These eight sectors expanded by 1 per cent in the same month last year. The pace of expansion was 1.2 per cent in March Production growth in eight core infrastructure sectors rose 1.7 per cent in April, driven by higher output of steel, cement and electricity, according to government data released on Wednesday. These…
DetailsKiran Jani, Head of Technical Research at Jainam Broking, sees 23,200 as a strong support level for benchmark Nifty50, adding that if the index decisively holds 23,200, then traders can expect 24,500-24,800 levels in the upcoming months. Offering a stock-specific view on Tata Motors (Commercial Vehicles) Ltd (TMCV) in Business Today Television’s (BTTV’s) Daily…
DetailsApollo Micro Systems saw a 5.6% rise to ₹311 as investors reacted positively to its strong March quarter results, reporting an 81.3% YoY revenue increase to ₹293.26 crore and a 163.5% jump in PAT to ₹36.79 crore. Apollo Micro Systems, a multibagger defence stock, closed 5.6% higher at ₹311 apiece in Monday’s trade on May…
DetailsGoldman Sachs projected relatively stable steel prices across major global markets through the remainder of 2026, with US steel prices expected to remain stronger than those in Europe, China and Brazil. Global steel prices continued to climb across major markets in April and early May, with Brazil emerging as the strongest-performing region, even as China’s…
DetailsThe loss marks Air India’s biggest annual loss since the airline was acquired by the Tata Group in 2022 Indian carrier Air India reported a loss of S$3.56 billion, or around $2.8 billion at current exchange rates, in 2025-26, which marked its largest annual loss since the Tata Group regained control of the airline in…
DetailsRising global prices of the precious metals, preferential access through India-UAE CEPA could keep value, volumes high. With mounting pressure on the current account deficit, the Centre has more than doubled the customs duty on gold and silver to 15% from 6%. It has similarly hiked the import duty on platinum to 15.4% from…
DetailsIndia remains particularly vulnerable to high oil prices, given its dependence on imported crude oil and liquefied natural gas, Moody’s said Moody’s Ratings on Tuesday cut India’s economic growth forecast for 2026 by 0.8 percentage points to 6% on subdued private consumption, capital formation, and industrial activity amid higher energy costs triggered by the West…
DetailsAmid increasing geopolitical risks and economic uncertainty, experts advise investors on how to rebalance portfolios effectively. Focusing on quality stocks, maintaining SIPs, and adjusting allocations can help navigate this volatile landscape. This year so far has been challenging for equity investors largely due to increased geopolitical risks, higher crude oil prices, and the rupee’s…
DetailsAlongside Saudi Arabia, the UAE holds meaningful spare capacity, the real lever Opec+ uses to move markets and stabilise prices. The United Arab Emirates’ (UAE) exit from the Organisation of Petroleum Exporting Countries (Opec) could benefit India by increasing oil supply and lowering prices, analysts said. On April 28, the UAE announced…
DetailsONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts. Shares of Indian upstream oil companies rallied up to 4 per cent on the BSE in Tuesday’s intra-day trade. Individually, Oil…
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