Saudi Arabia‘s announcement to reduce how much oil it sends to the global economy may arrest the fall in international oil prices, delaying revision in fuel prices in India, industry sources said. Saudi Arabia on Sunday announced cuts of 1 million barrels per day in oil output starting July, while the rest of the OPEC+ […]
The rupee gained 6 paise to settle at 82.69 (provisional) against the US dollar on Monday as robust buying in the domestic equities and a weak American currency against key crosses overseas boosted investor sentiments. However, fresh foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said. It finally ended at […]
Domestic indices opened on a higher note on Friday amid positive global market sentiments. The BSE Sensex surged 202.46 pts or 0.34% to 59,808.26 and NSE Nifty 50 advanced 57.25 pts or 0.33% to 17,568.50. The top gainers on Nifty 50 were Divis Lab (up 2.15%), Adani Ports (up 1.55%), Bajaj Finserv (up 1.08%), UPL […]
After a nine-day winning streak, Nifty and Sensex’s rally might be cut short on Monday, as the SGX Nifty is trading in the red in the morning session. Nifty futures on the Singaporean exchange are at the 17,783.5 level, down by 87.5 points, indicating a negative start for the domestic equity indices, BSE Sensex and […]
Indian equity indices opened in the green territory on Monday after falling nearly 1% on Friday. The 30-share benchmark BSE Sensex was trading 89.67 points or 0.15% higher at 61,427.48. The NSE Nifty 50 was up 3.95 points or 0.02% at 18,272.95. The top gainers on the Sensex were Power Grid, ITC, Nestle, Bajaj Finserv […]
Aditya Birla group firm UltraTech Cement on Friday reported a 36.1 per cent decline in its consolidated net profit to Rs 1,670.10 crore for the fourth quarter ended March 2023, mainly due to an increase in input cost. The company had posted a net profit of Rs 2,613.75 crore in the January-March period a year […]
Brokers will now be penalised because of failure to comply with the ‘short allocation’ norms, according to a notice from the exchanges that took effect from Tuesday. Experts say the imposition of penalty is meant to enhance transparency by ensuring compliance with Sebi’s diktat that came into effect on August 1, 2022. The regulation requires […]
Drone maker ideaForge Technology filed papers with capital markets regulator Sebi to raise capital via an initial public offering. The drone designer and manufacturer boasted of approximately 50% market share in Indian unmanned aircraft systems. The IPO comprises fresh issues of shares worth Rs 300 crore as well as an offer-for-sale (OFS), with the promoters […]
Banks and financial services firms remain favourite bets of foreign investors in the Nifty50 universe, according to data on foreign ownership as of the last quarter of the previous fiscal. Of the top-10 entities in the Nifty pack with the highest shareholding by foreign institutional investors (FIIs), five are from the financials space. Interestingly, the […]
Gold prices corrected sharply on Friday as result of the positive U.S. employment report. The strong jobs data stoked fears of continued rate hikes from the US Federal Reserve. However, despite the global fall, April gold futures on the MCX gained in morning trade, adding Rs 400 or 0.7% to trade at Rs 56,980. Concerns […]
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