FIC WEEKLY

Indian Equity benchmarks – SENSEX and NIFTY, the barometers of BSE and NSE, in several, are in a gloom logging worst weekly falls since  2008 Financial Crisis.  Investors, the big wheel, of the wagon of our Economy have held their ground with huge sell-offs. Investors, being fleeing their risk assets amid heightened fears of the corona virus- induced global recession. BY KASHISH SINGLA | 2 MIN READ

The stock market closed on Friday with Nifty down by 54 points or 0.45% at 11914.40 and Sensex down by 215.76 points or 0.53% at 40359.41. Bharti Infratel, Infosys, Asian Paints, TCS and UPL were among major losers, while top gainers included Eicher Motors, Tata Steel, Zee Entertainment, JSW Steel and NTPC. BY HARSHIT GUPTA                                                                                                          2 min read

Indian stock markets ended higher this week amidst volatile trade, lifted gains in IT, banking stock and realty stock. The Sensex rose 170 points to 40286 while Nifty settled 0.25% higher at 11870 on Thursday. BY SAHIL DESAI | 5 Mins Read Gain in Realty Stocks Real estate sector gained after the government has recently approved a Rs 25000 crore fund to help complete over 1600 stalled, affordable and middle-income housing projects. As a result, the BSE Realty index advanced the most to 2128.4 for the week. The index is up 9.8% over the last 30 days. Within the BSE Realty Index, the top gainers were DLF (up 3.5%), Prestige Estates (up 0.3%), Indiabulls Housing Finance (up 5%) and Brigade Enterprises (up 1.93%). Consumer and Wholesale Price Inflation India’s Retail inflation for the month of October breached the Reserve Bank of India’s (RBI) medium-term target of 4% for the first time in 15 months due to higher food prices even though RBI had predicted that food ...

BSE Sensex was at its all-time high levels of 40,654, and Nifty was very close to its all-time high and closed at 12,012 on Wednesday. Financials contributed the most to Sensex’s gains. Private lender ICICI Bank with a gain of 2.64 per cent contributed most to the rally at 76.86 points. Peer HDFC Bank (72.38 points) and mortgage lender HDFC (64.83 points) came in next. BY HARDIK GOEL | 2 Mins Read It is to be noted that despite poor macro numbers, the indices are determined to make new highs. Common sense prevails that the all-time highs don’t make sense in a deteriorating economic environment in India. India’s GDP grew by a mere 5% in the June ending quarter, while the core infrastructure growth contracted by 5.2% in September. The manufacturing and services PMI numbers were equally bad for October. The government data also showed that India’s fiscal deficit reached 93% of the budget estimate for the period April-Se...