By Shrikant Chouhan On Tuesday, the market finally came down with the support of the broader market. The sectors other than technology closed in the negative territory. The Nifty 50 index was at 18604, however, it closed at 18419 at the lowest point of the day. On a daily basis, the market closed at the […]
By Rajesh Palviya In the Nifty’s current series, a short covering has been witnessed with an increase in price of 3.94% and decrease in OI by -5.48% as of Wednesday wherein there was unwinding of 6.38 lakh shares in OI, decreasing from 116.52 lakh to 110.14 lakh shares. Nifty October rollover stands at 18.31%, while […]
Adani Group stocks were hit further on Monday, following the downgrading of four group firms by Moody’s. Adani Enterprises slumped 7%, while Adani Ports shed 5.25%. Five group firms — Adani Total, Adani Transmission, and Adani Wilmar, Adani Green, and Adani Power — were locked in their lower circuit of 5% on Monday. Among other […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading in the red on Wednesday as a result of negative global cues, while the silver rate is down 0.17%. On Multi Commodity Exchange, gold April futures were trading at Rs 55,882 per 10 grams, down Rs 201 or 0.36%. Silver March futures […]
By Milind MuchhalaThe Indian equity market finally seems to be witnessing the much-awaited correction, although the headline index is getting some support from the healthy performance of the financials. However, this is masking the weakness in the broader market, especially in the midcap and small cap space. While the respective indices have corrected by ~8-10%, […]
Mamaearth’s parent firm Honasa Consumer Ltd, co-founded by Shark Tank fame entrepreneur Ghazal Alagh, has filed DRHP for an IPO to raise up to about Rs 3,000 crore for existing selling shareholders and fresh issue, according to reports. Honasa Consumer is the owner and operator of personal care brands such as Mamaearth, BBlunt and The […]
Indian benchmark indices are likely to open in green, hinted SGX Nifty. Ahead of the week’s last trading session, Nifty futures were trading slightly higher at 17974 level on the Singapore Exchange. In the previous session, BSE Sensex declined 147 pts to 59,958, while NSE Nifty 50 fell 38 pts to 17,858. “Markets will react […]
By Nuvama Research FMCG major Godrej Consumer Products Ltd (GCPL) expects a double-digit sales growth in the domestic market for the December 2022 quarter. GCPL’s Q3FY23 update, is better-than expectations with a 9% y-o-y Ebitda growth (versus a 15% y-o-y dip in Q2FY23). This is the first quarter to showcase meaningful improvement under the new […]
The new norms for prevention of money laundering have lowered the threshold for identifying beneficial owners (BOs) in foreign portfolio investors (FPIs) to 10% for companies and trusts, a move that could increase compliance and know your customer (KYC) requirements and make India access a little more difficult for many such investors. This threshold was […]
U.S. stock index futures were mixed on Tuesday after Treasury Secretary Janet Yellen said the government could run out of money within a month, while investors awaited the Federal Reserve’s policy decision.The cost of insuring against a U.S. default hit fresh highs as Yellen said the government will be unlikely to meet all payment obligations […]