Cadila has 32 per cent market share in API hydroxychloroquine in the US.
On average, an Indian consumer spends about $80 or nearly ₹5,700 per month on discretionary items of which two-third is from urban regions and the balance from rural areas. It includes expenditure on clothing, footwear, household equipment, and recreation.
Passive funds track a benchmark index and allocate funds in the index stocks.
More than two-third of global equity markets have lost more than 20 per cent from their peaks.
Investors bullish on India’s consumption story are shifting away from discretionary spending companies.
Most non-economic events impacting asset prices across the globally in the past have usually triggered V-shaped recoveries.
The risk indicators seem stark, making reference to the 2008 subprime sinkhole more relevant.
OMCs derive nearly two-thirds of their gross operating profit from marketing margins.
The Nifty50 has traded at RSI below 30 on only 102 trading days out of a total 3,906 the past 16 years.
According to the Federal Bank of New York, the probability of a US recession next year is 25 per cent, the highest reading since 2008.
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