The past year has seen hectic negotiations on scores of bilateral free trade agreements being planned by India with a clutch of countries and customs unions like the EU, but it still drew a blank when it comes to clinching of such deals Much of the efforts of Indian trade negotiators were directed towards wrapping […]
Domestic indices opened flat but within minutes fell half a percent on weekly F&O expiry. The NSE Nifty 50 fell 73.50 pts or 0.42% to 17,377.40 and BSE Sensex fell 321.82 pts or 0.54% to 59,089.26. The top gainers on Nifty 50 were Adani Enterprises (up 2.65%), Coal India (up 1.49%), Adani Ports (up 1.36%), […]
By Bhavik Patel Hope for a pause in interest rates from the Fed proved to be short lived. It has become clear that the Federal Reserve will make good on its commitment to continue rate hikes and sustain those higher levels throughout this entire year. Market continued to act under the belief that since inflation […]
By Sameet Chavan Barring the initial hiccup on Monday, it was overall a week of consolidation as we were approaching the monthly expiry as well as the calendar year end. Also, 17200 – 17300 was seen as a crucial zone in order to dictate the immediate direction as we step into the New Year. The […]
By Shrikant Chouhan On Tuesday, profit booking continued at a higher level, the benchmark index Nifty 50 ended 42 points lower while the BSE Sensex lost 153 points. Among sectors, profit booking was seen in Oil and Gas stocks whereas some buying interest was seen in selective reality stocks. Technically, after a sharp decline, the […]
By Jigar Trivedi Comex Gold is up 9.2% year to date in just four months as it finished April with a small uptick of 1%. April had started with gold at $1,990 an ounce, then gold moved as high as $2,048.40, and yesterday, it closed at $1,989. The bulls failed to make a new record […]
Oil prices rose in early Asian trade on Friday after falling 2% in the previous session on central bank interest rates hikes, and is poised to end the week higher after a series of positive oil demand forecasts. Brent crude futures rose 36 cents or 0.4% to $81.57 per barrel by 0109 GMT. West Texas […]
Cine-goers will have no dearth of choice in 2024 as the Indian film landscape will come alive with big-banner movies in both Hindi and regional languages. While 2023 saw the resurgence of Hindi movies and 2022 was all about south films, 2024 will be a happy mash-up of the two. The year will be choc-a-bloc […]
ICICI Bank reported a solid 35% y-o-y earnings growth on the back of 30% y-o-y operating profit growth. NIM expanded 30 bps q-o-q to 4.7%. Asset quality metrics shows no near-term signs of stress leading to most provisions used to strengthen balance sheet. So far, the bank has been able to demonstrate its strength. We […]
The rupee depreciated by 4 paise to close at 81.34 (provisional) against the US dollar on Friday, tracking a rebound in crude oil prices and sustained foreign fund outflows. Forex traders said positive macroeconomic data and broad weakness in the American currency supported the rupee and contained the depreciation bias. At the interbank foreign exchange […]
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