Mumbai, July 17 (IANS) Indian equity benchmarks ended sharply higher on Friday, supported by strong buying in private banking, information technology and auto stocks.The Sensex rallied 964.58 points, or 1.25 per cent, to close at 78,151.45. The Nifty also ended firmly in the green, rising 261.55 points, or 1.09 per cent, to settle at 24,334.30.Commenting on Nifty technical outlook, experts said that the 24,400 level remains the immediate resistance and coincides with the 200-day Exponential Movi…
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New Delhi, July 6 (IANS) India’s macroeconomic and growth outlook has improved as lower oil prices, easing foreign portfolio investment (FPI) outflows and attractive valuations in rupee assets strengthened the country’s macro fundamentals, a report said.”RBI is likely to remain growth supportive with liquidity support. Yields are likely to fall over time. With available excess capacity and a demand revival shaping up, it is possible that India’s growth outlook improves from here,” the report fro…
New Delhi, Jan 17 (IANS) Indian households saw a massive jump in their wealth in 2025, driven mainly by a sharp rise in gold prices, a new report has said.The data compiled by HDFC Mutual Fund Yearbook 2026 said household wealth increased by nearly Rs 117 lakh crore, or about $1.3 trillion, during the calendar year, creating a strong spending buffer for families.The fund house said this was the highest wealth gain from gold price appreciation in the last 25 years.Gold prices rose by around Rs 57…
Mumbai, Dec 26 (IANS) The foreign investors’ inflows in the Indian domestic equities is bouncing back and the long-term outlook for markets is robust, a report showed on Friday.The weakness in the rupee may keep foreign portfolio investors (FPIs) away, with a return expected only after the currency stabilises for an extended spell (1-2 months), according to the note by Emkay Global Financial Services.“However, we believe this is a temporary wobble. The long-term outlook for domestic flows is…