Tag: RBI

Daily Market Highlights OCT 8th

Previous Day Market Update  Sensex closed at 59,677.83 Up by  488.10 points Nifty closed at  17,790.35 Up by 144.35 points   Rating agency, Fitch, cut its FY22 India growth forecast from 10% to 8.7%. They cited the long-term impact of COVID 2.0 as a key reason which would back-end growth. However, Fitch has upgraded the growth forecast

Daily Market Highlights OCT 7th

Previous Day Market Update  Sensex closed at 59,189.73 down by  555.15 points Nifty closed at  17,646.00 down by 176.30  points   To give a boost to telecom, the government announced a slew of reforms. It allowed 100% FDI in telecom sector through automatic route to promote ease of doing business in the industry. This allows Vodafone

Daily Market Highlights OCT 6th

Previous Day Market Update  Sensex closed at 59,744.88 Up by  445.56 points Nifty closed at  17,822.30 Up by 131.05 points Moody’s has raised India’s sovereign rating outlook from “Negative” to “Stable”. However, the overall rating has been kept static at Baa3, which is one notch above the Speculative Grade. This change in outlook was driven by a

Daily Market Highlights OCT 5th

Previous Day Market Update  Sensex closed at 59,299.32 Up by  533.74 points Nifty closed at  17,691.25 Up by 159.20 points In a move that was long overdue, the RBI superseded the boards of SREI Infrastructure Finance and SREI Equipment Finance. It has already appointed an administrator to run the entities till NCLT process starts. SREI will be the

Daily Market Highlights SEP 30

Previous Day Market Update  Sensex closed at 59667.60 down by -410.28 points Nifty closed at  17748.60 down by -106.50 points Invesco Fund, which holds an 18% stake in Zee Entertainment, moved NCLT to call an EGM of shareholders to induct its nominees on the board of Zee Entertainment. Invesco has sought the intervention of NCLT