July 15, 2024 New Delhi, India Stock Market Highlights On July 15, 2024, the Indian stock market defied weak global cues, ending on a positive note with broad-based gains. The BSE Sensex climbed 150 points, or 0.18%, closing at 80,665. Meanwhile, the NSE Nifty50 hit a record high of 24,635 during the intraday session, ending…
July 15, 2024 New Delhi, India Gold Price(XAU/USD) The gold market opened the week on a subdued note as the yellow metal faced renewed selling pressure amid a rebound in the US Dollar (USD). Despite this dip, gold prices remain close to their highest levels since late May, supported by dovish expectations surrounding the Federal…
July 15, 2024 New Delhi, India USDINR Analysis As the Indian Rupee (INR) weakened against the US Dollar (USD) in Monday’s Asian session, the latest economic data reveals significant trends impacting the currency pair. India’s Wholesale Price Index (WPI) inflation surged to 3.36% year-on-year in June, up from 2.61% in May, yet it fell short…
July 10, 2024 New Delhi, India Emcure Pharmaceuticals Debut Emcure Pharmaceuticals shares made a strong debut on the stock market today, opening at ₹1,325.05 per share on the NSE, which is 31.45% higher than the issue price of ₹1,008. Market Expectations and Grey Market Premium The robust listing aligns with market expectations, which anticipated the…
July 10, 2024 New Delhi, India Bansal Wire IPO Bansal Wire Industries made a strong stock market debut on Wednesday, with its shares listing at ₹356 apiece on the NSE, a 39.06% premium to the issue price of ₹256 per share. Robust IPO Demand Bansal Wire’s IPO received significant interest from investors, leading to a…
July 5, 2024 New Delhi, India Stock Market Today Indian equity markets closed flat on Friday after a volatile trading session. Despite a late recovery led by Reliance Industries (RIL), the benchmarks couldn’t sustain early losses. The Nifty Bank index shed nearly 1%, while FMCG and pharma sectors gained over 1%. Market Highlights Key Indices…
July 1, 2024 New Delhi, India Daily Currency Market Analysis USDINR Trading Range: 83.35-83.61 The Indian Rupee ended stronger, buoyed by inflows spurred by the inclusion of the country’s bonds into the JPMorgan emerging market debt index. Additionally, the US personal consumption expenditure price index remained unchanged in May from April, marking the least change…
June 26, 2024 New Delhi, India Rupee Vs Dollar The USD/INR exchange rate continues to decline, with the Indian Rupee (INR) strengthening on Tuesday due to a softer US Dollar (USD) and expectations of increased foreign inflows into India. Factors Influencing the Indian Rupee Foreign Inflows: The INR is supported by anticipated significant inflows following…
June 21, 2024 New Delhi, India Daily Currency Market Update USDINR Trading Range: 83.52-83.6 The Rupee steadied, bolstered by portfolio inflows and improved odds of rate cuts by the Federal Reserve later this year. Investors are currently pricing in a 67% chance of a rate cut in September, up from about 61% a day earlier,…
June 7, 2024 New Delhi, India Key Highlights from RBI MPC Meeting June 2024 The Reserve Bank of India (RBI) concluded its first Monetary Policy Committee (MPC) meeting since the Lok Sabha Elections 2024, announcing several significant decisions. The repo rate remains unchanged at 6.50%, marking the eighth consecutive term without a change, as the…
