The IHS Markit Manufacturing PMI rose to 58.9 in October, the highest in more than a decade, compared to 56.8 in September, driven by robust sales. State Bank of India (SBI) revised their second-quarter GDP projection to a contraction of 10.7 percent from a contraction of 12.5 percent earlier, according to a research report from SBI Ecowrap. … [Read more...] about Q2 GDP prints likely to show significant sequential pullback; will it cheer the market?
Us bancorp q2 earnings
"The short term trend of Nifty is choppy and the market is expected to move in a range of 13,100-12,800 levels by next week. The study of long term charts like weekly and monthly timeframe signal crucial overhead resistance for the market around 13,100-13,150 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities. … [Read more...] about NSE, BSE shut today on account of Gurunanak Jayanti
"Royal Enfield (RE) has a waiting period of 1-1.5 months for its bikes, with the newly launched Meteor garnering very good response. We expect restricted wholesales growth of nearly 10 percent for RE due to production loss on account of cyclone Nivar, 8.6 percent for Bajaj Auto (7.5 percent growth in domestic 2W), 25 percent for Hero MotoCorp and about 14 percent for TVS," Motilal Oswal said. … [Read more...] about No negative surprises, auto sales numbers for November likely to show an uptick
The global research firm has retained buy on the stock with a target of Rs 140 per share. The company has started leading the RE space, winning 44 percent of 1.1 GW in tenders. The win should add 9 percent to the company's RE portfolio and could earn 11.4 percent equity IRR. This should address its growth and energy mix concerns, according to a CNBC-TV18 report. … [Read more...] about NTPC share price gains after CLSA maintains buy rating
Karan says that at Livspace, designers are supposed to act as salesmen and convince customers to pay the amount in advance. If freelancers fail to secure the deal, which can go on for months depending on how many revisions the client requests, they don’t get paid at all as Livspace does not offer any base compensation. “They trap new freelancers because they don’t have any leads and are desperate,” he said. … [Read more...] about Hot startup Livspace faces backlash from angry customers, vendors and ex-employees