Despite commencing the trading session with a notable flat performance, domestic indices experienced a significant decline later, while broader markets encountered substantial selling pressure. At 10.25 am, the BSE Sensex declined 0.49%, reaching a level of 71,241. The Nifty 50 index fell 0.56% to the 21,660 level. On the Sensex, Wipro, HCL Technologies and Infosys …
About Project India’s green hydrogen aspirations received a major boost with the announcement of Gensol Engineering Ltd. and Matrix Gas & Renewables Ltd. winning a crucial bid for an advanced Electrolyser Plant under the Sustainable Hydrogen Innovation & Green Hydrogen Technologies (SIGHT) program. This significant development marks a pivotal step towards achieving India’s ambitious goal …
On February 9, 2024, the Nifty 50 and Sensex saw modest gains, increasing by 0.30% and 0.23% to close at 21,782 and 71,595, respectively. Market volatility was evident on Friday, attributed to a prevailing pessimistic sentiment among investors. Foreign Institutional Investors (FII) showed buying activity worth ₹141 crore, while Domestic Institutional Investors (DII) engaged in …
When it comes to raising capital, Indian companies often explore foreign markets, particularly for dollar-denominated bonds. While this can be a lucrative option, a hidden dragon is lurking in the shadows: currency fluctuations. Let’s dive into the case of Reliance Industries, their recent $4 billion bond issue, and the potential pitfalls of foreign borrowing. Reliance’s …
Today the NSE Nifty50 and BSE Sensex, ended the day in the green. The Nifty50 closed at 21,743.25, registering a significant rise of 127.20 points or a 0.59% increase compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 71,555, reflecting a rise of around 483 points. Among all the stocks listed …
F&O Ban on Tata Power Shares Tata Power shares have been made to bear the brunt of the trade ban imposed on Thursday, April 21, 2022. This ban applies to the National Stock Exchange (or NSE’s) futures and options (or F&O) segment. The reason why this F&O ban has been imposed stems from the fact …
About the Joint Venture JSW Steel has entered into a 50:50 joint venture (JV) with JFE Steel Corporation, Japan for the production of Grain Oriented Electrical Steel in India. The new company JSW Electrical Steel, to be renamed JSW JFE Electrical Steel, will have its manufacturing base in District Bellary, Karnataka, and will be set …
About the Order HPL Electric & Power Limited (HPL), a leading manufacturer of electrical equipment, has scored a major victory, securing an Rs181 crore (inclusive of tax) order for smart meters from a prominent Accelerated Metering Infrastructure Scheme (AMISP) client. This significant contract, awarded in the normal course of business, underlines HPL’s growing presence and …
On February 13, Hindalco Industries Ltd, a prominent player in the aluminium industry, witnessed a notable event that sent ripples through the investment landscape. Understanding the Plunge Hindalco’s share price takes a nosedive, plummeting by more than 10% in a single day. The cause? Its US-based subsidiary, Novelis, revises its return guidance for the Bay …
As you decide to enter the realm of futures trading, you must update yourself on all aspects of future trading strategies. In the world of futures, expiration and rollover are the two most important terms. Futures contracts have a limited lifespan; rollover in futures contracts allows traders to extend the lifespan when they expect a …
