Stock Market News Updates

Oil prices slipped sharply to around $87.11/bbl in the Brent Crude market. while supply fears receded, there were also concerns over demand from China amidst tighter COVID restrictions and dollar...

The deal is almost final and Reliance Industries is all set to acquire Metro AG cash and carry business in India. The deal is estimated to be worth Rs4,060 crore....

RBI MPC special meeting concluded on Thursday without much fire or fervour as the RBI MPC got together to draft a response to the government on why they had failed...

RBI confirmed that it will not immediately release details of its special MPC meeting on 03rd November. The meeting had been called after RBI had failed to contain inflation. Not...

RBI did soft launch of its central bank digital currency (CBDC) for secondary market trades in government securities. A total of 48 trades worth Rs275 crore were executed without hitches....

The key macros for Indian economy are out and the fiscal deficit for H1FY23 ended September 2022 has come in at 37.3% of the full year target. In absolute terms,...

Three key events are likely to drive the stock market direction in the coming week viz; Fed meet, RBI MPC Additional meeting and the earnings season. Fed is estimated to...

The Monetary Policy Committee of the RBI has convened a special meeting on 03rd November. This will be just a day after the Fed statement on 02nd November. The key...

SEBI has approved the proposal of the government to convert dues of more than $1.92 billion owed by Vodafone Idea into equity. The rescue package for telecom announced last year...

Ultratech cements of the Aditya Birla Group reported a 42% drop in net profits at Rs756 crore on total net sales were higher 16% at Rs13,596 crore. This was largely...

The DIPAM secretary, Tuhin Kant Pandey, believes that the government should be less aggressive about its divestment targets. According to Pandey, in FY22, divestment just helped collect Rs13,500 crore against...

For FY22, India registered defence exports of Rs8,000 crore ($1 billion) but has set its sights on Rs35,000 crore of defence exports by FY25; a 4-fold growth in 3 years...

For the week ended 14th October, combined market value of 6 out of the 10 most valuable companies on the NSE by market lost Rs78,163 crore. The big loser for...

Infosys reported a surprisingly robust 11.3% growth in net profits for Q2FY23 at Rs6,021 crore. Infy raised its revenue guidance for FY23 to 15-16%. The icing on the cake was...

Retail inflation spiked to 7.41% for September 2022, marking an inflation spike of 70 bps in 2 months even amidst a hawkish scenario wherein the RBI has hiked rates by...