Foreign investors moved to safe-haven dollar assets, causing the benchmark indices to drop 1.5% on Friday, their biggest weekly loss since June 2022 and their fifth straight day of decline in line with global counterparts. The NSE Nifty was down 364.20 points, or 1.52%, to 23,587.50, while the Sensex fell 1,176.46 points, or 1.49%, to…
As the demand for algo trading has grown, the markets regulator has suggested reexamining the structure to improve the system’s checks and balances. Few people understand the intricacies of this institutional investor-dominated trading system, even though ordinary investors have been experimenting with algorithms. In algo trading, pre-programmed computer programs make several deals in milliseconds. To…
As the major indices, the Sensex and the Nifty 50, saw their biggest weekly declines in two years, Dalal Street was in ruins this week. The cautious approach taken by the Federal Reserve and its softer rate-cut trajectory for 2025 exacerbated FII selling in the domestic market. The dip today caused the Sensex to drop…
Major IT services provider Accenture, which is listed on the Nasdaq, increased its prediction for fiscal 2025 revenue growth from 3-6% to 4-7%. The modification is ascribed to a decreased adverse effect of foreign exchange fluctuations, which is now anticipated to be roughly 0.5% as opposed to the 1.5% that was previously estimated. With more…
Frontline indexes Nifty and Sensex plunged for the fourth straight day on December 19, losing more than three percent of their value over the week and wiping out more than Rs 10.5 lakh crore in investor capital. Whereas the Sensex plummeted 1,000 points, the Nifty 50 lost the 24,000 symbol. Interestingly, the Nifty 50 has…
As the US Federal Reserve’s hawkish stance triggered a broad dollar rally, the rupee fell 12 paise to its lowest point ever, 85.06, against the US dollar in early trading on Thursday. Forex dealers reported that the US Federal Reserve had changed its 2025 forecasts, indicating a more cautious approach to monetary policy and putting…
After a strong advance ahead of the US Federal Reserve’s policy statement later today, cautious investors booked profits, causing India’s share market to drop for three consecutive days, with the Nifty down about 600 points since Monday. After a strong 6.1 percent comeback from late November lows, the NSE index has fallen 2.5 percent since…
On Wednesday, Inox Wind Limited (IWL) declared that Serentica Renewables (Serentica) had placed an order with IWL for 60 MW. According to a regulatory filing, this order is for the delivery of 3 MW class turbines by H1 CY25. These WTGs will also be installed at the hybrid renewable energy project site in Karnataka that…
Following a decision from the National Company Law Tribunal (NCLT), ITC Ltd. stated on Tuesday that it has set January 1, 2025, as the effective date for the demerger of its hotel sector. The business disclosed in a regulatory filing that NCLT had issued an order approving the deal. The demerger between ITC Limited and…
Waaree Energies declared on Monday that it had accepted two projects totaling 398 MW for the provision of solar modules. The projects for which the orders are intended are 249 MW and 149 MW, respectively. “The company has received orders for 2 projects aggregating 398 MW, for the supply of solar modules,” Waaree Energies stated…
