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December 5, 2024 New Delhi, India USDINR Today Rupee continues to experience significant pressure, hovering near record low levels despite interventions by the Reserve Bank of India (RBI). Multiple economic factors are contributing to the currency’s challenging performance, creating a complex market landscape for investors and economic observers. Global Economic Indicators Recent economic data provides…
December 4, 2024 New Delhi, India Stock Market Today Market wrapped up Wednesday’s session with marginal gains despite volatility. The Sensex climbed 111 points to close at 80,956.33, while the Nifty settled 10 points higher at 24,467, driven by strong performance in realty and PSU Bank sectors. Key Highlights of the Day: Top Gainers: HDFC…
December 3, 2024 New Delhi, India Stock Market Today Markets extended their winning streak for the third straight session on Tuesday, with both the Sensex and Nifty closing in the green. The BSE Sensex surged by 597.67 points (0.74%) to end at 80,845.75, while the NSE Nifty50 advanced 181.10 points (0.75%) to settle at 24,457.15….
December 3, 2024 New Delhi, India USDINR Analysis The Indian Rupee (INR) traded weaker on Tuesday, grappling with multiple challenges after hitting a record low in the previous session. The local currency continues to face pressure from disappointing domestic macroeconomic data, persistent foreign fund outflows, and rising demand for the US Dollar (USD). US President-elect…
December 2, 2024 New Delhi, India Windfall Tax Elimination: A Strategic Move The Union government has taken a significant step by completely removing the windfall tax on domestically produced crude oil and exports of aviation turbine fuel (ATF), petrol, and diesel. This decision comes after a comprehensive review of global oil market conditions and follows…
December 2, 2024 New Delhi, India Rajesh Power IPO Rajesh Power had a remarkable listing on the BSE SME on December 2, debuting at ₹636 per share—a 90% premium over its IPO price of ₹335. The stock continued its upward trajectory, hitting ₹668.30, delivering nearly 100% gains to early investors. Impressive IPO Subscription The IPO,…
November 29, 2024 New Delhi, India Stock Market Highlights: Bulls Return as Indices End Higher The Indian equity markets rebounded strongly on Friday, with the BSE Sensex climbing 759 points to close at 79,802.79, while the NSE Nifty50 rose 216.95 points, finishing at 24,131.10. The recovery followed sharp losses earlier this week, driven by a…
November 29, 2024 New Delhi, India Zomato Secures ₹8,500 Crore Through QIP at ₹252.62 Per Share In a significant fundraising milestone, Zomato has raised ₹8,500 crore through a Qualified Institutional Placement (QIP). The company issued 33.65 crore equity shares at ₹252.62 each, reflecting a 5% discount to the floor price of ₹265.91. This marks Zomato’s…
November 29, 2024 New Delhi, India IPO Enviro Infra Engineers Ltd. officially debuted on the stock exchanges today, November 29, 2024, after a highly successful IPO subscription. The company’s shares opened at ₹220 on NSE (48.6% premium) and ₹218 on BSE (47.3% premium) against the issue price of ₹148. However, the stock slipped into red…
November 29, 2024 New Delhi, India USDINR Today Rupee (INR) hovered near its record low during Friday’s Asian session, pressured by both domestic and global factors. Drivers of Weakness Global Factors: Rising US Treasury yields and month-end USD demand from importers weighed on the INR. Foreign Portfolio Investors (FPIs) withdrew $1.4 billion from Indian equities…
