Derivatives expiry will affect investors sentiments in India.
Strong gains by index major Infosys and Sun Pharma aided the Sensex in advancing over 160 points on Monday. Infosys hit its all-time high level with 7.2 per cent gain on the back of strong numbers in its quarterly results
Looking like the last day of the losing streak for the markets, Thursday’s trading session, however, proved no different that the developments over the past five days.
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
The contribution of core digital sectors like information technology-business process management (IT-BPM), digital communications, and electronics manufacturing to India’s gross domestic product (GDP) may increase from seven per cent in 2017-18 to eight to 10 per cent in 2025, says a new report from McKinsey Global Institute.
Major revivals are taking place in the European aviation industry. Polish carrier LOT is acquiring Thomas Cook’s German airline Condor. The deal to create a leading aviation group in Europe carrying more than 20 million passengers a year.
Sainsbury’s has revamped top management to revive operations. The company has picked retail and operations director Simon Roberts to succeed CEO Mike Coupe, the architect of the British supermarket
Cities in the Middle East and Africa (MEA) are gaining momentum, with Dubai, Riyadh and Nairobi all ranked within the top 20.
The bank said its balance sheet reflects strong performance and sound financial position, with total assets reaching Dhs46.4 billion at the end of 2019, 3.7 per cent increase in comparison to the Dhs44.7 billion achieved at the end of 2018.