By Dilip Parmar It was another week of consolidation as the rupee oscillated between 82.90 to 82.45. Last week was volatile after a lacklustre December month, as we have seen a breakdown and recovery in the spot USDINR. Now is the time to go for a short in the pair as most EM currencies started […]
By Harsh V Pant If there ever was any doubt, the year 2023 marked the final nail in the coffin for what had remained of the global order. The disarray in the world continued unabated as multiple conflicts shaped the global environment, faultlines sharpened further among major powers, and international institutions continued their debilitating streak. […]
HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on Wednesday, HDFC Capital Advisors will acquire 1.67 lakh compulsory convertible […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading flat on Tuesday despite positive global cues, while the silver rate is down 0.28%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,163 per 10 grams, down Rs 50 or 0.09%. Silver March futures were trading lower by Rs […]
By Nagaraj Shetti A sharp down trended move continued in the market for the second consecutive sessions on Wednesday and Nifty closed the day lower 174 points amidst a range movement. Another long bear candle was formed on the daily chart, which signal a downtrend continuation pattern in the market. The formation of long bear […]
Domestic indices ended the week broadly in green. The NSE Nifty 50 settled above 17100, BSE Sensex surged 350 pts and Bank Nifty closed near 39600. The top gainers on the Nifty 50 were HCL Tech, Hindalco, UltraTech Cement, UPL and JSW Steel while the losers were Eicher Motors, NTPC, Maruti, ITC and Power Grid. […]
By Rajesh Bhayani Sovereign gold bonds (SGBs) seem to have lost their lustre, at least in the short term, as the demand has shrunk to a three-year low. Three SGB issues so far in FY23 garnered only 8.73 tonne. The Reserve Bank of India (RBI) will launch the last tranche of this fiscal’s SGBs in […]
While the country has set new records in production of several agricultural commodities in the last decade, the rising consumption has resulted in continued supply constraints, and sustained dependence on imports. In 2023, because of uneven distribution of monsoon rains and untimely showers prior to harvesting output of several agricultural commodities took a hit, resulting […]
India has released the second tranche of USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). The Indian contribution was handed over by India’s Chargee d’Affaires Mrs Elizabeth Rodrigues in Ramallah. With this tranche, India has fulfilled its annual contribution of USD 5 million for […]
Nearly 476,530 residential units were sold across seven major cities in 2023, highest in the last 10 years, a new report released on Thursday showed. 2023 saw a 31% growth over 2022, which had seen total sales of 364,870 units across the top seven cities, according to the report by Anarock Property Consultants. The decade’s […]