Domestic equity markets, which are at record high levels, will be driven by quarterly earnings, global trends and foreign fund movement, analysts said. The movement of rupee and global oil benchmark Brent crude will also be tracked by investors. “The direction of global stock markets, fluctuations in the rupee-to-dollar exchange rate, and movement in crude oil prices will all play a crucial role in influencing the overall market trend.
Posts tagged Rediff
Govt to now sell discounted tomatoes at Rs 80/kg (16-07-2023)
The Centre will sell tomatoes at Rs 80 per kg from Sunday, as against Rs 90 per kg earlier, to provide relief to people from high prices of the key kitchen item in retail markets.
Tomato prices jump to Rs 250/kg in major cities (16-07-2023)
In a statement, the department of consumer affairs said about 18,000 kg of tomatoes were sold across Delhi-NCR to retail consumers.
Uday Kotak will be non-exec board member in Kotak bank (15-07-2023)
Ahead of the end of his term as the Kotak Mahindra Bank’s chief executive and managing director, Uday Kotak has said he will be a “non-executive board governance member and a strategic shareholder” going ahead. In the private sector lender’s annual report, the last such message from him as the MD and CEO before he relinquishes the position at the end of 2023, Kotak reminisced about the institution’s journey, pointing out that Rs 10,000 invested in 1985 is worth over Rs 300 crore today. “Going forward, I see my role as a non-executive board governance member and a strategic shareholder with a long term perspective of nurturing a world class institution,” Kotak said in the annual report.
What to expect from merged HDFC Bank’s Q1 report (15-07-2023)
This will be the lender’s first result after its merger with HDFC Ltd, effective from July 1, and will keep analysts glued to the management’s earnings growth guidance for the merged financial behemoth.
Forex reserves rise $1.23 billion to $596.28 billion (14-07-2023)
India’s foreign exchange reserves jumped $1.23 billion to $596.28 billion in the week ended July 7, the Reserve Bank of India said on Friday. In the previous reporting week, the overall forex reserves increased $1.85 billion to $595.05 billion. In October 2021, the country’s forex kitty had reached an all-time high of $645 billion.
In June, exports see steepest monthly fall in 3 yrs (14-07-2023)
India’s exports contracted by 22 per cent, the steepest decline in the last three years, to $32.97 billion in June on account of global demand slowdown, especially in the Western markets like the US and Europe. According to the data of the commerce ministry, the trade deficit in June stood at $20.3 billion against $22.07 billion in the same month last year due to a fall in exports and imports. The inbound shipments during the month under review declined by a steep 17.48 per cent to $53.10 billion.
Sensex closes above 66,000-mark for 1st time (14-07-2023)
Benchmark BSE Sensex closed above the historic 66,000-mark for the first time while NSE Nifty hit a new all-time closing high driven by heavy buying in IT counters and fresh foreign fund inflows. Optimism in global equity markets also helped the local markets maintain their winning momentum for a second day. The 30-share BSE Sensex jumped 502.01 points or 0.77 per cent to settle at its new all-time closing high of 66,060.90.
Sensex closes above 66,000-mark for 1st time (14-07-2023)
Benchmark BSE Sensex closed above the historic 66,000-mark for the first time while NSE Nifty hit a new all-time closing high driven by heavy buying in IT counters and fresh foreign fund inflows. Optimism in global equity markets also helped the local markets maintain their winning momentum for a second day. The 30-share BSE Sensex jumped 502.01 points or 0.77 per cent to settle at its new all-time closing high of 66,060.90.
Wholesale inflation contracts to (-) 4.12% in Jun (14-07-2023)
The wholesale price-based inflation rate declined to (-) 4.12 per cent in June on easing prices of food, fuel and manufactured items. The wholesale price index (WPI) based inflation in May was (-) 3.48 per cent. In June last year, it was 16.23 per cent.