BUSINESS
SpiceJet Gains In-Principle Approval from BSE for Rs 2,242 Crore Fund Infusion
The in-principle approval from BSE is a significant development for SpiceJet, allowing the airline to proceed with the process of fund infusion. This approval is a crucial step for SpiceJet's growth, providing the necessary financial support.
Sensex Surpasses 73,000 Mark, Propelled by Wipro's Performance
The market rally, initially driven by momentum, is now finding support from fundamentals, according to V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Railway Stocks Surge Up to 17% in Market Trading
All these stocks reached new 52-week highs, with IRFC reaching these highs on substantial trading volumes.
Rupee Strengthens by 18 Paise, Trading at 82.77 Against US Dollar in Early Trade
In the previous session on Friday, the rupee strengthened for the eighth consecutive session, closing with a gain of 6 paise at 82.95 against the US dollar.
Markets Receive a Booster Dose Following IT Results Announcement
Out of the five sessions, markets recorded gains on four, concluding the week on a positive note. Despite substantial losses on the opening day, the net gains were somewhat tempered compared to the remarkable surge witnessed on Friday.
Bitcoin Price Takes a Nosedive to Around $42K as Spot ETF Trading Commences
Bitcoin had witnessed a substantial 80% rally since early October, but the recent drop raised questions about the sustainability of its upward momentum. The market dynamics and the anticipation surrounding ETFs showed signs of cooling down, according to Crypto research firm Swissblock.
Market Trends in the Upcoming Week to Be Influenced by Q3 Results
The earlier enthusiasm surrounding potential early rate cuts by the US Federal Reserve has waned due to higher-than-expected US inflation and positive job data. This shift has tempered global market sentiments, introducing a note of caution.
Piyush Goyal Affirms: No Plans to Lift Export Curbs on Wheat, Rice, Sugar
Addressing reporters, Goyal stated, "There is no proposal as of now to remove export restrictions on wheat, rice, and sugar. And India will not import wheat and sugar."
India Urges the U.S. to Reinstate GSP Status for Duty-Free Exports
In a joint statement issued after the meeting, Commerce Minister Goyal reiterated India's interest in regaining its beneficiary status under the GSP program. Ambassador Tai acknowledged the possibility of considering this restoration, contingent upon the eligibility criteria defined by the US Congress.
January Witnesses Slowed FPI Inflows: A Market Analysis
Based on data from the National Securities Depository Limited (NSDL), the total FPI investment through stock exchanges as of January 13 stands at Rs 2,743 crores, as conveyed by Vijayakumar.
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