Stock Market News Updates

It was a tough week with the market value of 7 out of 10 most valuable companies in India by Market cap saw erosion of Rs216,093 crore. Reliance and SBI...

For the fourth quarter ended December 2022, the US economy grew 2.9% despite pressure on interest rates and fears of a looming recession. This is slightly lower than the 3.2%...

According to Moody’s Investor Services, India's GDP growth may taper to 5.6% in FY24, but it would still be among the best performing large economies. Moody’s has expressed hope that...

Axis Bank reported 62% higher standalone net profits for Q3FY23 at Rs5,853 crore on the back of 32% growth in net interest income (NII) at Rs11,459 crore in the quarter....

Reliance Industries reported 15% lower net profits at Rs15,792 crore for Q3FY23 due to higher finance cost and special additional excise duty. This is lower than street estimates. While finance...

Vedanta approved the sale of its global zinc assets in South Africa and Namibia to Hindustan Zinc (HZL) for $2.98 billion. HZL is a subsidiary of Vedanta Ltd. The transaction...

Adani Enterprises prices its FPO in the price band of Rs3,112 to Rs3,276 with a discount offering of Rs64 to the retail investors, in what could be the biggest Indian...

For calendar year 2022, India’s merchandise trade crossed $1-trillion. While merchandise exports stood at $450 billion, imports were $723 billion. This is despite global headwinds impacting the exports. The sustained...

For the month of December 2022, India’s merchandise exports were 12.2% lower at $34.48 billion amidst weak global demand as a global slowdown impacted global markets. There was also the...

India’s crude imports from Russia crossed 1 million bpd in December 2022, touching a high of 1.19 million bpd. Now, Russia has been India's top crude supplier for the third...

Infosys reported 20.2% growth in revenues at Rs38,318 crore for Q3FY23. Net profits for Q3FY23 were up 13.4% at Rs6,586 crore. In terms of guidance, Infosys has guided revenue growth...

India’s gross direct tax collections increased 24.58% to Rs 14.71 trillion resulting in net inflows of Rs12.31 trillion after refunds. There was a sharp surge in personal income tax mop-up...

According to a report by Goldman Sachs, the Indian government may cut its fiscal deficit to 5.9% of GDP when it announces its Union Budget on 01st February. That would...

TCS reported a relatively strong performance for Q3FY2 despite the macro challenges. While the net profits grew by 11% yoy to Rs10,846 crore for the quarter, the revenues were up...

For the week ended 06th January 2023, 8 out of the top 10 largest companies by market value saw erosion to the tune of Rs106,991 crore. IT and banks were...