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December 26, 2023 New Delhi, India Stock Market Highlights: Sensex and Nifty Performance: In today’s trading session, the Sensex witnessed a robust performance, gaining 240 points and reaching a high of 71,471. Meanwhile, Nifty maintained its position around 21,400. Notably, all sectoral indices, except for Information Technology, showed positive trends, with metal and power stocks…
December 6, 2023 New Delhi, India USDINR The last traded price of USDINR on 8 Dec 2023 was 83.3600, slightly down by -0.02%. The day’s range was between ₹83.36 and ₹83.41. The rupee showed a recovery from all-time low levels, settling up by 1 paisa at 83.37 against the US dollar. This rebound was attributed…
November 8, 2023 New Delhi, India US Invest $553 Million to Adani’s Sri Lanka Port The United States is set to offer $553 million in funding for a port terminal in Sri Lanka’s capital, a project led by Indian billionaire Gautam Adani. This comes as both New Delhi and Washington aim to reduce China’s influence…
November 7, 2023 New Delhi, India Upcoming Q2 Results The market gears up for a wave of Q2 earnings releases from a variety of significant companies across different sectors. Market Expectations Anticipation looms as Power Grid Corporation of India, Shree Cement, and others prepare to unveil their Q2 earnings. The market opens with a modest…
November 2, 2023 New Delhi, India Stock Market Highlights The Indian stock market witnessed a surge today with the Sensex rallying by almost 500 points and the Nifty hovering around the 19,150 mark. A myriad of sectors, including metal, healthcare, power, oil & gas, and realty, demonstrated a robust uptrend. Nifty and Sensex closed respectively…
October 30, 2023 New Delhi, India US Federal Reserve’s Influence US Fed Rate Decision This Week Analysts predict major stock market movements this week hinged on the US Federal Reserve’s interest rate decision, expected to impact global market trends. Heightened levels of US bond yields prompt keen interest in the Fed’s move. Global Factors in…
October 13, 2023 New Delhi, India Decline in Retail Inflation: India’s retail inflation, as measured by the Consumer Price Index (CPI), witnessed a welcome decline in September. After reaching 7.44% in July and 6.83% in August, the inflation rate cooled down to 5.02%, marking a return to the Reserve Bank of India’s (RBI) comfort zone…
New Delhi, India September 20, 2023 USDINR In the currency market, the USDINR pair has faced renewed pressure as the US Dollar Index strengthens, pushing the Indian Rupee to a fresh low of 83.30. This decline is attributed to the robust performance of the US Dollar, coupled with rising import prices and capital outflows from…
New Delhi, India September 13, 2023 Time: 2:00 pm The Indian stock market exhibited remarkable resilience today, with the Sensex surging by 250 points and approaching its all-time high, despite facing headwinds from weak global market trends and foreign fund outflows. The Sensex, a barometer of India’s stock market, continued its upward trajectory, providing a…
New Delhi, India September 12, 2023 India’s retail inflation slowed to 6.83% in August from 7.44% in July, but it still remained above the Reserve Bank of India’s (RBI) tolerance band of 2-6%. This is the fourth instance of the retail inflation rate or the consumer price index (CPI) crossing the upper limit of the…
