Monday, 5 December, 2022
TopicIndian stocks

Topic: Indian stocks

Share prices surge with decline in global oil rates, Sensex crosses 57,200, Nifty over 17,000

India, the world's third-biggest importer and consumer of oil, benefits from a fall in prices as it brings down imported inflation.

Sensex dips to 57,692 points, NSE falls to 17,146 points with losses from automobile stocks

Asian equities fell as investors worried about rising interest rates & an escalation in the Ukraine war amid warnings from the World Bank and the IMF of global recession risks.

Rupee falls to a record low at 78.28 per dollar, stocks slide amid global risk-off fears

The rupee slid as much as 0.6% on Monday, after having hit a series of recent lows. The benchmark S&P BSE Sensex Index slid about 2.8%, and bonds also declined.

SubscriberWrites: Taper Tantrum of 2013 has significant impact on India. Here’s why

Indian stock market could be seen in red for some time as the companies are moderating themselves to their expected valuations, writes Criti Mahajan.

Bad timing could hamper LIC IPO

Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

LIC IPO will get pushed to next fiscal if Modi govt doesn’t take call on timing in a day or two

With transactions likely to take 15 days, & given current market volatility, it is learnt budget division in finance ministry isn't including LIC IPO proceeds as part of this fiscal's calculation.

Chinese and Indian stocks in Thai Pension Funds’ potential list for $33 Billion investment plan

The plan to add more Chinese and Indian stocks will help Thailand’s Government Pension Fund diversify its equities portfolio, and earn better returns in developing and resilient economies.

Paytm stock rout is proving to be an expensive lesson for early backers Berkshire, SoftBank

Paytm is struggling to convince investors and analysts alike of the potential for its business model. Losses widened to Rs 474 crore in the September quarter amid rising expenses.

Day traders jump into India stocks as they start to collapse

BSE Sensex rose over 20% in the first 10 months of this year. But it’s now about 10% below an all-time high touched in October.

Money fleeing China may avoid Indian stocks as they’ve become pricey, UBS says

UBS predicts Nifty 50 Index will fall to 15,500 by June end 2022. Current surge has Nifty trading at 21.3 times estimated 12-month earnings, much higher than its 5-yr average of 18 times.

On Camera

YourTurn

PM Modi pays tribute to Dr Rajendra Prasad on his birth anniversary

What explains Modi’s silence as states fight on, relations with Centre worsen

Whether it's Karnataka-Maharahstra or Assam-Meghalaya, Modi govt's reluctance to get dragged into border disputes is self-defeating.
A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad | Reuters file image

Rupee falls to 81.75 against dollar, loss on stop losses and dollar outflows

The rupee was down 0.5% to the dollar and has been an underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher.

Defence

Russian President Vladimir Putin with Chinese President Xi Jinping. (Photo Credit - Reuters)

In western arms sanctions on Russia, China’s arms industry could stand to gain

The arms export embargoes on Moscow could create an opportunity for Beijing to supply arms to countries like Myanmar, which are heavily dependent on Russian arms.
Illustration: Soham Sen | ThePrint

Gujarat election is anything but dull. BJP’s political neurosis about AAP is the hidden headline

Gujarat is the only state where Modi is directly in contention. Even if he wins, the team that runs him closest has much to gain.