The Indian markets on Monday afternoon continued to trade on a positive note with the Nifty jumping 133 points at 10,360 while the Sensex zoomed 431 points.The Nifty FMCG Index jumped 2.1 percent led by stocks including ITC which gained 3 percent while United Spirits added 4.2 percent. The other FMCG gainers included Tata Global Beverage and United Breweries.The Nifty IT index gained 1.5 percent led by HCL Tech which was up close to 3 percent while Infosys was up 2 percent. Wipro and Cyient were the other top IT gainers.Close The Nifty PSU banking index was however down 2.4 percent dragged by Andhra Bank which plunged close to 12 percent after the Enforcement Directorate filed a charge sheet against a former bank director in an alleged Rs 5,000-crore bank fraud case involving a Gujarat-based pharma firm. related news CLSA remains bullish on Bharti Airtel as fund-raising plan assuages AGR-risk concerns D-Street … [Read more...] about Market Update: CNX FMCG up 2% led by ITC, United Spirits; Bharti Airtel up 3.5%; PSU banks drag
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The Indian markets on Wednesday morning were trading on a negative note with the Nifty shedding 48 points or 0.47 percent while the Sensex was down 129 points.The Nifty PSU banking index was trading higher by 0.8 percent led by IDBI Bank, Oriental Bank of Commerce, Bank of Baroda and Allahabad Bank.The top Nifty gainers included Tech Mahindra which added over 2 percent followed by Ambuja Cements, Yes Bank, UltraTech Cements and HCL Tech.Close The top Nifty losers included IOC which fell close to 3 percent followed by Bharti Infratel, HPCL, ONGC and HDFC. related news Sebi orders LIC, SBI, Bank of Baroda to reduce stake to below 10% in UTI AMC by December 2020 Enforcement Directorate set to confiscate Nirav Modi’s assets for auction Corporate Buzz podcast | Birla warns Vodafone Idea may shut; relief for Yes Bank; auto sales and more The most active Nifty stocks included PNB, State Bank of India, Reliance … [Read more...] about Market Update: Broader indices in red despite Nifty PSU banks outperforming; JP Associates jumps 8%
The Indian markets on Thursday morning were trading flat with the Nifty shedding 4 points or 0.05 percent while the Sensex was up 10 points.The Nifty midcap index was 0.6 percent led by Andhra Bank, IDBI Bank, JP Associates, Jubilant Foodworks, Reliance Power, Strides Shasun and Unitech.CNX Pharma gained close to 1 percent aided by stocks like Divi's Labs, Sun Pharma, Dr Reddy's Labs and Glenmark Pharma.Close The top Nifty gainers included Tech Mahindra which added 1.5 percent followed by Wipro, Dr Reddy's Labs, Mahindra & Mahindra and Bajaj Finance. related news Corporate Buzz podcast | Birla warns Vodafone Idea may shut; relief for Yes Bank; auto sales and more D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% Shakti Pumps shares fall 3% after CARE revises credit rating The top Nifty losers included IOC which fell close to 2.5 percent followed by BPCL, NTPC, Yes … [Read more...] about Market Update: Nifty pharma outperforms led by Sun Pharma, Dr Reddy’s, MMTC zooms 13%; IOC at 52-week low
Rahul JainWhen we start our investment journey, along with the anticipation of returns one of the first things we evaluate is the risk appetite. Risk appetite denotes the magnitude of risk an investor can stomach based on his goals and expected returns. But justifying your risk can often leave you confused.I believe the easiest way to come to a solution is to ask the right. Hence I list down some essential questions answering which will help you analyse this essential investment metric and this article will help you dig deep into them. Let’s get started.Close How vital is your investable surplus?Rahul JainEVP|Edelweiss Wealth Management 4 strategies to sail smooth during market volatilityNifty flirts with 12K: 4 common equity investment mistakes you must avoid'Auto & ancillaries, midcap financial and infrastructure stocks likely to lead next bull run'This is the first question that you need to answer while gauging your risk appetite. The value of money or rather an investable … [Read more...] about How to evaluate your risk appetite?
The dollar gained on December 6 after five straight days of losses, lifted by data showing the US economy created more jobs than expected in November, backing the Federal Reserve's stance of keeping interest rates on hold after cutting them three times this year.Gains in the dollar were fairly modest despite the robust jobs number, however. The greenback has been pummelled all week due to a slew of weaker-than-expected data in the US manufacturing and services sectors, with investors coming to grips with the reality that the economy is slowing down.The December 6 jobs report provided a respite from all the pessimism and from the continuing uncertainty over the status of US-China trade negotiations.Close Data showed non-farm payrolls increased by 266,000 jobs last month, with manufacturing recouping all 43,000 positions lost in October. Economists polled by Reuters had forecast payrolls rising by 180,000 jobs. related news US lawmaker says Uber must take action … [Read more...] about Dollar shines after blockbuster US jobs report; data backs steady Fed