By Jigar Trivedi Comex gold steadied around $1,780 an ounce, but ends the week lower as the US Federal Reserve offered a more hawkish outlook on its policy than markets anticipated. On Tuesday, the Fed delivered a smaller half percentage point rate hike, though it projected a terminal rate of 5.1% next year, higher than […]
Shares of Multi Commodity Exchange of India (MCX) tumbled nearly 8 per cent in the mid-session trade on Wednesday after its Chief Technology Officer Shashank Sathe resigned from the company. The firm’s scrip tanked 7.77 per cent to Rs 1,372.10 apiece on the NSE. On the BSE, it plunged 7.71 per cent to Rs 1,373 […]
Amid new threats of fresh volcanic activities in Iceland, ground-breaking research has revealed that the plants surrounding the volcanoes turn greener just before the eruption is about to happen. The study shows that observing the plants and trees around the volcanoes can serve as effective warning system in the future. The research, led by McGill […]
Benchmark indices BSE Sensex and NSE Nifty traded with cuts on Wednesday. Sensex fell around 215 points to 59,511.89 while Nifty 50 sank to the 17,604 mark. The broader markets traded in the red, the worst loser was Nifty Next 50, down 0.83%. Sectorally, indices traded broadly in the red, with Nifty IT and Nifty […]
Adani Enterprises share price jumped 1.1% today or Rs 20.95 to Rs 1,932.2 after the Gautami Adani-led company’s net profit surged 137.4% on-year to Rs 722.48 crore in Q4FY23 as against Rs 304.32 crore in the same quarter last year. The company recommended a dividend of Rs 1.20 per equity share of face value of […]
By Subash Gangadharan Daily chart indicates Nifty 50 index has reversed its recent downtrend as it has crossed the previous swing high of 17050 and filled the down gap made on 14 February 2022. Upside acceleration towards the 17800 levels is likely once the Nifty takes out the downward sloping trend line that has held […]
SGX Nifty hinted that the domestic equity indices could see a flat start. On the Singapore Exchange, Nifty futures were trading higher, up 4 points, at the 16,994.5 level. On Monday, markets gained mildly as Nifty ended marginally lower, still not reclaiming the 17,000 level, while Sensex settled at 57,613, down 40 points. “Indian markets […]
Indian benchmark indices are likely to open higher amid strong global cues, hinted SGX Nifty on Monday. On the Singapore Exchange, Nifty futures traded 83 pts higher at 18,128 level. In the previous session, Sensex fell 237 pts to 60,622, while NSE Nifty 50 declined 80 pts to 18,028. “Market is likely to remain in […]
Kotak Mahindra Bank and Evercore Inc, on Wednesday, refuted claims that the two entities are calling off their decade old tie up. “We have had a strategic alliance with Evercore since 2011 for cross-border advisory services between US, UK and India, and we will continue to collaborate and leverage our respective expertise to provide best-in-class […]
With an increase in coverage of crop insurance amongst the farmers, expenditure under the Prashan Mantri Fasal Bima Yojana (PMFBY) is projected to increase by 28% in current fiscal to Rs 17, 500 crore compared to budget estimate (BE), official sources said. Against a BE for FY24 at Rs 13,625 crore, the finance ministry has […]
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