News Overview

Here is the stock market performance at 10:30 AM today.

Equity indices surged in morning trade, supported by a rally in HDFC twins post merger announcement. The Nifty scaled the crucial 18,000 mark. At 10:25 IST, the barometer index, S&P BSE Sensex surged 1,496.69 points or 2.52% at 60,773.89. The Nifty 50 index gained 392.55 points or 2.22% at 18,063.25. In broader market, the S&P BSE Mid-Cap index added 0.78% while the S&P BSE Small-Cap […]

The three companies to hold equal stake in proposed Green Hydrogen JV.

The latest round of FICCIs Economic Outlook Survey puts forth an annual median GDP growth forecast for 2022-23 at 7.4 percent – with a minimum and maximum growth estimate of 6.0 percent and 7.8 percent respectively. The median growth forecast for agriculture and allied activities has been put at 3.3 percent for 2022-23. On the other hand, industry and services sector are anticipated to grow […]

Kalyan Jewellers India announced that the Board of Directors of the companys subsidiary, Kalyan Jewellers FZE has on 03 April 2022 approved the potential issuance of fixed rate, senior U.S. dollar denominated notes for an aggregate principal amount of up to US$ 200 million, subject to market condition. The Notes will be guaranteed by the Company by way of a corporate guarantee. The net proceeds […]

Record date is 29 April 2022

Total turnover of the company has been ~ Rs1436 crore in FY22 (provisional) registering a growth of ~22% in comparison to previous year’s turnover of Rs1177 crore.

Australia retail sales advanced 1.8 percent in February from January, when turnover was up 1.6 percent, the Australian Bureau of Statistics said on Monday. This was the second consecutive rise in sales. On a yearly basis, retail sales growth improved to 9.1 percent from 6.3 percent in January. The monthly growth was largely driven by sales of clothing, footwear and personal accessory, which grew 11.2 […]

This was Putin’s first major offensive against the global financial markets, which had sought to corner Russia by imposing sanctions at multiple levels. After putting sanctions on Russian payments, the latest round of sanctions by the US decided to curb the Russian trade in gold by disallowing the citizens of the US and its allies from trading with Russian banks for gold.

We will come back to the reasons for the sell-off later, but here is a quick look at how FPI selling panned out through fiscal year 2021-22