Latest Stock Market News

The index has created a very well-defined trading range for itself at the moment and continues to stay within the defined boundaries. Markets witnessed mixed trends throughout the previous week. It stayed quite ranged and the trading range too remained narrow as the Nifty oscillated in a 330-point range in the past five sessions.

Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.

The worry is coming from the fact that the deposit growth has been weak. And this has been the case with all the other banks as well, the deposit growth has been weaker which translates into lower CASA ratio for many of them which also means higher cost of borrowing as they go forward and the NIM compression to happen in the subsequent quarters.

While the core operating income grew 32% year-on-year to Rs 4,402 crore, operating expenses rose at a slower pace than income growth at only 23% YoY, which resulted in improved operating leverage.

Yes, actually we have seen significant upside bounce in the IT pack recently especially midcap and the frontline caps. Nevertheless, I am not expecting any bigger upside momentum from here. We are likely to see some kind of a decline from the IT majors and at the lower levels they would find support.

Obviously next week also we are in expiry. Monthly expiry is coming up that is why we are seeing that markets have been quiet since the last three-four sessions. So, the sector on my radar is financials and within the financials also PSU banks.

The group has typically incubated businesses within its flagship company, to demerge and list them later. Its listed arms today operate in sectors including ports, power transmission, green energy and food production.

Since the 90s, in the last 3 decades we have flip flopped from 20% to 10% to zero, then back to 10% and again with an exemption of 1 lakh etc.

Since the crucial fiscal deficit is expressed as a percentage of nominal GDP, the higher denominator has given the FM a rare opportunity to spend Rs 82000 crores more than budgeted and yet contain the fiscal deficit at the budgeted target of 6.4 percent of the GDP.

The ace investor has picked stakes in three new companies 3M India, Andhra Paper, and United Breweries during the December quarter, while he reduced positions in Blue Dart Express, BF Utilities and VST Industries.