Adani Group stocks surged as Gautam Adani sought dismissal of a US SEC civil fraud case. Adani Green Energy led gains, jumping 12%. A US court granted Adani’s request to schedule a hearing on his plea to dismiss the case, citing lack of personal jurisdiction and failure to state a claim.Read More
Markets surged for the fourth consecutive session, buoyed by favorable geopolitical cues. Key stocks like TCS, HDFC Bank, ITC Hotels, Hyundai India, and Adani Enterprises are in focus due to Q4 results and news developments. Analysts emphasize the need for continued buying and stable crude oil prices for sustained gains.Read More
Benchmark indices rallied on April 8, buoyed by firm global cues and a sharp decline in crude oil prices following a US-Iran ceasefire announcement. Analysts suggest sustaining above the 20-day EMA and the Wednesday bullish gap area will maintain a positive bias, potentially pushing the index towards 24,300 and 24,700.Read More
The Reserve Bank of India is opening up the term money market to a wider range of financial institutions, including specialized government-backed entities like Nabard and Sidbi. Previously exclusive to banks and primary dealers, this move aims to refine interest rates and boost market liquidity. Additionally, borrowing limits for standalone primary dealers are being increased.Read More
Indian equity indices surged significantly on Wednesday, with the Sensex and Nifty experiencing their strongest single-day gains in years. This rally was fueled by relief over a US-Iran ceasefire, leading to a drop in oil prices and easing inflation concerns. The market capitalization of BSE-listed companies increased by ₹16.1 lakh crore.Read More
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