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Asian stock markets fell on Wednesday after US inflation edged down less than expected, fueling concern the Fed might think more interest rate hikes are needed. Tokyo, Shanghai, Hong Kong and Sydney declined. Oil prices retreated. Traders expect two more US rate hikes of 0.25 percentage points this year to slow business activity and hiring. […]
Retail inflation again breached RBI’s upper tolerance limit and touched 6.52% in January, mainly due to higher prices in the food basket. Now all eyes are on the US inflation data set to be released today. Economists expect the inflation to have slowed to 6.2% in January. Adani stocks will continue to remain under the […]
Retail investors’ ownership in the market stood at 7.23 per cent in December 2022, marginally down from 7.34 per cent in September 2022. But in rupee terms, the same increased to ₹19.94 lakh crore from ₹19.48 lakh crore in the previous quarter, registering an increase of 2.35 per cent. In September 2022, the share was […]
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Adani Group stocks ended mostly lower after a review by MSCI Inc spurred concern about passive outflows from shares. The global index provider cut the number of shares it considers freely tradable for four of the companies, a move that will cause their weightings in its indexes to drop. Meanwhile, the conglomerate has hired US […]
Global investors remain uncertain about the future course of interest rates and inflation and the negative sentiment is getting reflected in the market as Asian indices had a mixed day. Moreover, the drag in Adani stocks came back to haunt the investors after MSCI Inc said it was reviewing the number of shares linked to […]
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On expected lines, RBI settled for a smaller 25 basis points repo rate hike. RBI increased the FY23 GDP growth estimate to 7% from 6.8% and expects the retail inflation to be at 5.6% in Q4. Most Adani Group firms rose in today’s session with Adani Enterprises jumping 23% and Adani Wilmar hitting the upper […]
Leading bourse Bombay Stock Exchange (BSE) on Tuesday said it will offload 2.5% stake in Central Depository Services (India) Ltd. The stake sale will be carried out through offer for sale (OFS) route. Shares of CDSL closed 0.73% lower at ₹1,002.50 apiece on the NSE on Tuesday. CDSL is one of the two depositories in […]
A lot of Adani companies will be declaring their quarterly earnings report today which might have an effect on investor sentiment on the group. Adani Transmission reported a healthy profit on Monday which might boost investor confidence in the group. 07 Feb 2023, 07:59:16 AM IST Rupee falls 68 paise to close at 1-month […]
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As the Hindenburg-Adani row continues, the National Stock Exchange of India and the Bombay Stock Exchange has put three of the group’s companies under its short-term additional surveillance measure (ASM) framework. The development came even as S&P Dow Jones said it would drop Adani Enterprises from sustainability indices and the NSE put two Adani Group […]
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Adani stocks steadied in the second half of today’s session after stock exchanges placed Adani Enterprises, Adani Ports and Ambuja Cements under the short-term additional surveillance measure (ASM) framework. Adani Ports moved into green and Adani Enterprises pared most of the morning losses. Earlier, it was reported that Adani Enterprises shares will be removed from […]
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