Tag: Indian
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Indian equities touched all-time highs in 2023 – What’s in store for 2024?
Sensex, the benchmark equity index, closed at an all time high of 70,514.2 on December 14, 2023 which translates into a 16 percent annual return. This comes after the Sensex doubled between March 2020 (29,468), post-COVID correction and December 2022 (60,840) in 2.75 years. 2023: Strong Buying By FIIs, Domestic MFs Story continues below Advertisement…
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Indian markets achieve 7th straight week of gains, hit fresh milestones
December 16, 2023 / 09:30 AM IST Indian markets extended their winning streak for the seventh consecutive week with benchmarks hitting new lifetime highs in the week ended December 15 led by positive global as well as domestic cues, including dovish Fed stance, FII buying, better macro data, and, no change in the policy rates…
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Capex revival presents long-term investment opportunities in Indian equities: Kotak AMC CIO
The robust capital expenditure revival cycle is expected to be the prevailing investment theme shaping the trajectory of Indian equities markets in 2024, offering long-term investment opportunities in sectors including defence, infrastructure, railways, and others, according to Harsha Upadhyaya, CIO – Equity, Kotak AMC. The optimism extends towards substantial capex expected in the coming 5-6 years,…
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Subros shares surge 13% on Rs 25-crore order from Indian Railways
Coach air conditioners are in accordance with Subros’ strategy to expand its business in the railway electric mobility segment Shares of Subros surged 13 percent on December 11 after the company bagged a contract worth about Rs 25 crore from the Indian Railways for the delivery and commissioning of coach roof-mounted air-conditioners in a recently…