Foreign portfolio investors (FPIs) have infused Rs 8,643 crore in the Indian equity markets so far this month on the reasonable valuation of stocks, according to analysts. FPIs infused a net sum of Rs 7,936 crore in equities in March mainly driven by bulk investment in the Adani Group companies by the US-based GQG Partners. […]
Sugar industry body ISMA has revised downwards the country’s sugar production estimate to 328 lakh tonnes for the current marketing year ending September, from an earlier projection of 340 lakh tonnes. The downward revision has been made due to a fall in sugar output in Maharashtra to 105 lakh tonnes in the 2022-23 marketing year […]
Amidst growing scale of the mutual fund industry, capital markets regulator Sebi has proposed to increase the role and accountability of the trustees in a bid to safeguard unitholders’ interest. In addition, the regulator has suggested to enhance the accountability of board of asset management company (AMC). In order to have an independent review mechanism […]
By Dharmesh Shah Equity benchmarks extended gains over the third consecutive week amid decline in crude oil and industrial commodities tapering down inflation worry. The NSE Nifty 50 ended the volatile week at 16221, up 3%. Broader markets performed in tandem with the benchmark as Nifty midcap, small cap rose over 3%, each. Sectorally, all […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices remain unchanged on Thursday, 12 January 2023, keeping costs steady for about seven months now. In Delhi, petrol price 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 […]
World stocks steadied above near 6-week lows on Monday and bond yields crept higher as investors started the year’s last full trading week still mindful of interest rate hike risks in 2023. The US Federal Reserve and European Central Bank hiked rates and promised more last week, and speculation is even building that the Bank […]
Meltdown in shares of Dalal Street debutants and volatility triggered by geopolitical tensions soured the sentiments for the primary markets, with fund mobilisation through IPOs halving to nearly Rs 57,000 crore in 2022 and the New Year is expected to be even quieter. The overall collection would have been much lower had it not been […]
ICRA has revised its forecast of the year-on-year domestic jewellery consumption growth (in value terms) for FY2024 to 10-12 per cent from 8-10 per cent estimated earlier. This, it said, will be primarily driven by the rise in gold prices. Jewellery consumption is estimated to have risen by more than 15 per cent YoY in […]
Coronavirus Latest News Today: A Day after Delhi reported first case of new variant of coronavirus JN.1, a prominent hospital has issued a mask advisory for the OPDs. According to news agency ANI, Sir Gangaram Hospital has said that mask should be worn in the OPDs all the time. Sir Gangaram’s secretary Dr AK Bhalla […]
Indian share markets along with global markets will see a selloff in the first half of the year and then a bounce later as interest rates would still remain conducive for positive economic growth, said Sandip Sabharwal, investment advisor, in an interview with Surbhi Jain of Financial Express Online. Sabharwal said that in the bull […]
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