Stock Market News Updates

For the week ended 10-December, a total of 7 out of the 10 most valuable companies on the Nifty added Rs.228,367 crore in market capitalization. Reliance Industries was the biggest...

Mutual fund flows continued to be robust in November 2021, although the flow gains were neutralized by value depletion in equity funds. Equity funds saw net inflows of Rs.11,614 crore,...

In a span of just 2 days, the Sensex gained over 2,000 points adding to investor wealth by Rs.7.50 trillion in the process. The markets got a boost from the...

Fabindia, a major Indian retailer of ethnic-inspired clothing and furniture, will file for an IPO worth $500 million or Rs.3,750 crore. Fabindia is backed by Premji Invest, the family office...

In the light of the Omicron virus and general global hawkishness, a recent report by SBI urged RBI to go slow on liquidity tightening. The view is that it would...

Just a day after Reliance Capital was referred to the NCLT, another ADAG group company, Reliance Power, defaulted on interest payments to DBS Bank and IDBI Bank. The amounts were...

For November 2021, India reported record high trade deficit at $23.27 billion. This was the preliminary trade data put out by the Ministry of Commerce. Merchandise exports in Nov-21 were...

India’s Sep-21 quarter GDP grew 8.4%, almost at par with what the Reuters poll of economists had called. This is a good 50 basis points higher than what the RBI...

One of India’s leading sugar manufacturers, EID Parry, reduced total debt by over 63% in FY22. Both short term loans and long term loans have been brought down sharply and...

Coal India will be investing up to Rs.50,000 crore of capex over the next five years, of which Rs.17,000 crore capex is slated for FY22. Coal India has already spent...

SEBI has decided to put off the implementation of the proposed framework for segregation and monitoring of collateral at client level from 01-Dec to 28-Feb. The framework was conceived after...

SBI Research has pegged India’s GDP growth for FY22 higher in the range of 9.3%-9.6%. It has pegged growth at 8.1% for Q2. The spike in COVID cases was just...

It looks like US front-ending rate hikes could actually happen soon. US Fed governor, Christopher Waller, urged the FOMC to speed up the pace of tapering asset purchases in response...

One97 Communications, better known by its digital brand name Paytm, had a not-so impressive debut on the bourses. After opening 9% lower on 18-November, the stock eventually closed with losses...

Global brokerage house, UBS, has revised India’s GDP growth for FY22 from 8.9% to 9.5%. UBS has cited faster-than-expected recovery, rising consumer confidence and the spending spike as key reasons...