By Dharmesh Shah Equity benchmark extended its winning streak over the fourth consecutive week as global macro improvement kept risk appetite intact, leading Nifty to close at a 4-month high at 17698, up 1.7%. While the broader market performed in tandem with the benchmark. Sectorally, financial, metal remained at forefront while FMCG, pharma took a […]
Mukesh Ambani-led Reliance Industries and Walt Disney have signed a non-binding pact that will pave way for merger of their Indian media businesses, latest media reports say. A Reuters report quoting ET said that mega merger is believed to be completed by February 2024. The report also said that the merger would give more control […]
By Shrikant Chouhan The benchmark indices recovered sharply from the day’s lowest levels in the previous trading session. The Nifty 50 index ended 120 points higher while the BSE Sensex gained 350 points. Among sectors, metal stocks outperformed as a result metal index rallied over 4 per cent whereas Bank Nifty and Auto indices remained […]
By Royce Vargheese Joseph Oil tumbled on recession-driven demand concerns WTI Crude oil futures declined during all the trading days in the previous week and closed down more than 11% wow, below $72 per bbl. Optimistic reports from China were mired by deteriorating global growth, disappointing inventory data from the US, and a demand downgrade […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Tuesday, 21 March 2023, keeping costs steady for about nine months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing […]
In a relief for telecom operators – Reliance Jio, Bharti Airtel, and Vodafone Idea — the government does not seem to be going ahead with its earlier proposal of compulsorily displaying calling party names — Calling Name Presentation — in mobile calls. The clause which mandated this in the draft Telecom Bill has been dropped […]
Oil prices were little changed in early trading on Wednesday after industry data showed an unexpected build in U.S. crude and gasoline inventories, offsetting concerns about tightening supply ahead of output cuts by OPEC producers. In a sign of market tightness, U.S. crude futures have flipped into backwardation, with the front month contract trading 6 […]
Oil prices slipped in early trade on Wednesday after industry data showed a surprise build in U.S. crude stocks, while investors awaited U.S. inflation data for April that could give direction for the Federal Reserve‘s next rate decision. Brent crude dropped 16 cents to $77.28 a barrel at 0008 GMT, while U.S. West Texas Intermediate […]
By Manish Gupta No one stops India from buying Russian oil at above the $60 per barrel cap, imposed by G7 nations, as Indian firms do not use western services for such transactions, a senior official said on Monday, scotching rumours that the West’s conditions are hampering Delhi’s efforts to step up oil purchases from […]
Indian benchmark equity indices NSE Nifty and BSE Sensex closed in the red on fears of a looming U.S. recession, and as sentiment soured after index provider MSCI said it will cut the weightings of four Adani Group companies.. Nifty 50 declined 37 points or 0.21% to 17,856.5 while Sensex closed 123 points lower at […]
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