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Stock Indices open lower as the market starts the day on downturn

10 Aug 2023 12:27 PM IST

Key indices fell when the stock market opened on Thursday, signaling a cautious start to trading for the day. The Sensex opened down by 186.91 points at 65,795.75, while the Nifty was down by 57.85 points at 19,580.75 at the time of writing this article. Investor sentiment remained mixed as

RBI revises inflation outlook for 2023-24, sees “substantial increase” in near-term

10 Aug 2023 11:34 AM IST

The Reserve Bank of India has upwardly revised the country’s retail inflation projections for 2023-24 at 5.4 per cent, against 5.1 per cent it projected in its previous monetary policy meeting in June. RBI Governor Shaktikanta Das, as part of his remarks after the policy meeting, said assuming a normal

Equities rise aided by European markets, investors eye RBI’s policy and US data

10 Aug 2023 08:15 AM IST

Despite initial volatility, India’s equity benchmark indices registered gains on Wednesday, largely driven by last-minute buying in prominent companies such as Reliance Industries, ITC, and M&M, coupled with a positive opening in European markets. Most investors treaded cautiously throughout the trading session, given the impending announcements of the RBI’s monetary

Orient Green power board to meet tomorrow to discuss rights issue

09 Aug 2023 13:28 PM IST

On Thursday, August 10th, the Orient Green Power board will meet to consider a rights issue of shares. For the purpose of reducing debt and funding industry expansion in renewable energy, the company is considering a rights issue. Over 400 megawatts (MW) of power may be produced independently by Orient

Experts expect status quo in interest rates from ongoing RBI monetary policy

09 Aug 2023 11:55 AM IST

The results of the third monetary policy committee meeting of the Reserve Bank of India will be made public on Thursday morning. RBI typically conducts six bi-monthly meetings in a financial year, where it decides interest rates, money supply, inflation outlook, and various macroeconomic indicators. The ongoing three-day meeting started

Stock market sees mixed trends: Sensex, Nifty witness fluctuations

09 Aug 2023 11:18 AM IST

As trading got underway on Wednesday, the stock market experienced some uncertainty. Early fluctuations were seen in both the Sensex and Nifty indices, with the Sensex falling 183.77 points to reach 65,649.73 and the Nifty falling 38.95 points to reach 19,531.65. The trading session that followed, marked by fluctuating share

Indian stock market experiences varied movement

08 Aug 2023 10:39 AM IST

The Sensex and Nifty fluctuated, causing some minor volatility in the Indian stock market. The Sensex plunged 41.40 points to slip at 65,908.91, while the Nifty experienced a dip of 9.75 points to stand at 19,587.60. Despite the fluctuations, the overall market sentiment remained mixed, with 29 shares advancing, 21

AESL attains financial closure for $1 billion power project in Mumbai

08 Aug 2023 09:05 AM IST

Adani Energy Solutions Limited (AESL) has announced the successful financial closure of its $1 billion green high voltage direct current (HVDC) link project. This project aims to contribute to the environmental improvement of the Mumbai Grid by supplying additional renewable power to meet the city’s growing electricity demands, the company

Market opens strong on Monday: Sensex surges and Nifty gains

07 Aug 2023 10:50 AM IST

As investors and traders were greeted with a green opening on Monday, the Indian stock market saw a strong start to the trading week. The benchmark index, the Sensex, displayed a striking increase, rising 167.31 points to finish at 65,888.56. The Nifty followed suit, also enjoying a successful run, rising

Indian stocks rise after three straight session losses

04 Aug 2023 10:51 AM IST

The majority of the fresh buying on Friday helped Indian stock indices trade slightly higher after experiencing intense selling pressure over the previous two to three sessions. At the time this report was being written, the Sensex and Nifty were both 0.3-0.4% higher than where they had closed the day

National e-commerce policy nears completion: Stakeholders reach consensus

04 Aug 2023 08:58 AM IST

The national e-commerce policy, a crucial blueprint for the future of India’s burgeoning digital commerce sector, is nearing its completion, according to a high-ranking government official. A consensus has emerged among key stakeholders on the policy, which is currently in its final stages. The Commerce and Industry Ministry organised a

Ambuja Cements acquires Sanghi Industries in Rs 5,000 crore deal

04 Aug 2023 08:58 AM IST

Ambuja Cements Ltd (ACL) has announced its acquisition of Sanghi Industries Ltd (SIL) in a deal valued at Rs 5,000 crore. The purchase is expected to strengthen Ambuja’s market presence and increase its cement capacity to 73.6 million tonnes per annum (MTPA). The acquisition, fully funded through internal accruals, will