The Nifty closes above 23,400 and the Sensex jumps over 900 points; the main reasons of the big gains
On March 16, value purchasing surfaced from lower levels and markets reversed three-day losses, resulting in benchmark indices Sensex and Nifty closing in deep green. The Nifty ended at 23,408.80, up 257.70 points, while the Sensex closed at 75,502.85, up 938.93 points or 1.26%. 2,772 shares fell, 1,410 shares increased, and 157 shares remained constant….
India’s trade deficit decreases to $27.1 billion in February as imports decline and exports slightly increase.
According to a PTI report, India’s merchandise trade deficit shrank to $27.1 billion in February from $34.68 billion in January. In January, merchandise exports increased slightly to $36.61 billion from $36.56 billion, while imports decreased to $63.71 billion from $71.24 billion. India’s exports increased by 1.8% to $402.93 billion between April and February of this…
IOC, BPCL, and HPCL margins could be impacted by the crude surge: S&P Global rating
Crude prices have increased as a result of the Middle East conflict’s ongoing effects on the Strait of Hormuz’s oil supply. According to PTI, S&P Global Ratings might negatively impact the profit margins of oil marketing firms like IOC, BPCL, and HPCL, which might maintain retail gasoline and diesel prices in order to reduce inflationary…
Under the new CPI series, February inflation rises to 3.21%, while food inflation reaches 3.47%.
The CPI inflation rate in February was 3.21%, up from 2.75% in January. The headline retail inflation increased by 47 basis points year over year (YoY). With the base year changed from 2012 to 2024, the government’s new CPI series includes the February retail inflation data as its second reading. The Ministry of Statistics and…
NSE IX: How can I purchase US equities on a global trading platform?
Indian residents and non-resident investors can purchase US equities from India through NSE IX (NSE International Exchange), a fully owned subsidiary of National Stock Exchange of India Limited (NSE), which is presently governed by IFSCA. Only by becoming a client of an NSE IX trading member can Indian retail investors purchase NSE IX receipts (US…
The rupee falls 13 paise to 91.94 against the US dollar as crude prices are the main focus.
On March 11, the rupee fell 14 paise at the opening, as sentiment was affected by volatile Brent crude and ongoing foreign-fund outflows. The Reserve Bank of India’s (RBI) aggressive dollar-selling strategy keeps the currency anchored and keeps it from falling below the 92 level. After closing the previous session at Rs 91.81, the rupee…
Foodgrain Output Pegged 3% Up at 349 Million Tonnes in 2025-26
India is expected to see a 3% increase in total foodgrain production, reaching around 349 million tonnes in the 2025–26 crop year, according to the government’s second advance estimates. The rise is mainly driven by record production of wheat, maize (corn), and mustard during the rabi season, while rice and sugarcane output from the kharif…
Crude Oil $120! Will Petrol Price Rise Again in India!!!
The price of crude oil in the world market was once as high as $120 per barrel. Now it has come down to around $100. Although it is thought that India will get a big profit due to the low price, it is not so in reality. The reason is that the value of the…
India silver ETFs saw their first net outflow in 27 months.
Due to a significant increase in silver prices and increased volatility, India’s silver exchange-traded funds (ETFs) saw their first net outflow in 27 months in February. Silver ETFs experienced a net outflow of Rs 826.3 crore during the month due to gross inflows of Rs 4628 crore and redemptions of Rs 5455 crore. Compared to…
Crude rise issues cause the rupee to close at a new low of 92.34.
As crude rose above $100 per barrel on March 9, the rupee fell to a new low, ending at 92.34 against the US dollar. As crude surged above $115, the Reserve Bank of India (RBI) probably intervened forcefully to stop the rupee’s decline, according to traders. The currency closed the previous session at Rs 91.74…
