Latest Stock Market News

“The Bharat story is very strong for Titan Company across all formats and we are seeing that playing out month after month and particularly in the April-June quarter, there will be a lot of semi-urban, rural weddings which we will certainly benefit through. FY23 is looking very good for us and we have begun April on a very good note. So all cylinders are firing for all businesses, everything is on top gear I would say.”

“It is important to be a realist not just being an optimist and this is something that was staring the RBI in the face for quite some time. We have now reached a stage where inflation has become an obstruction to growth rather than their accommodative policy spurring growth or helping growth. The results of the easy monetary policy continuing for longer than warranted has actually become an obstruction to growth.”

“I have been warning that it is a short business cycle. Do not think of it as another 2003 or 2008. It is a very short business expansion that we have experienced. The peak is behind us in terms of growth acceleration. We are decelerating fairly quickly and what we stare now is potentially a sort of analogue of 2011 in play. Everything would begin to slow and what will not slow is inflation.”

The 40 basis point-rate hike in the repo rate, the first rate hike since August 2018, and cash reserve ratio (CRR) by 50 basis points, sent stocks tumbling. Sensex tumbled 1,307 points for the day while Nifty50 settled below the 16,700 level, breaching the lower end of a range that had gained respect among traders for bounce backs in the past.

A long bear candle formed on the daily chart that decisively broke below the important support of 16,900-16,800 level, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

HDFC reported strong performance in 4QFY22 on two counts – strong disbursements in the individual business and sharp reduction in stressed loans.

Tanla Platforms Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 19417.04 Crore) operating in IT Software sector.

“Overall I expect the steel industry to have a few good years ahead and nowhere in the steel industry apart from India is capacity being added significantly, unlike in the past when steel prices were high and a lot of capacity was added in China. So overall, we are in a much better place and that will reflect in the numbers for the industry.”

Reduce Just Dial Ltd. at a price target of Rs 830.0 .

​​The stance of monetary policy remained accommodative while focusing on withdrawal of accommodation, Das said.