Zomato shares are set to be in the spotlight today as the food delivery giant achieves a huge milestone, becoming the first new-age tech company to join the BSE Sensex’s 30-share index. Brokerage firm Nuvama has estimated inflows of $513 million into Zomato due to its inclusion in the Sensex, while JSW Steel may see outflows of $252 million. Brokerage …
The Indian stock market is witnessing a sharp correction and the benchmark Nifty 50 index has dropped more than 4% from its record high level. Indian equities are likely to trade with a downward bias ahead of general elections results, but analysts do not expect a prolonged correction with the market expected to offer buy-on-dip opportunities. Premal Kamdar, Analyst at …
A salesman introduces a residential project to potential homebuyers in Taiyuan, Shanxi province. WEI LIANG/CHINA NEWS SERVICE China's real estate market will require close monitoring by policymakers, and if there is no marked improvement, stronger efforts to mitigate the credit risks of developers and facilitation of potential debt restructuring will be required, experts said. Holding Xu Jiayin, founder and former …
Photo taken on July 29, 2022, shows buildings on both sides of the Huangpu River in Shanghai. Multinational investment bank and financial services company UBS is bullish on the Chinese market, and the market's attraction will be strengthened this year, ThePaper reported on Tuesday. The consumption recovery in the Chinese market will drive companies' earnings rise, while a recession in …