By Deepak Jasani Although the Indian monsoon season is still a few months away, analysts and economists have expressed concerns regarding the El Nino effect in the forthcoming monsoon season on the Indian economy and financial markets. There are fears about the possibility of drought-like conditions for India in 2023, which could impact agricultural output […]
Day: February 24, 2023
Closing Bell: Nifty closes shy of 20,000, Sensex shuts shop above 67200; PSUs, metals and realty stocks see correctionClosing Bell: Nifty closes shy of 20,000, Sensex shuts shop above 67200; PSUs, metals and realty stocks see correction
Profit booking by the weak hands a day after the Nifty conquered 20,000 led to the benchmark closing tad below the key level at 19,993.20. The Sensex too settled flat at 67,221.13. The broader markets saw widespread correction. The Nifty Next 50 tumbled 2.30%. Nifty Media and Realty index tanked the most with losses around […]
Rupee falls 12 paise to close at 83.15 against US dollarRupee falls 12 paise to close at 83.15 against US dollar
The rupee fell 12 paise to settle at 83.15 (provisional) against the US dollar on Friday, dragged down by rising crude oil prices and a strong greenback against major rivals overseas. However, a positive trend in domestic markets restricted the downside for the local unit, forex traders said. The rupee finally settled at 83.15 (provisional) […]