January 31, 2023 New Delhi, India Positive Start on NSE Debut: Nova Agritech made a robust entry into the stock market today, with its shares listing at ₹55 on the National Stock Exchange (NSE), marking a 34.1% premium over the issue price of ₹41. The debut exceeded expert predictions, which foresaw a premium ranging from…
January 30, 2023 New Delhi, India As the Federal Open Market Committee (FOMC) gears up for its policy meeting and India awaits its Interim Budget 2024, the USD/INR pair maintains a flat trajectory. This comes against the backdrop of a resilient Indian Rupee, emerging as the top-performing currency in the Asian markets for January 2024….
January 29, 2023 New Delhi, India Pound Sterling (GBP) Pound Sterling (GBP) is treading water near 1.2700 as investors await crucial policy decisions from the Bank of England (BoE) and the Federal Reserve (Fed). The market is grappling with challenges posed by inflation and the potential for a recession, making these central bank decisions of…
January 29, 2023 New Delhi, India Crude Oil Scenario Geopolitical tensions in key oil-producing regions have led to a significant surge in crude oil prices, as the market grapples with fears of potential disruptions in the global oil supply chain. Here’s a breakdown of the factors contributing to this uptick: Attacks on US Forces in…
January 29, 2023 New Delhi, India Qualitek Labs, a promising player in the testing and certification sector, marked an impressive debut on the BSE SME platform as its shares opened at ₹190 per share, reflecting a remarkable 90% premium over the issue price of ₹100. Strong Investor Interest and Oversubscription The IPO, which was open…
January 29, 2023 New Delhi, India USDINR Analysis The USD/INR pair is on a positive trajectory in the forex market, influenced by various factors leading into crucial events like the Federal Open Market Committee (FOMC) meeting and the release of India’s Interim Budget. Factors Influencing USD/INR: The Indian Rupee faces a mild negative bias amid…
January 25, 2023 New Delhi, India USDINR Analysis In the dynamic world of currency exchange, the USDINR pair is experiencing upward movement, influenced by a mix of global economic factors. Here’s a breakdown of key elements shaping the current scenario: US GDP Data Influence: Investors are closely eyeing the forthcoming flash US Gross Domestic Product…
January 25, 2023 New Delhi, India Tech Mahindra Q3 In a recent development, Tech Mahindra, one of India’s leading IT services firms, faced a significant setback in its third-quarter (Q3) financial performance. The company reported a staggering 61% year-on-year drop in consolidated net profit, plummeting to Rs 510 crore compared to Rs 1,297 crore in…
January 25, 2023 New Delhi, India DLF Q3 In a standout performance for the third quarter of the fiscal year 2024, DLF, India’s prominent real estate developer, reported a remarkable 26.64% year-over-year increase in consolidated net profit. The financial results, released post-market hours on Wednesday, showcased the company’s solid standing in the market. Positive Financial…
January 24, 2023 New Delhi, India Indian Oil Corporation Ltd. (IOC) Q3 results IOC’s revenue for the October-December period soared to ₹1.99 lakh crore, outpacing expectations and marking a 10.6% increase from the previous quarter. This performance exceeded the CNBC-TV18 poll estimate of ₹1.86 lakh crore, indicating robust financial health. Profit Surpasses Expectations: The net…
