Introduction Sensex ended the day down 260 points, or 0.41 percent, at 62,979.37, while Nifty lost 106 points, or 0.56 percent, to end the day at 18,665.50. BSE midcap decreased by around 3 lakh crore in a single day. Domestic equities suffered As investors remained worried about sticky inflation, rate rises, and their influence on…
In a significant development in the aerospace industry, GE Aerospace has signed a Memorandum of Understanding (MoU) with Hindustan Aeronautics Limited (HAL) to collaborate on the production of fighter jet engines for the Tejas Mk2. This strategic partnership aims to leverage the strengths and expertise of both companies to enhance the indigenous defense capabilities of…
Introduction The latest two-day FOMC meeting provided insight into the Federal Reserve’s intentions for interest rate increases and managing inflation. By the end of 2023, the representatives predicted that rates will rise by 0.5 percentage points. This indicates the possibility of two further rises, assuming quarter-point modifications. The benchmark borrowing rate set by the Fed…
Introduction After a strong start on Monday, Indian benchmark equity indexes experienced a reversal in their fortunes, ending the day in the red. The retreat was primarily driven by the underperformance of banking, finance, and auto companies. However, comparable broader markets continued their upward trend, reaching new highs. This article will delve into the details…
The shares of IKIO Lighting made a remarkable entry into the stock market on Friday, garnering significant attention and appreciation from investors. As the company listed on the National Stock Exchange (NSE) at Rs 392.5, it showcased a premium of 37.71% or Rs 107.5 over the issue price of Rs 285. Similarly, the stock debuted…
