The Indian stock market witnessed a significant surge, with the Sensex rising over 1,695 points to close at 75,527.95, while the Nifty50 jumped over 461 points to end the session at 23,622.90. Nifty has formed a solid base, repeatedly taking support near the 61.8% Fibonacci retracement level of its previous upmove.
The rise of SpaceX’s valuation has raised questions about the relevance of the ‘Mag 7’ club, a term coined by BofA Global Research Chief Investment Strategist Michael Hartnett. As new trillion-dollar contenders emerge, the market is likely to see a shift in terminology, making it essential for investors and analysts to stay up-to-date with the latest developments.
Vedanta’s demerger is set to unlock value for shareholders and redefine the conglomerate’s business focus. The listing of four separate companies will provide investors with a range of options, from Vedanta Aluminium Metal to Vedanta Power. Stay informed about the market impact and details of this significant corporate restructuring.
The Indian stock market has witnessed its biggest gains in over two months, driven by optimism surrounding a potential resolution to the West Asia conflict. The NSE Nifty rose 2% to close at 23,622.9, while the BSE Sensex rose 2.3% to end at 75,527.95.
HDFC Asset Management Company has warned investors to reset their passwords and be cautious of SIM-swap attempts following a cybersecurity breach. The company has reported the breach to the relevant authorities and obtained judicial protection over the affected data.
HDFC Asset Management Company has informed investors to reset their passwords immediately following a cybersecurity breach that compromised parts of its IT systems. Investors are advised to remain vigilant against SIM-swap attempts and avoid clicking unknown links.
The Centre-Assam-Nagaland energy deal has sparked controversy among Naga groups, with seven Naga National Political Groups (NNPG) opposing the agreement until key issues are resolved. The deal aims to facilitate exploration and production activities across more than 1,000 square kilometres of land along the 434-km Assam-Nagaland boundary.
The Indian equity market witnessed a significant surge on Friday, with the Sensex and Nifty indices rising 2% and 1.99% respectively, amid softer crude oil prices and easing West Asia tensions. Bank Nifty outperformed the broader market with a gain of nearly 3%. Learn more about the key drivers behind the market rally and the impact on the rupee and global interest rate environment.
The Enforcement Directorate has filed a charge sheet against 55 individuals, including former Reliance senior executives, in a bank loan fraud and money laundering case. The case involves Reliance Home Finance and Reliance Commercial Finance. The charge sheet will be presented for consideration on July 1.
The Reserve Bank of India’s special dispensation has intensified competition among banks to attract foreign currency deposits from Non-Resident Indians (NRIs), with smaller lenders leading the rate hikes and offering over 7% on USD deposits.
