Stock Market Recap: February 12, 2024 On February 12, 2024, the Indian stock market witnessed mixed movements, with media and PSU bank stocks experiencing a notable decline of over 4%. Conversely, IT stocks surged, driving market optimism. Meanwhile, other Asian and European markets closed positively, contributing to overall regional market sentiment. Top Gainers In the … Read more
India’s Weekly News Roundup: Bharat Ratna, Economic Updates, and Market Trends Bharat Ratna Honor for Distinguished Figures India’s prestigious Bharat Ratna award for 2024 will be conferred upon notable personalities including former Prime Ministers PV Narasimha Rao and Chaudhary Charan Singh, alongside acclaimed agricultural scientist Dr. MS Swaminathan. This recognition highlights their significant contributions to … Read more
Stock Market Update: Bank and Healthcare Stocks Surge, Metal and Oil & Gas Stocks Decline Yesterday, the stock market witnessed a mixed day of trading, with bank and healthcare stocks emerging as the top gainers, while metal and oil & gas stocks experienced declines. Notably, most Asian and European markets also showed positive movements, reflecting … Read more
Indian Stock Market Update: Red Day for Indian Markets After Initial Gains Indian stock markets opened optimistically on February 7th, 2024, surpassing the previous day’s closing level. However, the enthusiasm waned as the day progressed, leading to a decline in stock prices across the board. Sector Performance: Private Banks and FMCG Stocks Take a Hit, … Read more
Indian Stock Markets Close Nearly Flat; PSU Banks and Realty Stocks Lead Gains The Indian stock markets saw a tepid performance yesterday, with marginal movements across indices. However, certain sectors notably stood out with notable gains and losses. Sectoral Performance PSU Bank and Realty Stocks Surge, IT Stocks Witness Decline PSU (Public Sector Undertaking) bank … Read more
Indian Stock Markets Close in the Green The Indian stock markets ended on a positive note yesterday, with gains seen across various sectors. Notably, the Information Technology (IT) and Oil & Gas sectors stood out, witnessing a rise of over 2%. On the flip side, private bank stocks experienced a decline. Global Markets Overview While … Read more
Stock Market Recap: Mixed Performance with Consumer Durables Decline The stock market saw a mixed performance yesterday, with initial gains giving way to losses by the end of the day, resulting in a close in the red. Notably, consumer durables stocks experienced significant declines, indicating a shift in investor sentiment away from these non-daily essential … Read more
Indian Government’s interim budget Economic Moves Finance Minister Nirmala Sitharaman recently unveiled the interim budget on February 1st, outlining key economic strategies for the upcoming fiscal year. Among the significant announcements were plans for the strategic sale of IDBI Bank, aiming for completion by the next financial year, as mentioned by the DIPAM Secretary. Additionally, … Read more
Stock Markets Experience Early Rally Followed by Late Sell-Off The stock markets kicked off the trading session with a positive momentum, witnessing an upward trend until 11 AM. However, as the day progressed, heavy selling pressure emerged, dampening the earlier gains. Despite the late sell-off, the markets managed to close higher compared to the previous … Read more
Finance Minister Presents Interim Budget: Market Recap On the heels of Finance Minister Nirmala Sitharaman’s presentation of the Interim Budget, let’s dive into the key happenings in the stock market. Market Overview: Steady Performance with Sectoral Variances The stock markets witnessed a relatively subdued day, with minimal fluctuations. Notable movements included a surge in PSU … Read more