Tag: covaxin

Daily Market Update – APR 22

Previous Market Close Update Sensex closed at 47,705.80 down by 243.62 points Nifty closed at 14,296.40 down by 63.05 points The state government of Maharashtra tightened COVID-19 curbs further with private transport permitted only for emergency or essential services effective from 8 pm on April 22 till May 1. All government offices will only operate at 15%

Daily Market Update APR 12

Previous Market Closed  Sensex closed at 49,591.32 down by 154.89 points Nifty closed at 14,834.85 down by 38.95 points Four out of the 10 most valuable companies on NSE by market cap added Rs.114,744 crore to total market value last week. Of course, IT continued to dominate the story even as banks were under pressure. TCS

Weekly Capsule (Mar 01 – Mar 05)

News Announcement Impact Analysis ·        CONCOR to source 8000 containers locally, in the midst of a global shortage ·        Instead of relying on China, CONCOR has given the contract to make containers to BHEL and Braithwaite and Co. ·        Indian exports have been hit in the last few months as China has cornered most of

Daily Market Update FEB 25

On 24 February, NSE suspended trading in cash and derivative segments for several hours, jeopardizing the positions of lakhs of market participants. The exchange cited issues with its telecom service providers as the reason for the glitch. However, it is hard to understand why the communication was only made after one hour and why the

Weekly Triggers Jan 10

Trigger for the Week How will it impact? ·         Nifty closes the week at record high levels of 14,350 levels ·         The Nifty has decisively crossed the 14,000 barrier and Sensex is now decisively above the 48,700 mark ·         GDP advance estimates at -7.7% for FY21 will be a positive for markets ·         The GDP

Daily Market Update Jan 6

Brent crude prices crossed the $53/bbl mark on Tuesday after the largest oil producer in the OPEC, Saudi Arabia, agreed to take more cuts in output to keep the OPEC Plus deal going. Both Russia and Kazakhstan, part of the OPEC Plus alliance, wanted to increase oil output by 500,000 bpd. However, fearing that it

Daily Market Update Jan 5th

It looks like good tidings for steel companies as steel product prices have been hiked by up to Rs.2400/tonne. However, steel companies have indicated that this may just be the first phase and actual price hikes could even go as high as Rs.6000/tonne in some cases. HRC prices have been increased by around Rs.1500/tonne while