Friday, December 08, 2023
India Business News
by SumCast
3M ago
Top things to know today morning: Indian Stock Market: After seven consecutive sessions of gains, benchmark indices took a breather on Thursday. Nifty fell below 20, 900, driven by selling in capital goods, FMCG, IT, and metal stocks. US Markets: Nasdaq surged 1.37% to 14,339.99 points on Thursday, driven by Alphabet and Advanced Micro Devices, boosting optimism about artificial intelligence. RBI's MPC Decision: RBI's Monetary Policy Committee is expected to keep the repo rate steady in its latest review. FII and DII Activity: Overseas investors continued to be net sellers in Indian equities f ..read more
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Wednesday, December 06, 2023
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: On Tuesday, the BSE Sensex surged by 431 points to reach 69,296, and the Nifty50 saw a climb of 168 points, reaching 20,855. The Indian rupee saw a marginal decline of 1 paisa against the U.S. dollar, closing at Rs 83.38. Brent crude oil futures settled at $77.20 a barrel, falling by 83 cents. Spot gold was down 0.4 percent at $2,018.29 per ounce. Dollar index was last up 0.12 percent at 103.73, hovering around one-week highs. Corporate Updates: State Bank of India (SBI): SBI is acquiring a 20 percent stake held by SBI Capital in SBI Pension Funds for Rs 2 ..read more
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Tuesday, December 05, 2023
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: On Monday, India's benchmark indices ended at a fresh high, gaining 2% for the first time in a year. The Indian rupee weakened 7 paise to close at 83.37 against the U.S. dollar. Benchmark Sensex and Nifty indices are likely to open marginally lower. Brent crude futures settled down 85 cents, at $78.03 a barrel. US gold futures settled down 2.3 percent at $2,042.20. The dollar ticked higher on Monday. Bitcoin breached $42,000 for the first time since early 2022. Stock specific updates Fireside Ventures is going to sell 61 lakh shares of Mamaearth. HCL Techno ..read more
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Tuesday, October 06, 2020
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: The Indian stock market is expected to open in the green. Oil prices climbed more than 5 per cent on Monday. SEBI comes out with uniform timeline for listing securities on private placement basis. Supreme Court has deferred the next hearing on loan moratorium to October 13. SEBI introduces very high-risk category in mutual fund schemes. Office absorption up 64% in third quarter, new completions increase 59%: JLL report Stock Specific News: HDFC Bank’s advances rose 16 percent to Rs 10.4 lakh crore, while deposits increased 20 percent to Rs 12.3 lakh crore ..read more
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Thursday, October 1, 2020
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: The Indian stock market is expected to have a gap-up opening. Oil prices fell for a second day on Wednesday. DGCA extends suspension of international commercial flights till October 31. India's external debt at $554.5 billion at June-end: RBI Government to borrow Rs 4.34 lakh crore in second half of FY21. Eight core industries' output contracts 8.5% in August. Centre extends GST return due date deadline for FY19 filing to October 31. US economy plunges 31.4% in spring but big rebound expected. Govt slashes domestic natural gas price by 25 percent to $1.79/mmB ..read more
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Wednesday, September 30, 2020
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: The Indian stock market is expected to open in the green. Oil drops second day as surging coronavirus cases prompt demand worries. RBI defers CCB implementation by 6 months due to COVID-19. RBI gives more time to states to avail additional market borrowing, OD facility. Ministry of Power is working on a proposal to reduce power purchase costs. Automobile sales may fall 20-25% this fiscal: Ind-Ra. Japan's factory output rises for third month in August. China's factory activity extends solid growth in September, new export orders surge: Caixin PMI. Sugar mills ..read more
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Monday, September 28, 2020
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: The Indian stock market is expected to open in the green. Oil edges lower as rising virus cases cloud demand recovery outlook. RBI is likely to keep interest rates unchanged. Centre violates GST compensation law, says CAG report. India's economy to experience record contraction in 2020-21: S&P India's crude steel output falls over 4% to 8.48 MT in August. India's forex reserves up by $3.378 billion to record $545.038 billion. Stock Specific News: Harley Davidson and Hero MotoCorp are likely to sign a distribution partnership in the coming days, said sou ..read more
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Friday, September 25, 2020
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: The Indian stock market is expected to open in the green. Oil steady as market eyes coronavirus hit to demand. Centre extends suspension of proceedings under IBC by 3 months. US weekly jobless claims unexpectedly rise. Social security code is expected to revamp the growing gig economy. India Ratings maintains negative outlook on NBFCs, HFCs for H2 FY21. Indian banking system will be one of the slowest to recover: S&P Banks sanction loans worth Rs 1.77 lakh crore to 44 lakh MSMEs under credit guarantee plan. Stock Specific News: TCS has bagged an order f ..read more
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Thursday, September 24, 2020
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: The Indian stock market is expected to open gap-down following weak global cues. Oil edges higher after U.S. crude, fuel stockpiles draw down. SEBI gives more time to trustees to appoint dedicated officer. Fed policymakers vow to keep interest rates near zero, call for more fiscal help. RBI discussion paper suggests 'sticky' food prices may be key to deciding policy rates. BSE to launch auto cancellation feature to prevent trade reversals in exclusive stocks. Stock Specific News: HDFC seeks to raise Rs 5,000 crore via private placement of bonds. Dr Reddy’s ..read more
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Wednesday, September 23, 2020
India Business News
by SumCast
3M ago
Top Things To Know Today Morning: The Indian market is likely to open on a flat note. Oil falls after surprise rise in U.S. crude inventories. Japan factory activity struggles to recover as output falls. Shapoorji Pallonji Group calls separation from Tatas ‘necessary’. India's current account to register temporary surplus of $30 billion in FY21: ICRA MF investors to get units only when schemes receive the funds. Serum Institute of India begins manufacture of Codagenix's nasal COVID-19 vaccine candidate. U.K. Prime Minister Boris Johnson announced new restructions that are likely to last six m ..read more
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