Stock Market News Updates

Oil appears to be on a boil as the price of WTI crude touched a 7-year high of $76.91/bbl. Brent is higher at $77.78/bbl, but the spread has substantially narrowed....

The government plans to sell 7.49% stake in NMDC through an offer for sale on 06 July, in a bid to mop up close to Rs.3,621 crore in divestment receipts....

For the week ended 02 July, 8 out of the 10 most valuable Indian companies on the Nifty by market cap saw combined erosion in value to the tune of...

The latest RBI Financial Stability Report has pegged gross NPAs of the Indian banking system in the range of 9.80%-11.22% as of Mar-22. This would be higher than the Mar-21...

Vodafone Idea reported net loss of Rs.7,023 crore for the Mar-21 quarter. This is narrower than the loss of Rs.11,644 in the Mar-20 quarter but wider than Rs.4,532 crore in...

Reliance has entered into a partnership with the Abu Dhabi National Oil Company or ADNOC to set up a facility at Ruwais near Abu Dhabi to position as a world...

The interest in Indian Fintech plays continues with the Abu Dhabi Investment Authority picking up a minority stake in MobiKwik for $20 million or nearly Rs.150 crore. This assigns a...

At its 44th AGM, Reliance Industries announced Rs.75,000 crore outlay to green energy. It inducted Yasir Al-Rumayyan into the board of RIL and affirmed that the stake sale in Reliance...

Bharat Electronics on Wednesday scaled a 3-year high price of Rs.167 after a reporting a strong set of results. For the Mar-21 quarter, BEL reported 30.7% growth in PAT at...

Federal Chairman, Jerome Powell, in his post policy testimony virtually reaffirmed the Fed's intent to encourage broad and inclusive recovery in the job market. In other words, Powell was emphasizing...

IIFL Home Finance proposes to raise a sum of Rs.5,000 crore to give a leg up to its lending business. The fund raising will be done through the issue of...

In an asset attachment threat to the Indian government-owned companies issued by Cairn Energy PLC, Air India has time till mid-July to challenge the lawsuit. Based on an arbitral award,...

The first estimates of June quarter GDP are out and UBS expects GDP to contract by -12% in the Jun-21 quarter. This will be a stark contrast to the positive...

This is likely to a very crucial meeting of the Fed as the US central bank is likely to flag off the start of talks about when and how to...

Rating agency, Fitch, placed negative outlook on Adani Ports and reiterated its “BBB1” ratings. The stock was down 1% on Tuesday but that can also be attributed to the recent...