Page 9 - Domestic Markets

India's manufacturing PMI softens slightly to 57.8 in June from 58.7 in May

'Client interest' continues to support industry and helping growth of output and employment, it says

Nifty 500 vs S&P 500: India catches its breadth, even as US outruns it

On the surface, it appears that the US markets have done exceedingly well. However, a deeper analysis reveals the gains in the domestic market to be more well-spread

IDFC FIRST Bank raises Rs 1,500 crore via Tier-2 bonds in domestic market

Face value of Rs 1 cr, coupon rate 8.4%; paper has a tenure of 10 years with call option at the end of five years

Centre to release tur from national buffer till imported stocks arrive

The order has also made it mandatory for entities to declare the stock position on the relevant portal of the Department of Consumer Affairs

Rupee rises 6 paise to 82.54 against US dollar in early trade on Monday

The rupee gained 6 paise to 82.54 against the US dollar in early trade on Monday, tracking positive trends in domestic and global markets as well as inflows of foreign funds. The dollar index is trading almost flat at 104 level with forex traders awaiting an agreement on the US debt ceiling between US President Joe Biden and Republican House Speaker Kevin McCarthy. At the interbank foreign exchange, the domestic unit opened stronger at 82.57 against the dollar and hit the highest level of 82.51. Later, it slipped to 82.54, registering a gain of 6 paise over its previous close. On Friday, the rupee closed at 82.60 against the US currency. Anand James, Chief Market Strategist at Geojit Financial Services, said in his rupee outlook that the Indian currency is likely to reach the level of 82.25 against the US currency. "Inability to float above 82.70 has elevated the risk of revisit of 82.45. Breach of the same may expose 82.2. Until this holds, we may pull back into the sideways tren

Zerodha's co-founder, Nikhil Kamath is backing on domestic consumption

Nikhil Kamath explains to his followers why India's domestic consumption market is the place to be in the coming decade

Hero MotoCorp looks to ramp up export contribution to overall revenues: CFO

Hero MotoCorp expects exports to contribute at least 10 per cent to the overall revenue pie in the medium to long term while aspiring to grow faster than the industry in the domestic market in next fiscal year, according to company's CFO Niranjan Gupta. At present, overseas shipments' share in the overall turnover pie is in low single digit. The country's largest two-wheeler maker, which ships its products to various geographies in Asia, Latin America and Africa, also plans to scale up its presence in the domestic premium segment. "As far as global business (exports) is concerned over the medium to longer term, we do want global business to be at least 10 per cent of our overall revenue. There are actions which are in place..," Gupta said in an analyst call. There were huge headwinds last year in a lot of key markets due to currency inflation and other factors with some of the markets like Sri Lanka even closing down, he said. "But obviously, these markets will come back and there

All that glitters: Gold prices ahead of Sensex on YTD, five-year basis

This has acted as a magnet for investors, and led to a record number of equity-trading and demat accounts being opened

'Underweight' on India, China to lead Asian outperformance in 2023: Nomura

The key risks identified by the brokerage are stretched government finances and oil prices going past $120 a barrel

Reserve Bank of India issues framework for Indian banks' foreign biz

The framework also specifies the applicability of these instructions to International Financial Services Centres in India, including Gujarat International Finance Tec-City

Scaling a new peak: FPIs, global cues propel Sensex past 63,000 mark

FPIs bought shares worth Rs 9,010 crore on Wednesday, according to provisional data from exchanges

Policy transmission disjointed in bond market: RBI deputy governor Patra

The Deputy Governor flagged instances of wild swings in sovereign bond yields in response to factors such as the announcement of the government's borrowing programme and interest rate changes

India's decoupling from global capital market surprising: Mukul Kochhar

Country attractive for global investment because of 'visibility for high growth', says head of Institutional Equities, Investec India.

L&T Q2 net profit rises 22.5%, revenue up 23% on strong order inflows

In Q2, the company gained from strong order inflows in the domestic market, with consolidated revenue from operations increasing by 23 per cent to Rs 42,763 crore in the period

Motherson's local wiring biz better placed than its global sales entity

Demand, rising content per vehicle, return ratios key investment arguments for Motherson Sumi Wiring

All new Vespa GTS unveiled: 300 HPE engine, 14 new colours and more

The updates to the Vespa GTS include a mild facelift, a new front suspension and a new 300 HPE engine

New Jersey-based Amneal Pharma starts mfg operations for Indian market

The firm already has manufacturing units in four Indian cities, all of which are focused on the export market

Indices log best 1-day gains in five weeks, soar 2.3% as bond yields cool

FPIs buy shares worth Rs 1,345 crore

India's potash facing demand destruction as world reels from high prices

Potash consumption will probably fall to 3 million tons in the year through March 2023 from 5 million a year earlier

Enough wheat stock in India; govt to keep check on hoarders: Food Secy

The government on Monday said there is sufficient wheat stock in the country and that it will take action against hoarders, if needed, to boost domestic supply. The Centre may consider steps like asking for disclosure of wheat stocks by traders and imposing stock limits to augment domestic availability. Addressing the 82nd AGM of Roller Flour Millers Federation of India, Food Secretary Sudhanshu Pandey said there is no problem of wheat in the country and the Centre has 24 million tonne of wheat in godowns of state-owned FCI. The secretary pointed out that wheat prices have gone up due to "speculative trading". Pandey said the government's wheat production forecast is around 105 million tonne in rabi season of 2021-22 crop year (July-June) while the trade estimates are 95-98 million tonne. Even if trade estimates are to be believed, Pandey said the production is enough to meet the domestic demand. The country has exported 4.5 million tonne of wheat so far this fiscal year. Out of