Indian Stock Market Gains Amid Broad-Based Buying, But Foreign Outflows Loom Large

The Sensex and Nifty saw gains today due to broad-based buying, with both indices continuing their winning streak for the second day. The positive momentum was driven by a cooling off in oil prices, indicating a potential easing of tensions in the Iran-Israel conflict. However, analysts are cautious about the near-term outlook, citing concerns over … Read more

India’s Economic Strength Shines Amidst Global Challenges | Economic Affairs Secretary Highlights Resilient Growth

The Economic Affairs Secretary of India, Ajay Seth, emphasized the resilience of the Indian economy, noting that despite global challenges, India’s GDP growth estimate for the fiscal year has been revised upwards from 7.3% to 7.6% in the second advance estimates. Speaking at the Development Committee meeting, Seth highlighted India’s exceptional performance amidst sluggish global … Read more

India’s Economy to Grow 6.5% in 2024: UNCTAD Report Highlights Multinationals’ Impact

India’s economy is set to expand by 6.5% in 2024, maintaining its position as the world’s fastest-growing major economy. The UNCTAD report released on Tuesday highlights India’s growth trajectory, noting that the country’s GDP grew by 6.7% in 2023. The report underscores the positive impact of multinationals expanding their manufacturing operations in India to diversify … Read more

Sensex and Nifty Decline for Third Consecutive Session Amid Rising Bond Yields & West Asia Tensions

The Sensex and Nifty indices in India continued their downward trend for the third consecutive session on April 16, 2024. The ongoing Israel-Iran crisis and escalating tensions in West Asia have contributed to a cautious market sentiment globally, impacting equities. Additionally, the surge in US treasury bond yields, reaching a five-month high, has further dampened … Read more

Sensex, Nifty Slide 1% on Iran-Israel Conflict; Analysts Foresee Consolidation

Indian indices, the Sensex and Nifty, dipped around 1% on April 15 as tensions in West Asia led to a cautious market sentiment. Analysts anticipate a period of consolidation in the coming days, considering the recent upward trend and the onset of the earnings season. The Sensex dropped by 731 points to 73,502, while the … Read more

GQG and SBI MF Mull Up to Rs 6,500-cr Investments in Vodafone Idea’s Rs 18,000-cr FPO: Source

GQG and SBI Mutual Fund are eyeing investments of up to Rs 6,500 crore in Vodafone Idea’s forthcoming Rs 18,000 crore Follow-on Public Offering (FPO), which is set to become India’s largest secondary offering. According to sources familiar with the matter, investment firm GQG Partners, led by India-born executive Rajiv Jain, intends to invest approximately … Read more

Sensex, Nifty Decline 1% Amid Increased Selling Pressure; Focus Shifts to Q4 Results

As India Inc begins to unveil its performance for Q4 and FY 24, anticipation mounts for stock-specific movements. TCS leads the pack, set to release its numbers post-market today. A widespread sell-off drove the Sensex and Nifty down by 1% on April 12. Investor sentiment waned following higher-than-anticipated US inflation figures, dimming hopes for a … Read more

US Markets Decline as Hopes for Fed Rate Cuts are Delayed, S&P 500 Down 1%; GIFT Nifty Falls

The US markets experienced a decline as expectations for Federal Reserve rate cuts were postponed, primarily due to higher-than-expected Consumer Price Index (CPI) data for March. This unexpected rise in CPI, with a 0.4 percent month-over-month increase and a year-over-year figure of 3.5 percent compared to February’s 3.2 percent, dashed hopes for rate cuts in … Read more

ADB Raises India’s GDP Growth Forecast for FY25 to 7% on Strong Investment and Consumer Demand

The Asian Development Bank (ADB) has revised India’s GDP growth forecast for the current fiscal year to 7% from the previous estimate of 6.7%. This upward revision is attributed to the robust growth expected to be driven by both public and private sector investment demand, along with a gradual improvement in consumer demand. The forecast … Read more

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