COVID-19 cases continued to spike across India. According to a report by news agency PTI, forty more cases of the COVID-19 sub-variant JN.1 were recorded, with the tally of cases of the new variant across the country till December 26 rising to 109. Thirty-six cases were detected from Gujarat, 34 from Karnataka, 14 from Goa, […]
Oil prices slipped on Monday as concerns about rising interest rates, the global economy and the outlook for fuel demand outweighed support from the prospect of tighter supplies on OPEC+ supply cuts. Brent crude slipped 48 cents, or 0.6%, to $81.18 a barrel by 0045 GMT while U.S. West Texas Intermediate crude was at $77.39 […]
The domestic equity markets will be driven by ongoing quarterly earnings announcements and global factors this week, analysts said. Besides, the trading activity of Foreign Portfolio Investors (FPIs) would also be tracked. “In the domestic market, the March 2023 quarterly earnings season and Karnataka assembly elections will be in focus. Asian Paints, Cipla, Eicher Motors, […]
Oil prices rose in early Asian trade on Wednesday on anticipated U.S. crude inventory declines and OPEC+’s latest output cut targets. Brent crude futures gained 38 cents to $85.32 a barrel at 0021 GMT. West Texas Intermediate U.S. crude was up 33 cents to $81.04 a barrel. Helping boost oil prices was an industry report […]
The Securities and Exchange Board of India (Sebi) has recommended that the certificate of registration of eight alternative investment funds (AIFs) be cancelled for non-compliance of AIF regulations and failure to file periodic reports. The eight funds — Quant First Alternate Investment Trust, IREO Advantage Fund I, Paranjape Plustus Fund 1, Saveda Venture Capital Fund, […]
Indian benchmark indices are likely to snap their five day losing streak to open in the green, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading higher, up by more than 30 points, at the 17,011 level. On Wednesday, markets extended losses for a fifth session, pulled down by negative global cues and […]
Around 25 out of the 303 passengers onboard a chartered flight grounded on Thursday last week have sought asylum in France. While two of the people on board were destined by the French authorities in connection with human trafficking, some 25 others refused to fly back to India and have sought asylum in France. Those […]
Indian benchmark equity indices NSE Nifty and BSE Sensex closed in the red after a choppy session. Sensex lost 0.5% or 334 to settle at 60,506.9 while Nifty dropped 89.45 points, closing at 17,764.6. However, Nifty Next 50 fared better, closing 0.55% in the green on Monday. Sectorally, Nifty Media and Nifty FMCG outperformed while […]
Benchmark equity indices Sensex and Nifty ended lower on Wednesday, marking their third straight day of losses due to selling in IT and select banking shares and foreign fund outflows.Falling for a third day, the 30-share BSE Sensex declined 159.21 points or 0.27 per cent to settle at 59,567.80. During the day, it fell 274.29 […]
Given that the valuations of small-caps and mid-caps are elevated, investors should look at multi-cap funds to diversify across market segments and ensure some systemic risk is mitigated, say experts. The investment mandate for multi-cap funds warrants that a minimum of 25% be invested in each of the three market cap segments, irrespective of market […]
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