mematdigi
16-Oct-2019
Gurgaon
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The S&P BSE Capital goods index, the largest gainer among the sectoral indices, is up 5% or 490 points at 11,273 points, as compared to 0.65% or 140 points gain in benchmark S&P BSE Sensex. The capital goods index hits high of 11,317 in intra-day trades, its highest level since December 2012. Since February 17, the capital goods index has rallied 18% after Finance Minister P Chidambaram, in the Interim Budget for 2014-15 fiscal, reduced the excise duty on capital goods has been reduced...
Seven leading mutual funds have sought a meeting with the Securities and Exchanges Board of India (Sebi) and Life Insurance Corporation of India (LIC) to explain their concern over Suzuki's decision to set up a 100 per cent subsidiary to implement its proposed plant in Gujarat. LIC is one of the largest Indian shareholders in Maruti Suzuki India Ltd (MSIL) with a 6.93 per cent stake and its view on the issue will be crucial to the direction of the battle between the two sides.
he benchmark S&P BSE Sensex on Friday soared to a new record high of 21,828 points or 1.46 per cent higher on heavy foreign capital inflows, tracking positive domestic and global cues. Good buying was observed in banking index (bankex), capital goods, oil and gas and auto sectors, while selling pressure was seen in IT and healthcare sectors. Following suit, the NSE index Nifty hit psychological 6,500-level for the first time ever in late morning trade on sustained foreign capital...
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts. “We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it." Unfortunately Spitznagel isn’t alone. “We are in a gigantic financial asset bubble,” warns...
It is interesting to note that even as the Reserve Bank of India (RBI) is planning to demonetise currency printed before 2005, the aam aadmi is himself demonetising currency coins at the bottom end – especially the 50 paise coin, the lowest one available right now. The 25 paise coin became history in 2011. While the RBI’s ostensible reason for withdrawing the old notes is to issue new ones with better security features and reduce counterfeiting, The Times of India...
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Youthful purchasers/financial specialists matured somewhere around 25 and 29 years are most hopeful about property in Gurgaon. Gurgaon is presumably one of the quickest developing land showcases in India today. It has developed on the once more of the IT upset that hit the city a few years prior. It may not be right to expect that the IT experts have given the best impulse to the private business of the city. Weigh out real estate in Gurgaon