Dalal Street investors became richer by more than Rs 16.36 lakh crore this year as the equity market scaled new highs despite persistent geopolitical uncertainties and inflation worries. Analysts attributed better macroeconomic fundamentals, the confidence of retail investors and foreign investors investing again in the domestic equities towards the latter half of 2022 as the key factors that led to the outperformance of the Indian market in comparison to many other stock markets worldwide. During the initial part of the year, markets were jolted by the Russia-Ukraine war.
Posts tagged Rediff
India to receive record remittances but CAD may widen (30-12-2022)
Of $90 billion remittances that India is expected to receive in 2022, only $27.4 billion has come in the first half of the year.
Covid fears in China may hit India’s exports, imports (30-12-2022)
The importance of China as India’s top trading partner cannot be understated.
Chanda Kochhar, husband and Dhoot sent to JC till Jan 10 (29-12-2022)
The Kochhars were arrested by the Central Bureau of Investigation (CBI) last Friday. Dhoot was arrested on Monday. The three were produced before special judge S H Gwalani at the end of their earlier remand on Thursday.
NSE cautions investors against assured returns schemes (29-12-2022)
The National Stock Exchange (NSE) has asked investors not to put their money in any scheme promising assured returns from investments in the stock market. The advisory comes after the bourse found that two entities — Pruthvi Consultancy Services and KBK Advisory — were offering such schemes and assuring guaranteed returns on stock market investments.
NSE cautions investors against assured returns schemes (29-12-2022)
The National Stock Exchange (NSE) has asked investors not to put their money in any scheme promising assured returns from investments in the stock market. The advisory comes after the bourse found that two entities — Pruthvi Consultancy Services and KBK Advisory — were offering such schemes and assuring guaranteed returns on stock market investments.
Gross NPA ratio falls to 7-year low of 5%: RBI (29-12-2022)
The RBI on Thursday said banks’ gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised. In the 26th issue of the Financial Stability Report (FSR), the RBI also said the global economy is facing formidable headwinds with recessionary risks looming large. The interplay of multiple shocks has resulted in tightened financial conditions and heightened volatility in financial markets, it pointed out.
CAD widens to 4.4% of GDP due to higher trade deficit (29-12-2022)
The country’s current account deficit widened to 4.4 per cent of the GDP in the quarter ended September, from 2.2 per cent GDP during the April-June period, due to higher trade gap, as per data released by the Reserve Bank on Thursday. “India’s current account balance recorded a deficit of $36.4 billion (4.4 per cent of GDP) in Q2:2022-23, up from $18.2 billion (2.2 per cent of GDP) in Q1:2022-23 and a deficit of $9.7 billion (1.3 per cent of GDP) a year ago [i.e., Q2:2021-22],” the RBI said.
Despite odds, crypto exchanges stay put in business (29-12-2022)
The price of bitcoin, the bestselling cryptocurrency, has shrunk nearly three times this year to mark the fate of such digital assets. Crashing prices, regulatory uncertainty and taxes have put Indian crypto exchanges in troubled waters. Finance Minister Nirmala Sitharaman’s budget for FY23 announced a 30 per cent tax on any income from the transfer of virtual digital assets.
Anant Ambani to wed Radhika Merchant (29-12-2022)
Anant Ambani, the youngest son of billionaire Mukesh Ambani, will wed Radhika Merchant, daughter of industrialist Viren Merchant, the family announced on Thursday. The ‘roka’ or engagement ceremony of Radhika, daughter of Shaila and Viren Merchant, and Anant was performed at the Shrinathji Temple at Nathdwara in Rajasthan on Thursday in the presence of family members and friends. A statement issued by the family said the young couple after the engagement spent the day at the temple seeking Lord Shrinathji’s blessings for their upcoming union.