Source: NSE, Nifty50 at closing prices on March 15
Tech Mahindra is the best performing stock among its IT peers. One of the reasons is its latest acquisition Hyderabad-based Perigord. Tech Mahindra has bought up 70% stake to acquire the leading supplier of consultancy and labelling artwork solutions to the global pharmaceutical industry.
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But the cumulatively strength of the industry to stay in the green has more to do with the hopes of a stronger dollar. Like India, the US is currently caught in the conundrum of chasing growth and rising prices.
Investors in the US and Europe are on an earning streak, parking their funds in government securities at near-zero interest rates and making even more in emerging markets like India. But these low interest rates are not likely to last forever.
Premarket stocks: Corporate America s earnings recession is over cnn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnn.com Daily Mail and Mail on Sunday newspapers.
Gold price plummeted by Rs 470 to Rs 44,900 per 10 gm on Friday, while
Silver price slipped by Rs 1,700 to trend at Rs 66,200 per kg, according to the Good Returns website.
Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. In New Delhi, the price of 22-carat gold slipped by Rs 650 to Rs 43,950 per 10 gm, while in Chennai it inched down by Rs 470 to Rs 42,170. In Mumbai, the rate fell to Rs 43,900, according to the website. The price of 24-carat gold in Chennai also decreased by Rs 500 to retail at Rs 46,020 per 10 gm.