Welcome to the Indian Market tracker, we constantly support traders to analyze the rise and fall of the market for ten categories on the daily basis. We analyze and display the beginning value of the market on the morning updates and the Ending value on the evening updates. We examine the everyday trends for these categories and flash them as push notifications in our mobile applications and our success rate is above 80 percent. Play Store
According to persons familiar with the situation, billionaire Gautam Adani’s Adani Group is in advanced talks with debt-ridden Jaiprakash Power Ventures Ltd. to buy its cement unit. The ports-to-power mixture could spend around 50 billion rupees ($606 million) for a cement grinding machine and other minor assets. While conversations are progressing, they might yet be…
In a very volatile week that concluded October 7 amid mixed global cues and a falling rupee, the market rallied with a more than 1% gain, snapping a three-week losing skid. The Sensex added 764.37 points, or 1.33 percent, to 58,191.29, while the Nifty50 gained 220.3 points, or 1.28 percent, to 17,314.65 at the close…
The World Bank reduced its FY23 growth forecast for India to 6.5% from 7.5% in June, the most pessimistic prognosis for the country by any major institution, as it warned of a “deteriorating external environment.” For FY24, it has trimmed the growth forecast by 10 basis points to 6.5%. “In the face of slowing global…
Muthoot Finance has launched its 28th public issuance of secured redeemable non-convertible debentures (NCDs) with a face value of $1,000 each and a base issue size of 75 crores, with an option to retain oversubscription up to 225 crores, aggregating to a tranche limit of 300 crores. The cash raised will be used largely for…
Communications Minister Ashwini Vaishnaw announced at the Digital India Conference of State IT Ministers at the India Mobile Congress that the government has allocated Rs 26,000 crore for the installation of 25,000 mobile towers over the next 500 days. The government hopes to achieve this by providing last-mile internet connectivity to remote locations. The state-owned…
The amount of palm oil imported into India in September increased to its highest level in a year, thanks to strong demand for the tropical oil ahead of the festival season and a significant price discount over other oils, according to six dealers on Tuesday. The benchmark Malaysian palm oil prices, which have almost halved…
Reliance Industries subsidiary RSBVL and US-based Sanmina Corporation have concluded a contract to establish an electronics manufacturing joint venture worth around Rs 3,300 crore. Reliance Strategic Business Ventures Limited (RSBVL) will own 50.1 percent of the joint venture, while Sanmina will own 49.9 percent. This ownership will be obtained principally by an investment of up…
The Central government will likely cut the sugar export quota by 29% for the new marketing year that started on October 1 to keep domestic supplies steady It could cap sugar exports at just eight million tonnes in 2022-23, compared with estimated despatches of 11.2 million tonnes in the recently concluded marketing year. To manage…
According to an RBI assessment, persistently high inflation remains a key policy worry for the Reserve Bank, which has raised rates aggressively this year, but the pressure may subside next fiscal assuming normal rains and the continued normalization of global supply chains without any exogenous shocks. The Reserve Bank of India (RBI) anticipates retail inflation…
The food ministry announced on Sunday that until March 2023, certain edible oils are subject to preferential import taxes. In order to increase domestic supply and manage retail prices, the Central Board of Indirect Taxes and Customs (CBIC) made this decision on August 31, 2022. The CBIC’s decision to extend the current reduced import taxes…
