Analysts on Dalal Street maintained their bullish view on the domestic equity market after the benchmark equity index BSE Sensex scaled 50,000 for the first time on January 21. Their views came after the market witnessed spectacular bull run from the lows of March 2020, when the market tanked due to the nationwide lockdown. The […]
Global brokerage firm CLSA is most bullish on Max Financial Services in the insurance space. It was followed by SBI Life then HDFC Life Insurance and ICICI Prudential Life Insurance Company. In its report on January 19, CLSA said that private life insurers have recovered well from the pandemic with positive APE (annual premium equivalent) […]
The benchmark equity index BSE Sensex scaled another psychological level of 50,000-mark for the first time on Thursday. Heavy buying in index heavyweights including Reliance Industries, Bajaj Finance and ICICI Bank lifted the sensex past 50,000.Overall, the index has gained around 95% from the lows of March 24, 2020, when the market tanked due to […]
The housing market in southern India is shows some sign of revival in the December quarter with an improvement in the new launches and sales. According to PropTiger, Hyderabad, Bengaluru and Chennai together had 43% share in national launchers during the December quarter, while they contributed 29% to the national sales numbers during the period. […]
Billionaire investor Radhakishan Damani hiked stake in at least two smallcap companies during the September-December quarter when the benchmark BSE Sensex and NSE Nifty indices jumped nearly 25%. Latest data available with stock exchanges showed that Damani and his family held 21.14% stake in India Cements as of December 31, up from 20.40% in the […]
Prices of residential real estate seems to have bottomed out and may deliver over 10% return over the next two years
India’s internet sector is set to witness hyper-growth in the coming years as tech companies steadily disrupting the traditional services by eliminating “middlemen”, delivering faster, cheaper and more convenient products and services, according to BofA Securities. In a report on January 13, the global financial services firm said that a supportive government, tech-savvy young population, […]
Any shift in sentiment, regulatory risk and rise in the competition can change the bullish trend in the digital currency.
Ace stock picker Rakesh Jhunjhunwala picked more than 32 lakh shares of Tata Communications in the third quarter of 2020-21. Shares of the company have climbed 486% to Rs 1,168.80 on January 12 from its 52-week low of Rs 205.70, scaled in March 2020. With a net worth of Rs 15,901 crore, Jhunjhunwala is the […]
Rating agency ICRA sees a record double-digit expansion of 10.1 per cent in India’s gross domestic product (GDP) in the financial year 2022. However, it cautioned that the value of GDP will mildly surpass the level that had been recorded in the financial year 2020. It also expects a multi-speed recovery in the next financial […]