Sensex, Nifty Register Longest Rally In Over 3 Years: 10 Things To Know
- Expectation of normal monsoon and a shift in government spending towards rural areas bodes well, Goldman Sachs said in a note, maintaining its FY19 real GDP growth forecast at 7.6 per cent.
- Another normal monsoon and the government's focus on rural development implies that rural income levels could rise faster in FY19, global brokerage CLSA said in a note, adding that one of the key beneficiaries of this would be Mahindra and Mahindra Ltd.
- Shares of M&M rose over 1 per cent on Tuesday.
- "There's some secular buying taking place in the markets. Consumption theme, including retail and FMCG, are playing out very well after monsoon forecast," said Krish Subramanyam, co-head and equity adviser at Altamount Capital.
- Among the Nifty50 stocks, PowerGrid, HUL, Titan, ICICI Bank and Bharti Airtel rose between 1.5 per cent and 3 per cent.
- Shares of Nestle India, maker of Maggi instant noodles and Kit-Kat chocolates, rose nearly 3 per cent after brokerages Goldman Sachs and CLSA raised their target prices.
- IT major Infosys fell 0.70 per cent, extending its 3 per cent loss suffered on Monday. The IT major had cut its operating margin forecast for FY19, leading to selling pressure in the stock.
- Axis Bank, Wipro and Sun Pharma were among other major loses in the Nifty50 pack.
- The rupee weakened to a seven-month low of 65.68 against the dollar.
- In global markets, European equities were mostly higher while Asian equities had ended mixed. China's economy grew at a slightly faster-than-expected pace of 6.8 per cent in the first quarter, buoyed by strong consumer demand, healthy exports and robust property investment.
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
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India Exports Capital. Why Not Export Trusteeship?
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You May Inherit The Business. You Must Earn Its Credibility.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
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When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
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Wrong Labels, High Pesticide Residues Holding Back Agri Exports | The Reason Why
India needs stronger domestic food-safety and labelling standards, with best practices becoming part of everyday business for farmers, traders and food companies.
