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‘Feel very blessed’: PM Modi invited for Ayodhya’s Ram temple inauguration ceremony

Prime Minister Narendra Modi has received a formal invitation from the Shri Ram Janmbhoomi Trust to attend the inauguration of the Ram Temple in Ayodhya in January. The ceremony is scheduled to take place on January 22, 2024, and was confirmed during a meeting between the Prime Minister and Champat Rai, the General Secretary of the Shri Ram Janmbhoomi Trust. जय सियाराम!आज का दिन बहुत भावनाओं से भरा हुआ है। अभी श्रीराम जन्मभूमि तीर्थ क्षेत्र ट्रस्ट के पदाधिकारी मुझसे मेरे निवास स्थान पर मिलने आए थे। उन्होंने मुझे श्रीराम मंदिर में प्राण-प्रतिष्ठा के अवसर पर अयोध्या आने के लिए निमंत्रित …

阿拉爱上海

Zerodha’s Nithin Kamath says ‘no clue where share market will go, but I know what to buy, what to short’

Zerodha co-founder Nithin Kamath says he usually doesn’t have a clue on where the market is headed, despite spending about 25 years in the industry, but has a fair idea of where to invest money to grow. He believes that India will most likely outperform US and other emerging markets (EMs). “People keep asking about my views on the markets. I’ve been at it for ~25 years & I don’t have a clue. I usually say whatever the current trend will continue, as that is most probable. But over the last year, I’ve been consistent that India will most likely …

夜上海论坛

Reliance, SpiceJet, Paytm, HFCL, Hinduja Global, ACC, Hindustan Zinc, GMR Infrastructure stocks in focus

Indian equity markets are likely to start the week on a muted note. Ahead of Monday’s session, SGX Nifty was in the red, signalling flat to negative start for benchmark indices Nifty 50 and Sensex. “Markets have been showing tremendous resilience amid tough global conditions however it would be hard to hold if the situation deteriorates further. We’re eyeing 17,000 as a major support in Nifty while 17,800 would continue to act as a hurdle. We recommend restricting positions to select sectors and stocks which are outperforming the benchmark,” said Ajit Mishra, VP – Research, Religare Broking. Stocks in focus …

夜上海论坛

Petrol sales rebound in India, jump 5.8% in August, diesel lags on fall in consumption

Petrol sales in India rebounded in August but diesel continued to show a decline over the previous month as rains in several parts chipped away demand in some sectors, preliminary industry data showed. Petrol sales, which had dipped 5 per cent in July, increased 5.8 per cent to 2.81 million tonnes in August when compared with 2.66 million tonnes of demand in the previous month. The consumption was almost 16 per cent higher than August 2021 and 31.7 per cent more than 2.14 million tonnes in the same month in 2020. It was 20.6 per cent higher than the pre-pandemic …

夜上海论坛

Greaves Cotton Rating: buy | A faster ramp-up is on the cards

We attended the Investor Day organised by Greaves Cotton (GRV). Key takeaways: (i) Electric Vehicle (EV) 2W focus is on: `70K–90K price points; B2B (low and city speed); and B2C (high speed). (ii) Launches planned for the high-speed segment; the ambition is to be among the top three players in India. (iii) Engines: Apart from mobility, the company is focusing on the entire spectrum of agri solutions, power solutions and industrial applications, and eyeing exports too. Strong traction in e-mobility, an expanding engines business and a sound balance sheet imply GRV is poised for a faster ramp-up and it will …

阿拉爱上海

P-notes investment continues to swell for seventh month on robust macros

Investment in the Indian capital markets through participatory notes rose over a six-year high at Rs 1.33 lakh crore at September-end, making it the seventh consecutive monthly increase, on the back of robust macroeconomic fundamentals. This is the highest level since July 2017 — when investment through the route stood at Rs 1.35 lakh crore, data from the Securities and Exchange Board of India (Sebi) showed. They, however, need to go through a due diligence process. According to Sebi data, the value of p-note investments in Indian markets — equity, debt, and hybrid securities — stood at Rs 1,33,284 crore …

上海后花园论坛

Will bears dominate or bulls stage a comeback to pull Nifty above 17700? 5 things to know before opening bell

Indian share market may open higher on week’s last trading day. Ahead of today’s session, SGX Nifty hinted at a positive start for benchmark indices BSE Sensex and NSE Nifty 50. Nifty futures on the Singapore Exchange traded 87 points, or 0.49% higher at 17,675. “The recent move in Nifty indicates consolidation after the phenomenal gains and we expect the trend to continue. Meanwhile, volatility would keep the participants on their toes. In absence of any major domestic event, the performance of global indices will remain on the radar for cues. We thus recommend focusing more on position management and …

阿拉爱上海

Zomato to focus on food delivery, Hyperpure and quick commerce

Online food delivery platform Zomato has decided to narrow its focus on three key areas of food ordering and delivery; supplies to restaurants through ‘Hyperpure’ and quick commerce, company Chairman Kaushik Dutta said on Tuesday. In his address to shareholders at the company’s annual general meeting, Dutta said the move was part of strategy to focus “only on areas that have the potential to become meaningfully large businesses ten years from now”. In FY22, he said Zomato was able to achieve strong top line growth while keeping its “adjusted EBITDA burn under control”, despite multiple challenges such as disruptions due …

上海后花园论坛

Market watchers attribute 1,564 points rally in Sensex to buying from FPIs

Indian equities gained 2.5% on Tuesday, recouping all the losses it made a day earlier, on the back of strong buying from overseas investors. The BSE Sensex gained 1,564 points or 2.7% to settle at 59,537 while the Nifty was up 446 points or 2.6% at 17,759. Market watchers attributed the sharp rally to concentrated buying from FPIs, especially in banking and financial services firms. FPIs bought shares worth over Rs 4,000 crore net on Tuesday, provisional figures show, taking the month to date buying to Rs 51,000 crore or $6.4 billion. Investors wealth soared by Rs 5.68 trillion by …

阿拉爱上海

Syrma SGS Tech, HDFC Bank, Dr Reddy’s, Eicher Motors, IDBI Bank, DFL, Yes Bank stocks in focus on 26 August

Indian equity markets are likely to open higher on Friday. SGX Nifty was in the green, hinting at some positive momentum build-up ahead of the opening bell. In the previous session, S&P BSE Sensex tanked 310 points or 0.53% to settle at 58,774 while the NSE Nifty 50 index was down 82 points or 0.47% at 17,522. “Market saw long liquidations and weak rollover on the monthly F&O expiry as there is nervousness ahead of US Fed Jackson Hole meeting wherein the hawkish tone is likely to continue. Nifty seems to be stuck in a range and is consolidating near …

April 2023