Auto stocks lead the rally on expectations of strong quarter numbers
Most OEMs are expected to report a sequential EBITDA margin expansion led by improving product mix and operating leverage
Read More
India turns net importer of finished steel in 2023/24, data shows
The country imported 8.3 million metric tons of finished steel between April and March, up 38.1% from a year earlier, the data showed.
Read More
Sensex, Nifty touch fresh highs, Bank Nifty at new peak; eyes on Q4 results, global equities
12 out of 15 Nifty sectoral indices were trading in the green. The Oil Gas and Realty indices gained over 1 percent, followed by Auto and IT indices which also witnessed buying action
Read More
Joe Biden seeks to cancel some interest on student loans, aiding 23 million Americans
The plans, which Biden will detail in Madison, Wisconsin, include cancelling up to $20,000 of accrued and capitalized interest for borrowers, regardless of income, which the administration estimates would eliminate the entirety of that interest for 23 million borrowers.
Read More
Bank Nifty at new record high; positive momentum may extend rally to 49,000
As long as the Index holds above its crucial supports placed at 48,250, the current positive momentum could extend towards the zone of 48,850-49,020.
Read More
AstraZeneca, Daiichi drug gets broad tumor approval in US
The US Food and Drug Administration cleared the medicine for patients who have HER2-positive solid tumors that have spread or can’t be removed with surgery, the company said. These patients have already received prior treatment and don’t have any good…
Read More