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QPOWER to acquire Visakhapatnam-based Winwin Speciality Insulators
Quality Power Electrical Equipments today announced that it executed a term sheet to acquire 100% of the equity share capital of Winwin Speciality Insulators (WSIL), a Visakhapatnam-based manufacturer of high-voltage ceramic and polymeric insulators. The transaction is subject to customary due diligence, statutory and regulatory approvals, and other closing conditions, and is expected to be completed within three months.
GIFT Nifty rises 100 points, hints at positive start; key trading cues for today
Indian markets closed higher on Tuesday, boosted by banking and financial stocks. The Reserve Bank of India's new forex swap facility eased overseas borrowing concerns. Market sentiment improved with hopes of a Middle East truce and falling crude oil prices. Investors remain watchful due to ongoing geopolitical tensions and inflation worries.
Trade Setup For June 10: Nifty Finds Support Near 23,100 Amid Mixed Global Cues; GIFT Nifty Signals Red Start
GIFT Nifty is signalling a gap-down start on Wednesday.
INR recovers momentum as local equities rebound; recent oil and dollar spike fades amid signs of easing geopolitical tensions
The Indian rupee recovered momentum to settle higher by around 28 paise at Rs 95.31 per dollar on Tuesday, supported by retreating international oil prices and small pullback in dollar overseas. Meanwhile, local equities also rebounded from two-month lows as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward. Geopolitical tensions eased somewhat, the dollar weakened and Brent crude futures fell below $93 a barrel as Israel and Iran agreed to halt attacks against each other following a series of mutual attacks from Sunday night, which marked the most serious escalation since the ceasefire in April. The BSE Sensex settled 394.50 points (0.54%) higher at 73,918.76, while the NSE Nifty 50 advanced 119.10 points (0.52%) to close at 23,242.10.
INR stays pressured amid elevated oil prices and firm dollar overseas
The Indian rupee is staying largely unchanged in opening trades on Tuesday amid elevated oil prices and relatively firm dollar overseas. INR opened at Rs 95.47 per dollar and hit a low of 95.62 so far during the day. Yesterday, rupee lost further momentum and settled the day lower by around 40 paise at Rs 95.61 per dollar. Dollar index spiked above 100 for the first time in two months following a strong jobs data on Friday, driving sooner than expected rate hike by Fed but has edged marginally below the level today. Meanwhile, Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. The BSE Sensex and NSE Nifty 50 settled lower amid weak global cues, escalating tensions in West Asia, and rising crude oil prices. The Sensex dropped 719.08 points (0.97%) to settle at 73,524.26, while the Nifty fell 243.70 points (1.04%) to end the day at .
Stock Market Crash Today: Sensex Falls Sharply, Nifty Breaks 23,100 as Bears Dominate D-Street - APAC Media
Stock Market Crash Today: Sensex Falls Sharply, Nifty Breaks 23,100 as Bears Dominate D-StreetAPAC Media
INR dragged lower by negative cues from equities, surging oil and firm dollar overseas
The Indian rupee lost further momentum during the course of the day and is seen settling the day lower by around 40 paise at Rs 95.57 per dollar. Elevated crude oil prices and firm dollar index around 100 mark are seen pressurizing rupee. Dollar index spiked above 100 for the first time in two months following a strong jobs data on Friday, driving sooner than expected rate hike by Fed but has edged marginally below the level today. Meanwhile, Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. The BSE Sensex and NSE Nifty 50 settled lower amid weak global cues, escalating tensions in West Asia, and rising crude oil prices. The Sensex dropped 719.08 points (0.97%) to settle at 73,524.26, while the Nifty fell 243.70 points (1.04%) to end the day at 23,123.00. Also, rupee weakened despite the Indian government introducing a ...
Sensex, Nifty hit 2-month lows as Iran-Israel tensions push crude oil near $100 - India Today
Sensex, Nifty hit 2-month lows as Iran-Israel tensions push crude oil near $100India Today
Stock Market Today | Closing Bell: FIIs Turn Heavy Sellers, Over ₹8,000 Crore Wiped Out; Nifty Holds 23,100, Sensex Drops 760 Points - The Sunday Guardian
Stock Market Today | Closing Bell: FIIs Turn Heavy Sellers, Over ₹8,000 Crore Wiped Out; Nifty Holds 23,100, Sensex Drops 760 PointsThe Sunday Guardian
10 stocks crash up to 50% in just 100 days of US-Iran war. Do you own any?
The Indian stock market has witnessed a sharp correction since the Iran-US-Israel conflict escalated in late February, with the Nifty 50 falling over 7%. Several mid- and large-cap stocks have been hit hard, with some losing up to 50% of their value in just 100 days amid heightened uncertainty and sector-specific concerns.
Sensex falls 900 pts intraday, Nifty below 23,100: Here are 4 key reasons
Geopolitical tensions escalated sharply after reports emerged that Israel struck military targets in western and central Iran
INR losses momentum as dollar index spikes above 100 mark
The Indian rupee slipped in opening trades on Monday tracking sharp spike in dollar index above 100 mark. Dollar index spiked above 100 for the first time in two months following a strong jobs data, driving sooner than expected rate hike by Fed. INR opened at Rs 95.35 per dollar and hit a high of 95.28 so far during the day. On Friday, rupee ended at 95.18. Indian shares are seen opening sharply lower on Monday as investors weigh weak global cues and escalating Middle East tension against strong domestic GDP data as well as the Indian government's decision eliminating the 12.5 percent long term capital gains tax on foreign institutional investment in government bonds. India's economy grew an unexpectedly strong 7.8% year-on-year in the January-March quarter, the government said on Friday, as robust private investment, farm output and construction activity offset the early impact of the Middle East conflict.