News Overview

The 1st advance estimate (AE) of GDP for FY22 indicates GDP growth at 9.2% and GVA growth estimate is 8.6%. Nominal GDP growth is a whopping at 17.6%. Notably, this is the second highest nominal growth achieved with 19.9% nominal growth registered in 2010-11 and 17.1% growth in 2006-07. The data indicates that the overall GDP growth is 1% above of the pre-pandemic level (FY20). Almost all sectors except ‘trade, hotels, transport, communication & services related to broadcasting’ (which are still 8% below the pre-pandemic level) reached the pre-pandemic level (on constant prices).

Indias benchmark 10-year government bond yield rose to its highest level in nearly two years at 6.56%, following a rally in US treasury yields. Long term treasury yields in the US are trading at a year high at 1.76% after FOMC minutes showed the Fed might hike interest rates sooner than anticipated. Meanwhile, the Reserve Bank of India kept the interest rate at a record […]

SBI Cards and Payment Services fell 2.12% to Rs 908.50 after a foreign brokerage reportedly initiated coverage on the scrip with a Sell rating and a price target of Rs 654.

The bank to offer intuitive AI-based recommendations through its digital platform, Abacus 2.0.

Maruti Suzuki outperformed as top bull skyrocketing by 3.5% at Rs8,165.45 per piece.

SJVN advanced 2.81% to Rs 31.05 after the company bagged 125 MW grid connected solar power project in UP Solar Park in Uttar Pradesh.

The S&P Global CSA is an annual evaluation of companies' sustainability practices since 1999 and has been a credible reflection of companies’ sustainability practices.

Economic recovery was well underway after the second wave of the pandemic although, since October, there have been some disruptions caused by semiconductor shortage, along with supply shortages in coal and power outages causing a slowdown in the manufacturing sector.

Benchmark indices traded at the days high with major gains in morning trade. The Nifty scaled 17,950 level and raced towards the 18,000 mark. Barring healthcare and pharmaceutical stocls, buying demand was seen across the board. Positive global cues and anticipation of strong Q3 results from domestic companies boosted sentiment. At 10:30 IST, the barometer index, the S&P BSE Sensex, rose 541.66 points or 0.91% […]

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