Daily Market Analysis – 26th Apr 2021
Steel Industry & Its Impact on Indian Economy Overview of the sector: India was the world’s second-largest steel producer in 2019. India surpassed Japan to become the world’s second-largest steel producer in 2019 with crude steel production of 111.2 million tonnes (MT). The country is ending FY21 with a total steel consumption of around 95-97 million tonnes of steel which is...
Daily Market Analysis – 23rd Apr 2021
S&P 500 Index down 1% on 22nd April. The Dow Jones Industrial Average and NASDAQ Composite both moved backwards – Joe Biden is seeking to raise taxes on millionaire investors to fund education and another spending on welfare to recover the U.S. economy. Biden is proposing to increase the capital gains tax to 39.6% for those Americans earning more than $1 million. The...
Daily Market Analysis – 22nd Apr 2021
Auto Industry & Its Impact On Indian Economy – India became the fourth largest auto market in 2019 displacing Germany with about 3.99 million units sold in passenger & commercial vehicles categories. India is expected to displace Japan as the third-largest auto market by 2021. Our country is also a prominent auto exporter and has strong export growth expectations for the near...
Daily Market Analysis – 21st Apr 2021
Foreign Trade Policy: The government on Wednesday extended the existing foreign trade policy (FTP) for six more months amid the coronavirus outbreak. The current policy will now be valid up to September 30, 2021. The foreign trade policy is essentially a set of guidelines for the import and export of goods and services. Covid-19 was catastrophic for international trade. Exports...
Daily Market Analysis – 20th Apr 2021
Market Analysis on Banking Sector HDFC Bank India’s largest private sector lender HDFC Bank today reported an 18.2 percent year-on-year rise in net profit to Rs 8,186.51 crore for the quarter ended March. The lender reported a net interest income of Rs 17,120.2 crore, up 12.6 percent from a year-ago quarter. Analysts had expected the bank to report a 23 percent year-on-year rise in...
Daily Market Analysis – 16th Apr 2021
Market Analysis – Indian Pharmaceutical Industry According to Global Market Estimates, the Indian API market will grow rapidly at a CAGR of 8.57% during the 2020-2026 phase. The Indian drug industry is the world’s third-biggest and as far as volume is concerned then it’s the thirteenth biggest industry. The rapidly increasing rate of persistent infections, along with the rising...
Daily Market Analysis – 28th Sept 2020
NEWS CAPSULES UK’s Vodafone Group Plc. has won an international arbitration against the Indian government over retrospective tax demand of ₹20,000 crores, in the Permanent Court of Arbitration in The Hague which has ruled that the Indian government’s imposition of tax liability on Vodafone is in breach of the investment treaty agreement of ‘fair and equitable treatment,...
