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Analyzing the US dollar index, the daily chart immediately reveals a squeeze following the weakening of the downward momentum.

Volvo Car India on Monday said it has increased prices of its conventional engine vehicles by 2 per cent but has kept the prices of its electric vehicles unchanged. Following the price hike of internal combustion engine (ICE) vehicles, the XC60 is now priced at Rs 68.9 lakh, the S90 at Rs 68.25 lakh and the XC90 at Rs 1,00,89,000, Volvo Car India said in a statement.

«The setup for 2023 was very powerful as its previous calendar year witnessed only 10 new 52-week highs, while for 2024, its previous calendar year saw a staggering 29 new 52-week highs. Today markets opened at new lifetime highs marking the second new lifetime high in just 15 days of calendar year 2024,» said Paras Matalia of SAMCO Mutual Fund. While shares of heavyweight RIL (Reliance Industries) have been giving support to Nifty with 8% upside in just 4 trading sessions, the rally in 2024 has been largely led by uptick in the IT index with growing optimism about increased discretionary spending and strong deal wins. «The US bond yield edged lower as market participants bet on the Fed easing cycle, which is expected to start in March. Investors are likely to take a more measured approach due to the release of Chinese GDP and UK inflation data this week,» Vinod Nair, Head of Research, Geojit Financial Services, said. After buying Indian equities worth over Rs 66,000 crore in December, foreign institutional investors or FIIs have been net buyers to the tune of Rs 11,000 crore in the first two weeks of the calendar year. While anticipated rate cuts this year are expected to further fuel the rally till the Lok Sabha elections, analysts warn of intermittent volatility especially due to Budget and occasional profit booking. «The recent upswing warrants a certain degree of caution as, many times, such sharp rallies do not sustain. Thus, we believe that the near-term view will be cautious and suggest profit booking in areas of exuberance, especially in the smallcap space,» Pranav Haridasan, MD and CEO at Axis Securities.

₹8.3 lakh) or more—has grown nearly 12 times faster than the overall population in four years starting 2019-20, according to a Goldman Sachs report released last week. The report estimated that the number of such individuals will top 100 million in just three years’ time if the pace of growth seen in the last four years sustains (the current number is estimated at around 60 million).

₹51,000 crore on December 28, 2023. The participation of retail investors also remained strong in the futures & options segment, driven by the launch of new index options, miniaturization of contracts/lot sizes, and separate weekly expiries for each index option, said ICRA.

₹4.23 trillion annually. Such a dedicated body would streamline the currently fragmented regulatory framework, simplifying compliance and fostering growth, it said.

Investing.com-- Most Asian stocks rose past early weakness on Monday as traders maintained bets that the Federal Reserve will cut interest rates early, with Japanese markets extending a rally to 34-year highs.

Narendra Modi on Monday released the first instalment of ₹540 crore to one lakh beneficiaries of rural housing scheme under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN). PM Modi conducted the event via video conferencing.

₹906.70 apiece on BSE. Just Dial stock price touched an intraday high of ₹945.80 and a low of ₹888.95 apiece. According to Ruchit Jain, lead research analyst at 5paisa, Just Dial stock has recently seen an upmove but is trading around its hurdle, which is in the range of 950–950.

Sheersham Gupta, Director and Senior Technical Analyst at Rupeezy, believes keeping the elections in mind, one can expect a populist budget. In an interview with MintGenie, he advised investors to create a position in the agriculture, infra, and real estate sectors. One can look to book some profit in small-cap and mid-cap space and create positions on the large-cap, real estate-related companies, and debt, he added.

rural housing scheme under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM-JANMAN) via video conferencing. During the event, Modi interacted with some beneficiaries of PM-JANMAN as they highlighted the positive changes in their lives after they availed of government schemes to get access to cooking gas connection, electricity, piped water and housing.

Geojit Financial Services observed that the current rally in the market, primarily driven by momentum, is now getting support from fundamentals. He said the sharp bounce in large-cap IT stocks on the back of slightly positive management commentary indicates that an underperforming segment can surprise on the upside on news of a turnaround in the sector. Also Read: Nifty 50 advances for 5th straight session, crosses 22,000 mark for first time; Wipro, Infosys, TCS among major gainers Vijayakumar further added that the Nifty has broken out on the upside from the consolidation range and it shows signs of a further up move.

Mahindra Group and Canadian fund -Ontario Teachers’ Pension Plan Board (Ontario Teachers’), have listed their Infrastructure Investment Trust (InvIT) in the renewable energy space. The InvIT — Sustainable Energy Infra Trust (SEIT), has raised primary capital of Rs. 1365 crore ($165 Million) as part of the initial offer of units (offer), satated a company release.

Wipro. The Nifty 50 hit the 22,000 mark for the first time, setting its fresh peak of 22,081.95 while the Sensex scaled its fresh record high of 73,288.78 during the session.

Adani Power, Jindal Power and Vedanta Ltd are among a dozen companies that have expressed interest in acquiring IL&FS Tamil Nadu Power Corporation (ITPCL), one of the biggest assets under the IL&FS portfolio with debt of nearly Rs 10,000 crore. IL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS Energy Development Company (80%) and the group holding company (12%). This asset has two coal-based power plants with 1,200 MW capacity in Cuddalore with the potential to add nearly 2,000 MW more, a captive jetty adjacent to the plant, and a captive coal mine in Indonesia. Adani Power and Jindal Power are also competing against each other for Lanco Amarkantak, which has two units of 300 MW operational and two units of 600 MW under construction. Vedanta Ltd had last year acquired a 1,000 MW coal-based thermal power plant for ?1,440 crore under the Insolvency and Bankruptcy Code (IBC). Spokespersons of Adani, Vedanta and Jindal Power did not immediately respond to requests for comment. Other bidders for ITPCL include some non-banking financial companies (NBFCs), alternative investment funds (AIFs) and power companies. An IL&FS spokesperson said assessment of bidder eligibility is in progress.

Mint, the soft-spoken Krithivasan came across as guarded. Under his watch, TCS has done better than smaller rival Infosys Ltd for two straight quarters, with the boss sharing that the company is now focusing more on growth and expects the next financial year to be better than the current one. Edited excerpts: I can talk only about TCS and not about other companies.

₹45 lakh for affordable housing, in the metros, and a further increase in Mumbai, experts said. (Affordable housing is defined as a house or apartment valued up to ₹45 lakh, with a carpet area of up to 90 square metres, located in non-metros and villages, and 60 square metres in large cities.) “…Raising the limit from ₹45 lakh to ₹1 crore for metro city home buyers will significantly benefit the affordable housing segment, making homes more accessible," said Pritam Chivukula, vice-president of industry body Confederation of Real Estate Developers’ Association of India- (Maharashtra Chamber of Housing Industry (Credai-MCHI). Around 476,530 residential units were sold in 2023 compared to 364,870 units in 2022, according to Anarock Property Consultants.

₹20,000 crore as part of the borrowing programme for fiscal year 2025 (FY25), two people aware of the matter said. A large chunk of these bonds may be sold in the second half of the next fiscal year, one of the two people said. Green bonds address the funding requirements for projects in solar, wind and hydropower sectors.

Edited excerpts: At the moment, the Indian banking sector remains resilient and robust. Even if you look at the unsecured consumer loans and some segments of personal loans, the numbers that we have before us are not particularly alarming. Even the NPA numbers are also within reasonable limits.