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A cyclical stock are those stocks which follow the overall economy and these stocks rise during an expansion of the economy and decline during a contraction of the economy.Cyclical stock tend to gain in value when production and consumption are ...
Steel industry is expected to grow during the current fiscal with production increasing by 3-5% and the consumption rising by 9-10%, according to CareEdge report. CareEdge said that the steel production grew by 6.4% and consumption rose by 11.4% from ...
The Reserve Bank of India raised the repo rate by 50 basis points (bps) to 5.9% in the recently concluded MPC meeting to tame inflation. The RBI’s monetary policy committee (MPC) expects uncertainty surrounding the course of geopolitical conditions to ...
The Indian economy is likely to grow at 6.8-7% in FY23 compared to earlier estimates of 7.1%, according to CareEdge Ratings. The Indian economy witnessed a growth of 13.5% in Q1FY23 compared to a growth of 4.1% in Q4FY22, due ...
Data released by India’s government agencies showed inflation being at elevated levels due to rising food inflation and unfavourable base.India’s benchmark inflation rate, measured by the Consumer Price Index (CPI) rose to a seven-month high of 6.01 per cent on ...
India’s central bank concluded its three-day monetary policy meeting on Feb 10. The Monetary Policy Committee (MPC) kept key interest rates unchanged and maintained an accommodative policy stance.The Reserve Bank of India (RBI) Governor Shaktikanta Das said that the MPC ...
In recent times, stock markets have plunged due to inflation concerns and fears over an aggressive rate hike by the US central bank. This will force other central banks in the world to follow suit. This pain is going to ...
A few economic data were released recently that showed the rate at which India’s economy rebounded slowed down, while retail inflation increased weighing on the country’s growth. Both manufacturing and services sectors were affected by rising input costs.Even data released ...
Recently released macro economic data on India points to a strong recovery across various sectors and the economy is expected to expand in the coming months.IHS Markit released India’s manufacturing and services PMI data for the month of September. The data ...
India’s inflation measured by Wholesale Price Index rose to 11.39% in August on a year-on-year basis, due to higher prices of manufactured goods, according to data released by the Ministry of Commerce and Industry. It stood at 11.16% in July ...