Dalal Street ends high on bright economic prospects, new Covid drug

MUMBAI: The domestic equity market continued its winning streak in the new Samvat as both Nifty 50 and BSE Sensex ended the session with huge gains despite falling in the red zone earlier. The Nifty 50 index ended 0.9 per cent higher at 18,068.6, while the BSE Sensex ended 0.8 per cent higher at 60,545.6. … Read more

Don’t see huge risk in IndusInd Bank stock: Ashutosh Mishra

I don’t care about the whole organization. It is important to differentiate between risk and volatility in a stock. From a risk perspective, I don’t see any major risk in the stock, say Ashutosh Mishra, Head of Research – Institutional Equity, Ashika Group. Is it worth seeing? This is 10% less. I am convinced of … Read more

Global central bank intervention in bond market led to misvaluation of risk: Viral Acharya

New Delhi: A major global central bank’s response to the economic fallout of the coronavirus pandemic is to intervene in bond markets to keep overall borrowing costs down. The phenomenon has been one around the world, with the US Federal Reserve pushing for a major round of quantitative easing – $120 billion in asset purchases … Read more

Paytm CFO on IPO valuation, profitability and future plans

“We could have priced the IPO higher if we wanted to but we thought that this is the right balance for making sure that the investors who come in the Paytm IPO should be treated very fairly and this is where we were comfortable,” says Madhur Deora, President & Group CFO, Paytm. Demonetisation started on … Read more

3 stocks that can become market leaders in the coming year

Sandip Sabharwal, analyst, Askandipsabharwal.com Say, Mahindra & Mahindra and L&T are three stocks that should do well in the next one year. SBI’s numbers and management commentary were very bullish. Street has liked the numbers. What’s next for SBI?Yes, so I think SBI is sorted like ICICI Bank, where the value of the SBI subsidiaries … Read more

Fed tapping could make Indian market more dependent on domestic flows: Punita Kumar Sinha

“We may not be worried about inflation, but if global liquidity starts to dwindle, it will have a worldwide impact and then we will be heavily dependent on domestic inflows to keep the markets buoyant,” he says. Punita Kumar Sinha, Founder, Managing Partner and CIO, Pacific Paradigm Consultant. What is the impact of Fed tapering … Read more

Japan shares fall as construction firms’ earnings hit

TOKYO: Japanese stocks closed lower on Monday as manufacturing stocks fell somewhat, while drugmakers lost their footing after Pfizer’s trial of a COVID-19 antiviral pill showed promising efficacy. Despite Wall Street strengthening on Friday, Nikkei stock averaged 0.35% to 29,507.05, having slipped from a one-month high hit on Thursday. Broader Topics ended 0.30% lower at … Read more

China shares rise as strong export data overcomes economic fears

SHANGHAI: China shares rose on Monday, led by gains in tourism and new energy stocks, as investors looked at data that beat forecasts for exports from the world’s second-largest economy to deliver a record trade surplus in October . The blue-chip CSI300 index closed 0.1% higher at 4,848.18, while the Shanghai Composite index rose 0.2% … Read more

Tesla shares fall after stake sale following Musk’s Twitter poll

Tesla Inc.’s Frankfurt-listed shares fell nearly 9% in early trade on Monday as investors prepared for a proposed sale of nearly one-tenth of its stake in the electric-carmaker following a Twitter poll by Chief Executive Officer Elon Musk. . Musk, the world’s richest man, tweeted on Saturday that he would sell 10% of his stock … Read more

Crypto Queens: Women Make a Place in the Blockchain World

As an artist and women’s rights activist, Maleeha Abidi specializes in using digital technologies, so when she found non-fungible tokens she quickly thought they could be a way to reach more people, and women artists. Can gain a huge following. Abidi, 25, who was born in Pakistan and moved to the United States as a … Read more