This has been the best year for public sector unit (PSU) indices in a decade. The PSU index, comprising 56 listed firms, rallied over 53% in CY23. The other public sector index, BSE CPSE index with 57 stocks, has done even better, rising 71.7%. This is more than double of the benchmarks’ Sensex and Nifty-50, […]
By Dharmesh Shah The Nifty ended truncated week at 17758, up 0.3%. While midcaps relatively outperformed the benchmark. Sectorally, consumption, energy, realty outshone while financial, pharma took a breather. The index witnessed a gap up opening (17698-17797) during the truncated week and subsequently surpassed our target of 17900 on expected lines. However, profit booking from […]
Indian equity indices opened in red on Wednesday amid negative sentiment in global markets. The BSE Sensex fell 78.69 or 0.13% to 61,215.51 and NSE Nifty dropped 20.05 points or 0.11% to 18,212.50. The top Nifty gainers were IndusInd Bank, Britannia, BPCL, Sun Pharma and Asian Paint while the top losers were Hindalco, ONGC, JSW […]
At a time adverse headwinds are buffeting global trade, India must step up its engagement with the neighbourhood. Unfortunately, this has been a diminishing priority focus as its two-way trade with the region amounted to $33.5 billion or 2.9% of its global trade in FY23. In sharp contrast, China has notched up 1.8-times larger trade […]
Whipsawed U.S. stocks have gained an unexpected ally in recent days – a historic plunge in bond yields. U.S. government bond yields fell steeply this week, with some durations marking their biggest drops in decades, as investors bet the Federal Reserve would likely curb its aggressive rate hike trajectory to avoid exacerbating financial system stress […]
Indian equity benchmarks started Wednesday’s session in the red territory amid mixed sentiments in the global markets. The BSE Sensex fell marginally by 118.86 points or 0.20% to 60,808.57 and NSE Nifty dipped 55.90 points or 0.31% to 18,076.40. The top losers of the Sensex were Tata Steel, HCL Tech, TCS, Infosys and Wipro while […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Monday, 1 May across New Delhi, Kolkata, Mumbai, and Bengaluru. Petrol rates and diesel rates have been steady over the last eleven months. However, individual cities see fluctuations in their prices everyday. The prices of petrol and […]
By Sonam Srivastava The future of investing in India will be highly linked to the growth of new-economy industries. In 2022, I would like to see more new-age companies come into the public markets, but as an investor, I don’t want to chase the new-age theme blindly. Therefore, the most critical part of my job […]
Nifty and Sensex may open in green today amid positive global cues. The Nifty futures on the Singapore Exchange (SGX) were trading 35 pts or 0.20% higher at 17,452.50 in the early morning trade. “FPI investment in March stood at Rs 7109 crores inclusive of the Rs 15446 crores invested by GQG through bulk deals […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading flat on Wednesday despite positive global cues, while the silver rate is up 0.29%. On Multi Commodity Exchange, gold April futures were trading at Rs 55,722 per 10 grams, down Rs 34 or 0.06%. Silver May futures were trading higher by Rs […]
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