Yet, it is also home to one of the largest and fastest-growing populations of billionaires in the world. With 200 billionaires in 2024, according to Forbes magazine, India ranks third globally in its billionaire count, trailing only the US and China. This anomaly—of a high number of billionaires co-existing with low average income—raises critical questions…
Buy or sell: The week saw the Nifty consolidating within the 23,300-23,700 range, closing on a flat note. The key highlight was the Reserve Bank of India’s (RBI) monetary policy announcement under the new RBI Chief, Sanjay Malhotra. The Monetary Policy Committee (MPC) unanimously decided to reduce the policy repo rate by 25 basis points…
Buy or sell: This week, the Nifty index witnessed a remarkable rally of nearly 1,000 points, surging from 22,700 to 23,700. The primary catalyst behind this uptrend was the Union Budget 2025, which focused on boosting consumption in the economy. The budget introduced several favorable measures for middle-income salaried individuals, increasing disposable income and thereby…
The combined market capitalization of five of the top-10 most-valued companies fell by â‚ą1,85,952.31 crore last week, with HDFC Bank experiencing the largest decline, aligning with a weak trend in the domestic stock market. During the same period, the BSE Sensex dropped 1,844.2 points (2.32 per cent), while the Nifty index shed 573.25 points (2.38…
