The market also recorded its biggest weekly gains since July 2022, with the Sensex and the Nifty gaining 3.5 percent each
Taking Stock: Nifty scales Mt 21k, Sensex up 304 points as RBI holds rates steady on December 8, 2023 at 10:35 am
The market also recorded its biggest weekly gains since July 2022, with the Sensex and the Nifty gaining 3.5 percent each
Nifty breached 21,000 level on December 8 and closed at 20,969.40. FMCG, oil gas and power indices were down 1% each, healthcare and auto were down 0.5% each. However, IT, Bank and Realty were up 0.5-1%
The ongoing uncertainty may have clouded the RBI#39;s crystal ball. But by reading in between the lines – however hazardous that might be – a picture of how Indian monetary policy is evolving can be discerned
Options data indicated that the 21,000 remains to be immediate resistance and holding of the same can take the index towards 21,500 in coming days, with support at 20,900-20,500 levels
In this edition of Moneycontrol Pro Panorama: Cyclone Michaung exposes threat of climate change, make hay while the sun shines, ethanol U-turn a big let down for sugar mills, as airlines struggle fliers feel the pinch, and more
Ignoring the yuan’s rise because of China#39;s recent economic troubles might be a mistake. Thanks to the country’s cumbersome capital controls, sending cash out of China has always been problematic and unpredictable. But that is poised to change now as the country takes small steps towards full capital account convertibility
The RBI in its bi-monthly policy review revised upward growth projection for the current fiscal to 7 percent, from 6.5 percent earlier.
Analyst suggests buying and accumulating the stock for an upside target of 2100–2300 levels for the medium to short-term time frame.
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
The hospital currently serves ~2 lakh patients every year and has a renowned centre of excellence for Neurosciences