Furthermore, credit growth, which bottomed out in April at about 5%, increased to about 7% in November
Bank Nifty index closed the week on a negative note, facing resistance around 37,300 levels post a brief bounce
Among NBFCs, we think Cholamandalam Finance would be a dark horse, given that second-hand vehicles are seeing a huge amount of buying and selling
When it comes to investing, almost everyone is trying to predict which direction is the equity market likely to head
Despite strong global cues, our markets started the week on a negative note and slipped further to close at the lowest level in the last three months around the 16,900 mark. The action was not done yet as further improvement in the global cues couldn’t keep our markets lower and a sharp rally in the […]
A breach of the same might bring in further uncertainty in the markets
There were also concerns over taper tantrum by the US Fed which led to some correction
Among the gainers were Asian Paints, SBI, M&M, TCS and Bajaj Finserv
This stock has been under a significant pressure as it has slipped from its November swing high of 3,845 to the recent swing lows of 3,200
A weekly close below the same might reinforce the bears to drag the index much lower