New Delhi, June 4 (IANS) Despite energy market volatility, Indian corporates closed FY26 on a resilient note, as BSE 500 companies posted an aggregate profit after tax (PAT) growth of almost 14 per cent year-on-year in Q4FY26, largely in line with the previous quarter’s performance, a report said on Thursday.The report from Emkay Global Financial Services said that robust topline expansion, broad-based sectoral participation, healthy cash flows, and resilient balance sheets strengthened the earn…
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New Delhi, June 3 (IANS) The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) begins its three-day policy meeting on Wednesday, with experts widely expecting the central bank to maintain status quo on interest rates amid volatile global conditions, driven by ongoing tensions in West Asia. The policy decision will be announced on Friday by Governor Sanjay Malhotra.The June review comes amid sustained geopolitical tensions and volatile global crude and gas prices, which have complic…
New Delhi, June 1 (IANS) The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to keep interest rates on hold on June 5, as a sharp correction in Brent crude prices has eased concerns around inflation, a report said on Monday.The report from Emkay Global Financial Services noted that a significant improvement in India’s outlook for the external account over the past two weeks due to 22 per cent correction in Brent on hopes of a US‑Iran memorandum of understanding.”We expe…
New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
New Delhi, April 9 (IANS) Ferrous players are likely to post strong fourth quarter (Q4) results as hot‑rolled coil and rebar prices rose sharply, driving realisations and offsetting higher coking coal costs, a report said on Thursday.The report from Emkay Global Financial Services said that “COAL is likely to report strong on-quarter EBITDA growth, among mining stocks, surging over 46 per cent or Rs 115 billion”. The growth is supported by higher e‑auction realisations and improved offta…
New Delhi, March 28 (IANS) In a bid to curb speculative trading to cap decline in the Indian rupee, the Reserve Bank of India (RBI) has ordered banks acting as authorised dealers to limit their end‑of‑day open positions in the onshore rupee to $100 million.The domestic currency had slid to fresh lows amid widening trade gaps tied to the US-Israel and Iran conflict.The central bank mandated that commercial banks must implement the daily cap by April 10, adding that the regulator may set diffe…
Mumbai, March 25 (IANS) India is at the cusp of a new investment upcycle and domestic equities are currently trading at fair valuations relative to global peers, a new report showed on Wednesday.Nifty 50 is at approximately 20 time P/E (Price-to-Earnings) — below its recent historical averages. The valuation comfort is supported by robust macroeconomic fundamentals, including expected GDP growth of 7.3–7.5 per cent and steady earnings expansion, according to the report by Emkay Global Financ…
New Delhi, March 24 (IANS) A smart recovery is likely in Indian markets as the crude overhang wanes and price‑earnings (P/E) premiums contract, a report said on Tuesday.Emkay Global Financial Services, in its report, projected the Indian rupee to bounce back toward Rs 91 per US dollar and the 10‑year government bond yield to ease to about 6.65 per cent from 6.83 per cent currently, with normalisation taking two to three months.”The Nifty fell 5 per cent in the last three trading sessions, pr…
Mumbai, March 1 (IANS) Foreign portfolio investors (FPIs) made a strong comeback to Indian equities in February, investing Rs 22,615 crore. This marks the highest monthly inflow in the past 17 months and comes after three straight months of heavy selling.The fresh buying was supported by positive developments such as the interim India-US trade deal, correction in domestic market valuations and strong third-quarter corporate earnings. The renewed confidence helped reverse the recent trend of outf…
New Delhi, Feb 12 (IANS) Economists on Thursday said that they do not expect the new CPI inflation series to materially influence policy in the near term.The headline CPI inflation printed at 2.75 per cent in January 2026 as per the new CPI series (base year 2024), well below the mid-point of the RBI MPC’s target range of 2 per cent-6 per cent.“We do not expect the new inflation series to materially influence policy in the near term. An extended rate pause looks likely, underpinned by a cycl…