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In the pandemic year of 2020-21, overall sales of automobiles were severely affected due to lockdown, restrictions on the opening of showrooms, and lack of demand. However, with the unlock, the demand seems to be coming back on track. However, the biggest surprise is the pick-up in hind-end or premium vehicles. After declining by half […]
Back on positive global cues and backed by banks and financial services shares, Indian benchmark indices managed to close higher after three days of losses. This is the highest single-day up move in the Sensex since May 12. At the close of Tuesday, Sensex was 52,769, up 397 points while, Nifty closed up by 119.75 […]
Indian shares are expected to open with big gains on back of positive global cues. Record closing in the US, bullish Asian peers and better than estimated inflation data released on Monday are likely to provide positive support to the market. The Nifty futures in Singapore are up by 140 points also indicate a strong […]
Asian Stock market continued its upward move on Tuesday on back of strong gains in the US markets. Most market in Asia are in the bullish momentum with Nikkei in Japan gaining 0.81 per cent, The South Korean 0.70 per cent and Hang Seng rising by 1.52 per cent. Expectations for a solid earnings season […]
In aftermatch of a media report that resulted in series of profit booking on shares of six listed entities of Adani group companies, the founder and chairman of the group has spoken out. In his address to shareholders, India’s second richest also elaborated on the growth model of his business empire. “I must draw attention […]
For another day the Indian benchmark indices – Sensex and Nifty – could not hold on to their gains during the trading session and closed almost flat on Monday. Interestingly, since the beginning of June, the benchmark indices are moving in a narrow range but slowly losing their momentum on the bullish side. Supported by […]
After two days of profit booking, two weeks of losses, the Indian benchmarks are expected to open with gains on Monday. The SGX Nifty Futures in Singapore is trading up by 67 points at 15,795. The benchmark in India closed at 15,721 on Friday. A total of 11 companies will announce their June quarter earnings […]
Stock markets across Asia have bounced back off the lows of the last week helped by Friday’s record highs on Wall Street. However, the quarterly earnings and the Federal Reserve statements during the week are the major hurdles ahead. On Monday morning, Nikkei in Japan is up 1.9 percent, the South Korean market is up […]
The investigation wing of the state Goods and Services Tax (GST) department has unearthed a major bogus input tax credit (ITC) scam in three separate incidents after search and raids at 71 locations across the state. The tax authorities have arrested two individuals for running a racket of generating bogus bills and selling them on […]
Like the secondary market where Sensex and Nifty are at record highs, the primary market or where the shares are offered for the first time to the public before the listing is also gaining momentum. On Friday, two initial public offerings (IPO) closed for the subscription. The investors’ response is unbelievable! The specialty chemicals company […]
For the second session in a row, benchmark equity indices closed down. However, in the broader market, small-cap and mid-cap managed to end with gains. Concerns around rising interest rates, China’s crackdown on its technology companies listed abroad, rising Covid cases and profit-booking by foreign investors were the major forces behind the trade during the […]
Indian stock market witnessed major sell-off on weak global cues, rising dollar and cautious Federal Reserve minutes. At the closing, Sensex ended in the downward path by 0.92 per cent or 485.82 points at 52,568.94 and the Nifty closed at 15,727.90 or down by 151.75 points. After the closing at record highs in the previous […]
Asia’s oldest stock exchange, the Bombay Stock Exchange added another feather in the cap as it recorded the highest contribution in the industry net equity inflow by contributing Rs 6,072 crore against the total equity inflows of the industry of Rs 5,998 crore in June. As investors are queuing up for registration with stock exchanges, […]
Indian equity markets closed down on Tuesday after two sessions of gains. The market managed to reach a new record high, however, profit booking in Reliance, Tech Mahindra and Tata Motors dragged the market below the previous close. The benchmark, Sensex hit a record high of 53,129 but failed to hold on to the momentum. […]
African nation Uganda, once a second home for Gujaratis, is looking for increased partnership from small and medium enterprises of Gujarat. As part of this initiative, Ms. Grace Akello, the Ambassador of Uganda to India had a bilateral discussion about cooperation between the two parties with the state’s chief minister Vijay Rupani on Tuesday. During […]
After two months of decline, Indian passenger car manufactures are back on track with higher sales numbers in the month of June alone. Though consumer sentiments are still positive, experts believe that it may change with the rising fuel prices. Although, businesses remained shut, owing to city-wide curfew and restrictions imposed during the second wave […]
The Indian economy is majorly Micro Small and Medium Enterprises (MSME) sector driven. It contributes upwards bound, 30 percent to the economy in both GDP and employment generation. But this sector has been reeling under pressure and crumbling due to the slowdown in 2019, and the worst hit by the pandemic. In a recent survey […]
In the current scenario, Indian equity markets are giving equal opportunity to risk-takers and risk-averse. On one hand, when new investors are queuing up for new account openings for stock trading, some of the investors are liquidating their holdings. Experts believe investors liquidated their portfolio as fear gripped the market when Covid-19 cases started rising. […]
The bigger, wider, and scarier second Covid wave has devastated families in Gujarat. On one hand, it was hard to find health facilities on the other hand little intervention resulted in an increased financial burden on the people. Vibes of India has tried to capture the monetary burden on the people of Gujarat. The calculation […]
