Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in May, several sources with knowledge of the matter said on Monday. The steady supply comes even as the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, surprisingly announced an extra […]
The SGX Nifty signaled that domestic benchmark indices NSE Nifty and BSE Sensex might open in the green, as Nifty futures traded 57.5 points higher at 18,050 on the Singaporean exchange. Benchmark indices NSE Nifty and BSE Sensex added gains on Wednesday to end the session in green. Nifty 50 rose 101 points to 17,915 […]
By Anand James A sharp decline in VIX by over 4% on Friday suggests that volatility expectations have receded. Will this pave way for continued rise in Nifty? This is the moot question as we go into the second week of July, and as earnings start to flow in. FII’s positions in index future shorts […]
Many people are familiar with the concept of a diversified portfolio. Investors often pick stocks based on the portfolio of big sharks. From Rekha Jhunjhunwala to Mukul Agrawal, Sunil Singhania and Vijay Kedia, investors keep a close eye on the investments of these sharks. Though it is a high-reward investing strategy it is not without […]
World stocks were steady on the last trading day of the year as markets digested US data and the dismantling of China’s zero-COVID policy, but the global index was heading for a 20% drop over a year marred by high inflation and war in Europe. The dollar, a beneficiary of rising US interest rates, was […]
Finance Minister Nirmala Sitharaman had said earlier this year that the GST (goods and services tax) regime has brought a significant improvement in the system which has not only benefited the states but ultimately the “people as well”. One may argue that the current weighted average tax rate under GST is, which is lower than […]
The Securities and Exchange Board of India has allowed mutual funds having existing active equity-linked savings schemes (ELSS) to launch passive ELSS schemes, provided fresh flows to such existing active schemes are halted. Earlier, asset managers could launch either active or passive ELSS schemes. Passive ELSS will be cheaper, with lower expense ratio of 10-25 […]
NSE Nifty 50 index may have hit bottom at 15200, and now it looks set for a 10 per cent upside by July end, to move towards 16700-16900, Sanjiv Bhasin, Director, IIFL Securities, said in an interview with Surbhi Jain of FinancialExpress.com. Bank Nifty could reclaim 35000 levels. Owing to monthly F&O expiry on Thursday, […]
The Indian Rupee opened marginally higher at 82.68 per dollar on Monday against Friday’s close of 82.73. The domestic currency is likely to appreciate today primarily on the back of a weaker dollar. Moreover, expectations that the country’s current account deficit had likely peaked may help the rupee. On the other hand, a rise in […]
A new political front organisation of the 26/11 terror attacks mastermind Hafiz Saeed has fielded candidates for most of the national and provincial assembly constituencies across Pakistan for the February 8 general elections. Saeed, the founder of Lashkar-e-Taiba (LeT), has been in jail since 2019 after being convicted for several years in multiple terror finance […]