Since FIIs are short in market, short covering is possibility

IANS | November 3, 2023 11:44 AM

New Delhi, Nov 3 (IANS) The positive global sentiments can embolden the bulls in India to stage a comeback. Since FIIs are short in the market, short covering is a possibility, V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Equity markets impacted more by spike in US bond yields than Israel-Hamas conflict

IANS | November 1, 2023 11:25 AM

New Delhi, Nov 1 (IANS) With the ground war in Gaza intensifying, uncertainty surrounding the West Asian crisis is at its peak. It's not known how and when this war will end and what the consequences will be. Therefore, investors should continue with a cautious strategy, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Global gold demand plunges, India bucks trend with double digit growth

IANS | October 31, 2023 12:59 PM

New Delhi, Oct 31 (IANS) The global demand for gold fell by 6 per cent to 1,147.5 tonnes during the third quarter of 2023 amid slowing demand for bars and coins and reduced buying from central banks, according to the World Gold Council’s (WGC) report released on Tuesday.

Markets climbing wall of worry

IANS | October 31, 2023 11:39 AM

New Delhi, Oct 31 (IANS) Buy on dips is the strategy that has worked well in this highly volatile market. In spite of multiple crises, risks and uncertainties, the market has been bouncing back smartly as evidenced by the 290 point rally in Nifty in the last two days, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Market sentiment remains cautious amid West Asia crisis

IANS | October 29, 2023 11:18 AM

New Delhi, Oct 29 (IANS) In the short-term, market sentiment remains cautious with investors closely monitoring developments in West Asia, upcoming corporate earnings, and key economic data, including domestic PMI figures to be announced, says Vinod Nair, Head of Research at Geojit Financial Services.

Maruti Suzuki Q2 profit vrooms to Rs 3,716.5 cr

IANS | October 27, 2023 2:19 PM

Chennai, Oct 27 (IANS) India’s largest car maker Maruti Suzuki India Ltd on Friday said it had closed the second quarter of FY24 with an after tax profit of Rs 3,716.5 crore.