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January 18, 2023 New Delhi, India Stock Market Highlights In a third consecutive day of losses, the Indian stock market witnessed a decline as the S&P BSE Sensex slipped 314 points, closing at 71,187 levels, while the Nifty50 ended at 21,462, down 110 points. Reasons Behind the Decline: HDFC Bank Continues Slide: HDFC Bank shares…
January 17, 2023 New Delhi, India Stock Market Highlights In a dramatic turn of events, global financial markets faced a severe downturn as HDFC Bank’s disappointing Q3 results sent shockwaves through the banking sector. Coupled with escalating geopolitical tensions and fading hopes of a US Federal Reserve rate cut, investors witnessed a widespread sell-off, impacting…
January 16, 2023 New Delhi, India JFS Q3 Results Jio Financial Services, a subsidiary of Reliance Industries, witnessed a significant decline in quarterly profits for the October-December period, marking a departure from the previous quarter’s robust performance. Financial Performance Decline: In the latest financial report, Jio Financial Services disclosed a net profit of Rs 293…
January 15, 2023 New Delhi, India Stock Market Highlights In a remarkable start to the trading week, the Indian stock market witnessed a historic surge as both Sensex and Nifty achieved significant milestones. The Sensex, the benchmark index, soared past the 73,000 mark for the first time, reaching an all-time high of 73,402, while the…
January 15, 2023 New Delhi, India USD/INR Analysis The Indian Rupee (INR) kicked off the week on a positive note, benefiting from a weaker US Dollar and lower-than-expected domestic retail inflation. However, global tensions, particularly in the Red Sea, add a layer of uncertainty to the currency’s outlook. Positive Start Amid Dollar Weakness: The INR…
January 12, 2023 New Delhi, India Indian Stock Market In a remarkable day for the Indian stock market, the Sensex and Nifty indices soared to unprecedented heights on the back of robust performances by IT heavyweights Infosys and TCS. The global market landscape and positive corporate earnings also played pivotal roles in the market’s upward…
January 11, 2023 New Delhi, India Indian Stock Market Highlights In the dynamic world of finance, the Indian stock market demonstrated resilience today as the Sensex and Nifty experienced fluctuations, initially rising but later paring some gains. Investors closely watched IT stocks, with major players like TCS and Infosys set to announce their earnings for…
January 10, 2023 New Delhi, India Zee Entertainment’s Stock In a rollercoaster ride for investors, Zee Entertainment Enterprises saw a remarkable rebound in its stock by over 4.48%, reaching ₹267.80 apiece today. The surge follows a steep 7.64% drop in the previous trading session. Let’s dissect the key events shaping the narrative for Zee Entertainment….
January 9, 2023 New Delhi, India Bajaj Auto’s Bold Move Bajaj Auto, a key player in the two and three-wheeler industry, has greenlit a ₹4,000 crore share buyback program, setting the buyback price at ₹10,000 per share. This move comes with a notable 43% premium over the last closing price, signalling confidence and value for…
January 9, 2023 New Delhi, India Introduction: In a dramatic turn of events, Zee Entertainment’s share price took a sharp nosedive of 10% as news surfaced about the potential fallout of its proposed merger with Sony Group. Market Reaction: Share Price Drop and Trading Activity The share price of Zee Entertainment opened at a 10%…
