Latest Updates Around The World
Indian shares closed sharply higher on Friday, the second trading session of the new year, with the Nifty 50 hitting a new record high as a broad rally took place. Strong business updates boosted earnings expectations and improved investor sentiment across sectors.The Nifty 50 climbed as much as 193.45 points during the session to a […]
MUMBAI: For most of the past three years, registrations of electric two-wheelers in India have been rising, monthly charts reflected explosive sales growth, and analysts spoke confidently about EV scooters taking over city streets by the end of the decade.But the latest figures tell a completely different story. The slowdown that many in the industry […]
Motilal Oswal Financial Services has identified 30 companies that it believes could benefit most as India enters its next multi-decade growth era. The broker expects India’s gross domestic product to rise from $4 trillion today to over $16 trillion by 2042, driven by steady domestic demand, a young demographic, rising productivity and a sustained investment […]
The Indian market ended higher on Friday, with the Sensex and Nifty reversing an early lull, as financial and auto stocks – which are typically sensitive to interest rate moves – led the advance after the Reserve Bank of India cut policy rates by 25 basis points.The S&P BSE Sensex climbed 447 points, or 0.52%, […]
The Indian market closed higher on Thursday with the Sensex and Nifty snapping a four-session losing streak, lifted by IT stocks ahead of the Reserve Bank of India’s policy decision on Friday. The S&P BSE Sensex rose 158 points, or 0.19%, to close at 85,265.32, while the NSE Nifty 50 advanced 48 points, or 0.18%, […]
The domestic market witnessed sharp volatility on the monthly expiration day, driven by a weakening rupee and continued FII outflows. Caution prevailed as investors waited for clarity on a possible rate cut at the upcoming FOMC meeting and progress on the India-US trade deal, despite some improving signs.This is how analysts read the market pulse:Analysts […]
Nifty’s latest addition Max Healthcare Institute on Friday reported 74% year-on-year growth in consolidated net profit in the September quarter at Rs 491 crore, compared to Rs 282 crore in the same period a year ago. The company’s revenue from operations in the quarter under review was Rs 2,135 crore, up 25% from Rs 1,707 […]
The country’s largest two-wheeler maker Hero MotoCorp on Thursday beat Street estimates and reported a 16% rise in net profit at Rs 1,393 crore for the quarter ended September on healthy sales volumes amid GST cuts.The company had reported a net profit of Rs 1,204 crore in the year-ago quarter. Revenue from operations rose 16% […]
Hero MotoCorp has rolled out a new top variant of the Xtreme 125R in India. Priced at Rs 1.04 lakh (ex-showroom), the new trim will be the first motorcycle in its segment to feature both dual-channel ABS and cruise control. The latter feature was previously seen on the Glamor X, thanks to Hero’s ride-by-wire throttle […]
Two-wheeler sales are expected to outpace passenger cars for the rest of the year, driven by strong festive demand, improved rural sentiment and selective discounting. An industry update from PhilipCapital shows that discounts in the two-wheeler segment are highly selective, while discounts for passenger cars are gradually decreasing. The report added that rural demand picked […]
