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The Indian rupee extended gains against the dollar on Friday tracking the weakening of the American currency in the overseas market. INR appreciated by 10 paise to close at 82.28 (provisional) against the US dollar. However, muted domestic equities and foreign fund outflows weighed on investor sentiments and restricted the gains. At the interbank foreign exchange market, the local unit opened at 82.30 and touched […]

Hong Kong share market finished higher for second session in row on Friday, 09 December 2022, as investors took heart from overnight rally on Wall Street and on expectations Chinas economy would strengthen as authorities unwind COVID-19 curbs. At closing bell, the benchmark Hang Seng Index advanced 450.64 points, or 2.32%, to 19,900.87. The Hang Seng China Enterprises Index was up 167.44 points, or 2.51%, […]

V-Guard Industries zoomed 4.19% to end at Rs 259.80 after the company announced the acquisition of 100% stake in Sunflame Enterprises (SEPL) for a consideration of Rs 660 crore, on a cash-free, debt-free basis, subject to closing adjustments.

Road Transport and Highways Minister Mr Nitin Gadkari Road Transport and Highways Ministry said that retail investors can participate in infrastructure building by investing in Invits and get about eight per cent returns. He also said that the Ministry will launch Indias first insurance scheme for providing guarantee for construction projects. This announcement comes in the backdrop of India looking to build 26 Expressways, multimodal […]

Mainland China share market finished session modestly higher on Friday, 09 December 2022, on expectations Chinas economy would strengthen as authorities unwind COVID-19 curbs, with shares in consumer, realty, and healthcare sectors led rally. At close of trade, the benchmark Shanghai Composite Index advanced 0.27%, or 8.49 points, to 3,205.84. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, added 0.46%, or 9.56 […]

Marico rose 2.52% to Rs 523.20 after the company announced that its wholly-owned subsidiary, Marico South-East Asia Corporation (MSEA), has entered into a definitive agreement to acquire 100% of Beauty X Corporation.

At meeting held on 09 December 2022

The inflation expectations in the UK for the coming year eased in November, the survey conducted by the market research firm Ipsos on behalf of the Bank of England showed Friday. The one-year ahead inflation is seen at 4.8 percent compared to 4.9 percent in August, the latest quarterly Inflation Attitudes Survey revealed. Respondents assessed the current rate of inflation at 9.2 percent, up from […]

RIL, Infy and HDFC Bank were the top traded contracts.

Nifty IT index ended down 3.14% at 29168.45 today. The index has gained 2.00% over last one month. Among the constituents, HCL Technologies Ltd shed 6.71%, Mphasis Ltd dropped 4.00% and Tech Mahindra Ltd slipped 3.62%. The Nifty IT index has fallen 19.00% over last one year compared to the 5.59% increase in benchmark Nifty 50 index. In other indices, Nifty PSU Bank index has […]