September 11, 2024 New Delhi, India Tata Motors Shares Shares of Tata Motors dropped nearly 5% in early trading on September 11, making it one of the top losers on the Nifty 50. This decline follows a report from brokerage firm UBS Securities, which reiterated a “Sell” recommendation on Tata Motors, citing potential downside risks….
September 10, 2024 New Delhi, India HG Infra Shares Shares of HG Infra Engineering Ltd. rose by over 7% to ₹1,575 per share on September 10 after the company announced it had won a major ₹781 crore contract from the Ministry of Road Transport and Highways (MoRTH). The contract involves upgrading a 10.63 km stretch…
August 24, 2024 New Delhi, India Orient Technologies Limited IPO The bidding for the Orient Technologies Limited IPO concluded last Friday, leaving investors eagerly awaiting the allotment date. According to the new ‘T+3’ listing rule that became mandatory on December 1, 2023, the likely date for the share allotment is August 26, 2024, which is…
August 12, 2024 New Delhi, India Adani Shares Crash Shares of Adani Group companies faced significant declines on Monday after Hindenburg Research alleged that SEBI Chairperson Madhabi Puri Buch had a stake in offshore entities involved in a money siphoning scandal linked to the Adani Group. The fresh allegations have led to a sharp sell-off,…
August 7, 2024 New Delhi, India FPI Investments Foreign Portfolio Investors (FPIs) have significantly increased their investments in the Indian stock market, with notable inflows into the Information Technology (IT) sector. This article explores the details of FPI activities in July, including sector-wise inflows and outflows, and their impact on the Indian equity market. FPI…
August 5, 2024 New Delhi, India The Indian Rupee faced a severe drop, hitting an all-time low of 83.80 against the US dollar on August 5. This decline is attributed to a significant downturn in Indian equity markets and substantial foreign fund outflows, compounded by global market uncertainties. Key Factors Influencing the Rupee’s Decline: Opening…
July 24, 2024 New Delhi, India Rupee Analysis The Indian Rupee (INR) weakened during Wednesday’s early European session despite an improvement in India’s HSBC Manufacturing and Services PMI for July. The Rupee’s decline was driven by Finance Minister Nirmala Sitharaman’s announcement of increased capital gains tax, which exerted selling pressure on the INR. Stronger PMI…
July 23, 2024 New Delhi, India Market Highlights Indian stock markets experienced a significant drop on Tuesday following the government’s proposal to increase taxes on capital gains and derivatives trading. The NSE Nifty 50 and S&P BSE Sensex each fell about 1%, trading at 24,225 and 80,024 respectively intraday. Additionally, the Indian rupee hit a…
July 1, 2024 New Delhi, India Positive Start for Indian Stock Market on July 1, 2024 Market Overview The Indian stock market opened the month of July with positive momentum on July 1, 2024. Both the NSE Nifty 50 and the BSE Sensex indices recorded gains, driven primarily by strong performances in the IT and…
June 25, 2024 New Delhi, India Positive Trend in Indian Stock Market on June 25, 2024 The Indian stock market demonstrated a resilient performance on June 25, 2024. Both the Nifty 50 and Bank Nifty indices rebounded from early losses, ending the day on a positive note. This recovery was largely driven by strong support…
