Reliance Industries’ share price gained 0.5% to Rs 2,604 as RIL’s retail arm Reliance Retail Ventures Limited (RRVL) to acquire a 100% stake in Metro Cash and Carry for Rs 2,850 crore. The move will help the Mukesh Ambani-led giant to strengthen their position in India’s retail sector. The news comes days after the conglomerate’s […]
BSE and NSE are closed today on account of Ram Navami celebrations. This festival marks the birth anniversary of Lord Ram, which is celebrated with pomp and grandeur across the country. The country’s leading commodity exchange, the MCX will also remain shuttered for the first session of trade and will open for the evening session […]
By Rajesh Bhayani This year’s Akshaya Tritiya witnessed a rise in low-weight gold jewellery sales as consumers cut down on spending due to the high price of the precious metal. The price of gold, currently hovering around Rs 60,000 per 10 gram (24K), is roughly 18% higher than last year’s Akshaya Tritiya. This helped branded […]
Maruti Suzuki, Dalmia Bharat, Mahindra Lifespace and SBI Life Insurance have found a place in HDFC Securities’ Buy list. Except for Mahindra Lifespace, all the companies were trading in green today. In comparison, The NSE Nifty 50 was trading above 17850 and BSE Sensex jumped 100 points. In sectoral indices, Bank Nifty surpassed the 42900 […]
While the Dow Jones and S&P 500 have declined 10-20% so far this year, Indian benchmark index NSE Nifty 50 has outperformed, rallying around 4% YTD. In the coming year CY23, Nifty is likely to move towards 21,200, according to analysts at ICICIdirect. “Low leverage among heavyweight sectors like banking and technology to lead Nifty […]
Foreign institutional inventors (FII) sold shares worth a net Rs 1975.44 crore while domestic institutional investors (DII) purchased shares worth a net Rs 1542.5 crore on Friday, December 16, 2022, according to the data available on NSE. For the month till December 16, FII sold shares worth a net Rs 7,490.05 crore while DII bought […]
Benchmark indices NSE Nifty 50 and BSE Sensex trimmed some losses but ended Monday’s session broadly in red. The NSE Nifty 50 fell 121.15 points or 0.68% to 17,706.85 and BSE Sensex tanked 520.25 points or 0.86% to 59,910.75. In sectoral indices, Bank Nifty rose 130 points or 0.31% to 42,262.55, while Nifty IT plunged […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading higher on Thursday as a result of positive global cues, while the silver rate is up 2.01% extending Wednesday’s gains following the Union Budget 2023. On Multi Commodity Exchange, gold February futures were trading at Rs 58,497 per 10 grams, up Rs […]
India’s February palm oil imports dropped 30 per cent from January to their lowest in 8 months as refiners preferred to lower their stocks as inventories piled up following excessive imports during October-January, five dealers told Reuters on Thursday. The reduction in palm oil imports by India, the world’s biggest importer of vegetable oils, could […]
By Jigar Trivedi Comex gold finished the week 0.60% or $11 higher at $1,866 an ounce nonetheless it began the week on a subdued note, weighed down by hawkish remarks from Fed Chair Jerome Powell and hotter-than-expected US employment numbers. Powell warned that the ultimate level of interest rates could be higher than anticipated in […]
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