Indian benchmark indices opened mildly in red on Tuesday amid mixed global cues. The Sensex was down 146.37 points or 0.24% at 60600.94, and NSE Nifty 50 was down 33.60 pts or 0.19% at 18067.60. Tata Motors, Hindalco Industries, Power Grid Corporation, Tata Steel, and ONGC were among the major gainers on Nifty, while TCS, […]
The Supreme Court Friday said there should be a robust mechanism to ensure that the interests of Indian investors are protected in the stock market and sought views of the Centre and market regulator SEBI on PILs alleging exploitation of innocent investors and “artificial crashing” of the Adani Group‘s stock value. A bench headed by […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading higher on Monday despite mixed global cues, while the silver rate is up 1.21%. On Multi Commodity Exchange, gold April futures were trading at Rs 56,615 per 10 grams, up Rs 465 or 0.83%. Silver May futures were trading higher by Rs […]
By Shrikant Chouhan On Tuesday, the benchmark indices witnessed positive momentum. After a volatile trading session in the morning, the Nifty 50/ BSE Sensex took supports near 18100/60800 and reversed sharply. Among sectors, strong buying interest was seen in reality and metal stocks while selective private banks witnessed technical sell-off at higher levels. Technically, the […]
Indian equity markets remain unimpressed with Budget 2023. After jumping nearly 2% intraday briefly, benchmark indices BSE Sensex and NSE Nifty 50 nosedived to end flat. According to analysts, there is nothing one can find negative in the budget announcement, and it could be game changer budget for the next few years. However, it failed […]
FMCG major Emami is aiming at strengthening shareholders’ “value and confidence” along with boosting share prices through its proposed buyback of shares. The company is planning to embark on the third round of buyback and the size is expected to be around Rs 200 crore. “We will have a discussion on the proposal for buyback […]
Nifty 50’s correction at 17800 still looks frothy and expensive, says Nikhil Kamath, Co-founder, True Beacon and Zerodha. In an interview with Kshitij Bhargava of Financial Express Online, Nikhil Kamath, who has been named as the youngest philanthropist in the Hurun EdelGive list 2021, says that even if there’s a 5-10% correction going forward, in […]
By Saloni Sachdeva Michael While India has a power market, it is far from optimal. Only 7% of India’s electricity generation is traded through three power exchanges (Indian Energy Exchange Ltd (IEX), Power Exchange of India Ltd (PXIL), and Hindustan Power Exchange Ltd). The situation needs to change, especially as soaring peak power demand and […]
Telecom major Bharti’s Q3 results were broadly in line with our estimates, reflecting healthy growth across segments and an uptick in margins. Consolidated revenue of Rs 35.800 crore was 2% above our estimate and increased 4% sequentially, reflecting: (i) +2% for India wireless and enterprise; (ii) +4% for homes; and (iii) +6% for Africa. Consolidated […]
Pan-African exchange Yellow Card Financial Inc. will “immediately” apply for a license in Nigeria after the country’s central bank lifted a ban on cryptocurrencies that was imposed in 2021. “You’ve waited for something and it has come true and we’ll jump on it immediately,” Ogochukwu Umeokafor, director of product management at Yellow Card, said in […]
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