Daily Market Highlights JUN 29

Previous Day Market Sensex Closed At 52735 Down By 189 Points Nifty Closed At 15814 Down By 45 Points Corporate India was almost unanimous in welcoming the COVID 4.0 stimulus announced by Nirmala Sitharaman on 28 June. The relief package included an Rs.110,000 crore loan guarantee scheme for affected sectors as well as increasing the

Daily Market Highlights JUN 21

Previous Day Market Sensex closed at 52,344.45 up by 21.12 points Nifty closed at 15,683.35 down by 8.05 points In an asset attachment threat to the Indian government-owned companies issued by Cairn Energy PLC, Air India has time till mid-July to challenge the lawsuit. Based on an arbitral award, Cairn is seeking to recover $1.26

Weekly Capsule (May 24 – May 28)

News Announcement Impact Analysis ·        GST Council puts off tax relief for COVID-19 related supplies till 08-Jun ·        This was one of the major demands from the GST Council so as to reduce the cost payable by the final consumer ·        However, the decision has been put off, purely on account of the budgetary constraints

Daily Market Highlights MAY 27

Previous Day Market Sensex closed at 51,017.52 up by 379.99 points Nifty closed at 15,301.45 up by 93.00 points BPCL reported net profits of Rs.11,940 crore in the Mar-21 quarter against a net loss of Rs.1,361 crore in the Mar-20 quarter. Standalone gross revenues from operations stood 21% higher at Rs.98,756 crore. The board of