Indian benchmark indices BSE Sensex and NSE Nifty 50 are expected to extend gains on Friday amid weak global cues. SGX Nifty hinted at a negative start for domesitc equities as Nifty futures traded 0.35% lower at 18395 level on the Singapore Exchange. “Nifty is likely to retest the major support zone around 18,300. Its […]
The petroleum and natural gas regulatory board (PNGRB) proposed unified tariff at Rs 60.9/mmbtu is higher than estimated. While final notification is awaited, if this proposed tariff were to be implemented, it could result in a 15% increase in standalone Ebitda. This increase would be primarily driven by a 30% rise in the Ebitda of […]
By Rajesh Palviya On the weekly chart, NSE Nifty 50 index has formed a long bullish candle forming higher High-low compared to previous to previous week. The chart pattern suggests that if Nifty crosses and sustains above 17200 level it would witness buying which would lead the index towards 17400-17700 levels. However if index breaks […]
Indian benchmark indices are likely to open in green on Wednesday, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading higher at 17797 level. In the previous session, BSE Sensex fell 221 pts to 60,286, while NSE Nifty 50 fell 43 pts to 17,722. “Although, key indices are not doing much, individual pockets […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading in the negative on Wednesday, while the silver rate is up 0.10%. On Multi Commodity Exchange, gold June futures were trading at Rs 60,160 per 10 grams, up Rs 101 or 0.17%. Silver May futures were trading higher by Rs 71 at […]
The food ministry has asked retailers of edible oil to reduce prices, citing the sharp fall in global prices of palm, soyabean and sunflower oils and bumper production of domestic oilseeds, such as mustard, groundnut and soyabean this season.“While most of the brands have reduced prices in the past, still the prevailing maximum retail prices […]
Adani Enterprises’ follow-on public offer was fully subscribed on the last day of subscription, ie, Tuesday, January 31, 2023, with bidding still open. Qualified Institutional Buyers (QIBs) subscribed 0.97 times, Non-Institutional Investors(NIIS) subscribed 3.26 times, Retail Individual Investors (RIIs) subscribed 0.11 times, shares reserved for employees subscribed 0.52 times and in total out of 4,55,06,791 […]
Several companies opt to do a buyback of shares via the open market—stock exchange—route. This route is prone to misuse, with the tender route being a more efficient way of returning surplus funds to the shareholders. Sebi is revisiting the rules on buybacks. Shobhana Subramanian looks at what the experts have recommended. The routes to […]
Electric vehicle maker Wardwizard Innovations & Mobility aims to launch an electric car priced under Rs 10 lakh next year in partnership with a global brand, chairman and managing director Yatin Gupte told FE. The launch of the five-door, five-seater battery electric car will take place in the July-September quarter. A host of EV companies […]
NSE Indices Ltd, an NSE arm, on Friday said it has launched the country’s first ever municipal bond index. The new Nifty India Municipal Bond Index will track the performance of municipal bonds issued by Indian municipal corporations across maturities and having investment grade credit rating, NSE Indices said in a statement. The index was […]