Analysts have upped their Nifty50 target for 2020 by about 7-10% from this year’s peak, as they expect there would be a gradual recovery in economy and strong fund flows into the Indian equity market, going forward.
The oil company raised a record $25.6 billion from an initial public offering (IPO) in what so called the biggest-ever IPO by offloading shares at 32 riyals each, which valued the company at $1.7 trillion.
Foreign portfolio investors (FPIs) remained net buyers of Indian equities for the sixth consecutive day, having bought shares worth $3.2 billion so far in November — their highest monthly purchase in the last eight months.
The private lender had reported a net loss of Rs 600 crore for the quarter ended September 2019 on the back of a one-time deferred tax adjustment of Rs 709 that the bank had taken to avail of the lower tax rate announced by t
The sharp deceleration in the economy — GDP growth fell to 5% in Q1FY20, the lowest growth in 25 quarters — disappointed investors. Most economists as also the Reserve Bank of India (RBI) have lowered their growth estimat
The Sensex surged 453.07 points on Thursday to mark its fifth day of gains. The benchmark index closed at 39,052.06 points and has gained over 3% in the last five sessions. The Nifty spiked 122.35 points, or 1.07%, to settle
Conventionally, rate sensitive stocks tend to move up when RBI reduces interest rate as the cut in turn will boost credit growth in the banking system, there by giving more money in the hands of customers.
Budget 2019 India: Foreign portfolio investors (FPIs) have pared their portfolios for 13 straight sessions, selling shares worth $1.62 billion since July 5 — sales in the last three sessions have crossed $500 million.