The Indian mutual fund industry, which has witnessed a 125 per cent surge in net inflows and around 24 per cent growth in Assets under Management (AUM) since the beginning of this calendar year, is likely to sustain its growth momentum in 2024, said a report by ICRA. The growth, it added, will be backed […]
The Indian Rupee is likely to depreciate on Thursday mainly on the back of a surge in crude oil prices. Oil prices rallied after data showed larger than expected draw in US crude stockpiles. Meanwhile, weakness in dollar and optimistic global markets sentiments may prevent a sharp fall in the local currency. Additionally, RBI’s monetary […]
The Reserve Bank of India (RBI) in its latest report on Wednesday on the performance of the banking sector during 2022-23 and 2023-24 so far noted that the number of invoices uploaded and financed on TReDS grew by more than 56 per cent during 2022-23, with the success rate (invoices financed) remaining steady at 94 […]
By Saumil Gandhi Commodity market witnessed bullish momentum throughout the week and most commodities gained around 1.5% to 3.0% on a weekly basis except gold. Gold prices gave up all its weekly gain and settled marginally lower last week on the back of traders locking in their profit after the recent rally. Crude oil prices […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Sunday, 19 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to one stock/security on Thursday, February 2. Ambuja Cements is the stock/security placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Thursday. According to the NSE, the stock mentioned above is prohibited in the F&O […]
Benchmark indices BSE Sensex and NSE Nifty traded with cuts on Wednesday. Sensex fell around 215 points to 59,511.89 while Nifty 50 sank to the 17,604 mark. The broader markets traded in the red, the worst loser was Nifty Next 50, down 0.83%. Sectorally, indices traded broadly in the red, with Nifty IT and Nifty […]
Adani Enterprises share price jumped 1.1% today or Rs 20.95 to Rs 1,932.2 after the Gautami Adani-led company’s net profit surged 137.4% on-year to Rs 722.48 crore in Q4FY23 as against Rs 304.32 crore in the same quarter last year. The company recommended a dividend of Rs 1.20 per equity share of face value of […]
By Subash Gangadharan Daily chart indicates Nifty 50 index has reversed its recent downtrend as it has crossed the previous swing high of 17050 and filled the down gap made on 14 February 2022. Upside acceleration towards the 17800 levels is likely once the Nifty takes out the downward sloping trend line that has held […]
SGX Nifty hinted that the domestic equity indices could see a flat start. On the Singapore Exchange, Nifty futures were trading higher, up 4 points, at the 16,994.5 level. On Monday, markets gained mildly as Nifty ended marginally lower, still not reclaiming the 17,000 level, while Sensex settled at 57,613, down 40 points. “Indian markets […]