The first two months of calendar year 2023 have seen a cumulative erosion of Rs 24.7 trillion in market capitalisation, according to BSE data – the highest ever in the first two months. This is almost double the Rs 13.6-trillion loss during the corresponding period of 2022. The BSE’s total mcap now stands at Rs […]
Equity benchmark indices Sensex and Nifty buckled under selling pressure after nine-session rally on Monday, as massive sell-off in IT, tech and telecom counters unnerved investors. Intense selling in Infosys, which fell over 9 per cent after lower-than-expected revenue guidance for FY24, and HDFC twins also pulled the benchmarks down. Also Read: Gold Price Today, […]
The Commerce Ministry in its annual review on Tuesday said that more than 1.14 lakh startups have been recognized by the government which have reported the creation of more than 12 lakh jobs with an average of 11 jobs created by each recognised startup under the Startup India programme. “Several programs have been implemented over […]
Asian shares wobbled in cautious trade on Tuesday, while the dollar was firm ahead of a series of data releases and central bank meetings that begins with the Reserve Bank of Australia later in the day. The overnight sale of First Republic Bank‘s assets to JPMorgan Chase resolved the third U.S. bank failure in two […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading flat on Thursday as a result of mixed global cues, while the silver rate is up 0.37%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,165 per 10 grams, up Rs 39 or 0.7%. Silver March futures were trading […]
By Unmesh Sharma The FOMC policy statement and press conference had enough fodder for both the pessimists and optimists. The 75bps hike was communicated clearly and hence well expected and priced in. The commentary and indeed the press conference which followed were yet again a masterclass in communication by the US Fed. The market reaction […]
Finance Minister Nirmala Sitharaman announced a push in the green energy sector in the Budget 2023. The announcement comes as India seeks to drive decarbonization and growth in sustainable energy. FM Sitharaman stated that the country would focus on green growth efforts to reduce carbon intensity and create green jobs. Green and renewable energy companies’ […]
By Nuvama estimates Marico, India’s leading consumer goods company reported its Q4FY23 results which showed a y-o-y revenue growth of 3.7%, Ebitda growth of 13.6%, and PAT growth of 20.3%, exceeding the analyst’s estimates, but below the consensus. The domestic business volumes increased by 5% y-o-y, but value growth was only 2% y-o-y due to […]
By Siddhant Mishra Inflows into equity mutual funds (MFs) in January came in at Rs 12,546.5 crore, showed data released by the Association of Mutual Funds in India (Amfi) on Thursday. This was a sharp rise from December inflows which stood at Rs 7,303 crore. All categories of equity schemes registered inflows. Midcap and smallcap […]
Electronic manufacturing services provider Avalon Technologies and construction firm Udayshivakumar Infra have received capital markets regulator Sebi’s go ahead to raise funds through initial public offerings (IPOs). The two companies, which filed their respective preliminary IPO papers with the markets regulator during August and September 2022, obtained observation letters from it on January 16, an […]
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