On Friday, Indian shares fell for the second consecutive day as a result of persistent profit-taking and a general decrease after the Reserve Bank of India hinted that tighter monetary conditions would linger. The benchmark S&P BSE Sensex dropped 0.35% to 62,625.6 while the blue-chip Nifty 50 closed 0.38% lower at 18,563.40. The benchmarks maintained…
Lending margins, a crucial indicator of Indian banks’ profitability, are expected to rise as a result of the country’s plan to eliminate its highest-value currency note, which will increase bank deposits. According to a letter from Axis Mutual Fund, the Reserve Bank of India’s decision to discontinue the 2,000 rupees ($24) notes will increase bank…
The Indian equities markets achieved large gains and closed over 1% higher during a week of persistent volatility, buoyed by in-line profits, FII support, and a disregard for warning signs from international competitors. The Nifty50 increased 245.8 points or 1.36 percent to close at 18,314.8, and the BSE Sensex increased 973.61 points or 1.59 percent…
Market ended higher for the fourth consecutive week and rallied more than 1 percent in the week ended November 11 on the back of a strong comeback by global markets after lower-than-expected U.S. inflation data, continued FII support, rising rupee. For the week, BSE Sensex gained 844.68 points or 1.38 to end at 61,795.04, while…
