PSU stocks markets to fresh high after BJP wins Assembly polls

New Delhi (IANS) PSU stocks powered a monster rally of over 900 points on Monday to a fresh high after the BJP emerged victorious in the state Assembly polls in Madhya Pradesh, Rajasthan and Chhattisgarh.

BSE Sensex is up 928 points at 68,409…

Hiring in Indian IT services industry to remain muted over next 2-3 quarters

New Delhi (IANS) Hiring in the Indian IT services industry is expected to remain muted over the next two-three quarters amid slowdown in demand, with companies focusing on maintaining their profitability in the backdrop of lower revenue growth, a…

FPIs may turn sellers at higher market levels

New Delhi (IANS) Since overall market valuations have reached high levels, FPIs may turn sellers at higher market levels, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPIs have reversed their selling strategy…

'India as big gold buyer can play key role in world economic order'

New Delhi (IANS) India as the second-largest buyer of gold in the world can play a crucial role in the global economic order as central banks are still buying the precious metal in large quantities, Alok Kumar Choudhary, Managing Director, State Bank…

Uno Minda building land banks in TN, Pune and North India

Chennai (IANS) In order to set up additional capacities to meet the future demand, automotive ancillaries major Uno Minda Ltd is building land banks in different states, said a top company official.

The company has decided to go proactive,…

Market momentum pushes Sensex above 67K

New Delhi (IANS) The market momentum which pushed the Nifty up by 6 per cent in November is likely to be sustained since the incoming data and news are positive, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

SAIC Motor, JSW Group announce joint venture

New Delhi (IANS) SAIC Motor and the JSW Group on Thursday announced a strategic joint venture.

SAIC Motor is a global fortune 500 company with annual revenues of around US$ 110 billion and has a presence in over 100 countries while the JSW…

Nifty hits all-time high on strong GDP estimates

New Delhi (IANS) Nifty reached historic highs on Friday, with the mid-small cap segment also on the rise, fuelled by faster-than-expected economic growth in the September quarter and increased optimism regarding the global interest rate outlook, Shrey…

With India’s market cap to GDP ratio climbing to 1.2, valuations getting stretched

New Delhi (IANS) With India’s market cap touching $4 trillion and the market cap GDP ratio climbing to 1.2, valuations are getting stretched, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. But in the short run, the…

Analysts sound alarm as 'lot of gambling happening in low grade stocks'

New Delhi (IANS) There is a lot of gambling happening in the market now in low grade stocks and these should be avoided, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Investors should take cues from the wisdom…