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The S&P BSE Sensex started on a strong note on Monday, led by gains in ICICI Bank, RIL, Sun Pharma, Tata Motors, and L&T. The Nifty50 was trading above its crucial psychological level of 7850, supported by gains in auto, banks, capital goods, metal, and oil & gas stocks.Taking its winning streak to eighth trading session, the rupee advanced 11 paise to 66.10 against the US dollar in early trade on Monday, despite mixed cues from other Asian markets.
Recently the RBI governor Raghuram Rajan warned corporate India against taking on too much debt. The problem is indeed serious. Many corporate houses got into trouble during the last few years. They blamed the economic slowdown for their woes. In reality, the root cause of their problems was debt or rather too much of it.
The S&P BSE Sensex started on a strong note on Monday, led by gains in ICICI Bank, RIL, Sun Pharma, Tata Motors, and L&T. The Nifty50 was trading above its crucial psychological level of 7850, supported by gains in auto, banks, capital goods, metal, and oil & gas stocks.Taking its winning streak to eighth trading session, the rupee advanced 11 paise to 66.10 against the US dollar in early trade on Monday, despite mixed cues from other Asian markets. Recently the RBI governor Raghuram Rajan warned corporate India against taking on too much debt. The problem is indeed serious. Many corporate houses got into trouble during the last few years. They blamed the economic slowdown for their woes. In reality, the root cause of their problems was debt or rather too much of it.
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