Monday, March 16
South Korea's exports experienced a 2.4% year-on-year decline in the first 20 days of May, primarily due to decreased sales to major trade partners, including a significant drop in exports to the United States following tariff impositions.
Equirus downgraded Protean eGovernance due to losing a key government project, impacting revenue significantly. Jefferies maintains a hold on Divis Laboratories, citing patent challenges and valuation. Kotak has a sell rating on BHEL due to weak execution. CLSA is positive on Hyundai Motors India, while Morgan Stanley downgraded HAL due to concerns about execution guidance.
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, tanked in trade on Tuesday afternoon, influenced by subdued global market conditions, selling pressure, and reserved approach from institutional investors.
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, tanked in trade on Tuesday afternoon, influenced by subdued global market conditions, selling pressure, and reserved approach from institutional investors..
Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in green on Tuesday but quickly moved to the red territory. While Nifty50 went below 24,800, BSE Sensex was below 81,500.
Asian stock markets experienced a downturn following Moody's downgrade of the U.S. credit rating, citing concerns over rising debt. The downgrade, from Aaa to Aa1, triggered worries about Washington's fiscal health. Treasury Secretary Bessent downplayed the move, while the White House criticized Moody's analysis.
Stock market today: Indian equity benchmark indices, Nifty50 and BSE Sensex, opened in red on Monday. While Nifty50 was near 25,000, BSE Sensex was above 82,200.
Reliance Power and Bhutan's Green Digital Pvt Ltd have signed a deal to build a 500 MW solar power plant, Bhutan's largest, via a joint venture. This ₹2,000 crore project, a major FDI for Bhutan, will boost regional clean energy and cross-border collaboration. Reliance has initiated EPC tendering and is seeking project financing.
India's restriction on garment imports from Bangladesh via land routes is poised to create a substantial opportunity for the domestic textile sector, potentially worth Rs 1,000-2,000 crore. While boosting local manufacturing and curbing indirect entry of Chinese fabric, this move may disrupt supply chains for apparel brands, leading to a slight price increase for consumers during the winter season.
