Nifty has reclaimed the 20,000 mark after 47 trading sessions, driven by positive global cues and notable gains in heavyweights like HDFC Bank, Infosys, and Reliance Industries (RIL). The market optimism was further supported by dovish remarks from US Federal Reserve official Christopher Waller, hinting at a potential interest rate cut in March 2024 if … Read more
The Diwali Muhurat Trading for the new Samvat in 2023 is scheduled to occur on November 12, running from 6:00 PM to 7:15 PM. This information was reported by NSE and BSE on October 27. During Diwali, the stock exchanges are open for a brief one-hour session, allowing traders to initiate symbolic trades to usher … Read more
The data table below presents the Wholesale Price Index (WPI) inflation figures for India in September 2023, along with some significant changes from the previous month (August 2023) and relevant indices. WPI measures the average change over time in the prices of a selected basket of wholesale goods and represents a crucial economic indicator reflecting … Read more
The data table below provides information on vehicle sales, exports, and production in India for the months of September and the cumulative data for July to September. The data is sourced from the Society of Indian Automobile Manufacturers (SIAM) and covers various categories of vehicles, including passenger vehicles, two-wheelers, three-wheelers, commercial vehicles, and more. It … Read more
The deadline for Mutual Fund (MF) nomination updates, which is set for September 30, 2023, is fast approaching, and there is still a significant number of PAN holders who have not completed this task. According to records from the registrar and transfer agent (RTA) CAMS, over 2.5 million PAN card holders have not yet updated … Read more
On Monday, the frontline indices, namely the Sensex and the Nifty, concluded with substantial gains. The Nifty reached a fresh record high during the trading session, while the Sensex reclaimed the 67,000 mark, driven by widespread buying activity. In a historic moment, the Nifty breached the coveted 20,000 mark for the first time, achieving an … Read more
Today, June 13, the US Labor Department announced that US inflation rate decreased from 4.9 percent to 4 percent on a year-on-year basis. This marks the lowest inflation rate in two years. Additionally, on a month-on-month basis, the consumer price index data showed a reduction from 0.4 percent to 0.1 percent, according to the Labor … Read more
