stocks tumbled across the world

  • Achiievers

Nifty bounced back sharply on Tuesday with outperformance from pharma sector. The concerns over the Turkish Lira looked overdone after Sun Pharma led a revival in the Nifty on Tuesday. The market reopens on 16th after a day’s holiday for Independence...

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WEAK RUPEE TAKES ITS TOLL ON MARKETS

  • Achiievers

The Nifty corrected close to 70 basis points on Monday as the Turkish Lira led the INR down precariously close to the 70/$ mark. Banks and oil companies will continue to be under pressure on Tuesday. The key to watch will be the Indian rupee. The...

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Nifty lost 65 basis points to 11,355 levels on Monday

  • Achiievers

Nifty lost 65 basis points to 11,355 levels on Monday on currency pressures. The pressure on the Nifty came from a weak Turkish Lira which led to a 1.6% correction in the Indian rupee. The worst hit were the oil stocks followed by the banking stocks even...

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Weekly Capsule (Aug 06 – Aug 10) and Impact Analysis

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News Announcement Impact Analysis One of the most productive Monsoon sessions concluded on 10th August The Monsoon session saw important amendments to the IBC Bill as well as to the GST Bills The all important Fugitive Offenders...

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NIFTY BUOYED BY BANKS ON MONDAY

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Nifty closed at an all time high level of 11,387 even as select banks like ICICI Bank, Axis Bank and SBI made smart gains during the day. Banks have recovered the losses of Thursday and more in the last couple of trading sessions. Despite the stellar...

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An innovative way to reward shareholders

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The Board of Britannia recently approved the issue of bonus debentures to its shareholders in the ratio of 1:1. Like a true-blue bonus, the issue of bonus debentures will be free for shareholders. Instead of issuing bonus shares and reducing the market...

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This could be the currency to watch out for

  • Achiievers

The last time that the Turkish Lira faced a crisis was in 2001 when many Turkish banks went bust. The Turkish Lira has plummeted more than 42% since the beginning of the 2018 with the currency losing nearly 16% on Friday itself. Where does Turkey go...

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HDFC AMC

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Valuations are factoring deep into the future When Reliance AMC announced its IPO last year, the big question was why does an AMC need an IPO and a listing? After all, an AMC is in the business of managing money on behalf of retail and institutional...

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