Posts in category Economic Times
Rupee ends higher, mild inflows aid recovery from record low (21-06-2024)
The Indian rupee ended higher on Friday as mild inflows and exporter dollar sales lifted the currency after it hit an all-time low in the previous session.
Hyundai IPO will be a great investment vehicle for long-term investors: Sachin Shah (21-06-2024)
But the real big story today in India, not only for two-wheelers but for across products and categories is the game of premiumisation. The young aspirational India is very much looking to upgrade themselves to premium products.
Sensex, Nifty hit brakes on record run; Nifty IT defies market mood (21-06-2024)
Indian equity indices, influenced by global trends, closed lower on Friday. The Sensex fell 269 points to 77,209, and the Nifty dropped 66 points to 23,501, impacted by Reliance Industries, L&T, and HDFC Bank.
Mazagon Dock Shipbuilders, Samvardhana Motherson among 6 midcap stocks outperformed Nifty50 (21-06-2024)
Indian major equity indices initially advanced on Friday but later retreated, as losses in the banking sector offset gains in IT stocks driven by Accenture's optimistic revenue growth forecast.
Not e-comm alone, one has to be in modern trade, in kirana stores also to build scale: Sunil D’Souza, Tata Consumer (21-06-2024)
Sunil D'Souza of Tata Consumer says today's consumer who is coming of age is the consumer who is born in a liberalised India. They have seen an India which is confident, growing with an accelerating GDP. So, these consumers are very confident of going out and spending. It is not only premiumisation, the consumer will move to value also.
Suzlon Energy, Bharat Forge among 6 midcap stocks that hit fresh 52-week highs on Friday (21-06-2024)
Nifty50 and Sensex gave up early gains on Friday, dragged by index heavyweights Reliance Industries and HDFC Bank.
Nuvama initiates coverage on Bikaji Foods, sees upside potential of over 21% (21-06-2024)
Domestic brokerage firm Nuvama initiated coverage on Bikaji Foods, with a target price of Rs 885, as the company has emerged as a heavyweight in the rapidly expanding Indian savoury snacks market.
Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr (21-06-2024)
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak Equities (21-06-2024)
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.