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February 13, 2023 New Delhi, India Rashi Peripherals IPO Allotment Status Announced Investors eagerly awaiting the outcome of the Rashi Peripherals IPO can now check their application status online, as the allotment status has been officially declared. The IPO, which garnered significant attention in the market, has seen its shares trading at a premium of…
February 12, 2023 New Delhi, India Indian Stock Market Update: Sectoral Shifts and Global Influences Market Overview: The Indian stock market witnessed a volatile trading session today, with the Sensex down by 520 points and the Nifty hovering around 21,600. This decline was primarily led by poor performance in PSU Banks, while IT and pharma…
February 12, 2023 New Delhi, India Crude Oil Faces Decline Following Israel’s Ceasefire Reports Amidst ongoing geopolitical tensions, the crude oil market experienced a setback as reports emerged of Israel “concluding” its attack on Gaza. This development, coupled with other market factors, has led to a slip in crude oil prices after witnessing a notable…
February 12, 2023 New Delhi, India Indian Rupee Struggles Amid Economic Uncertainty The Indian Rupee (INR) is under pressure against the US Dollar (USD) as investors await crucial economic data and policy decisions from the Reserve Bank of India (RBI). Central Bank Policy and Economic Data Influence Market Sentiment The RBI is expected to maintain…
February 12, 2023 New Delhi, India Paytm E-commerce Renamed Pai Platforms Paytm E-commerce, a prominent player in India’s e-commerce landscape, has undergone a significant transformation. The company has rebranded itself as Pai Platforms after receiving approval from the Registrar of Companies. This strategic move comes alongside the acquisition of Bitsila, an established seller platform operating…
February 9, 2023 New Delhi, India Stock Market Volatility Continues The Indian stock market continues its volatile journey as Nifty and Sensex oscillate within narrow ranges. Investors are closely monitoring sectoral trends and earnings announcements amid mixed signals from analysts. Both Sensex and Nifty closed at 71,595.49 up +167.06 (0.23%) and 21,785.90 up +67.95 (0.31%). Sectoral Performance…
February 9, 2023 New Delhi, India SEBI Takes Action Against Zee Business Guest Experts The Securities and Exchange Board of India (SEBI) has imposed penalties on 15 guest experts of Zee Business channel for engaging in unlawful trading activities. This regulatory action comes as a response to the discovery of a scheme of manipulation aimed…
February 9, 2023 New Delhi, India Gold Prices React to Mixed Signals Amid Global Uncertainty Market Indecision at the 50-Day Moving Average Gold prices are currently at a critical juncture, trading near the pivotal 50-day moving average of $2033.88. This level reflects the market’s uncertainty, with traders grappling between conflicting factors influencing gold’s trajectory. Geopolitical…
February 9, 2023 New Delhi, India Oil Prices Surge Amidst Geopolitical Turmoil Middle East Tensions Drive Oil Prices Up Oil prices surged this week as tensions continued to escalate in the Middle East. Brent crude futures climbed to $81.71 a barrel, marking a 0.1% increase, while US West Texas Intermediate crude futures rose to $76.39…
February 9, 2023 New Delhi, India RBI Holds Repo Rate, INR Trades Steady The Indian Rupee (INR) maintains a flat trajectory against the US Dollar (USD) as the Reserve Bank of India (RBI) keeps the repo rate unchanged at 6.5%. Despite renewed USD demand and higher US bond yields, the INR sees mild positive movements…
