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Market Opening - An Overview Crude oil prices recently touched $95 per barrel and higher crude oil prices is expected to push India’s wholesale inflation to rise to 3% in the third quarter of the current fiscal and to 3.7% ...
The Reserve Bank of India’s Monetary Policy Committee (MPC) met on 3rd, 5th and 6th April 2023 and assessed the macroeconomic situation and its outlook. Following are the key highlights of the monetary policy meeting. • The Monetary Policy Committee ...
Indian stock market ended positively as RBI settled for a smaller 25 bps repo rate hike, in line with expectations, as well as gains in IT, Metals, and Adani group stocks. Most Adani Group firms rose in today’s session with ...
Major Indian indices fell during the week after the Federal Reserve increased interest rate to tame inflation and investors were worried over an impending recession. For the week, the Sensex fell 1.36% to 61,337.81. The Nifty 50 index declined 1.23% ...
A slew of important economic data was released this week. Let us take a look at the economic indicators. Gross Domestic Product (GDP) India’s economic growth slowed down to 6.3% in the July-September quarter of FY23, as manufacturing output contracted. ...
India’s economy represented by gross domestic product (GDP) grew 6.3% in the July-September quarter of FY23, helped by strong activity in the services sector, despite manufacturing output contracting unexpectedly. In comparison, the economy had expanded 13.5% in the June quarter ...
Dalal Street closed higher after the Reserve Bank of India (RBI) raised benchmark repo rate by 50 basis points on Friday, along expected lines. The Sensex rose 1.8% and the Nifty 50 index jumped 1.64%.India’s central bank raised repo rate ...
The Reserve Bank of India raised the repo rate by 50 basis points (bps) to 5.9% in the recently concluded MPC meeting to tame inflation. The RBI’s monetary policy committee (MPC) expects uncertainty surrounding the course of geopolitical conditions to ...
The Indian economy is likely to grow at 6.8-7% in FY23 compared to earlier estimates of 7.1%, according to CareEdge Ratings. The Indian economy witnessed a growth of 13.5% in Q1FY23 compared to a growth of 4.1% in Q4FY22, due ...
India’s economy grew at 20.1% in the Apr-Jun quarter of FY22, compared with year ago period on constant price basis. Constant price represent the real GDP which is adjusted for inflation. The economy contracted in the same period of last ...