Nifty

Indian equity benchmarks ended mixed in yet another volatile session on February 2 despite the budget, presented a day earlier, being hailed as growth-oriented, as the selloff in Adani group stocks continued to roil the market. The 30-pack Sensex gained 224.16 points, or 0.38 percent, to close at 59,932.24, while the broader Nifty was down six points, or 0.03 percent, at 17,610.40. The market opened lower, with the Nifty slipping below 17,500 but recovered soon after and traded flat for most part of the session. Last hour buying, however, helped the Sensex to cross 60,000 and close near the level. "Despite a growth-oriented budget, drop in crude prices and upside in the global market, the domestic market is not able to gain because of the Adani saga having a ripple impact on the investors," said Vinod Nair, Head of Research at Geojit Financial Services. Premium valuations continue to weigh on the Indian market compared to other emerging markets, which are expecting upside … [Read more...] about Taking Stock | Sensex rises 224 points, Nifty ends flat in a volatile session

Tuhin Kanta Pandey was among the architects of the Union Budget for fiscal year 2023-24, presented by Finance Minister Nirmala Sitharaman on February 1 The government will continue to strive to meet disinvestment targets subject to market conditions within the next two months, Secretary of Department of Investment and Public Asset Management Tuhin Kanta Pandey told CNBC-TV18 in an exclusive interaction. "This year we have done a divestment of Rs 68,000 crore so far, which is close to 70 percent, of our FY24 target of Rs 1.05 lakh crore," he added. He spoke also about the performance of CPSE indices in recent years and mentioned these indices have consistently outperformed both the Nifty and Sensex. He attributed the strong performance to the consistent dividend policy of PSUs and their high governance standards. Also Read: Union Budget 2023 : A round-up of market expectation versus announcements According to Pandey, the dividend targets set in the latest … [Read more...] about Will continue to strive to meet disinvestment targets, says DIPAM Secretary

Share to Twitter Share to Linkedin Whether you’re gathering with friends and family in the backyard or setting up camp in the backcountry, the best fire pits are a must-have. Designed to upgrade your experience outdoors, these sleek, roomy accessories provide real heat—and an ideal location for your summertime s’mores setup. For many, in fact, a fire pit is a can’t-do-without piece of patio furniture . It’s often used well beyond the summer months, and it really does make family get-togethers that much more special and memorable. But before you decide to invest in one of these nifty fire pits, it’s important to first consider your specific individual needs. Are you planning on using it as a focal point on your patio or backyard, or do you want something you can take on the go? Do you want something sizable or on the smaller end? Naturally, it’s also important to consider what kind of material you’d like your fire pit to be constructed from, and whether you’d … [Read more...] about The Best Fire Pits To Provide Your Backyard With Year-Round Comfort

Moneycontrol looks into major sectors that are poised to generate employment as per the Economic Survey 2023. Total assets under custody of Foreign Portfolio Investors (FPIs) increased by 3.4 percent owing to the strong macroeconomic fundamentals of the Indian economy and improvement in market risk appetite from time to time, according to the Economic Survey 2022-23 released by the Finance Ministry on January 31. Despite the uncertain macro environment considering the inflation and geopolitical concerns, the total assets under custody of FPIs increased to Rs 54.0 lakh crore at the end of November 2022 as compared to Rs 52.2 lakh crore at the end of November 2021. Ironically, this increase comes at a time when Indian equities are witnessing huge FPI outflows. Also Read | Economic Survey 2023 shines light on growing demat accounts tally, flags declining additions During FY23, if we look at the overall net investments by FPIs, the market saw an FPI outflow of Rs … [Read more...] about Economic Survey 2023: Total assets under FPIs grow despite huge outflows