Oil extended two weeks of losses after data from China reignited concerns about a patchy recovery in the world’s biggest crude importer. West Texas Intermediate futures declined 0.9%, after rallying 2.7% on Friday on the back of strong US company earnings to pare a weekly decline. China’s manufacturing activity unexpectedly contracted in April, data released […]
The rupee rose by 9 paise to close at 81.50 (provisional) against the US currency in a restricted trade on Monday, supported by a weak greenback in the overseas markets and a decline in crude oil prices. At the interbank foreign exchange market, the local unit opened lower at 81.69 and touched a low of […]
Foreign institutional inventors (FII) bought shares worth a net Rs 372.16 crore while domestic institutional investors (DII) purchased shares worth a net Rs 926.45 crore on Wednesday, December 14, 2022, according to the data available on NSE. For the month till December 14, FII sold shares worth a net Rs 4,803.87 crore while DII bought […]
By Nuvama research Leading highway developer Ashoka Buildcon has entered into an agreement with NIIF to sell 74% of its economic interest in the Jaora Nayagaon (JTCL) toll project. The JTCL transaction along with the earlier deals to sell stake in five toll and one annuity project will simplify the corporate structure and reduce leverage […]
Indian benchmark indices are likely to open in the red, hinted SGX Nifty on Friday. On the Singapore Exchange, Nifty futures were trading 0.5% lower at 17841 level. In the previous session, S&P BSE Sensex rose 142 pts to 60,806, while NSE Nifty 50 climbed 22 pts to 17,893. “The bulls are trying hard to […]
Global stock markets were mixed on Wednesday as recession fears and banking sector strain weighed on European stocks and the dollar while Wall Street stock futures firmed on bullish updates from Microsoft and Google parent Alphabet. Europe’s STOXX 600 share index fell 0.8% as regional banking stocks dropped by the same amount. MSCI’s broad index […]
By Nuvama Research Over the last 12 months, the consumer goods sector has outperformed the broader market, with the Nifty FMCG index outperforming the Nifty50 by 20%. Despite facing several headwinds in the near term, the sector’s long-term structural growth drivers remain intact. We analyse the consumer goods sector’s prospects in both the short and […]
Large shareholders in companies are increasingly looking at the block/bulk deal route to sell stake, at a time when share prices are in troubled waters. Promoters and significant shareholders usually pick up stakes during market volatility to strengthen their holdings and shore up confidence among investors. According to data, some big shareholders who have taken […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Petrol, diesel prices in the country remained unchanged on 26 December 2022 (Monday). Fuel prices have remained steady for about seven months now. The last country-wide change in fuel rates was on 21 May this year, when Finance Minister Nirmala Sitharaman slashed excise duty […]
Mumbai-based Godrej Properties share price jumped 8.37% to an intraday high of Rs 1,219.5 per share today on the back of positive March-quarter results. The real estate developer posted its best ever quarter in terms of sales bookings. Nifty Realty also gained 3.6% as Godrej Properties buoyed the index. The stock’s 52-week high is at […]
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