News In ShortsEvening Updates
The $1.4 trillion roadblock that Modi will face
Shares of construction and transport companies such as Larsen & Toubro Ltd., Dilip Buildcon Ltd. and Adani Ports & Special Economic Zone Ltd. have risen sharply this year on hopes of a “New India.”
Nifty forms Inside Bar, shows sign of a downward leg too
The Golden Ratio level, which is at 11,878 in this case, shows a high probability of the next downward leg. Traders can look to initiate fresh short positions over there. On the downside, 11,591 and 11,426 would be key levels to watch out for
After Market: Investors make Rs 2.54L cr in a day
The domestic equity market notched up solid gains on Friday as investors, who were on the sidelines in the run-up to the general election, embarked on a buying spree across sectors.
Agenda for Modi 2.0: Panagariya says privatise PSUs
“Economy is the issue number one, as it impacts everything else that we do. Even our international standing actually gets influenced by how well the economy does,” Panagariya told ETNOW in an interview.
Option positions show bulls holding a tight grip
Nifty50 managed to hold its support in the 11,650-11,666 zone on Friday and rallied around 200 points to head towards 11,850 level. It managed to record the highest daily close after making a fresh lifetime high of 12,040 on the results day.
FIIs cheer Modi’s win, ask him to fix economy
“The election results in India have cleared a hurdle that was preventing institutional investors from being more overweight India,” Darshan Bhatt, co-founder and deputy CIO, Glovista Investments, said in an e-mail from New Jersey, USA.
What to expect from the first 100 days of Modi 2.0
On Friday, it was made official that the government will start second innings on May 30. Finance and other ministries are said to have already lined up measures for the new government to consider to pump-prime the economy.
RBI to buy Rs 15,000 crore of gilts via OMO
The Reserve Bank of India (RBI) on Friday said it will conduct the purchase of government securities (gilts) under open market operation to the tune of Rs 15,000 crore on June 13.
After Modi, another ‘M’ readies to spin wealth
The latest new buzz on Dalal Street is about an eminent ‘midcap rally.’ Analysts are citing ‘reasonable valuations,’ a ‘Golden Cross’ on technical charts and historical trends to suggest midcaps are ready to take off and should deliver handsome gains from here on.
Mandate 2019 is for big, bold reforms: Sanyal
The Modi government's first term saw some remarkable developments, including GST implementation, introduction of the Insolvency and Bankruptcy Code besides efforts to ensure macroeconomic stability.
Modi win, other factors that pushed Sensex higher
“The election results in India have cleared a hurdle that was preventing institutional investors from being more overweight India,” Darshan Bhatt, co-founder and deputy CIO, Glovista Investments, said in an e-mail from New Jersey, USA.
Time for small and midcaps to perform: Kunj Bansal
What the market wants to see going forward from here is the improvement in macro and micro numbers. While the uncertainty is over, the fear that in case of a change in government, the policies will change and the growth period may get lengthened is over.
Market winners and losers from 2019 elections
The party aims to invest 25 trillion rupees ($359 billion) in rural development and offer farmers 6,000 rupees per year in income support. Also, it has planned increased spending on animal husbandry and fisheries.
OVL FY19 profit jumps 71% on rise in production
This came on back of an 8 per cent surge in crude oil production from assets the company has in foreign countries. Oil production rose to 10.1 million tonnes in 2018-19 from 9.35 million tonnes in the previous year.
'Oil to keep steady till Iran tension subsides'
It was a very volatile move last night, there is no doubt about it. It was a combination of things that caused the market to free fall. It started with OPEC and Saudi Arabia in terms of what they were trying to achieve.
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