The Indian Rupee has been on a decline due to continuous foreign fund outflows and a risk-averse environment. At the end of February 2022, when the Russia-Ukraine war started, the…
Sensex ends flat, Bank Nifty trades in oversold territory; downside in Nifty may continue till 15000
BSE Sensex and Nifty 50 ended flat with a negative bias on Friday in a choppy session. BSE Sensex was down 135 points or 0.3 per cent to end at…
Finolex Industries’ capacity expansion in the pipeline
Ajit Venkataraman, MD, Finolex Industries, said the company has several projects in the pipeline for capacity expansion, which will be in the pipes and fittings segment. The company is working…
Oil & Gas: Govt decision deals sector a blow
We reckon the Rs 6/6/13 per litre export tax levied on petrol/ATF/diesel shall shave off $6.3/bbl GRM, or EPS upside of Rs 2.5/month for RIL under the base case—“exports of…
Share Market Highlights: Sensex gains over 450 pts, Nifty ends shy of 15700; Reliance, ICICI Bank lead gains
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices ended higher for the second consecutive day with Nifty ending just shy of 15700. At close, the…
HAL share price rallies 45% YTD; this brokerage says buy, sees 22% further upside in defence PSU stock
Hindustan Aeronautics Ltd (HAL) share price has surged 45 per cent so far in 2022. The defence PSU company stock has outperformed benchmark Nifty 50 which has tanked around 10…
Rupee depreciates to hit fresh lifetime low after June trade deficit data stokes wider CAD fears
The Indian rupee weakened further to touch a fresh record low against the U.S. dollar in afternoon trade on Tuesday as concerns of a wider current account deficit resurfaced the…
Auto sector: PV wholesales in line, MHCVs ahead
Industry wholesale volumes were largely in line with our estimates for passenger vehicles (PVs), while those for medium heavy commercial vehicles (MHCVs) were ahead. We note a strong high-base effect…
Four million Indian students went abroad to pursue international studies
Most international students in OECD countries come from Asia. In 2021, close to 60% of international students in the OECD came from Asia, mostly from China and India. According to…
Share Market Highlights: Sensex zooms 433 points to end at 53161, Nifty closes above 15800; L&T stock top gainer
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Dalal Street continued its up-move on Monday and headline indices closed with gains. S&P BSE Sensex gained 433 points or…