Stock Market News Updates

The IMF in its latest World Economic Outlook report has cut India’s GDP forecast for FY23 by 60 bps to 6.8%. This has been driven by weak GDP growth in...

TCS reported 8.3% higher consolidated net profit of Rs10,431 crore for Q2FY23 on yoy basis. TCS, as usual, has set the tone for the IT results in the second quarter....

The robust tax performance of the Indian economy continues with gross central tax collections for FY23 till 08th October up 23.8% yoy at Rs8.98 trillion. Net tax collections (net of...

From 07th October, a new rule for brokers will kick in with reference to client margins. Now, brokers have to square accounts with their clients on the first Friday of...

OPEC plus agreed to cut oil supply by nearly 2 million barrels per day (bpd), in a desperate attempt to boost the price of oil above $90/bbl. This is likely...

On Monday, the rupee weakened sharply by nearly 53 paisa from Rs81.35/$ to Rs81.88/$. The rupee is perilously close to the 82/$ mark and is expected to break through sooner...

For the week ended 30th September, the aggregate market cap of 7 out of the 10 most valuable stocks on the NSE depleted value by Rs116,053 crore as the indices...

The borrowing target of the central government for H2-FY23 has been lowered by Rs10,000 crore to Rs5.92 trillion. This would include the Rs16,000 crore Sovereign Green Bonds too. The lower...

Investors who had lapped up Indian bonds on the hope that they would be included in JP Morgan Bond indices may be in for a disappointment. India has ruled out...

Adani Group plans to invest $100 billion in next 10 years, with nearly 70% for energy transition and for infrastructure. According to Gautam Adani, this is part of a grand...

CRISIL expects a sharp drop in the profitability of cement companies for FY23. According to CRISIL, profits of cement companies could fall 15% in FY23 to around Rs900-925 per tonne....

For the week ended on 23rd September, the market cap of 7 out of the 10 most valuable companies eroded by Rs134,139 crore. Only defensives were in the positive for...

Indian refiners are likely to skip buying Russia ESPO crude this month due to higher freight rates. Instead, India finds African and Middle East oil cheaper. India had recently emerged...

For the fiscal year FY22, Indian exports to the 6 Gulf Cooperation Council (GCC) nations grew 44% to $43.9 billion. India’s exports to UAE jumped by 68% yoy. India’s FY22...

In a move that raises questions about the indebtedness of the Adani group, it pledged shares of ACC and Ambuja Cements worth $13 billion, just days after the acquisition. That...