Sun, Nov 28, 2021 2:37 PM
CIL's coal supply to power sector increased 23% in April-October
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After 2 straight months of underperformance, the midcap and smallcap indices massively outperformed the benchmark Nifty in the month of April. The Nifty Midcap index jumped 5.8 percent while the Nifty Smallcap index surged 11.4 percent in the previous month. In comparison, the benchmark Nifty was up 1.24 percent in this period.However, in March and February, the Nifty Midcap fell around 0.5%.
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All eyes are now on the Federal Open Market Committee (FOMC) meeting of the US Federal Reserve, which is scheduled for two days, from April 30 to May 1. Fed chair will be announcing the decision on interest rates—whether to decrease, increase, or maintain the current status quo—on May 1 at 2 p.m. ET.This time, the market anticipates no rate reduction due to inflation persisting.
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The family of 127-year-old Godrej Group, which has both the listed and unlisted entities, decided to split the conglomerate and operate as two entities -- Godrej Enterprises and Godrej Industries. The conglomerate operates across aerospace, aviation, defence and liquid engines among others. The realignment will be implemented after the relevant regulatory approvals have been obtained.
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