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….

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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…

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Exports from all industries could suffer: Report

According to a Crisil Ratings assessment, several Indian economic sectors, including basmati rice, fertilizers, airlines, and energy-related industries, could be affected by rising geopolitical uncertainty in the Middle East and disruptions to maritime traffic through the Strait of Hormuz. Given their direct exposure to the region, industries such as basmati rice, fertilizers, diamond polishing, travel…

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After three days, bulls strike: the Nifty closes above 24,750, the Sensex closes 900 points higher

Following news that Tehran is prepared to give up its nuclear program, the major stock indices Sensex and Nifty recovered on Thursday, ending a three-session losing skid. Over the preceding three sessions, both indices had declined by almost 4%. At 80,092.06, the Sensex increased 975.88 points, or 1.23 percent. The whole Nifty increased 323.65 points,…

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Crude prices are rising and as the Iran-Israel conflict intensifies, gold and silver witness a sharp increase.

Today, the commodity market is in the spotlight amid intensifying violence in West Asia. Sharp price movement has been observed in commodity prices amid the increased geopolitical tensions surrounding the US and Israeli attack on Iran. Silver is trading about $95/oz, while Brent Crude has surged to around $80/bl. Gold is stable at $5,300 per…

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