NIFTY: The Nifty opened almost unchanged, then moved inside a narrow trading range throughout the day. There were repeated moves towards 11150 on the upside and repeated moves towards 11030 on the downside. Finally, the Nifty closed at 11073.45 down by 28 points. Friday’s intraday action was almost like a nothing day, and the markets…
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Indian Market Outlook: The Key benchmark indices fell over 1% over the week after the sixth consecutive weeks that Nifty closed with gains. Index heavyweight RIL contributed the most to the benchmark’s decline and dropped 1.98 per cent post Q1 numbers. Nifty ended the week 1.08 percent lower at 11073 points while Sensex ended 1.37…
KEY HIGHLIGHTS The 10-year Indian government bond yield Increases 0.34% to 5.837% from 5.817% in the week gone by. US 10 year benchmark decreases to -10.13% as compared to 0.533% in the previous week. Market will continue to track global as well as domestic factors such as increase or decrease of Covid-19 infection, rupee movement,…
Sun Pharmaceuticals Industries is in the business of manufacturing, developing and marketing a wide range of branded and generic formulations and Active Pharmaceutical Ingredients (APIs). The Company’s products include AB PHYLLINE, ABZORB DUSTING POWDER, ACAMPROL, ACOSTIN 3 MIU, ACOSTIN FORTE and AB PHYLLINE SR 200. Its manufacturing units are situated in India, the United States…
UltraTech Cement Ltd is the largest manufacturer of grey cement, ready mix concrete (RMC) and white cement in India. With a consolidated capacity* of 116.75 MTPA, it is the third largest cement producer in the world, excluding China. Installed capacity in India – 111.35 MTPA Capacity Utilisation – 69% Realisations per tonne June, 2020 –…
NIFTY: The Nifty opened almost unchanged in the morning, moved up, and then spent one hour trying to cross 11300 decisively. Price did not hold the higher levels and started a down move. From 12:40 PM onwards, the index began to fall steadily. A sharp intraday decline of 200 points (from intraday high to intraday…
NIFTY: The Nifty opened almost unchanged after daybefore’s big move. This should have been taken to be positive because the US markets weighed down overnight. The fact that India was opening almost unchanged was not bearish. After a very brief foray in positive territory, the index started falling and reached a low of 11240 rather…
NIFTY: After five days of narrow range movement, the Nifty decided to finally begin a breakout and the breakout was on the upside. We had identified a resistance of 11200 in the Nifty. During the day the index crossed this resistance and then did not look back, touching a high of 11318 before closing significantly…
Kotak Bank 1QFY21 Result 1QFY21 4QFY20 1QFY20 QoQ% YoY% Net Interest Income 3724 3560 3161 4.6% 17.8% Other Income 774 1489 1317 -48.0% -41.2% Fee and Services 776 1270 1162 -38.9% -33.2% Others (2) 219 155 -100.9% -101.3% Net Total Income 4498 5049 4478 -10.9% 0.4% Employee Cost 911 970 902 -6.1% 1.0% Other Operating…