Commuters walk past the Bombay Stock Exchange building in Mumbai. Reuters
Ahead of the fourth quarter results of the IT heavyweights Infosys and TCS, and key macro data release, major equity indices ended the week on a higher note led by gains in banking stocks. The BSE Sensex closed 160.10 points or 0.41 per cent higher at 38,767.11. The broader Nifty finished 46.75 points or 0.40 per cent higher at 11,643.45. “Market turned positive despite a weak rupee as investors
Sensex and Nifty ended lower on Thursday after advancing for four consecutive sessions as investors took to profit booking. Investors also treaded with caution ahead of Q4 results from index heavyweight Reliance Industries. Jet Airways was in the spotlight throughout the day over its steep fall.
Despite several challenges including the NBFCs-triggered liquidity crisis as well as global trade tensions and high crude oil prices, the Indian equities market emerged as one of the best performers globally in 2018-19. “The Indian indices − S&P BSE Sensex and NSE Nifty50 − both have outperformed major world indices in 2018-19,” HDFC Securities’ Retail Research Head Deepak Jasani told IANS.
Power and banking stocks rose after the Supreme Court on Tuesday struck down the Reserve Bank of India’s (RBI) February 12, 2018, circular on banks’ non-performing assets (NPAs), or bad loans The RBI circular had directed banks to refer any loan account above Rs 2,000 crore for proceedings under the Insolvency and Bankruptcy Code (IBC) if such an account is not resolved within 180 days of default.
Japanese businesses with links to Britain say they have no immediate plans to flee the country as its government seeks to hammer out terms of its exit from the European Union, a Reuters poll found. Many said they would take a «wait-and-see» stance toward Brexit.
Real estate sector in Dubai has always been a key source of remarkably contributing to the economy. Property developers and real estate agents are behind the success of the emirate’s booming property market, making all out efforts to supply units to meet the growing demand in the wake of high influx of expats.
The new North American free trade pact would modestly boost the US economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the US International Trade Commission showed.
The Sharjah FDI Office (Invest in Sharjah), the entity responsible for intensifying Sharjah Government’s efforts to promote the emirate’s business and investment opportunities in key international markets, in collaboration with the Chinese Business Council,