IndusInd Bank promoters reaffirm their commitment to the bank, viewing its depressed stock value as a strategic investment opportunity. Despite a 50% drop in six months, no fresh capital infusion is required. Hinduja Group holds a 16.29% stake, with 50.8% pledged.Read More
Foreign Institutional Investors (FIIs) bought Indian equities worth ₹694.57 crore on Tuesday, their first net purchase since February 19. Along with Domestic Institutional Investors (DIIs) buying ₹2,534.75 crore, this institutional inflow boosted Nifty and Sensex, which closed with significant gains.Read More
The Reserve Bank of India has announced a fresh open market operation to purchase government securities worth Rs 50000 crore on March 25 to ease the market liquidity condition.Read More
Amid market volatility, nine ET 500 companies, including Dixon Technologies, Zomato, and Suzlon, have exceeded FY24 revenue and profit levels in nine months of FY25, demonstrating strong financial performance despite uncertain demand.Read More
The Indian rupee gained 23 paise, closing at Rs 86.57 against the dollar, its highest in over three weeks, supported by dollar inflows and exporter sales. Strong economic data, foreign fund inflows, and a weaker dollar index contributed to the rise, while RBI intervened to rebuild forex reserves.Read More
Dhwani Patel, Founder of Finversify, highlights a strong market rally driven by bullish sentiment. Nifty is holding above 22,600, aiming for 23,000, while Bank Nifty has broken past 48,800. Sectors like auto, metals, and PSU banks are leading gains, with Hindalco and Sun Pharma emerging as key stock picks.Read More
Gold prices have surged 15x in two decades, driven by rising investment demand, central bank purchases, and global uncertainty. Experts foresee further upside, with projections of $3,200 per ounce by year-end. Analysts recommend a phased investment approach for long-term gains.Read More
IndusInd International Holdings (IIHL) on Tuesday said it will list the insurance units of Reliance Capital in two to three years, after it completed the transaction to buy the financial services firm.Read More
Indian indices surged for a second consecutive session, with Sensex rising 1,131 points to 75,301 and Nifty gaining 325.55 points to 22,834. Analysts see bullish momentum, with Nifty targeting 23,150 and support at 22,700.Read More
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