Oil prices steadied in early Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact of higher prices on the global economy. Brent crude futures fell 2 cents to $84.91 a barrel by 0029 GMT. U.S. West Texas Intermediate […]
Oil prices edged higher on Tuesday as market participants weighed supply cuts from OPEC+ that would tighten the global market against concerns about further interest rate hikes potentially hurting demand. Investors were awaiting a slate of reports on inflation, oil demand and supply due this week that could give the market direction. Brent crude rose […]
The government sold its maiden tranche of green bonds worth Rs 8,000 crore ($1 billion) on Wednesday. The yields on these bonds are below that of comparable bonds, meaning they were sold at a premium. The Reserve Bank of India (RBI) auctioned Rs 4,000 crore of five-year bonds at a coupon rate of 7.1%, five […]
Nitn Kapoor bought 71,561 shares of AKG Exim Ltd (AKG) at Rs 30.10 per share. Anant Aggarwal bought 44,800 shares of Aristo Bio-Tech and Lifescience Ltd (ARISTO) at Rs 82.84 per share. Madhu Devi Godha sold 16,70,514 shares of Godha Cabcon Insulat Ltd (GODHA) at Rs 1.50 per share. Econo Trading & Investment Pvt Ltd […]
Global markets will likely stabilise post geopolitical turmoil and central bank rate hikes, helping Indian share markets touch new highs in the calendar year, said Sachin Shah, Fund Manager, Emkay Investment Managers in an interview with Kshitij Bhargava of FinancialExpress.com. The conflict between Russia and Ukraine poses a near-term headwind for domestic equity markets – […]
The number of individual traders in the equity F&O segment rose 500% to 4.5 million at the end of FY22, from 7.1 lakh during FY19, a study by the Securities and Exchange Board of India has shown. Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years, […]
According to Cointelegraph, Bill Gates, investor, co-founder, Microsoft, mentioned that he believes artificial intelligence (AI) can make the world a “more equitable place” in his 2024 predictions blog post. Sources revealed that Gates had mentioned if smart investments are made now, AI can be used to “eliminate” the time between new innovations reaching the “rich […]
By Sushant Bhansali Pandemic-related disruption now seems like a distant memory. As more and more sectors like education, entertainment and travel open up, the economy has certainly turned around with great agility, and the markets have acknowledged it quite resoundingly. The intensity of the rally has definitely caught everyone by surprise. The last 10,000 points […]
A proposed government amendment seeking to remove Long Term Capital Gains Tax benefit from debt mutual funds, gold funds, international fund of funds, etc will prompt debt investors to now weigh their decisions entirely based on gross return and merit, instead of tax arbitrage. The government has reportedly introduced an amendment in the Financial Bill […]
The Indian stock market is home to many successful traders who have made their fortunes through astute investments and shrewd market moves. While scores of people and investors have made money through the markets, there are some investors who have made hundreds, or even thousands of crores of rupees. Among them are Radhakishan Damani, Rakesh […]