Oil prices were largely unchanged in early Asian trade on Thursday as traders weighed optimism over China’s demand outlook against the possibility of further interest rate hikes from global central banks. Brent crude futures were up 1 cent at $82.71 per barrel at 0121 GMT while U.S. crude futures fell 4 cents to $77.24.The market […]
Adani Green Energy (AGEL) on Monday said it has signed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) to supply 1,799 MW of solar power.With the signing of this balance PPA, AGEL has completed the power offtake tie-up for the entire 8,000 MW manufacturing-linked solar tender awarded to it by […]
By Manish Gupta The ‘equity oil’ issue got highlighted recently, after India faced the double whammy of spike in oil prices following the decision by Opec+ nations to cut production and Russia’s Rosneft stating it will give dividends, not equity oil, to India. For India, which imports 87% of its oil needs, equity oil is […]
Equity indices concluded Thursday’s muted session in negative territory amid weak sentiment in global markets. The NSE Nifty 50 closed above 18,100 while BSE Sensex settled below 60,900. The top gainers of the BSE Sensex were Tata Steel (up 0.73%%), Power Grid (up 0.64%), Tech Mahindra (up 0.49%), Axis Bank (up 0.47%) and HDFC Bank […]
Domestic indices recovered losses on Tuesday and closed in the green territory, reacting positively to the Economic Survey 2023. The BSE Sensex closed above 59,500 and the NSE Nifty 50 settled above 17,660. The top gainers of the BSE Sensex were Mahindra & Mahindra (up 3.53%), UltraTech Cement (up 3.09%), Power Grid (up 3.02%), State […]
Foreign investors are likely to keep flocking into South Korean bonds as cooling inflation combined with growing concerns over the nation’s key tech sector pressure the Bank of Korea to start easing policy as early as this year.Offshore markets have already scooped up a net $13.8 billion of South Korean bonds this year, outstripping inflows […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open in the green, as Nifty futures traded 44 points higher at 17,683.5 on the Singaporean exchange. On Friday, Nifty and Sensex ended flat, with Sensex settling at 59,655 and Nifty maintaining its position just under 17,625. “Mounting uncertainty in both […]
The new norms for prevention of money laundering have lowered the threshold for identifying beneficial owners (BOs) in foreign portfolio investors (FPIs) to 10% for companies and trusts, a move that could increase compliance and know your customer (KYC) requirements and make India access a little more difficult for many such investors. This threshold was […]
The India Rupee is likely to depreciate on Friday on the back of a strong dollar, rise in crude oil prices and risk aversion in global markets. Market sentiments were hurt as major central across the globe signalled that interest rates will go higher despite recessionary fears. Additionally, investors will remain cautious ahead of manufacturing […]
U.S. stock index futures were mixed on Tuesday after Treasury Secretary Janet Yellen said the government could run out of money within a month, while investors awaited the Federal Reserve’s policy decision.The cost of insuring against a U.S. default hit fresh highs as Yellen said the government will be unlikely to meet all payment obligations […]
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