NIFTY SETTLES ABOVE THE 10,600 MARK

  • Achiievers

The Nifty has gained nearly 600 points in the last 4 weeks even as crude oil prices have fallen by 24% in a little over a month. This has resulted in the rupee emerging stronger and reducing the pressure on the current account deficit. The dilution...

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Trade deficit for October bounced higher

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Fitch has maintained India’s sovereign rating unchanged at BBB-. This is the lowest investment grade with a stable outlook. While Fitch expects 7.8% GDP growth in 2018-19, it expects the growth to taper after that due to a combination of weak financial...

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IDBI Bank reported losses of Rs.3602 crore

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It was a day on which IDBI Bank reported losses of Rs.3602 crore for the second quarter. Over the last one year, IDBI Banks’ gross NPAs have shot up from 24.98% to 31.78%. Despite doubling provisioning for this quarter, the net NPAs are still at above...

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NIFTY COMES UNDER PRESSURE ON MONDAY

  • Achiievers

The markets came under pressure despite falling crude prices as concerns over global growth came back to haunt the markets. The loss over 100 points with a 1:5 A/D ratio clearly indicated at all round selling in markets. With the Dow down by over...

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IIP growth for September

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CPI inflation for the month of October came in sharply lower at 3.31% while the IIP growth for September was marginally lower at 4.5%. The lower IIP was driven by weak growth in mining and manufacturing of capital goods. The flood situation had also hit...

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NIFTY COMES BACK FROM A SMART WEEK

  • Achiievers

Nifty bounced back nearly 500 points last week and settled close to the 10,600 level as the low crude oil prices led to a relatively stronger rupee and buoyancy in stock markets. Buoyancy is likely to continue in markets. The big data points this...

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