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Jefferies and other brokerages provide optimistic recommendations on companies like Reliance Industries, Nuvoco Vistas Corp, Star Health & Allied Insurance, IndusInd Bank, and Macrotech Developers. The positive outlook is based on growth prospects, operational improvements, and strategic plans, highlighting potential gains for investors despite some near-term challenges.from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hf38lyI
The sensex fell 1.6% due to weak December quarter results, indicating an economic slowdown. Major sectors ended in the red, with banks and consumer sectors leading declines. Disappointing corporate earnings, global uncertainties, and a weak rupee contributed to investor concerns, while long-term growth optimism remains positive.
In November 2024, central banks globally increased their gold reserves by a total of 53 tonnes. The Reserve Bank of India added 8 tonnes, becoming the second-largest buyer in 2024. Poland led with 21 tonnes, while other significant buyers included Uzbekistan, Kazakhstan, China, and Jordan.
Global central banks continued to bolster their gold reserves in November 2024, adding 53 tonnes collectively. India, the second-largest buyer of the year, increased its reserves to 876 tonnes. Poland led purchases with 21 tonnes. Other notable buyers included Uzbekistan, China, and Turkey. Conversely, Singapore and Finland saw reductions in their gold reserves.
Securitisation volumes in India surged by 80% year-on-year, reaching Rs 68,000 crore in the December quarter. ICRA revised its FY24 estimate to Rs 2.4 lakh crore. Growth was primarily driven by private banks, despite challenges in deposit growth and asset quality concerns in personal and unsecured business loans.
