GNA Axles, 5Paisa Capital, Vikas Lifecare, Ganga papers India, Excel Realty and Add-Shop ERetail are among the companies that will announce their December quarter results today.
Ahead of this weekΓ’β¬β’s interactions of startups with key policymakers, including the PM, the government on Sunday said that it is looking at demands for direct overseas listing by several companies, but pointed to the development of a healthy ecosystem within the country.
The valuation of Reliance Industries Limited (RIL) zoomed by Rs 46,380.16 crore to reach Rs 16,47,762.23 crore.
The GDP numbers are spot on as compared to what we expected. With Omicron and a global surge in Covid cases, the GVA number is slightly higher than expected, says Saugata Bhattacharya, Chief Economist, Axis Bank.
Those having lumpsum cash to invest can create a synthetic SIP by making lumpsum investments in liquid fund and set up a weekly/fortnightly or monthly transfer plan to equity funds.
The benchmark indices moved from strength to strength, thanks to healthy buying across sectors, especially the banking pack. However, the momentum paused later on in the week as the US Fed meeting minutes suggested tightening of monetary policy and a faster than expected rate hike.
Monday is likely to see a stable start to the day; the levels of 17,865 and 17,930 are expected to act as resistance points. The supports come in at 17,730 and 17,650 levels. The markets are likely to stay in a broad but defined range.
Investment in sovereign gold bonds has picked up pace in recent months. However, lack of clarity on how gold will move in the coming month may keep investors cautious.
The latest inflow came after witnessing a net outflow of Rs 38,521 crore during October-December 2021. Before that, foreign portfolio investors (FPIs) had made a net investment of Rs 13,154 crore in September last year.
Γ’β¬ΕTata Steel is the lowest cost producer of most categories of steel, the kind of effort and initiative they have taken for reducing debt from their balance sheet is commendable.Γ’β¬Β
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