Vikash Kumar Jain, India Strategist and Head of India Research at CLSA, prefers defensive sectors to protect capital in a range-bound market. CLSA is currently overweight on IT, utilities, FMCG, and staples.
Prices for 22 karat and 18 karat stood at ₹90,700 and ₹74,210 per 10 grams respectively, as per Good Returns.
If SBI proceeds with the qualified institutional placement (QIP), it would mark the lender’s first equity fundraising since 2017.
Gradually, as the beneficiation plants become operational, Lloyds Metals said it would replace Hematite DSO with beneficiated ore.
CNBC-TV18 has identified 10 stocks from the BSE500 index that have received unanimous “buy” recommendation. To ensure there is credibility and broader market consensus, the list includes only those stocks that are covered by at least eight analysts. Take a…
Motilal Oswal Financial Services said Supreme Industries, Astral and Prince Pipes and Fittings are some of the key players operating in the Indian plastic pipes space and it believes they are well-positioned to gain further market share and deliver a…
Krishnan ASV, Analyst-Institutional Equities at HDFC Securities, said PSU banks are becoming more disciplined and scientific in managing credit.
Satyam Panday, Chief US and Canada Economist at S&P Global Ratings, expects the US Federal Reserve to cut interest rates by 50 basis points by year-end and by another 75 basis points next year.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.27% down at 97.41 after strengthening in the previous session.
In the grey market, shares of Globe Civil Projects, Kalpataru, and Ellenbarrie Industrial Gases were commanding a premium of ₹15, ₹3, and ₹19, respectively, on Day 3.