Indian banks’ asset quality continued improving in FY24, with gross non-performing asset ratio (GNPA) moderating to 3.2% as of September end, from a decadal low of 3.9% in March, according to the Reserve Bank of India’s (RBI) trends and progress in banking latest report said on Wednesday. A mix of write-offs, upgradations and recoveries contributed […]
The United States Food and Drug Administration (FDA) approves a wide range of innovative drugs and products that play a crucial role in improved patient outcomes. Based on the science used to create new products, testing and manufacturing procedures, and the diseases and conditions that new products are designed to treat. In 2023 to date, […]
By Sameet Chavan As we alluded to in our previous commentary, post the stellar run in the week the market could take some breather, which was quite evident in Thursday’s session. However, the sustainability of the current zone could be perceived as a constructive setup from a short to medium-term perspective, wherein the undertone is […]
The Securities and Exchange Board of India on Wednesday allowed the stock exchanges to extend the direct market access (DMA) facility to FPIs for participation in exchange traded commodity derivatives (ETCDs), subject to conditions. The regulator made the decision after receiving inputs from its commodity derivatives advisory committee. The new provision would come into force […]
Indian government bond yields are expected to rise in the first trading session of the new financial year, tracking a spike in oil prices, while the government’s borrowing plans for April-September weigh on sentiment. The 10-year benchmark 7.26% 2032 bond yield is expected to be in a 7.33%-7.38% range on Monday, after closing at 7.3180% […]
Foreign institutional investors (FII) sold shares worth a net Rs 6,792.8 crore while domestic institutional investors (DII) bought shares worth a net Rs 5,512.63 crore on Monday, January 30, 2023, according to the data available on NSE. For the month till January 30, FII sold shares worth a net Rs 36,025.09 crore while DII bought […]
The benchmark indices rose for the third consecutive session after the RBI delivered a smaller rate hike in line with market expectations. The investor sentiment was also lifted by largely positive global cues after remarks by Fed chair Jerome Powell on Tuesday. The Sensex rose 0.6% to close at 60,663 points while the Nifty settled […]
Pop sensation Dua Lipa is immersing herself in a memorable family vacation in India, transitioning from the enchanting landscapes of Rajasthan to the vibrant streets of New Delhi. The singer, accompanied by her family, embarked on a cultural journey by visiting the renowned Humayun’s Tomb and seeking blessings at the revered Gurdwara Bangla Sahib. Documenting […]
By Rajesh Palviya NSE’s Nifty 50 index traded with extreme volatility on either side throughout the week. However, Friday’s sell-off dragged the index lower to end in red. Nifty closed at 17375 with a loss of 142 points on a weekly basis. On the weekly chart the index has formed a bearish candle carrying either […]
Indian benchmark indices are likely to open on a muted note amid mixed global cues. SGX Nifty futures traded 30 pts higher at 17,975 level, signalling a flat-to-positve start for the domestic share market. In the previous session, BSE Sensex fell 168 pts to 60,093, while NSE Nifty 50 dropped 62 pts to 17,895. “Markets […]
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