The Sebi’s move to designate some of the country’s top brokers as qualified stock brokers (QSBs) may increase compliance costs for these entities. Certain stock brokers handle a very large number of clients, a large amount of client funds and very large trading volumes. Any possible failure of such brokers has the potential to cause […]
Domestic indices opened Friday’s session in deep red. The Nifty slipped below 17,800 and the Sensex below 59,800. The Nifty 50 fell 120.80 pts or 0.68% to 17,771.15 and Sensex dropped 451.72 pts or 0.75% to 59,753.34. The top gainers of Sensex were Tata Motors (up 6.81%), ITC (up 2.16%), Mahindra & Mahindra (up 1.58%), […]
Adani group stocks continued falling on Friday after Morgan Stanley Capital International (MSCI) cut the free-float designations of four Adani group companies, saying that it plans to reduce the weightage of these stocks, effective March 1. Adani Enterprises shares fell nearly 10% on open today. However, the scrip recovered and was last trading down 1.8% […]
Anil Agarwal’s Vedanta Ltd share price rose 1.28% to Rs 292.95 on NSE in early morning trade on Monday. On the controversy revolving around the Hindustan Zinc deal, the group’s chief Anil Agarwal in a TV interview recently asked the government to sell its 29% stake in Hindustan Zinc, as they had agreed to sell […]
Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China’s reopening will lift fuel demand at the world’s top crude importer. Brent crude fell 36 cents, or 0.4%, to $84.92 a barrel by 0116 GMT while U.S. West Texas […]
Asian equities rose sharply on Wednesday, tracking a relief rally on Wall Street and as U.S. inflation data delivered no nasty surprises, reinforcing hopes the Federal Reserve will likely go for a smaller rate hike when it meets next week. Investors piled back into stocks in U.S. markets overnight as fears about contagion in the […]
By Shrikant Chouhan On Tuesday, due to weak global cues and uncertain geo political issues, the benchmark indices opened with a gap down. But one more time the index took the support near the 200 day SMA and registered an intraday pullback rally. From the day’s lowest levels, the Nifty 50/ BSE Sensex recovered over […]
Indian wheat prices hit a fresh record high on Monday, following a delay in releasing extra stocks by the government to boost supplies and calm the domestic market reeling from shortages triggered by last year’s lower crop, dealers and farmers said. India, the world’s second biggest producer of wheat, banned exports in May 2022 after […]
Rising for the second straight session, the rupee appreciated 8 paise to close at 82.09 (provisional) against the US dollar on Friday, supported by softening crude oil prices in the international markets. However, a muted trend in domestic equities and foreign fund outflows capped the gains in the rupee, traders said. Also read: Where is […]
The index maintenance sub-committee of NSE Indices, a subsidiary of the NSE, on Wednesday revised the methodology for treatment of demergers involving the Nifty equity indices. The change is expected to help reduce the churn in index constituents resulting from corporate action involving demergers. It will be applicable to the scheme of arrangement of all […]