News Overview

The Company has grown to become one of the largest manufacturers of Pigment and Dyes in India. This was made possible due to the unequivocal support of all its shareholders

Jhagadia site is a key manufacturing base for LANXESS globally and one of the large production sites of the company in India

After the sharp spike in bond yields in Jan-22, Feb was a relatively softer month. In early Feb-22, the 10-year benchmark bond yields got perilously close to the 7% mark but closed the month at more reasonable levels of 6.77%.

There was selling across the board with almost all the indices ending in the red during Feb-22. If a hawkish Fed and input inflation played spoilsport in the first half of the month, geopolitical risk played that role in the second half. Through the month of Feb-22, FPIs sold heavily in equities as the INR came under intense pressure .

Final growth rate of the Index of Eight Core Industries for October 2021 has been revised to 8.7%.

The second advance estimate (AE) released for FY22 on 28th February further scaled down full-year GDP growth by another 30 bps to 8.9%, largely on account of the Omicron variant.

The gross domestic product (GDP) had expanded by 0.7 per cent in the corresponding period of 2020-21, the NSO said.

Due to a surge in fiscal spending on account of COVID-19, the fiscal deficit target was revised to 9.5% for FY21.

Here is the important stock market news to watch out for today.

For today expect another day of volatility as global cues turn negative.