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June 25, 2024 New Delhi, India Positive Trend in Indian Stock Market on June 25, 2024 The Indian stock market demonstrated a resilient performance on June 25, 2024. Both the Nifty 50 and Bank Nifty indices rebounded from early losses, ending the day on a positive note. This recovery was largely driven by strong support…
June 13, 2024 New Delhi, India Stock Market Highlights Indian benchmark indices ended higher for the third consecutive session on June 13, with significant gains in the capital goods, realty, and IT sectors. Market Performance Sensex: Up 204.33 points (0.27%) at 76,810.90 Nifty: Up 75.90 points (0.33%) at 23,398.90 BSE Midcap: Up nearly 1% BSE…
May 31, 2024 New Delhi, India RBI Policy: Repo Rate Cut The Reserve Bank of India (RBI) will announce its latest monetary policy after the Monetary Policy Committee (MPC) meeting, which runs from June 5-7. A Reuters poll of economists, conducted between May 17-30, indicates a strong expectation that the RBI will maintain the current…
February 28, 2023 New Delhi, India USDINR The last traded price of USDINR was 82.9000 down by 0.00%. The day’s range for USDINR was a high of ₹82.91 and a low of 82.89, with the Indian Rupee recording slight gains attributed to anticipated inflows. However, demand for the Dollar from state-run banks tempered further appreciation….
February 19, 2023 New Delhi, India UK And Japan’s Recession Both Japan and the United Kingdom announced on Thursday that their economies likely experienced a downturn during the last quarter of 2023. This would mark the second consecutive quarter of economic contraction for both nations, which aligns with one common definition of a recession. A…
February 12, 2023 New Delhi, India Gold Price Steadies Amidst Market Uncertainty In the ever-fluctuating landscape of financial markets, gold has found itself in a period of consolidation. Factors such as uncertain monetary policy from the Federal Reserve and easing geopolitical tensions are keeping traders on their toes. Federal Reserve’s Influence on Gold The Federal…
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 7, 2023 New Delhi, India Indian Stock Market Witnessing Volatility The Indian stock market showcased a mixed picture today as major indices experienced fluctuations amidst volatile trading conditions. Here’s a concise overview of the key highlights: Early Gains Eroded, IT Sector Under Pressure In the early trading session, Indian benchmark indices Sensex and Nifty,…
Date- September 6, 2023 Place- New Delhi, India PepsiCo India is set to make a substantial investment of ₹778 crore (approximately $105 million) in Assam to establish its first-ever food-focused manufacturing plant in the region. This strategic move is poised to have a significant impact on the local economy and agriculture sector. The manufacturing facility,…
