September 26, 2023 New Delhi, India Today’s Market Update The Indian stock market displayed a muted performance on Tuesday, with the benchmark Sensex shedding 65 points to close at 65,958, while the Nifty 50 ended just 2 points lower at 19,672. The market’s lackluster showing was attributed to a persistent wave of foreign fund selling,…
The Indian stock market experienced a day of mixed fortunes and heightened volatility on September 25, 2023. Here’s a comprehensive overview of the key events and trends that shaped the trading session: Yes bank share price drop Yes Bank, one of India’s prominent banking institutions, grabbed headlines as its shares plummeted amidst a looming financial…
New Delhi, India September 21, 2023 USDINR: The USD/INR pair appears to have a strong upward bias in last intra-day session. Support for the September futures contracts can be found at 83.20 and 83.05, while resistance is expected at 83.40 and 83.55. US bond yields at their highest since 2007 and selling pressure in Asian…
New Delhi, India September 13, 2023 USD/INR The USD/INR pair closed at 83.01, marking a minimal increase of 0.02% compared to the previous session’s close of 83.0025. It had a trading range between a high of 83.0350 and a low of 82.9375. The pair opened at 82.9700 and the spot rate ended at 82.9800. Market…
Date- September 6, 2023 Place- New Delhi, India USDINR : The USDINR currency pair exhibited minimal movement in the Asian forex market today, opening at 83.0125. Traders are closely monitoring this pair in anticipation of an irregular event involving the Treasury Committee’s examination of government policies, including those of the Bank of England, scheduled for…
Global stock markets, as evidenced by the MSCI All Country stock index (ACWI) tracking shares in nearly 50 countries, experienced a rise of 0.72% to 705.13 points on Friday, marking a nearly 17% gain year-to-date. This followed the Bank of Japan’s decision to modify its expansive monetary policy, aligning more closely with other major central…
On the upcoming Monday, all eyes will be on Reliance Industries Limited (RIL) as it recently announced its Q1 results for 2023 after the Indian stock market closed last Friday. As a company listed not only on Dalal Street but also on the London Stock Exchange (LSE), RIL has seen its Global Depository Receipts (GDR)…
Welcome to our daily pre-market update, where we comprehensively analyze the Indian rupee’s performance in the currency markets. In this article, we will delve into the previous day’s trading session, examining the critical movements of the rupee against major currencies such as the US dollar (USD), British pound (GBP), Euro (EUR), and Japanese yen (JPY)….
Date: June 24, 2023 Place: New Delhi, India In recent news, global stock indexes have experienced a decline, while the U.S. dollar has strengthened. These changes are a result of investors analyzing statements made by Federal Reserve officials regarding the likelihood of further interest rate hikes this year. This educational article aims to provide a…
Date: June 15, 2023 Place: New Delhi SBI Mutual Fund, the most prominent asset manager in India, projects a bullish performance for the Indian rupee throughout the remaining half of 2023, thanks to the subsiding oil prices and reduced intervention from the central bank. Namrata Mittal, chief economist at SBI Mutual Fund, suggests the rupee…
