Stock Market News Updates

For the week ended 13 August, 8 out of the 10 most valuable companies on the Nifty added market value to the tune of Rs.160,400 crore. TCS and RIL contributed...

CPI inflation for Jul-21 fell to a 3-month low of 5.59%, sharply lower than the 6.26% recorded in the month of Jun-21. The big driver of lower inflation was food...

As the outlook for metals gets stronger, Vedanta plans to invest $20 billion across its businesses, including doubling of silver production and steel capacities. For now, Agarwal has only given...

For the month of July 2021, the total inflows into equity funds stood at Rs.22,583 crore, almost twice the peak inflow in the months of March and May this year....

Four major IPOs are slated to open for subscription this week. CarTrade and Nuvoco Vistas will open on 09 August while Chemplast Sanmar and Aptus Value Housing will open on...

In a significant move by the Indian government , the government introduced a Bill in Parliament to nullify the provision of retrospective taxation in the Income Tax Act. This brings...

Reliance Industries plans to double its PET recycling capacity by setting up a recycled PSF manufacturing facility in the state of Andhra Pradesh. This is in line with the endeavour...

On Tuesday the Sensex ended 872 points higher so there was hardly any surprise that the BSE scaled the market cap level of Rs.240 lakh crore or $3.25 trillion approximately....

July was another strong month for exports as per data put out by the Ministry of Commerce. Exports were up 48% yoy at $35.17 billion. Cumulatively, exports have grown by...

GST collections for July 2021 came in at Rs.1,16,393 crore, crossing the Rs.1.1 trillion mark once again giving a clear indication that the recovery post COVID 2.0 was underway. This...

The US economy reported GDP growth at 6.5% for the Jun-21 quarter. This is marginally lower than the original estimate of 6.4%, but stays robust nevertheless. The expansion in GDP...

Maruti Suzuki reported net profits of Rs.441 crore for the Jun-21 quarter as against  net loss of Rs.249 crore in the Jun-20 quarter. The sales of cars remained disrupted in...

IMF scaled down India’s GDP growth projection by 300 basis points to 9.5% for FY22 on account of COVID 2.0. This was revealed by IMF in its latest edition of...

Tata Motors reported a net loss of Rs.4,451 crore for the Jun-21 quarter, surely narrower than the loss of Rs.8,444 crore reported in the Jun-20 quarter. A severe shortage of...

For Jun-21 quarter, ICICI Bank reported 78% higher net profit on Saturday at Rs.4,616 crore, largely on the back of a 62% fall in provisioning for loan losses. However, the...