By Nagaraj Shetti A sharp down trended move continued in the market for the second consecutive sessions on Wednesday and Nifty closed the day lower 174 points amidst a range movement. Another long bear candle was formed on the daily chart, which signal a downtrend continuation pattern in the market. The formation of long bear […]
Domestic indices ended the week broadly in green. The NSE Nifty 50 settled above 17100, BSE Sensex surged 350 pts and Bank Nifty closed near 39600. The top gainers on the Nifty 50 were HCL Tech, Hindalco, UltraTech Cement, UPL and JSW Steel while the losers were Eicher Motors, NTPC, Maruti, ITC and Power Grid. […]
By Rajesh Bhayani Sovereign gold bonds (SGBs) seem to have lost their lustre, at least in the short term, as the demand has shrunk to a three-year low. Three SGB issues so far in FY23 garnered only 8.73 tonne. The Reserve Bank of India (RBI) will launch the last tranche of this fiscal’s SGBs in […]
While the country has set new records in production of several agricultural commodities in the last decade, the rising consumption has resulted in continued supply constraints, and sustained dependence on imports. In 2023, because of uneven distribution of monsoon rains and untimely showers prior to harvesting output of several agricultural commodities took a hit, resulting […]
India has released the second tranche of USD 2.5 million to the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA). The Indian contribution was handed over by India’s Chargee d’Affaires Mrs Elizabeth Rodrigues in Ramallah. With this tranche, India has fulfilled its annual contribution of USD 5 million for […]
Nearly 476,530 residential units were sold across seven major cities in 2023, highest in the last 10 years, a new report released on Thursday showed. 2023 saw a 31% growth over 2022, which had seen total sales of 364,870 units across the top seven cities, according to the report by Anarock Property Consultants. The decade’s […]
The world of tokenisation seems to have progressed since it was introduced, especially with the introduction of non-fungible tokens (NFTs). In 2023, apart from cryptocurrencies, NFTs are considered to have shown promising signs to ensure their credibility for upcoming years. However, effects of the 2022 bear market are believed to be evident in this year, […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity indices surged on Wednesday after RBI MPC raised the key interest rate by 25 basis points, taking the repo rate to 6.5%. The rate hike was in line with market expectations. The Nifty closed above 17850 and Sensex settled above 60650. The BSE […]
US stocks retreated and benchmark Treasury yields wavered on Tuesday as Federal Reserve Chairman Jerome Powell commenced his semi-annual, two-day monetary policy testimony before Congress. All three major U.S. stock indexes were languid in early trading before Powell’s prepared remarks were released as he sat down to testify before the Senate Banking Committee. “(Powell is) […]
By Raj Deepak Singh Rupee continued to appreciate for 3rd consecutive week amid the soft dollar combined with a rise in risk appetite in the domestic markets. The dollar index slipped after the series of weak economic data fueled the expectation of a pause in a rate hike in May with rate cuts soon after […]
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