Nifty and Sensex Extend Weekly Gains to 2%, RBI Holds Rates Steady
Dec 7 The Reserve Bank of India left its key lending rate unchanged but increased its fiscal year economic outlook and held its view on inflation.
Sensex and Nifty Indexes Trim Early Losses
Dec 7 Market indexes struggled in Friday's trading, but the Nifty and the Sensex indexes are set to extend the rally to the fifth week in a row.
- Movers: CONCOR, IRB Infra, NTPC, Olectra Greentech, REC, Sugar Stocks, Zomato
- Movers: Adani Ports, Axiscades, Bharat Electronics, Bharti Airtel, Delta Corp, IDFC First Bank, IRCON, Paytm, Kothari Petrochemicals
- Movers: Brigade Enterprises, Gulshan Polyols, HCL Technologies, JSW Infrastructure, Mahindra & Mahindra Financial, Shriram Properties
TCS Quarterly Earnings Growth Slowed
Apr 13 The largest tech services provider, TCS reported muted earnings and revenue growth in the March quarter and slowed new staff hiring in the final quarter of the fiscal year. tcs
- Earnings: TCS, Infosys, HCL Technologies
Aster DM Sells Middle East Business for $1 Billion
Nov 29 Aster DM agreed to sell its business located in the Gulf Cooperation Council to a group controlled by the promoters of the company and a private equity group based in the Middle East. asterdm
- IPCA to Acquire 33% Stake In Unichem
RBI Holds Rates at 6.5%, Lifts GDP Growth Outlook Citing Inflation Risks
Dec 8 The RBI held its interest rates but lifted its annual economic growth, citing investment momentum and consumer and business optimism, but the central bank cautioned that inflation is still running ahead of its target rate range because of multiple food price shocks.
September GDP Growth Surpassed Estimates
Dec 1 GDP in the September quarter expanded at a robust pace after government spending rebounded and the manufacturing and construction sectors expanded in double-digits, but consumer spending rose at a sharply slower pace.
U.S. Stocks Struggled, Treasury Yields Declined after Nonfarm Payrolls Accelerated
Dec 8 The U.S. economy added jobs at a faster pace in November, and wage gains were in line with expectations. 10-year Treasury yield jumped on the worries that the labor markets are tighter than previously estimated.
European Markets Rally Extends to Sixth Week, German Inflation Eased In November
Dec 8 European market indexes advanced for the sixth week in a row, and Germany's consumer price inflation cooled in November, the lowest level since June 2021.
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