Indian benchmark indices Sensex and Nifty ended marginally higher on August 16 as intraday gains registered by ITC, Axis Bank and Maruti Suzuki were largely offset by losses in Tata Consultancy Services, Reliance Industries and HDFC shares.The market remained choppy throughout the session as sentiment remained fragile on lingering concerns over a slowdown in the economy, lacklustre June quarter earnings and weak global sentiment in the light of US-China trade war.Close Experts opined that the upward movement in the near future will remain capped due to weak consumer demand and uninspiring earnings. related news Market Live: Sensex, Nifty erase gains following inflation data; Airtel, IndusInd Bank top drags Hot Stocks: Nifty50 may have made a short-term top near 12,000 levels Early on D-Street | Nifty vulnerable for more downsides unless it closes above 11,950 “Consumer demand has continued to weaken in recent months. The earnings season was not … [Read more...] about An evening walk down D-St: Sensex, Nifty end marginally higher; Yes Bank jumps 4%
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Asserting that past handling of Pakistan raises many questions, External Affairs Minister S Jaishankar on November 14 said the 1972 Simla agreement resulted in a "revanchist" Pakistan and continuing problems in Jammu and Kashmir, as he hailed Prime Minister Narendra Modi's "bold moves" in dealing with the neighbouring country.The minister also said that "holding the feet to the fire" is very important in dealing with Pakistan and asserted the neighbouring country has built "an industry of terror".Delivering the fourth Ramnath Goenka memorial lecture, Jaishankar advocated a foreign policy that appreciates change and is not status quoist as he cited key past incidents in Indian history such as the defeat in the war with China in 1962, the Simla agreement, the "inaction" after the Mumbai terror attacks to contrast it with India's more dynamic stance post-2014.Close Giving a historical perspective to geopolitical issues, Jaishankar said, "For years India's position on the world state … [Read more...] about Simla agreement resulted in ‘revanchist’ Pakistan, problems in J&K: S Jaishankar
Ravindra RaoLME Nickel prices are down more than 1.5 percent on November 11 after 3.5 percent slide last week. The metal which is the best performer in metals pack year-to-date (YTD) has declined more than 15 percent from a multi-month high of $18,850 early September.Nickel prices rallied to a multi-month high supported by a fear of a shortage in supplies from Indonesia after it had decided to bring forward a ban on exports from 2022 to 2020.Close The metal, however, has been on a downward trend since then, weighed down by worries over demand especially from top consumer China. Furthermore, a jump in stockpiles at SHFE along with signs of easing tightness in the physical market as is evident from LME Cash to three-month spread flipping to contango have further weighed on the prices.Ravindra RaoHead - Commodity Research|Kotak Securities Gold prices fail to break out of range even as the market eyes US-China trade dealAgri commodities market gives a thumbs up to India’s decision of … [Read more...] about Nickel prices sink mired by bleak macros and easing tightness
Sensex and Nifty settled with gains on August 14, tracking positive cues from other Asian markets after the US delayed tariffs on some Chinese imports.US President Donald Trump delayed his September 1 deadline for 10 percent tariffs on some Chinese imports, giving a boost to the risk appetite of investors.Close Back home, sentiment got a fillip after data showed India's retail inflation rate in July eased marginally to 3.15 percent, remaining comfortably within Reserve Bank of India's (RBI) target level of 4 percent, fuelling hope of a further rate cut by the RBI in its next policy meet. related news Market Live: Sensex, Nifty erase gains following inflation data; Airtel, IndusInd Bank top drags Hot Stocks: Nifty50 may have made a short-term top near 12,000 levels Early on D-Street | Nifty vulnerable for more downsides unless it closes above 11,950 Wholesale price-based inflation also fell to a multi-year low of 1.08 percent in July, mainly on account of cheaper fuel and … [Read more...] about An evening walk down Dalal Street: Delayed US tariffs lift market sentiments
The market was under pressure in July, due to renewed worries over the US-China trade war, concerns over economic slowdown and the income-tax surcharge on foreign portfolio investors.The mutual fund (MF) industry also experienced the heat of selloff. Nevertheless, it still fared better than the pack of heavyweights in Nifty.In July 2019, cumulative equity assets under management (AUM) stood at Rs 6,84,200 crore, down 5.46 percent while the benchmark Nifty corrected by 5.7 percent.Close As per data from Edelweiss Securities, the major contribution to the inflows of equity schemes came from large cap, focused, mid cap and small cap funds to the tune of Rs 6,000 crore. related news Banking wrap: RBI hikes deposit withdrawal limit for PMC Bank customers; lenders count on realty fund for NPA relief ICICI Bank expands branch network in Tamil Nadu ICICI Bank opens 57 branches in Andhra Pradesh, Telangana this fiscal Fund managers added large-cap private banks, utilities, energy and … [Read more...] about Fund managers bet over Rs 8.5K crore on these 6 stocks in July; do you own any?