Indian stock market: On Tuesday, May 28, the Indian stock market remained under pressure, with the benchmarks—the Sensex and the Nifty 50—closing in the red for the third straight session. The Indian stock market has experienced significant volatility this month due to substantial foreign capital outflows driven by election-related caution. The market has fluctuated between … Read more
According to reports, traders stated that continuing outflows of foreign funds, a falling rupee, and rising global crude prices further weighed on sentiments. Sectoral indices were mixed bag; the Nifty Consumer Durables index finished 1.72% higher than the Nifty Financial Services index, which ended 0.89% lower. India VIX recovered as well at 10.92 levels. On Friday, the … Read more
Investors betting on a further jump in the Tata Chemicals Ltd stock are in a spot after reports surfaced that Tata Sons Pvt. Ltd, the principal holding company of Tata Group, may restructure its balance sheet to avoid a mandatory listing by September next year. Such has been the frenzy surrounding the holding company’s potential … Read more