News Roundup and Market Update: 22/10/21

News Roundup ▫️ India has crossed 1 billion vaccination mark. 30% of the population is now fully vaccinated, while 75% have received their first dose. ▫️PM Gati Shakti Plan received Cabinet approval. ▫️ Amazon has moved to Supreme Court after receiving favourable judgement from Singapore court, against Future Retail - RIL deal. ▫️ Bombay High [...]

News Bulletin and Market Update: 11/10/2021

News Bulletin ▫️ Andhra Pradesh, Delhi and Rajasthan seeks centre support for power crisis. ▫️Centre clears the fear over coal crisis and said there is enough coal with Coal India Limited and power companies to provide power to the country. ▫️Reliance Industries bought foreign solar panel equipment manufacturer REC Solar Company for ₹5,800 crores. ▫️ [...]

Market Update and News Bulletin: 28/09/2021

Market Update ▫️India bourses continued their bull run and closed marginally up at record high, backed by strong buying in RIL and auto sector, counterbalanced by profit booking in IT sector. ▫️Sensex and Nifty ended the day at 60,078 (+0.05%) and 17,855 (+0.01%). ▫️ Sectorwise, auto, realty, banking, oil and gas outperformed, while IT, healthcare [...]

News Roundup and Market Update 27/09/2021

Market Update ▫️ Indian markets continued to climb, riding on the back of sharp economic recovery. Investors continued to show interest in India markets, even though it is now very expensive. ▫️Sensex and Nifty ended at 60,048 (+0.27%) and 17,853 (0.17%). ▫️ Sectorwise, real estate outperformed the market while metal, psu bank and commodities underperformed. [...]

Market Update and News Bulletin: 22/09/21

Market Update ▫️Indian markets witnesses a mixed session yesterday, and markets recovered sharply in the second half after fears of contagion effect from the fall out of Evergrande eased. ▫️Sensex and Nifty closed positive at 59,005 (+0.88%) and 17,562 (+0.95%). ▫️ Volatility Index VIX fell by 5.55% to 16.52, reflection increased investor confidence. ▫️Real Estate, [...]

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, [...]

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 [...]