Stock Market News Updates

The US Federal Reserve published the minutes of the 02nd November FOMC meeting late on 23rd November 2022. Two things emerged from the FOMC minutes. Firstly, the views of the...

The PSU bank index touched a new high on Tuesday and has since surged by 73% from, is yearly lows. This is largely on the back of strong earnings in...

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...