Previous Day Market Update Sensex closed at 55949.10 up by 4.89 points Nifty closed at 16636.90 up by 2.20 points HDFC Bank has listed its 3.7% AT1 bonds at the IFSC in GIFT City, Gujarat. This is special for India as the AT1 bonds were dollar denominated and had raised $1 billion for HDFC Bank
How do you distinguish whether you are at the peak of a bull rally or at cusp of the next bull rally? The answer is simple. Don’t look at what the markets are doing. Rather look at what companies are doing. We often tend to get obsessed with the level of the Sensex and Nifty.
In the midst of all the debate over stock market levels and valuations, the BSE market cap crossed $3 trillion. Yes we are considering the BSE market as there are over 4500 stocks listed on the BSE and hence it is a lot more representative of the spread of the Indian capital markets. Of course,
Gold imports in the Apr-Jun period dipped sharply in the back of higher prices. While gold imports fell by 81% in this period on a YOY basis to $2.47 billion, silver imports fell by 56.5%. The sharp fall in the imports of gold and silver has helped India narrow its trade deficit, although the