Indian equities markets closed lower on Monday amid weak trends in global markets and rise in crude oil prices due to the Middle East tension. Investors’ sentiments were dampened due to an uncertain global environment because of ongoing Israel-Palestine conflict and persistent FII selling. Foreign institutional investors (FIIs) on MondayRead More →
The Indian rupee traded flat against the US dollar on Friday as the Reserve Bank of India (RBI) likely stepped in to prevent the local unit from sliding towards its lifetime low. The rupee was trading around 83.23, barely changed from its close at 83.2425 in the previous session. TheRead More →
Indian stock markets rose marginally on Monday as weak global cues weighed on the investors’ sentiments. Gains in financials, consumer durables, realty and banking shares were offset by losses in IT, oil & gas and pharma shares. Foreign institutional investors (FIIs) on Monday sold shares of Indian companies worth Rs 10,843.68 crore and bought stocksRead More →
The Indian rupee opened 27 paise higher against the US dollar on Friday after JPMorgan’s announcement to include India in emerging market bond index, which is expected to lead to billions of dollars worth inflows. The local currency opened at 82.82 a dollar as compared to previous close of 83.09.Read More →
Indian stock markets extended their gains for the second trading session on Monday on encouraging domestic macroeconomic data and on hopes of a rate hike pause by the US Federal Reserve. Intense buying in IT and commodity stocks also bolstered the market sentiment. Foreign institutional investors (FIIs) on Monday sold shares of IndianRead More →
Foreign Exchange Reserves in India declined to 49,75,431 crores in the week ended July 21th 2023, the down from in nearly 50,04,017 crores months. In July, the yield on the Indian 10-year government bond declined to approximately 7.05%, reaching its lowest level in a month. This drop followed the globalRead More →
Responding to the expectations of slowdown in US Federal Reserve rate hikes, and slow wage growth data, the Indian rupee attained its one-month high against the US dollar on Tuesday. The rupee rose to 82.2225 to the dollar by 10:20 a.m. IST, up from 82.36 in the previous session. AtRead More →
Indian rupee emerged as Asia’s worst performing currency in 2022 depreciating around 11.5% against the US Dollar on strength in the greenback and capital outflows by foreign investors. FIIs pulled out around ₹2.75 lakh crores this year. Dollar has strengthened amid Russia-Ukraine conflict, global slowdown and global inflation concerns whichRead More →
Indian indices ended the last trading day of 2022 in the red after remaining flat for most of the session. They tanked sharply in the final hour of trade with Sensex shedding almost 300 points to close at 60,840, while Nifty ended the final trading day at 18,105, a dropRead More →
