As anticipation mounts for the upcoming Huzur Constituency Election in Madhya Pradesh, voters are eagerly awaiting the big battle that kicks off with the announcement of key dates by the Election Commission of India. Here, we provide you with essential details about the Huzur Constituency Assembly Election 2023 that every voter should be aware of. Huzur Constituency Madhya Pradesh Assembly Election 2023: Voting Date The voting date for the Huzur Assembly Constituency Election 2023 has been officially announced by the Election Commission. As per the ECI, Huzur Assembly Constituency will go to polls on November 17. Stay tuned for updates …
November 2023
Hawkish Fed to keep Indian markets on edge
By Ashley Coutinho Indian equities are likely to remain volatile after the US Federal Reserve delivered a hawkish commentary at the Jackson Hole Economic Policy Symposium 2022 on Friday, belying market expectations that interest rate hikes would taper off over the next few quarters amid the possibility of a peaking of inflation. “While higher interest rates, slower growth, and softer labour market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain,” Powell said in …
Markets rally: Investors richer by Rs 5.68 lakh crore
Investors’ wealth soared by Rs 5.68 lakh crore on Tuesday driven by a smart recovery in the equity market with benchmark BSE Sensex rallying nearly 3 per cent. The BSE Sensex jumped 1,564.45 points or 2.70 per cent to settle at 59,537.07. During the day, the benchmark rallied 1,627.16 points or 2.80 per cent to 59,599.78. “Strong bounce back in local benchmark indices came on the back of recovery in Asian and European indices. Focus seemed to have shifted from hawkish Fed stance to expectations of a strong Q1 GDP numbers. “Despite volatility and uncertain global macro environment, the rally …
Rupee likely to remain steady against US dollar amid mixed cues; USDINR pair to trade sideways in this range
The Indian rupee is expected to trade steady on Tuesday against amid recovery in regional fears, cautious market sentiments, falling crude prices and strong dollar. USDINR spot price is expected to trade in a range of Rs 79.20 to Rs 80.80 in next couple of sessions. In the previous session, spot USDINR opened at a life low of 80.07 and gained to 80.13 before settling at 79.97 on probable central bank interventions and pullback in the dollar index. The RBI’s dollar selling led to the rupee to recover past the 80 mark and end the day with only a small …
Stock market volatility continues: A six-step guide to sail smooth during market volatility
By Jaikishan Parmar Volatility is an inherent aspect of the stock market. It is an inevitable phenomenon as the stock market tends to oscillate due to factors one cannot always precisely predict. The essence of a healthy long-term investment strategy is to assess the volatility aspect in an appropriate manner and emerge as a winner. To achieve these ends, specific strategies need to be devised, keeping various permutations and combinations in mind, which shall aid the investor to navigate the market’s unpredictability. The fundamental step to handling stock market volatility is to know how to spot one. Only then can you …
TMB hopes to tide over branch restrictions post IPO
Tamilnad Mercantile Bank (TMB) is looking to broadbase its shareholding and get past regulatory restrictions on branch expansion with its initial public offering (IPO), chief executive KV Rama Moorthy said on Tuesday. “We are having a strangulating effect by way of not (being allowed to go for) branch opening in the live organisation. That is one thing which has prompted us to go for this exercise. If that strangulation is not there, it will help us to grow,” Moorthy said. Also read: Global Markets: Shares and bonds stabilise on pause in bad news The regulator revoked three of the restrictions …