February 17, 2023 New Delhi, India Indian Equity Market: A Week of Significant Movements The Indian equity market witnessed a week of substantial fluctuations, with several key players making headlines. Market Trends Investors remained vigilant, closely monitoring inflation data, Q3 results, and global cues. The market’s performance was influenced by a variety of factors, including…
February 17, 2023 New Delhi, India IPO Watch Juniper Hotels Limited is gearing up for its initial public offering (IPO) in the Indian market, aiming to raise funds for expansion. Price Band and Issue Details: The hospitality company has fixed the price band for its IPO at ₹342 to ₹360 per equity share. The IPO…
February 16, 2023 New Delhi, India Indian Stock Market Performance The Indian stock market showed a positive trend on February 16, 2024. The NSE Nifty 50 index and the S&P BSE Sensex both settled 0.32% higher at 21,911 and 72,050 respectively. The market struggled for direction earlier in the day, but gains were consolidated in…
February 16, 2023 New Delhi, India SpiceJet’s Stock Takes Flight SpiceJet Shares Surge SpiceJet saw its shares skyrocket by 13% today. This surge was triggered by data from the Directorate General of Civil Aviation (DGCA), which revealed that SpiceJet had successfully maintained its market share at 5.6% in January. Stock Market Performance The stock, which…
February 16, 2023 New Delhi, India India Adjusts Oil Taxes In response to the fluctuating global oil market, India’s Ministry of Finance has announced adjustments to oil taxes. Here’s a breakdown of the key changes: Marginally Raised Windfall Tax The windfall tax on the sale of domestic crude oil has been marginally increased to ₹3,300…
February 16, 2023 New Delhi, India UK Economy Enters Recession The United Kingdom’s economy has officially entered a recession. The Gross Domestic Product (GDP) experienced a contraction of 0.3% in the fourth quarter of 2023, following a 0.1% contraction in the previous quarter. Political Implications This economic downturn comes as a significant setback for Prime…
February 15, 2023 New Delhi, India US Stockpile Surge Pressures WTI Prices West Texas Intermediate (WTI) crude oil prices took a hit, dipping close to $75.0 per barrel, amidst a significant surge in US crude oil stockpiles. The Energy Information Administration reported an unexpected increase, with stocks rising by 12.018 million barrels to reach 439.5…
February 15, 2023 New Delhi, India Indian Stock Market Sees Fluctuations Amid Mixed Sectoral Performance Sensex and Nifty Swing Amidst Volatility In recent updates from the Indian stock market, the Sensex and Nifty indices have showcased significant fluctuations, reflecting the volatile nature of the market. Investors witnessed a series of ups and downs, influenced by…
February 15, 2023 New Delhi, India Indian Rupee Strengthens Amid Economic Developments Indian Rupee (INR) sees positive movement against the US Dollar (USD) as traders react to a combination of domestic and international economic factors. Here’s a breakdown of what’s influencing the USD/INR pair. Fundamental Factors Driving the Market The Reserve Bank of India (RBI)…
February 15, 2023 New Delhi, India Paytm’s share price Decline Attributed to ED Notices and RBI Action The share price of Paytm, India’s leading digital payments platform, plummeted to a fresh 52-week low today, continuing its downward trajectory amidst escalating regulatory challenges and revenue contractions. ED Notices Spark Investor Anxiety Investor confidence took a hit…
