Steel stocks have witnessed a strong recovery since the lows of February. Furthermore, the balance in demand and supply has favored Indian companies. Additionally, dipping coking coal prices and rising domestic steel prices lay the ground for profits for Indian steel manufacturers. Moreover, the depleting geopolitical crisis reduced European steel supplies from Ukraine and Russia.
March quarter earnings are likely to grow due to gas, financials, and oil. However, costs may impede the rest of the sector’s earnings. Additionally, despite a rise in demand this quarter, manufacturers suffer at the hands of high oil and gas prices and rising commodity prices. The current Russia-Ukraine crisis further challenges India Inc this
The Sri Lankan crisis rendered the Sri Lankans stock the world’s worst performer by sliding to 33%. The Sri Lanka Colombo Stock Exchange All Share Index declined rapidly in wake of the nationwide protests. In 2021 the market that rallied 80% – making it the world’s best performer after Mongolia is now severely damaged due
The ceasefire talks between Russia and Ukraine rallied Sensex and Nifty by 1.28% and 1%. The Indian stock market had extended gains for the third consecutive session as geopolitical uncertainties plague the near-term outlook for equities. Furthermore, a decline in crude oil prices is a welcomed relief, and Indian markets gained support from profits in
Axis Bank Mutual Funds, being among the top fund management companies in India, provides a diverse variety of fund alternatives, including hybrid, equities, money market, and debt funds, to meet the diverse investment demands of its investors across all asset classes. Axis Mutual Funds, as a fantastic investment choice, provides you with the potential to
Manchester United plc (NYSE:MANU) founded in 1878, an Old Trafford, Stretford-based sports teams and clubs company worth $2.0 billion market capitalization. The company spearheaded by CEO David Gill makes for an excellent investment. Furthermore, since the beginning of 2022, Manchester United plc (NYSE:MANU) delivered -12.15% in return and the 12-month return dipped by -33.74%. However,
Indian investors can now trade in eight US stocks via NSE IFSC. This platform allows Indians to invest in US stocks at a low cost as an additional investment opportunity. The eight US stocks trading on the exchange include Amazon, Tesla, Microsoft, and Alphabet. March 3 marks a new chapter for the Indian stock market,
The world is in shock as Russia launches armed forces on Ukraine. Due to the recent crisis, Indian markets are witnessing a massive selloff. However, despite the market on a rocky mountain, serious market investors should not deter. Furthermore, Nitasha Shankar from Yes Securities says the constant movement of investments would likely result in excessive
Before the SEBI issued an order against former NSE MD and CEO Chitra Ramkrishna, foreign investors cut exposure to NSE in January. The former NSE MD and CEO charged with sharing sensitive, confidential information with an ‘unknown yogi from the Himalayas’ caused a flurry of activity in NSE. Foreign investors cut exposure to NSE Almost
On Tuesday, various companies and their stocks made headlines in after-hour tradings. Below is the list of companies that soared and slipped on the stock market. Wynn Resorts As the hotel company missed its earnings estimates for the fourth quarter, its stock slipped more than 2%. Wynn Resorts lost $1.37 per share, excluding items, more
