After falling for 5 days in a row, Indian markets made up some of their losses on Thursday, despite mixed signals from the rest of the world. This happened after the Swiss bank Credit Suisse announced its plan to raise liquidity. But Sensex and Nifty 50 ended up going a little bit up. The stocks…
September 18, 2024 New Delhi, India MSCI IMI Gauge India has emerged as the largest emerging market in the MSCI Investable Market Index (IMI), surpassing China for the first time, according to a Morgan Stanley report. This achievement is expected to attract foreign fund inflows of ₹37,000 crore to Indian equities. Key Highlights: India’s Weightage…
September 16, 2024 New Delhi, India USDINR Today The Indian Rupee (INR) traded on a weaker note during Monday’s early European session, despite a softer US Dollar (USD). The combination of declining crude oil prices, strong foreign institutional inflows (FII) into Indian stock markets, and firm bets on a potential Federal Reserve rate cut later…
August 9, 2024 New Delhi, India Ola Electric Shares Surge Ola Electric made a muted debut on the Indian stock market today, with shares listing at ₹76 apiece on the NSE and ₹75.99 on the BSE, reflecting a flat start compared to the issue price. Despite the initial lackluster performance, the stock saw a notable…
March 22, 2023 New Delhi, India USDINR The last traded price of USDINR was 83.3500 up by 0.27%. The Rupee faced downward pressure, trading within a range of 82.94-83.30, driven by increased dollar demand from importers, outflows related to debt repayment, and weakness in most Asian currencies. The Fed’s decision to leave interest rates unchanged,…
March 21, 2023 New Delhi, India FOMC Meeting Highlights The US Federal Reserve, led by Chairman Jerome Powell, concluded its two-day Federal Open Market Committee (FOMC) meeting by maintaining the benchmark interest rates at 5.25-5.50%, marking the fifth consecutive meeting with no changes. Despite leaving rates steady, the FOMC signaled its anticipation of three rate…
March 21, 2023 New Delhi, India USDINR: The last traded price of USDINR (22 Mar 2024) was 83.1125 down by -0.08%. The Rupee closed weaker within a trading range of 82.87-83.15, influenced by weakness in its Asian peers and dollar demand from state-run banks. Meanwhile, India’s central bank purchased a net $1.95 billion in the spot forex…
March 20, 2023 New Delhi, India USDINR: The last traded price of USDINR was 83.0250 down by -0.02%. The Rupee closed within a trading range of 82.81-82.99, influenced by weakness in Asian currencies and dollar purchases by state-run banks. Meanwhile, India’s forex reserves surged to a over two-year high of $636.1 billion. The RBI highlighted…
March 11, 2023 New Delhi, India Stock Market Highlights The Indian stock market witnessed a downward trend today as both the Sensex and Nifty plunged, echoing cautious sentiment amidst global market uncertainties. Let’s delve into the factors contributing to this decline. Both the indices Nifty and Sensex closed at 22,332.65 down −160.90 (0.72%) and 73,502.64 down…
February 28, 2023 New Delhi, India Indian Stock Market Highlights: Sensex and Nifty Drop In a tumultuous day for Indian investors, the benchmark indices, Sensex and Nifty, plunged significantly on February 28, 2024. This decline came amidst a backdrop of growing concerns over global economic stability. Key Highlights: Sensex and Nifty Downturn: The Sensex plummeted…
