A 33-year-old woman has died three weeks after getting infected with H5N6 strain of bird flu in China. According to media reports, she caught the rare form of the dangerous disease in the city of Bazhong, in Sichuan province, shortly after visiting a poultry market. Reportedly, the H5N6 strain is considered to be the most […]
Oil prices fell on Wednesday, erasing the previous session’s gains, after industry data showed an unexpected build in crude and fuel inventories in the United States, the world’s biggest oil user, which reignited worries about fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8%, to $74.53 a barrel at 0134 […]
Indian benchmark indices are likely to open on a muted note on Monday, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading lower at 17813. In the previous session, BSE Sensex rallied 910 pts or 1.52% to 60,842, while NSE Nifty 50 jumped 1.4% to 17,854. “Banking stocks will react on Monday to […]
Samhi Hotels Ltd – the operator of Marriott Hotels in India – has refiled its IPO draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds including Rs 1,000 crore in a fresh issue of shares. Goldman Sachs-backed Samhi Hotels’ IPO will also have an offer for sale (OFS) […]
Wipro share price jumped 2.7% to Rs 384.5 today after the IT major’s board approved a buyback of up to Rs 12,000 crore of shares at a price of Rs 445 per share. The company’s net profit fell 10% to Rs 3,149 crore in Q4FY23 from Rs 3,524 crore in the same quarter last year. […]
Indian benchmark indices are likely to open marginally higher on Wednesday, hinted SGX Nifty. Amid mixed global cues, Nifty futures traded 0.43% higher at 18506 on the Singapore Exchange. In the previous session, BSE Sensex declined 104 points to 61,702, while NSE Nifty 50 fell 35 points to 18,385. “Domestic markets succumbed to global pressure […]
Varun beverages (VBL) is well-place to capitalise on the opportunity that the early onset of summer/likely hot summer presents. The company has expanded capacity and distribution and built supply for the peak season well ahead of the usual schedule. Further, the strong growth momentum (100%+ y-o-y) of energy drink ‘Sting’ continues. Overall, the stage is […]
The Indian banking sector is expected to remain resilient as performance normalises after the highs seen in FY2023-24, said a report by ICRA while maintaining its positive outlook on the segment. This, it added, will be driven by comfortable asset quality levels, with both corporate and retail portfolios performing well in terms of delinquencies, resulting […]
US stock index futures edged higher on Monday on optimism around China reopening its borders, while signs of cooling in the labor market boosted bets of a slower pace of rate hikes by the US Federal Reserve. After being clobbered in 2022 by the Fed’s fastest pace of rate hikes since the 1980s, Wall Street […]
By Ruchit Jain Post three back-to-back negative expiries from April to June, the July series started amidst a pullback move around 15700. The market sentiment was negative as the stronger hands had short positions and the pullback from the lows did not witness broad market participation. However, the index recovered gradually and as the series […]
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