In May, four days before the election results were announced, Rakesh Jhunjhunwala announced on this channel that India is witnessing the mother of all bull runs. Four months later, with a majority Modi government & falling crude prices, Rakesh is double bullish
Watch the real, royal and Rajathani Diwali with lot of traditions, customs, food and costumes.
Prime Minister Narendra Modi who is scheduled to spend this Diwali with the flood-hit victims of Jammu and Kashmir is also visiting the soldiers posted at Siachen Glacier.
According to the Reserve Bank of India, personal loans for consumer durable purchase rose a whopping 51 percent over last year.
Dealers claim to have seen a 15-20 percent rise in sales over last year. However, this year sales growth is being viewed very differently by different companies.
It has been a cracker of a festive season for organized retail with traditional and online stores vying for the consumer's attention. CNBC-TV18's Zahra Khan and Poornima Murali find out how the stakes stack up in this epic Diwali retail battle.
Hero Motocorp and Maruti Suzuki remain great stories from the auto space, says Jagdish Malkani, Member BSE and NSE.
Auto stocks topped the buying list among sectoral indices, up 3 percent as Hero Motocorp rallied 4 percent.
Veterans Ramesh Damani, Member of BSE, Samir Arora, Founder & Fund Manager of Helios Capital, and Manish Chokhani, Chairman, TPG Growth India, discuss their expectations from Samvat 2071
"We have seen an improvement in walk- ins and pent up demand is also helping," Prem Hinduja, MD, Tribhovandas Bhimji Zaveri said.
Sena leaders Anil and Subhash Desai returned to Mumbai on Tuesday night after meeting the BJP central leadership.
Hero, Bajaj Auto, Tata Motors,, Maruti Suzuki and L&T are top gainers in the Sensex. Among the losers are ONGC, Hindalco, NTPC, Coal India and ICICI Bank.
Kotak Mahindra Bank jumped nearly 5 percent on strong profitability and stable asset quality performance in Q2. Private sector lender's second quarter standalone profit after tax rose 26 percent year-on-year to Rs 444.5 crore led by strong other income and lower provisions.
The company is hoping to see a record 40-50 percent year-on-year growth in sales on October 21 which was Dhanteras, generally considered auspicious to make purchases.
Bullish on integrated media play, Quantum sees broad media companies to benefit from the uptick in economy.
The Indian rupee has opened at 61.15 a dollar, up 16 paise compared to previous day's closing value of 61.31 per dollar on hopes of strong trade in equity market.
The bulls are marching on as Dalal Street gears up for Diwali in style but are there more legs to this market rally. Latha Venkatesh spoke to market veterans Ramesh Damani, Samir Arora and Manish Chokhani to get their expectations from Samavat 2071.
"We are seeing a shift towards small jewellery, but there is also focus on medium and wedding class jewelry," RK Sharma ED & COO, PC Jeweller said.
Gold prices have already dropped around 8 percent and as of the October 19, prices in Bangalore stood at Rs 25,800 per 10 grams, against last year's all-time high of Rs 35,000. Reason enough for a marked spike in interest from the consumer.
In an interview to CNBC-TV18, Rakesh Biyani, Jjoing managing director, Future Group and Nilesh Gupta, managing partner, Vijay Sales share their outlook on this festive season and what it may mean in terms of sales.
BJP leaves both NCP and Shiv Sena guessing. Rajnath Singh will visit Mumbai as BJP observer along with senior leader JP Nadda to help MLAs choose the leader.
The Bank Nifty is at a lifetime high today outperforming the Nifty month-to-date in October with a gain of 6.7 percent in the month versus a 0.44 percent gain for the Nifty. HDFC Bank and PNB also trade higher ahead of Q2 earnings today.
Sesa Sterlite, NTPC, Hindalco, Cipla and Tata Steel are top gainers in the Sensex. Among the losers are ONGC, Coal India, HUL, M&M and Sun Pharma.
The Sensex climbed 321.32 points or 1.23 percent to close at 26429.85 and the Nifty jumped 99.70 points or 1.28 percent to 7879.40. The broader markets rallied too with the BSE Midcap gaining over a percent.
"Gold smuggling was highly profitable....but now with the drop in premiums and tight security, legal imports are increasing," said Milind Lanjewar, additional commissioner of customs intelligence at Mumbai international airport.