Oil Minister Hardeep Singh Puri on Sunday hoped petrol prices will be reduced no sooner state-owned oil companies recoup past losses.State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have for the past 15 months not revised petrol and diesel prices in line with the cost. The losses […]
By Rajesh Palviya NSE Nifty 50 index witnessed selling pressure throughout the week, dragging the index to close at its lowest point. Nifty closed at 16202 with a loss of 151 points on a weekly basis. On the weekly chart the index has formed a long bearish candle forming lower High-Low compared to previous week […]
The demand for gold this Akshaya Tritiya might be subdued as gold prices have surged drastically across the globe. On the MCX, the yellow metal is trading at Rs 60,230 per ten grams. Gold prices have rallied over 12% this year, and the high prices might lead to investors postponing their purchases. Gold price trajectory […]
– By HDFC Asset Management Company Limited Investments in fixed assets by listed private manufacturing companies stood at Rs 8.1 lakh crore on a trailing 12-month basis as of September 2023, increasing by 17 per cent over September 2022 levels. This rise has been primarily driven by key industries such as energy, automotive and industrials. […]
JN.1 COVID-19 variant in India: India is currently witnessing a surge in COVID-19 cases. According to doctors and health experts, with the rise in cases, the question of additional vaccine shots looms large. On Tuesday, India has recorded 412 fresh cases of COVID-19, while the number of active cases of the infection has gone up […]
The Securities and Exchange Board of India on Wednesday allowed the stock exchanges to extend the direct market access (DMA) facility to FPIs for participation in exchange traded commodity derivatives (ETCDs), subject to conditions. The regulator made the decision after receiving inputs from its commodity derivatives advisory committee. The new provision would come into force […]
The Ministry of Home Affairs (MHA) on Wednesday declared the organisation named ‘Muslim League Jammu Kashmir’ an ‘unlawful association’ under the anti-terror law Unlawful Activities (Prevention) Act and banned it for five years. The organisation is led by Masarat Alam, interim chairman of the faction of All India Hurriyat Conference, which was earlier led by […]
BSE Sensex, NSE Nifty 50, and Bank Nifty may see up to 7 per cent correction from the current levels in near-term, but may make new highs by Diwali 2022, Sanjiv Bhasin, Director, IIFL Securities, said. Last week, BSE Sensex crossed 60,000, NSE Nifty topped 17900, and Bank Nifty ruled above 39,750. In an interview […]
By Rajesh Palviya In Nifty current series there has been a Long Unwinding witnessed with decrease in price of -4.22% and decrease in OI by 45% as on today ,wherein there was unwinding of 37.94 lakh shares in OI, decreasing from 85.15 lakh to 47.21 lakh shares and the significant unwinding in current series was […]
Indian share market is likely to open in green, hinted SGX Nifty on Wednesday. On the Singapore Exchange, Nifty futures were trading higher at 17797 level. In the previous session, BSE Sensex fell 221 pts to 60,286, while NSE Nifty 50 fell 43 pts to 17,722. “Markets have been facing pressure on every uptick however […]
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