The Reserve Bank of India’s Monetary Policy Committee started its three-day conference on Tuesday to review the economic situation and discuss interest rates. The six-member RBI MPC, responsible for setting India’s benchmark interest rates, began its discussions on August 6 and will conclude on August 8. Changes to the repo […]
Indian stock market
Indian stock market: On Tuesday, Indian stock market benchmarks—the Sensex and Nifty 50—continued to decline for the third consecutive session as investors stayed cautious due to ongoing worries about a potential economic slowdown in the US, geopolitical tensions in the Middle East, and high market valuations. The Sensex began the […]
RBI MPC meeting begins: Amid global market turmoil and growing calls for a significant rate cut by the Fed, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is currently convening to determine the policy rates and stance. RBI Governor Shaktikanta Das will announce the policy outcome on Thursday, […]
Bulkcorp International IPO listing: Broadly in sync with the trends observed in the grey market in the last couple of days, shares of Bulkcorp International made a healthy debut on the Indian stock market on Tuesday, August 6. Bulkcorp International share price was listed at a premium of 24 per […]
There is mayhem in the markets globally. Key indices in the US—the Nasdaq, the S&P 500, and the Dow Jones—and major European markets, including the UK’s FTSE, France’s CAC 40, and Germany’s DAX—suffered massive losses on August 5 on mounting fears that the US was staring at a recession and […]
Amid fresh concerns of a looming recession in the US triggered by weaker-than-expected July payroll data, expectations have soared that the US Fed could potentially propose a significant rate cut in its next policy meeting in September. July payroll data last Friday showed the US unemployment rate jumped to near […]
Chairperson of the Securities and Exchanges Board of India (SEBI) Madhabi Puri Buch said it is a matter of great pride for Indians that the country has ranked number one on the global league tables of initial public offerings (IPOs) to have the highest number of IPO’s, at a FICCI […]
This week, the domestic market reached the psychological milestone of 25,000, with a peak at 25,078.30 before closing at 24,717. The market experienced a brief surge, in the last 7days, before consolidating due to subdued quarterly results & clampdown in Asian market like Japan. Initially, the week started positively as […]
Zomato share price surged nearly 10 per cent in morning trade on Friday, August 2, to hit a fresh all-time high of ₹256.80, a day after the company reported its April-June quarter (Q1FY25) results. The stock opened 5 per cent higher at ₹244 apiece on the BSE. As Mint reported […]
The rally on Thursday was due in large part to a surge in shares of HDFC Bank, Reliance Industries, Power Grid Corporation of India and Coal India, with the oil & gas, consumable fuels, financial services, and power sectors leading the charge. Information technology and automobile stocks lagged behind. There […]