As China begins lifting its zero-Covid policy, Indian shares rallied buoyed by the metals pack. With the hopes of a revival in demand in China, the Nifty Metal index rose 4.23% in trade on Tuesday, extending its rally for the second consecutive session. Increased domestic expenditure on infrastructure and optimistic Q3FY23 expectations are also fuelling […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Monday, January 16, 2023. Indiabulls Housing Finance and Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Monday. According to […]
The government has extended the deadline for completion of the flagship highway development project Bharatmala Phase-I to 2027-28, a full six years from the original schedule. The move follows an over 100% increase in the estimate cost of the mega project to nearly Rs 11 trillion, and reflects the slowing of implementation, and financial constraints. […]
Winemaker and seller Sula Vineyard shares listed at a muted listing over IPO price on NSE and BSE amid a positive domestic market. Sula Vineyard stock made its market debut at Rs 358 on the BSE, as compared to the public issue price of Rs 357. The scrip shortly thereafter fell to Rs 348.5 per […]
The Indian rupee opened 10 paise higher at 81.23 per dollar on Monday against the previous close of 81.33 per dollar. The local unit is expected to appreciate further following the weakness in the dollar and a rally in global risky assets. “In the near term, US$INR is expected to trade on a weaker note […]
The tech-focused Nasdaq fell more than 1% on Monday as megacap growth stocks including Apple, Amazon and Alphabet declined ahead of their earnings reports this week, while investors also awaited key central bank meetings. The U.S. Federal Reserve is seen hiking the Fed funds rate by 25 basis points (bps) at the end of its […]
By Amit Pabari After jumping sharply upto 76 levels against the USD, the Indian Rupee made an all-time-low on 9th May and extended its fall towards 77.62 on Friday as strength in the US dollar index dented demand for the riskier assets and currencies and as foreigners continued to withdraw their stocks and bonds. Throughout […]
Indian benchmark indices closed on a negative note on Friday. BSE Sensex dropped 316.94 points to settle at 61,002.5 while Nifty lost 0.5%, closing under the 18,000 level at 17,944. After the initial downtick, the Nifty index tried to pare losses but continuous selling in the banking majors combined with a downtick in the IT […]
Oil prices eased in early Asian trade on Thursday after weak U.S. job openings data signalled cooling economic conditions which may hit demand. West Texas Intermediate U.S. crude was down 14 cents to $80.47 a barrel at 2241 GMT. On Wednesday, Brent crude futures settled up 5 cents, or 0.1%, at $84.99 a barrel. Prices […]
Staying true to the prediction by the India Meteorological Department, a dense fog engulfed Delhi on Tuesday morning as the mercury level hovered around 7 degree Celsius. As a result, the visibility at Delhi’s main weather station at Safdarjung was 200 metres at 5:30 and while the visibility at Palam was 100 metres. After the […]
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