By Amit Pabari After jumping sharply upto 76 levels against the USD, the Indian Rupee made an all-time-low on 9th May and extended its fall towards 77.62 on Friday as strength in the US dollar index dented demand for the riskier assets and currencies and as foreigners continued to withdraw their stocks and bonds. Throughout […]
Indian benchmark indices closed on a negative note on Friday. BSE Sensex dropped 316.94 points to settle at 61,002.5 while Nifty lost 0.5%, closing under the 18,000 level at 17,944. After the initial downtick, the Nifty index tried to pare losses but continuous selling in the banking majors combined with a downtick in the IT […]
Oil prices eased in early Asian trade on Thursday after weak U.S. job openings data signalled cooling economic conditions which may hit demand. West Texas Intermediate U.S. crude was down 14 cents to $80.47 a barrel at 2241 GMT. On Wednesday, Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a barrel. Prices […]
Staying true to the prediction by the India Meteorological Department, a dense fog engulfed Delhi on Tuesday morning as the mercury level hovered around 7 degree Celsius. As a result, the visibility at Delhi’s main weather station at Safdarjung was 200 metres at 5:30 and while the visibility at Palam was 100 metres. After the […]
The benchmark indices have closed flat during FY23, but a total of 191 stocks from the broader market returned over 100% to investors. Of the lot, 45 were penny stocks (of value below Rs 10), while 14 were of firms that command a market capitalisation of over Rs 5,000 crore. The 14 stocks comprised one […]
Shoppers Stop’s beauty segment grew by 29 per cent for the fourth quarter of financial year 2022-23 with the company’s consolidated revenue at Rs 923.90 crore for the quarter. Shoppers Stop benefitted from a strong demand for beauty products and also higher margin private-label clothing. “The Beauty segment grew by 29 per cent. For the […]
By Jigar Trivedi Comex Gold steadied near $1,840 an ounce after retreating from multi-month highs in the previous session, as investors look ahead to a key US jobs report that could shed light on the Federal Reserve’s policy tightening path. The metal fell more than 1% on Thursday after data showed that US private employment […]
Foreign institutional investors (FII) sold shares worth a net Rs 932.44 crore while domestic institutional investors (DII) bought shares worth a net Rs 1264.74 crore on Friday, February 3, 2023, according to the data available on NSE. For the month till February 5, FIIs sold shares worth a net Rs 2,212.58 while DIIs bought shares […]
The success of Mankind Pharma’s Rs 4,326-crore IPO, the biggest this year and the third-largest since 2022, augurs well for the moribund public issue market, which has seen just six issues this year. Mankind Pharma IPO was massively oversubscribed, at 15.3 times, at close yesterday. The portion for qualified institutional buyers was subscribed 49.16 times, […]
Financial services platform KFin Technologies on Wednesday said it has fixed a price band of Rs 347-366 a share for its Rs 1,500-crore initial share sale, which will open for public subscription on December 19. The three-day initial public offering will conclude on December 21, and the bidding for anchor investors will take place on […]
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