The domestic indices are likely to open in the red, as hinted by the SGX Nifty on Friday. Nifty futures are trading at 17,061.5, lower by 22 points on the Singaporean exchange. On Thursday, the markets snapped a two-day gaining streak, as Nifty gave up the 17,100 level, closing lower by 0.44% at 17,076.9. Sensex […]
By Jigar Trivedi Comex gold steadied around $1,780 an ounce, but ends the week lower as the US Federal Reserve offered a more hawkish outlook on its policy than markets anticipated. On Tuesday, the Fed delivered a smaller half percentage point rate hike, though it projected a terminal rate of 5.1% next year, higher than […]
German carrier Lufthansa Airlines will increase the frequency of its flights to and from India to 64 per week from January 16, the group’s senior director for South Asia, George Ettiyil, said. Currently, the per week frequency is 56 flights.Ettiyil said that the airline will start its Frankfurt-Hyderabad flights on Boeing 787–900 aircraft from January […]
Infosys losing a $1.5 billion AI deal from a global firm last week, and muted revenue growth guidance by Accenture, are clear indicators that domestic IT firms are from a recovery path, at least till the first of 2024 calendar year. Any chances of revival can only be expected by October, according to analysts. True, […]
Stocks struggled to make headway on Wednesday, the dollar nursed losses and bonds clung to gains, as signs of a slowing U.S. labour market made investors nervous about the economic outlook, while a bigger-than-expected rate hike lifted the kiwi dollar. Asia trade was thinned by holidays in Hong Kong and China, leaving MSCI’s Asia-Pacific index […]
By Ruchit Jain Post last week’s expiry, Nifty started last Friday’s session with a gap down due to negative global cues and we witnessed short formations in Nifty as well as Bank Nifty. The index continued its correction and ahead of this weekly expiry, market participants were awaiting for outcome of FED policy. Our markets […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol and diesel prices were constant on Monday, 17 April, in the figures across major cities including New Delhi, Kolkata, Mumbai, and Bengaluru. However, cities across the country have witnessed fluctuations in fuel prices across the nation. Petrol grew dearer by 23 paisa to […]
By Jamal Mecklai The IMF has reclassified India’s de facto exchange rate regime to “stabilised” from “floating” over the period December 2022 to October 2023. The Reserve Bank of India (RBI) has strongly disagreed with this characterisation, terming IMF’s analysis as being extremely short term—over a longer period (say, 2-5 years) the picture would be […]
Shares of Multi Commodity Exchange of India (MCX) tumbled nearly 8 per cent in the mid-session trade on Wednesday after its Chief Technology Officer Shashank Sathe resigned from the company. The firm’s scrip tanked 7.77 per cent to Rs 1,372.10 apiece on the NSE. On the BSE, it plunged 7.71 per cent to Rs 1,373 […]
By Rajesh Palviya Nifty started the previous week on a flat note and traded with extreme volatility on either side throughout the week. NSE Nifty 50 closed at 17110 with a loss of 69 points on a weekly basis. On the weekly chart the index has formed a “Doji” candlestick formation indicating indecisiveness amongst market […]
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