World stocks were steady on the last trading day of the year as markets digested US data and the dismantling of China’s zero-COVID policy, but the global index was heading for a 20% drop over a year marred by high inflation and war in Europe. The dollar, a beneficiary of rising US interest rates, was […]
Finance Minister Nirmala Sitharaman had said earlier this year that the GST (goods and services tax) regime has brought a significant improvement in the system which has not only benefited the states but ultimately the “people as well”. One may argue that the current weighted average tax rate under GST is, which is lower than […]
The Securities and Exchange Board of India has allowed mutual funds having existing active equity-linked savings schemes (ELSS) to launch passive ELSS schemes, provided fresh flows to such existing active schemes are halted. Earlier, asset managers could launch either active or passive ELSS schemes. Passive ELSS will be cheaper, with lower expense ratio of 10-25 […]
NSE Nifty 50 index may have hit bottom at 15200, and now it looks set for a 10 per cent upside by July end, to move towards 16700-16900, Sanjiv Bhasin, Director, IIFL Securities, said in an interview with Surbhi Jain of FinancialExpress.com. Bank Nifty could reclaim 35000 levels. Owing to monthly F&O expiry on Thursday, […]
The Indian Rupee opened marginally higher at 82.68 per dollar on Monday against Friday’s close of 82.73. The domestic currency is likely to appreciate today primarily on the back of a weaker dollar. Moreover, expectations that the country’s current account deficit had likely peaked may help the rupee. On the other hand, a rise in […]
A new political front organisation of the 26/11 terror attacks mastermind Hafiz Saeed has fielded candidates for most of the national and provincial assembly constituencies across Pakistan for the February 8 general elections. Saeed, the founder of Lashkar-e-Taiba (LeT), has been in jail since 2019 after being convicted for several years in multiple terror finance […]
Domestic benchmark indices witnessed a volatile trading session of the weekly futures & options expiry. Both indices snapped 6-day winning streak to end in red on Thursday. However, in the last few weeks, Indian equity markets have rallied on the back of FII inflows, strong quarterly earnings by index heavyweights and declining volatility. Both indices […]
The Indian rupee depreciated over 11 per cent in 2022 against the dollar — its poorest performance since 2013 and the worst drubbing among Asian currencies — as the US Federal Reserve’s aggressive monetary policy propelled the greenback. The rupee closed 2022 at 82.61 to the US dollar, down from 74.29 at end of 2021 […]
Indian equity indices opened in red on Friday. The 30-share benchmark BSE Sensex was trading 420 points or 0.69% lower at 60,406.19. The NSE Nifty 50 was down 141.70 points or 0.78% at 17,985.65. HCL Tech, Sun Pharma and Nestle India were the top gainers of the Sensex. In contrast, the top losers were Tata […]
Gold price jumped Rs 335 to Rs 57,463 per 10 gram in the national capital on Wednesday amid a rally in yellow metal prices internationally, according to HDFC Securities. The precious metal had settled at Rs 57,128 per 10 gram in the previous trade. “Spot gold prices in the Delhi markets traded at Rs 57,463 […]
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