Benchmark indices NSE Nifty and BSE Sensex ended Monday’s session broadly in green. The NSE Nifty 50 jumped 202.8 points or 1.12% to 18,271.8 and BSE Sensex 709.96 surged 1.16% to 61,764.25. In sectoral indices, Bank Nifty soared 622.8 points or 1.46% to 43,284, Nifty Financial Services climbed 280.1 points or 1.47% to 19,303.95 while […]
Shares of Adani Group companies came under renewed pressure on Monday, with the group’s market capitalisation slipping below $100 billion. On Monday, the group’s m-cap eroded by $3.1 billion (`25,000 crore) taking the total m-cap erosion to about $132 billion since the release of the Hindenburg Research report. The conglomerate has seen an overall m-cap […]
Indian benchmark indices are likely to snap their five day losing streak to open in the green, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading higher, up by more than 30 points, at the 17,011 level. On Wednesday, markets extended losses for a fifth session, pulled down by negative global cues and […]
By Rajesh Palviya On the weekly chart, the NSE Nifty 50 index has formed a Doji candlestick formation indicating indecisiveness amongst market participants regarding the direction. The chart pattern suggests that if Nifty crosses and sustains above 17500 level it would witness buying which would lead the index towards 17800-18000 levels. However if index breaks […]
Private sector lender IndusInd Bank today posted net profit of Rs 2040.5 crore in the fourth quarter ended March 2023, up 49.9 per cent on-year as against Rs 1361.4 crore for the same quarter last year. This is in line with the estimated Rs 2,011.8 crore according to a CNBCTV18 poll. IndusInd Bank recorded net […]
Indian benchmark indices are likely to snap their current losing streak to open in the green, hinted SGX Nifty. On the Singapore Exchange, Nifty futures were trading higher, up 95 points, at the 17,206 level. Domestic indices extended losses for the fourth session in a row. Nifty sank 111 points to close at 17,043, after […]
Oil prices steadied in early Asian trade on Tuesday after OPEC+ plans to cut more production jolted markets the previous day, with investors’ attention shifting to demand trends and the impact of higher prices on the global economy. Brent crude futures fell 2 cents to $84.91 a barrel by 0029 GMT. U.S. West Texas Intermediate […]
According to Cointelegraph, Bill Gates, investor, co-founder, Microsoft, mentioned that he believes artificial intelligence (AI) can make the world a “more equitable place” in his 2024 predictions blog post. Sources revealed that Gates had mentioned if smart investments are made now, AI can be used to “eliminate” the time between new innovations reaching the “rich […]
The number of individual traders in the equity F&O segment rose 500% to 4.5 million at the end of FY22, from 7.1 lakh during FY19, a study by the Securities and Exchange Board of India has shown. Nine out of 10 individual traders in the equity F&O segment incurred net losses during both the years, […]
A proposed government amendment seeking to remove Long Term Capital Gains Tax benefit from debt mutual funds, gold funds, international fund of funds, etc will prompt debt investors to now weigh their decisions entirely based on gross return and merit, instead of tax arbitrage. The government has reportedly introduced an amendment in the Financial Bill […]