"After 18 long months, our leaders @Wipro are coming back to the office starting tomorrow (twice a week). All fully vaccinated, all ready to go - safely and socially distanced," Premji said in a tweet.
While the benchmarks are at their peaks and valuations are sky-high, common sense dictates it’s time to go defensive. Read more on the defensive bets, a stock benefitting from three thematic plays, headwinds for specialty chemicals industry, rural boost for the FMCG sector and much more.
In order to keep up with changing goals, using the power of compounding to make your money make more money for you and achieving your desired goals at your desired time, it is extremely important to reconsider your mutual fund SIPs with your changing money goals.
For the coming week, a muted start can be expected in USDINR and it is likely to move in the range of 73.30 – 74.20 levels with an upward bias. Last but not least expect the USD-INR pair to embrace more volatility in the days ahead.
In the BSE500 index, about 270 stocks ended the week on a positive note while the rest closed with cuts. Among the gainers, about a score of counters registered a rise of 10 per cent or more during the week. Here are 10 stocks that buzzed the most during the week:
Two stocks -- Tiger Logistics (India) and Lancer Containers Lines, which provide container services to traders -- have been seeing a lot of investor interest on the bourses and rallied more than 100 per cent in the last one month.
In India too, Bollywood superstar Amitabh Bachchan has launched his own NFTs, which are themed around his life. Before him, Sunny Leone became the first Bollywood actress to launch her own NFT collection of unique, hand-animated art. Messi, Big B and Leone are not alone in this business. The popularity of NFT, a type of digital asset, has exploded beyond anyone’s imagination in recent years.
The US Securities and Exchange Commission appears to have locked horns with cryptocurrency exchanges lately. The US Securities and Exchange Commission (SEC) has threatened to sue Coinbase if the crypto exchange goes ahead with its plans to launch a program allowing users to earn interest by lending crypto assets.
For the continuing gush of foreign money in the debt segment, Himanshu Srivastava, associate director (research) of Morningstar India, said, "The stability in Indian currency and increasing bond spreads between the US and India made Indian debt better placed on the risk-reward basis, which would have caught investor fancy resulting in rather sudden and high inflows."
A look at the consolidated earnings of Nifty50 companies shows it was at almost Rs 358 per share average in August 2020, and has been continuously improving since then. The same figure averaged at Rs 446 in April, 2021 and Rs 607 in August 2021. Therefore, if you look at the PE data of this year, it is continuously on a decline, even though the key indices are touching new levels.
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