IndusInd Bank (+2.09%) led the gainers on the nifty index today.
Sanjay Sudhakaran tendered his resignation on June 8, 2023. His last day with the company will be June 30, 2023, at the end of business hours.
Analysts of IIFL Securities believe sector valuations have little room for upside as despite a deteriorated growth outlook, Nifty IT Index has performed in line with broader markets YTD.
RBI cut its FY24 inflation forecast for the second time in two MPC meetings, and marginally front ended GDP growth during FY24 while maintaining full yr. number.
Multiple factors help INR to strengthen against USD
Asian peers edge up over Fed rate pause bets.
The markets touched their day’s low in the intraday trading session.
On the sectoral front, Nifty Media, IT, Auto, and FMCG stocks are weighing down the charts.
The initial public offer (IPO) of IKIO Lighting Limited opened for subscription on June 6 and will be closing today on June 8.
Asian equities are in the red territory today after Canada’s surprise rate hike.