By Ravi Singh In Samvat 2077, equity markets had a historical move as the benchmark indices touched new lifetime highs of 18000 and 62000 mark for the first time in history. Last year, the Sensex closed at 43,443 on the day of Diwali of Samvat 2076 and had gained 4,385 points or 11.23% in the […]
By Dhawal Dalal The Monetary Policy Committee (MPC) has left unchanged the key policy rate — Repo rate at 4% and the Reverse Repo Rate at 3.35% in today’s meeting. However, the central bank introduced the Standing Deposit Facility (SDF) — an additional tool for absorbing liquidity — at an interest rate of 3.75% and […]
The rupee appreciated 15 paise to settle at 82.16 (provisional) against the US dollar on Tuesday, tracking a weak American currency in the overseas market. At the interbank foreign exchange market, the local unit opened at 82.20 against the American currency and finally closed at 82.16 (provisional) against the greenback, registering a gain of 15 […]
After a strong eight-day winning streak, Nifty and Sensex’s rally might be cut short on Thursday, as the SGX Nifty is trading in the red in the morning session. Nifty futures on the Singaporean exchange are at the 17,828.5 level, down by 51 points, indicating a negative start for the domestic equity indices, BSE Sensex […]
Oil prices fell over 1% on Thursday, deepening steep losses in recent days, after the U.S. Federal Reserve increased interest rates and investors worried about a weakening global economy that could dent energy demand. Brent futures fell 76 cents, or 1.1%, to $71.57 a barrel by 0002 GMT. The global benchmark on Wednesday posted its […]
Foreign institutional investors (FII) sold shares worth a net Rs 2109.34 crore while domestic institutional investors (DII) bought shares worth a net Rs 1806.62 crore on Tuesday, January 10, 2023, according to the data available on NSE. For the month till January 10, FII sold shares worth a net Rs 10,125.91 crore while DII bought […]
Stock pickers in some of Asia’s key markets are being battered by a series of extreme weather events from heat waves to flooding, signaling the difficulties ahead as El Nino-related risks rise and climate change accelerates. In resource-rich Australia, Newcrest Mining Ltd.’s Telfer gold mine was closed earlier this month and the company’s shares fell […]
Benchmark indices NSE Nifty and BSE Sensex extended losses on Tuesday and settled in the red. The NSE Nifty 50 fell 46.7 points or 0.26% to 17,660.15 and BSE Sensex plunged 183.74 points or 0.31% to 59,727.01. In sectoral indices, Bank Nifty rose 2.65 points or 0.01% to 42,265.20 and Nifty IT jumped 158.75 points […]
The Rs 20,000-crore follow-on offering of Adani Enterprises managed to pull through on the final day on Tuesday with support from overseas investors as well as family offices of several prominent Indian businessmen in the non-institutional investors or NII category. According to people in the know, family offices of prominent Indian business The issue garnered […]
Adani Group stocks extended losses on Tuesday, with Adani Power, Adani Transmission, Adani Green Energy, Adani Total Gas, Adani Wilmar and NDTV scrips hitting lower circuits. Adani Enterprises, Adani Ports, Ambuja Cements and ACC shares tanked 2-4%. The recent developments reversed the uptrend in Gautam Adani-led companies’ shares. Questions raised on Adani Group’s debt repayment, […]