market news

[ad_1] Penny stock Lloyds Enterprises has posted multibagger returns in the last 4 years, rising from ₹1.19 in March 2020 to around ₹28.8 currently. This implies a return of almost 2337%. An investment of ₹1 lakh in this stock in March 2020 would have turned into over ₹24 lakh now. Lloyds Enterprises Limited trades in iron and steel products in India. It also designs and manufactures heavy equipment, machinery,…

[ad_1] Recent developments have shown promise for Paytm, as it obtained approval from the National Payments Council of India (NPCI) to operate as a third-party app, allowing it to function similarly to competitors like Google Pay and PhonePe. Moreover, Paytm has forged partnerships with Axis Bank, HDFC Bank, SBI, and Yes Bank to facilitate seamless business migration, indicating proactive measures to address operational concerns. The brokerage has retained its…

[ad_1] The timing and magnitude of potential rate cuts by the Fed remain uncertain, leaving questions about whether they will be modest or significant. Nevertheless, the indication that rate cuts are forthcoming still serves as a positive factor for the market, providing some clarity amidst the uncertainty. A big event is approaching now – the General Elections 2024. A seven-phase election will start on April 19 and continue until…

[ad_1] Image used for representational purpose. | Photo Credit: Reuters The rupee rebounded 14 paise to 83.05 against the U.S. currency in early trade on Thursday as the dollar retreated from high levels in global markets after the U.S. Federal Reserve indicated three rate cuts this year. At the interbank foreign exchange market, the rupee opened strong at 83.07 against the U.S. dollar compared to the previous close of…