Archive for June, 2019
TCS could have listed during 2001 IT boom but Ratan Tata said ‘no’; a must-read for all shareholders
06/25/2019
While IT giant TCS has now grown to be Indias second valuable firm by market-capitalisation after Reliance Industries, the firm wasnt listed during 2001, despite the dot-com boom. While Credit Suisse had valuated TCS at US $20.7 billion (Rs 97,000 crore), back then, the then group Chairman Ratan Tata postponed the listing keeping Interestingly, while
06/25/2019
BSE Sensex and Nifty 50 ended more than half a per cent down on Tuesday, recouping over 50 per cent of the intraday losses. BSE Sensex settled 410 points down at 59,668, Nifty 50 index finished trade at 17734, down 121 points. Buying in index heavyweights such as Reliance Industries Ltd (RIL), Kotak Mahindra Bank,
Auto industry hits coronavirus, lockdown roadblock; here’s what will get it up to speed in two years
06/25/2019
By Ravi Singh The auto sector has been witnessing one of the worst cyclical downturns over the past few quarters due to multiple factors, including lower demand, transition to BS-VI and NBFC liquidity crisis. This led to inventory pile up as volumes were hitting record lows month after month. During 9M FY20, net sales of
06/25/2019
By Shrikant Chouhan Last week had been volatile for the traders, the benchmark Index Sensex first time hit the 50000 mark and also registered a fresh all time high of 50184.01\/ Nifty 14753.55. But due to short term overbought conditions and profit booking near the psychological 50000 mark, the index failed to sustain at a
06/25/2019
Eight of the top-10 most valued companies together added Rs 1,18,930.01 crore in market valuation last week, with Tata Consultancy Services and State Bank of India (SBI) emerging as the lead gainers. Last week, the BSE benchmark gained 760.69 points or 1.28 per cent. A special one-hour Muhurat trading session was held on Diwali (November
06/25/2019
Bloomberg: The record-setting advance in U.S. stocks is fueling readings of investor bliss not seen since the dot-com era. Gains in Tesla Inc. and Apple Inc. following stock splits helped push the Nasdaq 100 past 12,000. A sentiment gauge, Citigroup At around 1.1, the current reading is almost three times the level that denotes euphoria.
06/25/2019
Bloomberg: U.S. stocks closed mixed after reports showed the economic recovery slowed and stimulus talks reached a stalemate. Treasury debt yields fell for the time this week. The SP 500 fell less than 0.1% after fluctuating near all-time highs for much of the day, with utilities and health care leading the declines and energy shares
06/25/2019
There are opportunities galore for investors looking to invest in the US stock market. The good news is that even Indian investors are allowed to invest in US stocks as per the RBI guidelines. There are several money-making investment options available in the US stock market for Indian investors. One just needs to open an
06/25/2019
As an investor you keep looking for opportunities to grow your wealth. While the Indian stock market provides ample long-term growth opportunities to investors, diversifying the portfolio across nations brings in the much-required stability to the stock portfolio over the long term. On the back of the US Fed infused global liquidity, the market worldwide
06/25/2019
Private sector lender CSB Bank on Tuesday said it has been empanelled as an agency bank by the Reserve Bank of India (RBI) to undertake general banking business of central and state governments. This appointment will allow CSB Bank to undertake general banking business of the central and state governments which may be entrusted by
