By Raghvendra Nath Equity Markets provide an instant reflection of everything happening in the Economies, directly or indirectly. Markets have been known to price risk better than anyone else. One may even say that markets are a true reflection of the collective wisdom of all participants, big and small. The nature of Equity markets is […]
The Central Government on Thursday cut the windfall tax or the special additional excise duty (SAED) on domestically produced crude oil and diesel exports. The windfall tax on crude petroleum produced by companies like the state-owned Oil and Natural Gas Corporation (ONGC) has been reduced to Rs 4,350 from Rs 5,050/tonne as per the previous […]
By Rohan Patil It was a bear controlled week for the Indian bourses where prices closed in red for the four consecutive days and lost almost 500 points after registering a lifetime high of 18604.45 on October 19. On the daily chart prices are trading within the rising channel pattern with a higher high higher […]
By Rahul Shah Equity benchmark index completed a third monthly slide (Sensex down 883 points or 1.5% in April) this year as higher oil prices, geopolitical tension, FIIs selling, prolonged war between Russia-Ukraine and sharp decline in global market dampen the sentiments. After trading within a 500-point range for the entire week, the Sensex ended […]
Gold price declined Rs 305 to Rs 56,035 per 10 grams in the national capital on Thursday amid a fall in rates of precious metal in the overseas markets, according to HDFC Securities. The yellow metal had settled at Rs 56,340 per 10 grams in the previous trade. “Spot gold prices in the Delhi markets […]
By Amit Pabari The inflation in the US began to rise from the beginning of 2021 from 2% to peak at around 9.1% in June whereas the Fed began to rise rates in March 2022 from 0.25% to 4.5% up-till December 2022. Since the inflation began to fall sustainably from July 2022 and markets got […]
By Shivangi Sarda The Nifty 50 index opened positive on Wednesday and held its gains at higher zones but remained stuck in a narrow range of 100 points in the first half. The last hour saw a quick pullback move and it inched towards 17000 zones. It gave the highest daily close of the last […]
After falling over 1% a day before, domestic indices remained flat on the monthly F&O expiry. The Nifty 50 was trading around 17500, while Sensex stayed below 59600. If Nifty settles below 17,500 today, or breaks the 17,350 level, then the lower targets of 17,035 & 16,600 are expected in the coming weeks. “Worst Case […]
Equated monthly installment (EMI) cards are a popular medium of credit, with it being preferred by 49% of borrowers, a survey by Home Credit India showed. The survey was conducted across 17 cities, including Mumbai, Kolkata, Chennai, Pune, Hyderabad, and Delhi – National Capital Region. The ‘How India Borrows’ survey noted that since 2021, the […]
Indian Oil Corp is planning to build a 10 billion rupee ($122 million) sustainable aviation fuel plant as global supplies run significantly short of what’s needed by airlines to meet decarbonization goals. The facility will have the capacity to produce 88,000 tons of SAF a year and Indian Oil is seeking to partner with other […]