Oil prices dipped in early Asian trade on Monday, but held close to the highest levels since the start of the year on optimism that China’s reopening will lift fuel demand at the world’s top crude importer. Brent crude fell 36 cents, or 0.4%, to $84.92 a barrel by 0116 GMT while U.S. West Texas […]
By Shrikant Chouhan The benchmark indices witnessed sharp recovery, from the day’s lowest level the Nifty 50 and BSE Sensex recovered over 400 and 1,500 points, respectively. Among sectors, except the IT index, all the major sectoral indices were traded in the positive territory. Due to strong buying interest, the PSU Bank index rallied over […]
Engineering & Construction company Kalpataru Projects International Limited (KPIL) on Friday said that it has secured new orders/notification of awards of Rs 3,244 crore, along with its Joint Ventures (JVs) and international subsidiaries. The new orders include, orders in Buildings & Factories (B&F) business including KPIL’s largest ever design and build contract for construction of […]
Earnings results from major retailers in the coming weeks will test the strength of the U.S. stock market rally, as investors gain insight into the health of consumer spending and the fallout on company bottom lines from inflation.As a tepid fourth-quarter results season comes to an end, Walmart and Home Depot are set to report […]
By Bhavik Patel Crude oil prices are near to those levels where OPEC+ had decided to cut production. Primary reason for the fall of crude price this week was the fear of economic slowdown and recession. Central banks mainly US, Europe and Bank Of England are hiking rates to combat inflation which could slow down […]
Pharma and diagnostics stocks jumped on Wednesday amid renewed fears of Covid outbreaks. As reports of a sudden spurt in Covid-19 cases in China, Japan, the United States of America, the Republic of Korea, and Brazil surface, a meeting on the COVID-19 situation is being held by Union Health Ministry on 21 December. Share prices […]
By Rahul Shah The Sensex has fallen nearly 2000 points in the previous week close on account of geopolitical tensions, as Russia begins military operations in Ukraine. The geopolitical event has been causing a rout across equity markets, as the world can ill-afford further disruption in trade and commodities when Covid has already weakened sovereign […]
Inflation, interest rate trajectory, global slowdown, currency and commodity prices are key factors to watch out for in 2023, says Jinesh Gopani, head of equities at Axis Mutual Fund. In an interview with Ashley Coutinho, he says domestic flows are expected to remain resilient, while FPI flows may improve amid a weaker US dollar. Edited […]
Eight out of ten Adani Group stocks pared losses after falling in early trade, to stage a sharp recovery on the back of reports suggesting that the group will prepay or repay share-backed loans by March-end. The loans are worth $690 million to $790 million, as the conglomerate seeks to burnish its credit profile after […]
By Shivangi Sarda Nifty 50 index opened positive and headed towards 17884 in the first half of yesterday’s session but it could not hold at higher zones. Bears dragged the index and it drifted towards 17613 marks by breaking below the previous day’s lows. It closed near intr-day low with losses of around 175 points […]
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