Indian economy

[ad_1] During FY24, stocks such as Tata Motors, Bajaj Auto, Adani Ports, Coal India, and Hero Motocorp witnessed extraordinary growth, with each of them vaulting over 100 per cent. Surprisingly, out of all Nifty 50 stocks, only two – Hindustan Unilever and HDFC Bank – concluded the fiscal year in the red, experiencing a decline of over 10 per cent each. Also Read: FY24 Review | Bajaj Auto, NTPC,…

[ad_1] This performance is particularly noteworthy given the pressure PSU stocks faced before embarking on their bullish momentum in 2020. The BSE PSU index, a barometer of public sector enterprises’ performance, zoomed from 9,497 points to 18,274 points, translating into a stellar gain of 92.4%.  The government’s accelerated capex spending, coupled with sector-specific reasons, has helped PSU stocks achieve record gains in FY24. In the recent interim budget (FY24-25),…

[ad_1] Former Finance Minister and Congress leader P Chidambaram has taken a swipe at the BJP-led Central government, saying that the Indian economy is in “severe distress”. Chidambaram said that the BJP’s claims about a “robust Indian economy” are false as overseas investment has dropped by 31%. The Congress leader said that foreign investors’ confidence in the Indian economy has declined. “BJP claims that the Indian economy is in…

[ad_1] Veteran American investor Jim Rogers is bullish about India and Indian equities and suggests people should invest in Indian equities if they want to be rich. “If you want to be rich, own equities. I would suggest people look at Indian equities if they want to be rich because there are lots of really smart Indians all over the world. If you can find some of those smart…

[ad_1] The timing and magnitude of potential rate cuts by the Fed remain uncertain, leaving questions about whether they will be modest or significant. Nevertheless, the indication that rate cuts are forthcoming still serves as a positive factor for the market, providing some clarity amidst the uncertainty. A big event is approaching now – the General Elections 2024. A seven-phase election will start on April 19 and continue until…