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October 11, 2024 New Delhi, India Market Highlights Indian equity markets experienced a downward trend on Friday, with both the BSE Sensex and Nifty 50 trading lower, mirroring weakness from overnight U.S. markets. Investors remained cautious ahead of upcoming fiscal announcements from global markets. Key Index Movements Sensex: At 2 PM, the BSE Sensex was…
October 11, 2024 New Delhi, India Noel Tata Appointed Chairman of Tata Trusts In a major leadership transition, Noel Tata was appointed as the new Chairman of Tata Trusts, the philanthropic arm of the Tata Group, succeeding his half-brother Ratan Tata, who passed away on October 9, 2024, at the age of 86. The appointment…
October 11, 2024 New Delhi, India USDINR The Indian rupee slipped to an all-time low, breaching the 84/USD mark for the first time on Friday. Pressured by the recent spike in oil prices and the ongoing foreign institutional investor (FII) outflows from the equity markets, the rupee hit a low of ₹84.0525 before settling at…
August 28, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) continued to face selling pressure on Wednesday’s Asian session, weighed down by weakness in other Asian currencies and increased month-end demand for the US Dollar (USD) from importers. Despite these headwinds, the local currency found some support from positive domestic markets and recent…
Zomato stock increased by about 1% on Wednesday as HSBC Global Research analysts predicted it will touch 87 in the near future, representing a potential gain of 64% over the firm’s current price. Zomato has underperformed the S&P BSE Sensex with a year-to-date loss of nearly 11%. HSBC has kept its ‘Buy’ rating on the…
