Category: Uncategorized

Headline retail inflation has now spent 51 consecutive months above the Reserve Bank of India#39;s medium-term target of 4 percent.

In April-November 2023, India#39;s industry – as measured by the Index of Industrial Production – grew by 6.4 percent as against 5.6 percent in the first eight months of 2022-23.

Going forward, analysts remain bullish on overall breadth but suggest investors to exercise caution as Q3 results could trigger volatile whips

At close, the Sensex was up 847.27 points or 1.18 percent at 72,568.45, and the Nifty was up 247.30 points or 1.14 percent at 21,894.50.

The Nifty IT was the star performer, gaining more than 5 percent and formed strong bullish candlestick pattern on the daily charts after a breakout of downward sloping resistance trendline in the opening itself

The single-biggest trigger has been the strong buying interest in IT stocks after Infosys reported in-line results and TCS surprised positively

A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams

As of September 2023 end, promoters held 59.59 percent stake in Ultracab India which fell to 27.89 percent at the end of December.

Biggest gainers on the Nifty included Infosys, ONGC, Tech Mahindra, LTIMindtree and TCS, while losers were Cipla, Apollo Hospitals, Power Grid Corporation, UltraTech Cement and Bajaj Finserv

Wipro Q3 results: Consolidated revenue came in at Rs 22,205 crore, down 4.4 percent YoY, below analyst estimates of Rs 22,343 crore.