Stock Market News Updates

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...

SEBI put in abeyance the IPO of Go Digit General Insurance; backed by Virat Kohli, Anushka Sharma and the Canada based Fairfax group. Go Digit filed its DRHP in mid-August...

Last week, 6 out of the top-10 most valuable companies in India by market cap suffered value erosion of Rs200,281 crore. The losses were led by IT frontliners. Among major...

Fitch lowered India's GDP forecast for FY23 to 7% from its June 2022 estimate of 7.8%. Even FY24 GDP estimates had been pared lower from 7.4% to 6.7%. The downgrade...

In a move that was largely on expected lines, Goldman Sachs downgraded top Indian IT companies like TCS and Infosys from “Buy” to “Sell”. Goldman had cited the slowdown in...

US Consumer inflation for August 2022 was marginally lower at 8.3%, but still nearly 20 bps higher than street estimates. While gasoline prices have been tapering, that has been more...

Year 2022 may not have been great for equity markets, but IPOs have given 50% returns on an average. Sensex returns in this period were just 1.6%. In 2022, year-to-date,...

India’s 10 most valuable listed companies added Rs.133,747 crore in market cap last week. The surge was led by TCS, RIL and Infosys. While TCS gained Rs.26,249 crore in market...

Crude oil fell sharply on Wednesday to the lowest level since January 2022. A combination of dollar surge and global demand concerns weighed on prices. The Brent Crude was quoting...

Less than a week after Moody’s had cut its GDP forecast for FY23, it has maintained India’s sovereign rating at Baa3 with Stable outlook. Moody’s has highlighted India’s key strengths...

The RBI governor underlined that the central bank was not just managing inflation expectations but also anchoring rupee depreciation expectations. Das said that this had become relevant in the context...

Merchandise exports for August 2022 came in 9% lower on sequential basis at $33 billion as per the early estimates put out by the Ministry of Commerce. The final data...

According to a report by Swiss Re, India is likely to become the 6th largest insurance market in the world in next 10 years. Total insurance premiums are expected to...

Sequoia Capital joined other institutional investors like Tiger Global, Uber Holdings and Moore Strategic Ventures who have partially or fully offloaded their shareholdings in Zomato. Sequoia has been investedin Zomato...