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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. […]
Sensex rose by 600.42 points or 0.99% to end at 61,032.26. While Nifty 50 soared by 158.95 points or 0.89% to close at 17,929.85. Bank Nifty gained by 366.15 points or 0.89% to finish at 41,648.35. India’s volatility index was down by nearly 2%. On Tuesday’s performance, Ajit Mishra, VP – of Technical Research, at […]
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 […]
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Expecting no major upside in commodity prices and stable growth in domestic economy, Morgan Stanley has predicted that 30-stock BSE Sensex may touch 68,500 levels by end of December 2023. The global financial company said that level mentioned above for the key benchmark index of Dalal Street suggests that it will trade at a trailing […]
Indian benchmark indices – Nifty and Sensex – ended marginally lower after lacklustre day of trade on weak global cues and some nervousness around Adani stocks. Most European markets remained lower after a drop in the US market yesterday. Mid and small cap stocks outperformed the key indices. The BSE Midcap index was flat, with […]
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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 […]
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. Â Most Adani Group firms rose in today’s session with Adani Enterprises jumping 23% and Adani Wilmar hitting the upper […]
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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. Â Â 07 Feb 2023, 07:59:16 AM IST Rupee falls 68 paise to close at 1-month […]
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Foreign portfolio investors (FPIs) continued to be net sellers so far in 2023. In just three days of February, the outflow from foreign investors is to the tune of ₹5,753 crore from equities. In January, the outflow came in at around ₹28,852 crore. While the equity market records selling pressure, FPIs however have risen for […]
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