Latest Stock Market News

"India’s growth gap over the rest of the world is widening and India will be the fastest-growing major economy in the world over the next 5 years at least. So, visibility of growth is the key reason. India is largely a domestic consumption-driven economy, helping to relatively insulate itself from a potential global slowdown/recession."

VIP Industries Ltd. key Products/Revenue Segments include Soft Luggage, Scrap and Export Incentives for the year ending 31-Mar-2022.

“If somebody is saying that if you retire, then you should retire your equity portfolio, I think it could be dangerous. Not investing in equity could be the most risky thing which an investor could do in his retirement. The Government has no business stopping people from investing in equity after they retire as it has done with NPS.”

Poonawalla Fincorp Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 23782.70 Crore) operating in NBFC sector.

The Nifty IT index was trading 0.19 per cent down at 28517.3.

CPI inflation has been volatile above 6% since breaching the threshold in January. It touched a peak of 7.79% in April. The last recorded number was 7.41%, reported in September 2022. Economists, however, are unsure if the MPC meeting will lead to any decision on rates.

The company has reserved 50% of shares for qualified institutional buyers, whereas non-institutional investors will get 15% of shares. The remaining 35% of shares have been allocated to the retail bidders.

Shares of IIFL Wealth (Rs 17 per share), KPI Green (Re 0.25 per share) and Focus Business (Re 0.38 per share) shall trade ex-dividend today.

"We have been constructive in IT sectors unlike most of our peers and this conviction comes from a deep research on IT’s vulnerabilities to previous cycles. Markets have consistently overreacted to IT’s earnings prospects during the downturn and when reality dawns - a serious catch-up trade happens. Our scuttlebutt analysis reflects strong demand for the festive season though rural demand still remains weak."

“For an investor looking at a safer option, larger ones like SBI would be our preferred pick followed by Axis Bank and ICICI Bank. If one were to take a risky bet, one can definitely look at some of the smaller banks, especially in the PSU banking space like Canara Bank or Bank of Baroda. ”