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Pre-Market Updates and Expectations July 17 2023

Pre-Market Updates and Expectations July 17, 2023

Welcome to our daily pre-market update, where we comprehensively analyze the Indian rupee’s performance in the currency markets. In this article, we will delve into the previous day’s trading session, examining the critical movements of the rupee against major currencies such as the US dollar (USD), British pound (GBP), Euro (EUR), and Japanese yen (JPY)….

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stock market

China’s Growth Disappoints, Global Markets Falter- CurrencyVeda Analysis

China’s Underwhelming Growth Rattles Global Markets; Calls for Stimulus Measures Grow – CurrencyVeda Analysis. Sluggish recovery, weakening yuan, and lopsided rebound worry investors. GDP forecast adjusted, prompting hopes for a policy response. Date: May 31, 2023 Place- New Delhi, India Equity markets worldwide are feeling the impact of China’s underwhelming economic rebound and the Chinese…

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CurrencyVeda’s Analysis Report on Global Markets

Global Markets Plunge as US Debt Default Fears Intensify, Investors Brace for Uncertainty- CurrencyVeda’s Analysis Report

Date: May 25, 2023 In a staggering turn of events, global stock markets witnessed a widespread tumble today as concerns over a potential US debt default sent shockwaves through the financial world. Investors around the globe are grappling with the increasing likelihood of the United States defaulting on its debt obligations, leading to a widespread…

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April CPI

April’s CPI stands at 4.9% , lower than expected

The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPIs are based on prices of food, clothing, shelter, fuels, transportation, doctors, labor services, drugs, and other goods that people buy for day-to-day living. CPI is the data that decides the rate of inflation in percentage and…

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Delhi-NCR

India Inc’s topline growth in Q4FY23 to halve to 10-12%: Report

MUMBAI: As businesses begin disclosing their financials, India Inc. is likely to report a halving of revenue growth in the fourth quarter of FY23, a credit rating agency warned on Thursday.According to Crisil’s Market Information and Analytics division, the revenue growth will drop to 10–12% from 22.8–% for the January–March period last year.According to the…

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US stocks dip

Global markets: US stocks dip after Fed minutes raise concerns on banking crisis, inflation

The Federal Reserve’s policy meeting minutes from March revealed that officials are worried about the financial crisis and the high inflation, which led to a decline in US markets on Wednesday. At 4,092.28, the S&P 500 fell by 0.40 percent. At 33,652.63, the Dow Jones Industrial Average decreased by 0.10%. At 11,931.13, the Nasdaq Composite…

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TCS Q4 and IT investors

TCS Q4: IT investors would do well to temper their expectations

Investors in the IT sector were anxious as they moved into the Q4FY23 results season, and to add to their anxieties, Tata Consultancy Services Ltd (TCS), the sector bellwether, failed to reach consensus projections. On a sequential basis, its revenue in constant currency terms, increased 0.6%, missing analysts’ projections of 0.9% revenue growth. Region-wise, North…

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