The Indian rupee opened flat on Friday at 82.55 per dollar, up just 1 paise from the previous close. The local unit is likely to depreciate amid a strong dollar and risk aversion in US markets. Rebound in crude prices is also expected to put pressure on the domestic currency. Market sentiments are hurt as […]
Gold price fell Rs 80 to Rs 55,840 per 10 grams in the national capital on Friday amid weak global trends, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 55,920 per 10 grams. “Spot gold prices in the Delhi markets traded at Rs 55,840 per 10 grams, down […]
India’s largest private lender HDFC Bank is expected to report a double-digit net profit growth for the fiscal fourth quarter January-March 2023, with brokerage estimates going as high as 21.7 per cent. HDFC Bank had recorded a net profit of Rs 12,698 crore for Q3 FY23. HDFC Bank will announce its March quarter results on […]
By Rahul Shah Volatility is the name of the game; the Equity benchmark index posted its second week of declines after tensions on the Ukraine-Russia border and the prospects of higher U.S. interest rates led to volatile trading. BSE Sensex slipped 320 points or 0.6% to close at 57833 and Nifty 50 index declined 98 […]
By Dilip Parmar Risk is skewed toward a weaker rupee even after multiple measures from the central bank and government, as capital outflows along with weaker macro. In the week gone, the rupee depreciated 21 paise to 79.25 after marking a life low of 79.38. Technically, the rupee has been in a downtrend and a […]
Year Ender 2023: With less than 4 days left before we bid farewell to this year forever, it becomes imperative to reflect on the transformative events that may have indelibly shaped our collective destiny. As we embark on the journey into the unknown of the coming years, this recap serves as a compass, guiding us […]
Shares of InterGlobe Aviation fell close to 4.5% on Thursday as co-founder Rakesh Gangwal’s wife Shobha Gangwal offloaded a near-4% stake in the carrier via a block deal. According to exchange data, Shobha Gangwal sold 15.6 million shares in three tranches of 5,200,000 shares each, for Rs 1,885.72, Rs 1,889.19 and Rs 1,886.29 per share, […]
Domestic indices NSE Nifty and BSE Sensex regained from day’s lows, but still closed in the red. Nifty closed below the 18,000 mark after regaining 100 points from the day’s low. Sensex added over 300 points from its intraday low to settle at 60,353. Bank Nifty lost 350 points in today’s session. The broader markets […]
Hindustan Unilever on Thursday reported its fiscal fourth quarter net profit at Rs 2,561 crore, up 8.5% on-year, meeting analyst estimates. A CNBC TV18 poll of analysts had expected HUL Q4FY23 net profit at Rs 2,580 crore. The FMCG major posted a revenue of Rs 15,215 crore for the quarter, up 10.5 per cent on-year. […]
Domestic equity indices opened in the red on Friday amid weak global cues. The BSE Sensex fell 244 pts or 0.40% to 60,562.17 and NSE Nifty 50 slipped 75.70% or 0.42% to 17,817.75. The top gainers on Sensex were Larsen & Toubro (up 0.82%), Power Grid (up 0.52%), State Bank of India (SBIN) (up 0.0.48%), […]
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