December 22, 2023 New Delhi, India Wipro’s Uptrend and Heavy Trading Volumes In a remarkable turn of events, Wipro Ltd witnessed a substantial surge in its stock price, reaching a one-year high of Rs 466.15. The stock experienced a 7.38% increase, reflecting a 32.49% gain from its one-year low in April. The trading volumes were…
December 19, 2023 New Delhi, India Indian Oil Stocks Rally Following Government’s Tax Cut and Global Crude Surge In a recent turn of events, Indian oil stocks witnessed a significant upswing as the government announced a reduction in the windfall profit tax on crude oil production and diesel exports. Here’s a closer look at the…
December 18, 2023 New Delhi, India Stock Market Highlights: In a shift from the recent winning trend, the Indian stock market closed in the red, with the Sensex down 168.66 points (0.24%) at 71,315.09, and the Nifty down 38.00 points (0.18%) at 21,418.70. While the benchmark indices faced a downturn, broader indices outperformed, with the…
December 13, 2023 New Delhi, India Introduction: UltraTech Cement, the third largest cement producer worldwide (outside of China) has achieved a new landmark- its share broke the ₹10,000 barrier. This year, UltraTech shares have greatly surged with a year-to-date yield of 40.13% on an annual basis. The stock peaked at ₹10,042.95 apiece, translating into a gain…
December 13, 2023 New Delhi, India Sovereign Gold Bond Schemes 2023-24 In a recent announcement, the Reserve Bank of India (RBI) has unveiled the details of the Sovereign Gold Bond (SGB) Schemes for the financial year 2023-24, offering investors valuable opportunities for gold-backed investments. Series III Subscription Details: The subscription window for Series III is…
December 13, 2023 New Delhi, India Inflation Concerns Weigh on Indian Rupee In recent developments, the Indian Rupee (INR) has encountered challenges as inflationary pressures grip the nation. According to the Ministry of Statistics & Programme Implementation, India’s Consumer Price Index (CPI) surged to 5.55% year-on-year in November, surpassing the Reserve Bank of India’s (RBI)…
December 13, 2023 New Delhi, India USDINR The last traded price of USDINR was 83.3825, down by -0.01%. The day’s range for USDINR was a high of ₹83.40 and a low of 83.36. The rupee settled little changed, supported by likely U.S. dollar sales by the RBI. Rupee forward premiums declined, with the 1-year implied…
November 8, 2023 New Delhi, India Stock Market Closes The Indian stock market concluded a session of marginal gains, showcasing a nuanced upward trajectory influenced by various sector performances and global market cues. This comprehensive analysis delves into the recent trends, factors impacting the market, and notable stock-specific movements. Nifty and Sensex both have shown…
October 25, 2023 New Delhi, India Colgate-Palmolive India’s Q2 Success: A 22% Profit Boost Revenue Growth and Operational Efficiency Drive Strong Performance In a recent financial update, Colgate-Palmolive India has revealed impressive results for the second quarter of the fiscal year, reporting a 22% surge in net profit compared to the same period in the…
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…
