Stock Market News Updates

The Big Bad Bank announcement finally came on 16th September, with details of the government support. Finance Minister confirmed that the National Asset Reconstruction Company or NARCL, would be operational...

On Wednesday, the Union Cabinet cleared the Rs.25,938 crore PLI scheme for automobile sector. To be eligible for the performance-linked incentive (PLI) scheme, auto companies must invest Rs.2,000 crore for...

For August, trade data has been encouraging but the deficit also widened. Exports rose by 45.76% to $33.28 billion for Aug-21 compared to $22.83 billion in the same month last...

CPI inflation for August came in at a 4-month low of 5.3%, well within the RBI comfort limit of 6%. The CPI inflation has been steadily falling over the last...

The latest to hit the IPO market will be Fabindia, which was established in 1960 and sells products of over 40,000 artisans and craftsmen across India. Fabindia is looking at...

DIPAM announced the shortlist of BRLMs to manage the proposed IPO of LIC. The list of investment bankers include Kotak Mahindra, Goldman Sachs, JP Morgan, ICICI Securities, JM Financial, Citigroup,...

SEBI announced the introduction of  optional T+1 rolling settlement, effective from 01st Jan 2022. This was after SEBI received requests from various stakeholders to shorten the settlement cycle. To begin...

Rating agency, Fitch, has raised doubts over BPCL sale going through on times. Apart from process complexity, valuation disputes may also delay the process, according to Fitch. The agency continues...

With higher prices and soaring demand, India's crude steel output for FY22 is expected to touch a record 120 MT. That is nearly 18% higher compared to FY21, when India...

Early estimates indicate that Indian exports for the month of Aug-21 stood at $33.14 billion, 45.17% higher than last year. Export demand for engineering products, petroleum products and  gems &...

For the month of August, GST revenues came in at Rs.112,000 crore i.e. 30% higher than August last year. In the current year, the GST collections dipped below Rs.1 trillion...

GDP for Jun-21 quarter came in at 20.1%, largely along expected lines. However, this is more due to the low base as GDP had fallen -24.4% in Jun-20 quarter. However,...

Residential home sales across major cities in India was up 56% at 75 million SFT for the Jun-21 quarter. However, sales were sharply lower on sequential basis compared to 179...

For the week ended 27th August, a total of 8 out of the top-10 Nifty stocks by market cap gained Rs.190,032 crore in market value. Two of the biggest heavyweights;...

HDFC Bank has listed its 3.7% AT1 bonds at the IFSC in GIFT City, Gujarat. This is special for India as the AT1 bonds were dollar denominated and had raised...