Daily Dose of Market and News: 17/09/21

Market Update ▫️ Indian markets extended the rally, on account of support measures announced by the government for various sectors. ▫️Sensex and Nifty closed at 59,141 (+0.71%) and 17,629 (0.69%). ▫️Banking Sector was show stealer which jumped on expectations of Finance Minister's announcement of government funded Bad Bank. Nifty Bank and Nifty PSU Bank surged [...]

Market Update and News Bulletin: 16/09/2021

Market Update▫️Indian markets touched all time high yesterday, backed by government announced schemes for auto and telecom sector.▫️Sensex and Nifty ended the day at 58,723 (+0.82%) and 17,519 (+0.80%).▫️Nifty Midcap and Smallcap performed in line with the frontline benchmark and ended the day with a gain of 1.02% and 0.65%. While market breadth was strong, [...]

Your Daily Dose of Market and News Update 15/09/21

Market Update▫️Indian markets ended the day with moderate gains, amid positive global cues, likelihood of telecom relief package and Auto PLI scheme. Marginally higher Wholesale inflation data restricted the gain.▫️Overall, Sensex and Nifty closed in green at 58,247 (+0.12%) and 17,380 (+0.14%).▫️Broader Markets continue to outshine the benchmark, with Nifty Midcap and Smallcap ending with [...]

News Bulletin and Market Update 14/09/21

News Bulletin▫️ Retail Inflation eased to 4 month low of 5.30% in August. This will cool pressure from RBI to curb liquidity (positive for market).▫️Old dues to private power generation companies from distribution companies touched ₹49,000 crores and is a cause of concern.▫️Jet Airways will again touch the sky in 2022, and has already hired [...]

News Bulletin and Market Update: 13/09/2021

News Bulletin▫️ Govt. to provide incentives for building textile parks near ports to boost exports.▫️PLI Scheme tenure for IT hardware may be extended by 1 year.▫️Coal India likely to hike coal prices by 10-11%, to cover the impact of increased cost.▫️Banks lending to small NBFCs saw negative growth of -2.2% in June, while in July [...]

Cixit: All you need to know about Citi’s India exit!

India's largest and oldest foreign bank is all set to bid adieu to India's consumer banking business. The announcement baffled bankers all across the country, as the Citi Group has decent market share in world's second largest country. The article may be little lengthy, as we will try to cover all possible aspects of the [...]