Weekend Wrap: From Vedanta to Hindustan Zinc, top market movers this week

Top News NSE will launch four new indices on 8 April 2024 which are Nifty Tata Group 25% Cap, Nifty 500 Multicap India Manufacturing (50:30:20), Nifty 500 Multicap Infrastructure (50:30:20) and Nifty MidSmall Healthcare. India’s foreign exchange reserves (Forex) reserves increased by USD 2.95 billion to reach USD 645.58 BillionRead More →

Nifty Auto soars 75% in FY24; what lies ahead for the sector?

In Q3FY24, automotive companies experienced favorable year-on-year volume growth across multiple segments. This increase in volume was further reinforced by improved realisation, attributed to the implementation of premiumisation strategies and enhanced net pricing. Additionally, favorable margin performance was achieved through a beneficial product mix and advantages derived from the easingRead More →

Gold price continues to glitter in FY24; outlook bullish for next fiscal year

Gold prices in India maintained its shine during the financial year 2023-2024 driven by escalating geopolitical crises worldwide. Volatility in the yellow metal prices also remained high led by slowing growth in advanced economies and monetary tightening by global central banks amid high inflation. Gold has historically been viewed asRead More →