Oil prices climbed in early Asian trade on Friday as sentiment was boosted by an expansion in factory activity in China, the world’s second largest crude consumer, and as concerns grew about Middle Eastern supply. Brent futures, which have risen nearly 6% this week, were up 15 cents, or 0.19%, at $79.42 a barrel at […]
Stock Market Holidays March 2023: There are two holidays in the month of March apart from weekends. The market will remain shut for Holi on Tuesday, March 7 and Ram Navami on Thursday, March 30, 2023. The currency derivatives segment, NDS-RST, Tri-Party Repo, Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segment will also remain […]
The Securities and Exchange Board of India (Sebi) on Friday introduced a consultation paper that proposes to allow private equity (PE) firms to become mutual funds sponsors. “PE may also provide constructive competition to the current entities in the mutual fund industry and improve value to investors. Hence, the working group agreed that PE, if […]
By Dilip Parmar Indian rupee started the year on the front foot by registering a gain in January month, the strongest January month after 2016. The lower commodity prices, the expectation of interest rate pick out and the rebound in risk assets followed by foreign fund inflows. Spot USDINR tumbled 0.98% or 81 paise to […]
The anchor book for the follow on offering of Adani Enterprises was oversubscribed on Wednesday, with the company finalising allocation of 18.26 million FPO equity shares to 33 investors, aggregating to about Rs 6,000 crore. Foreign institutional investors included the likes of Abu Dhabi Investment Authority, Maybank Asia, Goldman Sachs, Nomura, Societe Generale, Jupiter, BNP […]
BSE Sensex, NSE Nifty 50, and Bank Nifty may see up to 7 per cent correction from the current levels in near-term, but may make new highs by Diwali 2022, Sanjiv Bhasin, Director, IIFL Securities, said. Last week, BSE Sensex crossed 60,000, NSE Nifty topped 17900, and Bank Nifty ruled above 39,750. In an interview […]
Domestic indices concluded Wednesday’s volatile session in the green territory. The BSE Sensex closed above 60,340 and the NSE Nifty 50 settled above 17750. Bank Nifty concluded above 41550. The top gainers of the Nifty 50 were IndusInd Bank (up 4.81%), Adani Ports (up 3.06%), Adani Enterprises (up 2.83%), Bajaj Auto (up 2.20%) and Larsen […]
By Bhavik Patel Gold bulls heard what they were waiting for. After 10 consecutive rate hikes the Fed signaled that they may finally enact a pause of further rate increases at the next FOMC meeting in June. According to the CME’s FedWatch tool, there is a 79.5% probability that the Federal Reserve will pause at […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad:Theoil pricesin the country have not been changed on 18 December 2022 and costs have been steady for about six months now. The last country-wide change infuel rateswas on 21 May this year, when Finance MinisterNirmala Sitharamanslashed excise duty on petrol by Rs 8 per […]
The Securities and Exchange Board of India (Sebi) is likely to appeal against the order by the Securities Appellate Tribunal (SAT) in the co-location matter in the Supreme Court. The regulator may seek expungement of remarks against it such as “slow approach”, “placing a protective cover”, according to people in the know. “The judgment may […]