Global ratings agency S&P Global has revised its economic outlook for India, reflecting global economic conditions and domestic challenges. While India’s GDP growth remains robust compared to other major economies, concerns like persistent food inflation, high interest rates, and transitory sectoral slowdowns weigh on the projections. Revised GDP Projections: Insights and Implications S&P Global is …
The Adani Group faces significant scrutiny following bribery and fraud charges from U.S. authorities. Allegations of improper payments to secure lucrative contracts and misleading public statements have severely impacted the group’s financial standing, causing a sharp decline in bond prices and market value. Bribery Allegations and Market Reaction Last week, U.S. prosecutors charged Gautam Adani, …
Indian Stocks Added to MSCI Global Standard Index In its latest reshuffle, the MSCI Global Standard Index has included BSE, Voltas, Alkem Laboratories, Kalyan Jewellers, and Oberoi Realty. These changes are going to take effect starting November 25, according to an official statement released on Thursday. Indian equities are anticipated to see total net FII …
On November 22, 2024, both the BSE Sensex and Nifty 50 ended the day in green. The BSE Sensex closed at 79,117.11, up by 1,961.32 points or 2.54%. Similarly, the Nifty50 also closed at 23,907.25, up by 557.35 points or 2.39%. Sectoral Performance All the sectoral indices ended in green on the NSE. Nifty IT and Nifty …
On November 22, 2024, at 07:45 AM, the GIFT Nifty futures were trading 30 points lower at 23,435.50. The benchmark index Sensex ended the session at 77,156, a decline of 423 points or 0.5% in the previous session. Likewise, the Nifty 50 ended at 23,350, a drop of 169 points or 0.7%. Check out a …
Darshan Mehta, a stalwart of Reliance Brands, is likely to step down as the Managing Director after nearly 17 years of transformative leadership. Joining the company at its inception in 2007, Mehta spearheaded its evolution into a dominant player in India’s luxury and premium retail sectors. From bringing global giants like Jimmy Choo and Balenciaga …
The Indian benchmark indices Nifty 50 and Sensex returned to positive territory after witnessing continuous red sessions. At 09:15 AM, Nifty 50 stood at 23,390.20, down 128.30 points, or 0.55% and Sensex stood at 77,711.11, down 291.24 points or 0.38%. PSU Bank, Media and Realty stock witnessed high selling pressure. In addition, Adani Group stock …
The Indian benchmark indices Sensex and Nifty 50 are poised to start lower due to mixed global cues. On November 21, 2024, Gift Nifty futures traded at 23,564, down 0.39% at 07:43 AM. Check out a few stocks that will be in focus during the trading session. UPL UPL through an exchange filing stated that it …
On November 21, 2024, both the BSE Sensex and Nifty 50 ended the day in red. The BSE Sensex closed at 77,155.79, down by 422.59 points or 0.54%. Similarly, the Nifty50 also closed at 23,349.90, down by 168.60 points or 0.72%. Sectoral Performance Nifty Realty and Nifty IT ended in green. On the other hand, Nifty PSU …
On November 19, 2024, both the BSE Sensex and NSE Nifty50 ended the day in green. The BSE Sensex closed at 77,578.38, up by 239.37 points or 0.31%. Similarly, the Nifty50 also closed at 23,518.50, up by 64.70 points or 0.28%. Sectoral Performance On Tuesday, Nifty Metal, Nifty PSU Bank and Nifty Oil & Gas …
