Moneycontrol news

Here are the latest news updates from Moneycontrol:

Top News

  1. Sensex surges 444 points, Nifty ends above 15,400: The Indian equity market witnessed a strong rally on Friday, with the Sensex surging 444 points to close at 51,441 and the Nifty ending above 15,400.
  2. Rupee strengthens against US dollar: The Indian rupee strengthened against the US dollar on Friday, closing at 74.45 against the US dollar.
  3. India's GDP growth rate to slow down to 7.3% in FY22: The Reserve Bank of India (RBI) has forecasted that India's GDP growth rate will slow down to 7.3% in the current fiscal year, down from 7.5% in the previous year.
  4. Tata Steel to acquire Thyssenkrupp's steel business: Tata Steel has agreed to acquire Thyssenkrupp's steel business in a deal worth €1.6 billion.
  5. Reliance Industries to invest ₹30,000 crore in Jio: Reliance Industries has announced plans to invest ₹30,000 crore in its telecom arm, Jio, to expand its 4G network and launch 5G services.

Market Updates

  1. Sensex gains 444 points, Nifty ends above 15,400: The Indian equity market witnessed a strong rally on Friday, with the Sensex surging 444 points to close at 51,441 and the Nifty ending above 15,400.
  2. Bank Nifty gains 1.5%: The Bank Nifty index gained 1.5% on Friday, led by gains in HDFC Bank, ICICI Bank, and Axis Bank.
  3. IT stocks gain: IT stocks such as TCS, Infosys, and Wipro gained on Friday, led by a strong rally in the US markets.
  4. Auto stocks gain: Auto stocks such as Maruti Suzuki, Hero MotoCorp, and Bajaj Auto gained on Friday, led by a strong rally in the US markets.
  5. Pharma stocks gain: Pharma stocks such as Sun Pharma, Dr. Reddy's, and Lupin gained on Friday, led by a strong rally in the US markets.

Economy

  1. India's GDP growth rate to slow down to 7.3% in FY22: The Reserve Bank of India (RBI) has forecasted that India's GDP growth rate will slow down to 7.3% in the current fiscal year, down from 7.5% in the previous year.
  2. India's inflation rate rises to 4.6% in March: India's inflation rate rose to 4.6% in March, up from 4.4% in February, according to data released by the Reserve Bank of India (RBI).
  3. India's trade deficit widens to $13.7 billion in March: India's trade deficit widened to $13.7 billion in March, up from $12.4 billion in February, according to data released by the Ministry of Commerce and Industry.

Companies

  1. Tata Steel to acquire Thyssenkrupp's steel business: Tata Steel has agreed to acquire Thyssenkrupp's steel business in a deal worth €1.6 billion.
  2. Reliance Industries to invest ₹30,000 crore in Jio: Reliance Industries has announced plans to invest ₹30,000 crore in its telecom arm, Jio, to expand its 4G network and launch 5G services.
  3. HDFC Bank to raise ₹24,000 crore through bonds: HDFC Bank has announced plans to raise ₹24,000 crore through bonds to meet its capital requirements.
  4. ICICI Bank to raise ₹10,000 crore through bonds: ICICI Bank has announced plans to raise ₹10,000 crore through bonds to meet its capital requirements.
  5. Axis Bank to raise ₹8,000 crore through bonds: Axis Bank has announced plans to raise ₹8,000 crore through bonds to meet its capital requirements.