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December 20, 2023 New Delhi, India Indian Stock Market Wrap In a stark turn of events, the Indian stock market faced a significant downturn today, with the Sensex plummeting over 900 points, relinquishing the crucial 71,000 mark. The Nifty, too, struggled, falling below 21,200. This downward trend unfolded despite a positive global market mood. Both…
December 19, 2023 New Delhi, India Stock Market Highlights In a day marked by ups and downs, the Indian stock market showcased resilience as the Sensex rose by 200 points, reaching an all-time high of 71,399.01. Despite volatility, the Nifty 50 also touched a record peak at 21,445.95. Both Sensex and Nifty closed at 71,437.19…
December 19, 2023 New Delhi, India IPO News Happy Forgings Limited’s Initial Public Offering (IPO) opened with a bang, garnering significant attention from investors. Here’s a breakdown of the key details. Subscription Status and Grey Market Premium (GMP): By 2:12 PM on the first day of bidding, the IPO witnessed a subscription rate of 1.33…
December 19, 2023 New Delhi, India IPO Watch: Credo Brands Marketing Opens Today Credo Brands Marketing Ltd., a Mumbai-based company, received a major vote of confidence ahead of its public debut. Just one day before its Initial Public Offering (IPO) opens, Credo secured ₹165 crore from prominent anchor investors. This pre-IPO funding bodes well for…
December 18, 2023 New Delhi, India Stock Market Highlights: In a shift from the recent winning trend, the Indian stock market closed in the red, with the Sensex down 168.66 points (0.24%) at 71,315.09, and the Nifty down 38.00 points (0.18%) at 21,418.70. While the benchmark indices faced a downturn, broader indices outperformed, with the…
December 18, 2023 New Delhi, India Sugar Stocks Surge In a game-changing move, the Indian government’s decision to reverse the ban on using sugarcane juice for ethanol production has ignited a surge in sugar stocks. Today’s trading session witnessed significant gains, with major players like Bajaj Hindusthan Sugar leading the charge with a remarkable 7.7%…
December 15, 2023 New Delhi, India Indian Stock Market Surges to Record Highs on Global Positivity Indian stock indices, Sensex and Nifty, reached unprecedented levels on Friday, reflecting a robust surge in market confidence. The positive trajectory is attributed to upbeat global markets following signals from the Federal Reserve about potential rate cuts in 2024….
December 15, 2023 New Delhi, India Rupee Holding Ground The Indian Rupee (INR) is holding its ground despite a dynamic economic landscape, with mixed signals from India and the global stage. In this update, we delve into key factors influencing the USDINR currency pair, offering insights into market movements. Indian Economic Landscape: Inflation on the…
December 14, 2023 New Delhi, India India’s Wholesale Price Index (WPI) inflation has surged to an eight-month high of 0.26% in November, marking a shift from the deflationary trend seen since March 2023. This development raises concerns about its potential impact on the country’s GDP growth. Positive Reversal in Wholesale Inflation: After several months in…
December 14, 2023 New Delhi, India The rally in global markets took India’s stock market to new heights. The global rally that led to the record highs for Indian stock markets represented by the Sensex and Nifty indices was a noteworthy upsurge. This increase was preceded by positive signs coming from the Federal Reserve of the…
