December 7, 2023 New Delhi, India Rupee Under Pressure The Indian Rupee (INR) faced downward pressure as the US Dollar (USD) strengthened, with attention focused on the Reserve Bank of India’s (RBI) upcoming monetary policy decision. Anticipation surrounds the likelihood of the RBI maintaining the repo rate at 6.5%, considering factors such as elevated inflation,…
December 4, 2023 New Delhi, India Foreign Portfolio Investors Foreign Portfolio Investors (FPIs) have rekindled their interest in Indian financial markets, injecting substantial funds into both equities and debt during November. Equity Market Revival: In a surprising turnaround, FPIs pumped Rs 9,000 crore into Indian equities last month, bouncing back from two months of net…
November 9, 2023 New Delhi, India Indian Stock Market Overview The Indian stock market encountered a day of mixed trends, characterized by a downturn in key indices—Sensex and Nifty. Various factors contributed to this scenario, including external influences and internal market dynamics. Sensex and Nifty: Decline Amid Global Factors The Sensex experienced a decline of…
November 8, 2023 New Delhi, India Stock Market Closes The Indian stock market concluded a session of marginal gains, showcasing a nuanced upward trajectory influenced by various sector performances and global market cues. This comprehensive analysis delves into the recent trends, factors impacting the market, and notable stock-specific movements. Nifty and Sensex both have shown…
October 30, 2023 New Delhi, India Reliance Industries Q2 Highlights In a remarkable financial performance for the second quarter of fiscal year 2024, Reliance Industries Ltd (RIL) reported a consolidated net profit of Rs 19,878 crore, showcasing a substantial 30 percent year-on-year growth. The success in this quarter can be attributed to key growth drivers…
October 25, 2023 New Delhi, India Indian Stock Market Falling Today Nifty and Sensex Decline The Indian stock market commenced the day with a promising gap-up opening, only to experience a significant downturn as trading progressed. All major indices witnessed pronounced sell-offs. The BSE Sensex initially displayed a positive trend, opening at 64,619, but later…
October 20. 2023 New Delhi, India Indian Stock Market Slumps as Global Factors Weigh Heavily The Indian stock market is grappling with a significant decline as it faces a perfect storm of challenges. The Nifty and Sensex indices both fell, with all sectors experiencing a bearish trend. Here’s a breakdown of the key factors contributing…
October 12, 2023 New Delhi, India USDINR The Producer Price Index, which measures the costs for finished goods, rose by 0.5% in the latest month, exceeding the Dow Jones estimate of a 0.3% increase, as reported by the Labor Department. This increase was less than the 0.7% rise observed in August. Meanwhile, the dollar index…
October 11, 2023 New Delhi, India USDINR Tomorrow, the United States Consumer Price Index (MoM) is set to be released. This data holds significant importance for traders as it aligns with the U.S. Federal Reserve’s dual mandate, which aims to maintain price stability and maximum employment. Inflation has been a key concern, with a…
New Delhi, India October 10, 2023 Israel-Hamas Conflict In the heart of the Middle East, a crisis of immense proportions is unfolding. The Israel-Hamas conflict, marked by a surprise attack by Hamas, a Palestinian militant group, has resulted in a tragic loss of life and escalated geopolitical tensions. Human Toll: A Devastating Reality The…
