Sensex, Nifty outlook for tomorrow: Stock indices give up gains – Bulls losing edge?

Market outlook: While there are no immediate signs of weakness, a fresh leg of momentum would require a decisive breakout, which could pave the way for the next phase of the rally. Stock market outlook for Friday, April 17: Benchmark indices Sensex and Nifty gave up morning gains to settle in the red on Thursday.…

Emkay Global initiates on Avenue Supermarts with ‘Sell’, sees 16% downside

DMart is unlikely to see meaningful same-store sales growth improvement, except for seasonal fluctuations and possible price hikes by brands, given the competitive intensity in the sector Emkay Global has initiated coverage on Avenue Supermarts, operating as DMart, with a ‘Sell’ rating, citing concerns over limited total addressable market (TAM) expansion, rising competition from quick…

ADB says India’s GDP growth to moderate to 6.9% in current fiscal before accelerating to 7.3% next year

ADB said the moderation in growth is on account of heightened global uncertainty due to the West Asia conflict, higher energy prices and volatile trade and financial conditions. The Asian Development Bank (ADB) projects India’s gross domestic product growth will ease to 6.9% in the current fiscal year from 7.6% in the previous year before…

RBI holds repo rate at 5.25%: What it means for home loan borrowers and EMIs

RBI holds the repo rate at 5.25%, providing stability for home loan borrowers. This will ensure predictable EMIs, clarity and potential interest savings amid global economic uncertainties. The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.25%, marking its second consecutive pause. While this may seem routine, the context is far…

Global oil prices up 3% as Iran war escalates, Yemen’s Houthis launch attacks on Israel

Crude oil rose over 3% as Yemen’s Houthis launched missile and drone attacks on Israel, raising fresh supply concerns at key global choke points and heightening risks for import-dependent India. International crude oil prices rose more than 3% on Monday morning as the West Asia war escalated, with Yemen’s Houthi militants opening a new front…