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Nifty to hit 42,000 by 2028? New paper that studied market cycles says it's possible if these factors align
A CNI InfoXchange study projects the Nifty could surpass 42,000 by 2028 if sustained foreign investor inflows return. The report highlights stronger domestic liquidity, resilient equity markets, robust GDP growth prospects, rising retail participation, and India’s increasing weight in global emerging market indices.
Very small rise in fuel price revision: Indian Oil chief says company working round the clock to ensure full capacity availability
Indian Oil refineries are running at over 100 percent capacity. This ensures no fuel shortage at retail outlets. Prices for petrol and diesel have seen a small increase. The company is also focusing on alternative energy. Two hydrogen-powered buses have been provided to Delhi Metro. These buses offer zero emissions.
A Rs 3 hike makes India’s inflation battle somewhat harder
Indian Oil Marketing Companies have increased petrol and diesel prices by Rs 3 per litre each, and CNG by Rs 2/kg, following daily losses of Rs 1,000-1,200 crore due to the Iran war. This move is expected to add inflationary pressure, impacting transportation, logistics, and retail goods costs.
Crypto futures explained: How exchanges are expanding offerings in India
India crypto exchanges expand into futures and cross asset products, as Giottus and WazirX add equity and commodity linked contracts for retail traders.
Emerging Currencies Dip as US Retail Data Boosts Dollar
Most emerging-market currencies fell Thursday on the back of a stronger dollar after US retail sales signaled consumer resilience in the world’s largest economy despite sharply higher gasoline prices.
Gold, silver rates today: Comex gold drops $35/oz; silver tumbles $5/oz amid stronger dollar, rate fears
Precious metals fell on 14 May as traders hesitated amid geopolitical tensions and a strengthening US dollar. Gold dropped $35 to $4,671, while silver fell $5 to $84.36, though it remained above $80. Retail sales rose, indicating consumer resilience despite rising inflation.
Retail investors hold equity assets equal to 10% of U.S. market cap: Goldman By Investing.com - Investing.com India
Retail investors hold equity assets equal to 10% of U.S. market cap: Goldman By Investing.comInvesting.com India
P N Gadgil Jewellers Q4 Results: Net profit jumps 45% to ₹90 crore, revenue rises 123%; margins contract sharply
P N Gadgil Jewellers saw strong growth in revenue and profit for the March quarter, with consolidated revenue up 123.2% YoY to ₹354.4 crore. However, margins contracted sharply. The company expanded its retail presence to 78 stores, aiming for pan-India leadership.
Vishal Mega Mart Q4 Results: Net profit jumps 46%, margins contract slightly
Vishal Mega Mart operated 795 stores across 535 cities, covering a total retail area of 13.45 million square feet. The company said that it is closely monitoring the macroeconomic environment and evolving geopolitical developments.
DXY hovers around 98.50 mark; Trump-Xi meeting outcome awaited
The dollar index continues to hover around 98.50 mark on Thursday after US data reinforced inflationary pressures and higher interest rate scenario for longer. Accelerating inflationary pressures in the United States economy amid higher energy prices have for now ruled out possibility of any rate cut. Data released by the US Bureau of Labor Statistics on Wednesday showed that the US Producer Price Index (PPI) jumped by 6.0% on year in April, following the 4.3% seen in March. US wholesale inflation accelerated at its fastest annual pace in four years. Meanwhile, investors stay watchfully cautious ahead of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing. Investors will also focus on the US retail sales data for April due later today.
Adani Enterprises shares hit 52-week high after equity ₹1,435 crore changes hands in block deal
As many as 6.4 lakh retail shareholders or those with authorized share capital of up to ₹2 lakh, have a 3.07% stake in Adani Enterprises at the end of the March quarter.
Zydus Life Share Buyback: All you need to know as a shareholder
As many as 4.01 lakh retail investors, or those with authorized share capital of up to ₹2 lakh, had a 4.8% stake in Zydus Life at the end of the March quarter.