The Indian rupee opened higher at 70.96 per dollar on Tuesday versus previous close 71.05.On December 9 the the rupee ended 16 paise higher at 71.05 against the US dollar on the back of softening crude oil prices and weakening of the greenback against other currencies overseas.Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC's agreement with associated producers at the end of last week to deepen crude output cuts in early 2020.Close Gold prices held steady on Tuesday, ahead of a policy meeting by the U.S. central bank, while investors awaited clarity on whether a next round of U.S. tariffs on Chinese imports will take effect this weekend. related news Rupee darts up 16 paise to 71.04 against USD No rate cut by RBI gives strength to INR, traders can form unconventional short strangle Rupee trades higher at 71.12 per dollar The dollar-rupee December contract on the NSE was at 71.18 in … [Read more...] about Rupee opens at 1-month high
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Love them or hate them! Well, you will probably love these three stocks if you had invested in them say in January 2019, and probably hate them if you missed out on the opportunity.These three stocks have been among the top return generators across three-month, six- month and YTD basis as well. Three stocks which top the charts include names like Bharti Airtel, Bajaj Finserv, and from the private banking space, ICICI Bank.Close They have delivered more than 40 percent return each to investors so far in 2019, and if commentary from experts is something to go by then there is still more upside left. related news Sebi is right in favouring clients over Karvy’s lenders Hot Stocks: Coromandel International, TCI Express may give up to 10% return in 3-4 weeks Data suggests that markets are favouring “turnaround” performers such as Bharti Airtel, and Reliance Industries. However, the past month’s trend is showing the market move towards companies with lower … [Read more...] about Lucky 3! These Nifty50 stocks outperformed in 2019; time to book profits?
PC Jeweller share price touched its 52-week low of Rs 23.80, falling nearly 4 percent intraday on December 10 after global analytical company CRISIL downgraded the ratings on the stock.CRISIL has downgraded its long-term and short-term ratings to the bank loan facilities of the company to CRISIL D.The downgrade in the rating factors in the instances of devolvement of Letter of Credits (LC) and overutilisation in working capital limits for more than 30 days, as per the rating rationale provided by CRISIL.Close The same is reflective from the fact that the liquidity profile of the group has deteriorated in the past few months on account of cash flow mismatches. The ratings reflect instances of LC devolvement and overutilisation in working capital limits, large working capital requirement and the risk of unfavourable regulatory changes. related news HDFC gains as Kotak upgrades rating, raises target price Dilip Buildcon bags Rs 825cr Delhi Metro project; share price rises 2% … [Read more...] about PC Jeweller share price falls 4% on CRISIL downgrades
Housing Development Finance Corporation (HDFC) share price rose 1 percent intraday on December 10 after broking house Kotak Institutional Equities upgraded the stock and also raised the target price.Kotak Institutional Equities has upgraded the stock to buy rating from add and also raised its target price to Rs 2,600 from Rs 2,400 per share.According to the broking house, the company will be a key beneficiary of consolidation in the NBFC sector.Close Decline in funding costs improved its ability to compete with banks in retail business and it is a best placed to capture growth in developer loans whenever cycle turns, it added. related news PC Jeweller share price falls 4% on CRISIL downgrades Dilip Buildcon bags Rs 825cr Delhi Metro project; share price rises 2% At 09:46 hrs, Housing Development Finance Corporation was quoting at Rs 2,327.50, up Rs 16.90, or 0.73 percent on the BSE.The share touched its 52-week high Rs 2,357.00 and 52-week low Rs 1,821.55 on 18 July, 2019 … [Read more...] about HDFC gains as Kotak upgrades rating, raises target price