknowledged on Tuesday. “We’ve got to call a spade a spade. This market isn’t just volatile, it’s treacherous,” he said after yet ... Read More »

This is not a runaway market: Quality stocks that fell in 6-8 months are up for grabs

After a sharp selloff in October 2018, domestic equity indices marked a decent recovery in the first fortnight of November 2018 mainly underpinned by a sharp decline in crude prices (20 percent down from the peak in October 2018) easing concerns over deteriorating twin deficits and stability in the Indian rupee. Renewed buying from foreign institutional investors also helped in ... Read More »

This is what the market looks like without FANGs

FANG weakness may prove nothing more than a breather after they rallied at three times the pace of the broader tech index this year. Rarely does a day go by in the US stock market without someone decrying its addiction to gains in the FANG bloc of tech megacaps. Now, in the middle of earnings season, their support has gone ... Read More »

High provisions may dent bank profits this quarter

“We expect PNB to report a large loss owing to higher provisions.” MUMBAI: Higher provisions due to rising non-performing assets, losses on account of marked-to-market investments in government securities and uncertainty on leadership will weigh on banks as they set to report fourth-quarter results. Analysts expect net profits of large banks to fall as elevated provisions continue to take a ... Read More »