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Rupee falls 9 paise to 82.74 against US dollar

Updated at : 2022-12-27 11:30:03

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According to an official announcement on Monday, China will scrap quarantine for international travellers from January 8 next year, as it reopens its international borders and comes out of international isolation after nearly three years.

Having risen more than 12% year-to-date, shares of the automaker have given double-digit returns for the first time since 2017. Year-to-date, Nifty 50 has gained a little over 5%. The stock remains a bet in the automobile pack for 2023 for most brokerages given the bullish outlook for passenger vehicle demand in the domestic market. Analysts expect Maruti Suzuki

"We think we should be done with interest rate hikes by central banks by mid 2023. However, the cost of capital for corporates and retail borrowers will continue to increase as liquidity tightens due to the balance sheet shrinking exercise by the US Fed. This may put the brakes on capex and consumer spending globally and reduce inflationary pressures."

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Poonawalla Fincorp Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Rental Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

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Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 294300.64 Crore) operating in Construction sector.

India and China — a 2023 tale of two markets

Updated at : 2022-12-27 11:30:03

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The world’s second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijing’s isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the country’s valuable tech firms. If China has been mired in a surfeit of pessimism, the opposite is true of India. Thanks to pent-up urban demand after the pandemic, stocks have held up reasonably well despite the US Federal Reserve’s aggressive monetary tightening.

The market capitalisation of all listed companies on the BSE increased by Rs 5.79 lakh crore to Rs 277.91 lakh crore in the last four days

"Our advice will be to still stick in the top 50 or the probably top 100 companies when you look at investing in the market/ But creation of wealth is about asset allocation, about allocating across horizons, across the market. So the continuation of some of the themes will play out. We expect consumption, healthcare, banking to continue its performance from here on. "

Nifty formed a Bullish Engulfing candle on daily scale on Monday and negated its lower highs of last three trading sessions,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

"Landmark is a very strong business having tremendous moats and it is the only organised play in the car distribution and dealership business. We believe that Ladmark is going to get into the game of acquisitions because there are 5,000 dealerships in India; they have about 112 dealerships and consolidation is the name of the game and they have a head start being listed in the markets."

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