Stock of South Indian Bank jumps 6% after RBI approves appointment of new CEO
The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval…
The stock of South Indian Bank jumped more than 6 per cent on Friday after the RBI conveyed its approval…
Despite the Centre having imposed stock limit on wheat to control its price rise earlier this month, there has been a percentage increase in its prices in the last 10 days, which may make common man's meal costlier.
The rise in domestic stocks is related to both the global market recovery and sound domestic macroeconomic fundamentals.
Indian stock indices traded positively on Wednesday morning, tracking firm cues from overseas peers and indications that the US may avoid a recession. Sensex and Nifty were 0.2-0.3 per cent higher at the time of writing this report.
Indian stock indices traded marginally higher Monday morning as various positive fundamentals including a firm GDP outlook, moderate inflation and strong purchases by foreign investors, prompted investors to place bets in the markets.
Indian stock indices traded higher on Friday morning, getting support from the US central bank's latest monetary policy stance - which finally paused the interest rate after raising it for over a year.
"Nifty has risen after a day of pause and the advance-decline ratio also remains healthy," said Deepak Jasani, Head of Retail Research, HDFC Securities.
The company would commence a stock repurchase programme beginning in the third quarter of 2021
Industrial production growth slipped to 4.3 per cent in July from 6.5 in August.
'The decision to lift the water cut was taken by the standing committee of the BMC and it was implemented from today.'