Rakesh Jhunjhunwala continues to remain bullish on domestic stock markets even as Dalal Street, along with global peers, faces multiple headwinds. “I think the (domestic) stock markets will grow regardless of global developments,” Rakesh Jhunjhunwala told CNBC TV18 in an interview. Although he remains a proponent of Indian markets, he said that the pace at …
BSE Sensex and NSE Nifty 50 were trading half a per cent up on Wednesday, a day before weekly F&O expiry. Stocks of index heavyweights such as Reliance Industries (RIL), Bajaj Finance, Hindustan Unilever (HUL), Infosys, and Bajaj Finserv contributed the most to the indices’ gain. Amid today’s up move, S&P BSE Sensex soared past …
Indian retail companies reported a strong earnings in the quarter ended June 2022. Q1FY23 was impressive with 3 per cent and 11 per cent sales and EBITDA outperformance respectively. Most companies comfortably topped pre-covid trends. According to analysts at Edelweiss Securities, business outlook provided by retail companies and the trends, at large, are positive, indicating …
Jubilant Foodworks, which operates Domino’s restaurants in India, on Wednesday posted second quarter profit at Rs 97.20 crore, down 26.1 per cent in comparison to Rs 131.53 crore during the second quarter of FY23, surpassing estimates. It posted revenue from operations at Rs 1368.63 crore, up 5.2 per cent as against Rs 1301.49 crore during …
High volatility in the stock market, concerns over inflation and rate hike expectations in the past few weeks took a toll on investors, both equity and mutual funds. In the month of July, inflows in equity mutual funds dropped by 42 per cent to Rs 8,898 crore, according to the data released by the Association …
An analysis of pledged holdings of BSE-500 stocks shows that the value of the promoter (majority shareholder) pledged holding as a percentage of promoter holding declined to 1.5% in the June 2022 quarter from 1.7% in the previous quarter. Promoters of 81 companies in the BSE-500 index have pledged part of their holdings in the …
The Indian rupee is expected to trade in a rangebound manner on Wednesday amid weak inflation data in India, rally in regional currencies, risk assets and lower crude oil prices. Annual inflation rate in the country edged lower to a five-month low of 6.71% in July of 2022 from 7.01% in June, compared to market …
The Initial Public Offer (IPO) of airport service aggregator platform DreamFolks Services got fully subscribed within hours of opening on Wednesday and ended the day with 1.96 times subscription. The IPO received bids for 1,85,76,916 shares against 94,83,302 shares on offer, according to data available with the NSE. The category for Retail Individual Investors (RIIs) …
Stock exchange clearing houses mark settlement holiday on Tuesday, 16 August 2022, on account of Parsi New Year. On settlement holiday, trading in equity markets takes place as usual, but clearing and settlement remain shut for Payin and Payout of stocks and funds. It may be noted that the trading holiday is different from the …
The EB5 Visa Program is an investment-based visa program offered by the US government that offers a path to permanent residency in the U.S to foreign investors who make significant investments in the U.S. that as a result create at least 10 permanent jobs in the U.S. economy. EB-5 Visa Program was launched in 1990 …