The Indian market ended lower on Friday, halting a six-day winning run, as investors turned cautious ahead of Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole symposium and braced for fresh U.S. tariffs on Indian goods, amid other headwinds weighing on sentiment. The BSE Sensex fell 693.86 points, or 0.85%, to close at … Read more
Indian headline indices ended lower on Friday, snapping their six-session gaining streak. Banks, FMCG, and IT stocks were the major laggards. After a steady run-up, Nifty paused and slipped below 25,000, suggesting a brief consolidation before the next leg of the rally.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said … Read more
Governor R.N. Ravi granted assent to the Tamil Nadu Land Consolidation (for Special Projects) Act, 2023 on August 14. The Bill was adopted in the Assembly four months ago. Soon after the Bill was adopted in the House, there were demands from various quarters to drop the legislation. According to the legislation, a project proponent … Read more
The market remained sluggish throughout the week as rate hikes and inflationary pressures continued to be major drags. Theoretically, demand-side issues are tackled by the central bank through monetary policies while, the supply-side ones, are via the government’s fiscal measures. However, in the real world when there is a crisis, its cascading effects are felt … Read more