The fee brokers charge clients is likely to head north following the markets regulator’s decision to curb the pool of clients’ money or float lying with the brokers. On Wednesday, the Securities and Exchange Board of India (Sebi) gave its nod to a broad framework for Application Supported by Blocked Amount (Asba)-like facility being made […]
Reversing their selling trend, foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, […]
The domestic equity market would focus on global trends and foreign fund trading activity this week amid lack of any major trigger at home, analysts said. “This week won’t bring any significant cues, so we may see a tussle between bulls and bears. Because the US market is currently experiencing the second wave of selling […]
The rupee appreciated by 15 paise to close at 82.73 (provisional) against the US dollar on Thursday, tracking its regional peers and lower crude oil prices. Forex traders said a muted trend in domestic equities and foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. During the trading session, the rupee touched […]
BSE Sensex is likely to reclaim its previous high of 62,000 and Nifty 50 may rise to 18,400 ahead of the Union Budget 2022, said Sanjiv Bhasin, Director, IIFL Securities, in an interview with Surbhi Jain of Financial Express Online. Bhasin also expects Nifty to rally 22 per cent from current levels to a new […]
By Bhavik Patel Economic impact of rising interest rates is keeping prices of crude under check. Strike in France, drop in US inventory and some pullback in US dollar have stopped the prices from sliding but near term impact of crude prices will be on the direction of US dollar. 14th March US inflation number […]
Oil prices edged up on Monday, supported by OPEC+’s plans to cut more output, while investors eyed Chinese economic data for signs of a demand recovery by the world’s No. 2 oil consumer. Brent crude futures nudged 17 cents higher to $86.48 a barrel by 0144 GMT, while U.S. West Texas Intermediate crude was at […]
Iceland, nestled within the North Atlantic and Arctic oceans, is a captivating haven that draws millions of tourists annually. Its allure lies in a natural mosaic encompassing glaciers, volcanoes, fjords, and geothermal springs, painting an unparalleled landscape. Yet, amidst this breathtaking panorama, Iceland houses a substantial number of active volcanoes, roughly 32 out of a […]
By Siddhant Mishra Indian equities began the New Year on a winning note as strong buying interest in financials and metal stocks gave a fillip to the indices. The Sensex gained 327.05 points, or 0.54%, to close at 61,167.79, while the Nifty50 rose 92.15 points, or 0.51%, to 18,197.45. Also read: Markets Wrap – Mon […]
The central government has pegged the gross borrowing at Rs 15.4 trillion to fund its fiscal deficit of 5.9% for FY24, finance minister Nirmala Sitharaman said in her Budget speech. The overall borrowing of the government is lower than Rs 15.8 trillion estimated in a Bloomberg survey, but higher than Rs 14.2 trillion budgeted for […]