January 11, 2023 New Delhi, India Senco Gold Q3 Senco Gold, the renowned jewelry retail player with over five decades of history, is making waves in the market with its stellar performance in Q3FY24. The company’s shares soared over 15%, reaching a fresh lifetime high of ₹850 apiece. Stellar Financial Performance In a recent business…
January 10, 2023 New Delhi, India Introduction: Delta Corp, the online gaming firm, witnessed a 5% drop in its shares following disappointing Q3 FY24 financial results. The company reported a significant decline in net profit and revenue, raising concerns among investors. Financial Struggles: Net Profit Plunge: Delta Corp‘s Q3 FY24 net profit plummeted by 59.34%…
January 8, 2023 New Delhi, India Q3 Results Season The Q3 results are in, and the automotive sector is revving up with notable successes, particularly in two-wheeler and passenger vehicle sales. Additionally, Tata Steel has posted robust growth, contributing to the positive momentum in the industry. Auto Sector Q3 Performance: Two-Wheelers and Passenger Vehicles Take…
January 8, 2023 New Delhi, India Titan Company Shares Surge In a notable feat, Titan Company‘s shares surged to a 52-week high at Rs 3,776.85 on the NSE, driven by a stellar performance in the third quarter of 2023. The consumer discretionary major reported a substantial 22% YoY growth in standalone revenue, outshining the Nifty…
November 21, 2024 New Delhi, India USDINR Today Rupee (INR) extended its decline on Thursday, weighed down by: Geopolitical Tensions: Heightened risks following Donald Trump’s US presidential victory. Portfolio Outflows: Foreign investors pulled $4 billion in November, adding to $11.5 billion withdrawn last month. Central Bank Intervention The Reserve Bank of India (RBI) is expected…
October 30, 2024 New Delhi, India USDINR Rupee (INR) weakened on Wednesday, facing downward pressure due to rising US Treasury bond yields and foreign outflows from Indian stocks. These factors have contributed to a sell-off in INR, despite the Reserve Bank of India’s (RBI) regular intervention to curb depreciation. Oil Prices and Market Outlook Crude…
October 29, 2024 New Delhi, India USDINR Today INR Performance and Influences The Indian Rupee (INR) softened on Tuesday, facing downward pressure from: Foreign Outflows: Significant withdrawals by foreign institutional investors (FIIs) from Indian equities and bonds, totaling $10 billion in October. US Bond Yields: Higher yields fueled by investor bets on Donald Trump’s potential…
October 28, 2024 New Delhi, India Gold Prices Gold price (XAU/USD) has opened with a modest bearish gap at the start of the new week, retracing some of the gains made on Friday. The current trading levels are approaching the $2,748-$2,750 supply zone, reflecting market sentiment shaped by various economic factors. Economic Influences Federal Reserve…
October 28, 2024 New Delhi, India USDINR Analysis Rupee (INR) traded flat on Monday, despite a stronger US Dollar (USD) and the effects of recent lower crude oil prices, which could bolster the INR given India’s high oil consumption levels. However, the Rupee’s gains appear constrained by sustained foreign outflows from Indian stocks and the…
October 22, 2024 New Delhi, India USDINR The Indian Rupee (INR) remained stable against the US Dollar (USD) on Tuesday, supported by the potential for intervention from the Reserve Bank of India (RBI). This stability comes despite ongoing foreign outflows from Indian equities and global economic pressures, such as the dollar’s strength and rising US…
