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Puneet Wadhwa leads all stock & financial markets’ coverage at Business Standard. He has an experience of over two decades in managing India’s busiest print, digital and electronic newsrooms at the Outlook Group, NDTV and Hindustan Times.
Puneet Wadhwa leads all stock & financial markets’ coverage at Business Standard. He has an experience of over two decades in managing India’s busiest print, digital and electronic newsrooms at the Outlook Group, NDTV and Hindustan Times.
Despite high exposure of public sector banks to power, iron and steel sectors, analysts remain in a wait-and-watch mode
While the benchmark index has moved up 48% between 29 August 2013 till date; Axis Bank, Maruti Suzuki and Larsen and Toubro (L&T) have gained 134%, 121% and 108%, respectively
Improvement in earnings, govt policies could provide more legs to the rally that started a year ago
Interview with Global head of economics, Macquarie
RIL and ITC that have a weightage of 7.42% and 11.50%, respectively in the S&P BSE Sensex
Jindal Steel and Power, Hindalco, JSW Steel, Sesa Sterlite and Tata Steel are down 4-12% on BSE.
The ministry has also asked banks to prepare a list of large borrowers
Of these, 25 have more than doubled, 133 surged 50-100%
This is the second instance in less than a month when a public sector bank was found being involved in a scam
RBI recently hiked LRS limit to $125,000 or Rs 7500,000 as on Aug 19 with $/rupee rate of 60
Interview with Head of Asian research, CLSA
Jewellery demand was almost a third lower, according to a WGC report
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term
Among railway stocks, shares of wagon-maker Texmaco Rail and Engineering has gained 9% to 101 on the Bombay Stock Exchange (BSE)
The suggested buyback price of Rs 3,850, which also is the stock's 52-week high, is at 6.7% premium to the Wednesday's intra-day high price
158 small-cap firms post aggregate net profit growth of 104% against 16% each recorded by mid, large-cap players
Most telecom stocks have outperformed the market on Friday with Bharti Airtel trading 2.8% higher
For the recently concluded quarter, the company eported a net loss of Rs 78 crore