Stock markets were mixed on Thursday, pressured by rising bond market costs as stubbornly high European inflation and U.S. jobless claims data fuelled expectations of more global interest rate rises. European shares rose slightly after sagging to a one-month low by the time euro zone inflation numbers justified what is widely expected to be another […]
Titan share price rose 0.83% to Rs 2,676.1 today after the company recommended a dividend of Rs 10 per equity share and reported a 50% jump in its standalone net profit to Rs 734 crore for the quarter ended March 2023 against a net profit of Rs 491 crore in the year-ago period. The revenue […]
En route to New Delhi this month, US officials proclaimed themselves satisfied that India is buying Russian oil below G-7 price caps designed to undercut Moscow’s war in Ukraine without disrupting global energy flows. Market experts — and even some of those involved in the energy trade — say it’s not so clear. India’s consumption of […]
Life Insurance Corporation of India’s (LIC) initial public offering, which has been subscribed two times so far, will close for subscription today. The issue continues to receive strong interest from employees, policyholders and retail investors. Sandip Sabharwal, investment advisor, expects a premium listing of LIC. In an interview with Surbhi Jain of Financial Express Online, […]
By Rahul Shah Equity benchmark indices posted their biggest weekly advance in a month as a retreat in oil prices eases cost pressure on companies, though the central bank remains concerned that inflation is above its targeted band. The sentiment was boosted on account of the smart rally witnessed in global markets. Asian and European markets […]
Indian equity indices ended Monday’s session in the green territory. The Sensex closed above 60,500 while the Nifty settled above 18,000 level. The top gainers of the BSE Sensex were State Bank of India (up 4.02%), IndusInd Bank (up 3.99%), Baja Finserv (up 2.87%), Tata Steel (up 2.64%) and ITC (up 2.59%). On the other […]
Indian benchmark indices are likely to open in green amid strong global cues. SGX hints at a positive start for domestic equities as Nifty futures are trading marginally higher at 17995 level on the Singapore Exchange. In the previous session, BSE Sensex plunged 632 pts to 60,115, while NSE Nifty 50 shed 187 pts to […]
Market participants have flagged higher risks emanating from the proposal of the Securities and Exchange Board of India (Sebi) to upstream clients’ funds to clearing corporations (CCs). The proposals mandate daily upstreaming of all investor funds from stock brokers and clearing members to CCs. About Rs 1 trillion of client funds could be upstreamed to […]
Realty firm Birla Estates on Monday said it has purchased a land parcel in South Mumbai to develop a premium housing project and is expecting a sales revenue of more than Rs 600 crore from this upcoming property. Birla Estates, which is the real estate arm of the Aditya Birla Group housed under Century Textiles […]
Indian benchmark indices are likely to open with gains on Tuesday amid strong global cues. SGX Nifty hinted at a positive start for domestic share market as Nifty futures traded 75 pts higher at 18,222 levels. In the previous session, BSE Sensex rallied 320 pts to 60,942, while NSE Nifty50 climbed 91 pts to 18,118. […]