indian capital market
Indian labour market now in worst condition since Apr-May 2020: CMIE
Data published by CMIE showed that the unemployment rate, which reached 11.9 per cent in May 2021, continued to rise during early June. The 30-day moving average unemployment rate as of June 6, 2021, was 13 per cent.
Equity MFs' net inflows at over Rs 3k cr in April: AMFI
In March, the equity-linked mutual fund schemes' net inflows stood at Rs 9,115.12 crore. Whereas, in February, the equity-linked mutual fund schemes' net outflow stood at Rs 4,534.36 crore. Similarly, there was an outflow in January of Rs 9,253.22 crore and of Rs 10,147.12 crore in December 2020.
Goldman Sachs commits $10mn to support India's fight against Covid
"Since the onset of the pandemic, our firm has been focused on how we can help communities around the world, including those where we live and work," said David M. Solomon, Chairman and Chief Executive Officer. "India is home to three Goldman Sachs offices and we have a responsibility to respond and provide our firm's support and assistance."
India’s market cap rises to $2.5 trillion
According to Bloomberg data, the crash in March followed by a nationwide lockdown announced by the government, Indian stocks have added $1.23 trillion, almost doubling the aggregate market value. India’s market capitalization had fallen to $1.3 trillion on 23 March, the lowest since March 2016.
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