By Bhavik Patel Hope for a pause in interest rates from the Fed proved to be short lived. It has become clear that the Federal Reserve will make good on its commitment to continue rate hikes and sustain those higher levels throughout this entire year. Market continued to act under the belief that since inflation […]
By Jigar Trivedi Comex Gold is up 9.2% year to date in just four months as it finished April with a small uptick of 1%. April had started with gold at $1,990 an ounce, then gold moved as high as $2,048.40, and yesterday, it closed at $1,989. The bulls failed to make a new record […]
ICICI Bank reported a solid 35% y-o-y earnings growth on the back of 30% y-o-y operating profit growth. NIM expanded 30 bps q-o-q to 4.7%. Asset quality metrics shows no near-term signs of stress leading to most provisions used to strengthen balance sheet. So far, the bank has been able to demonstrate its strength. We […]
By Sameet Chavan Nifty started the week on a positive note on Monday and witnessed some momentum to reclaim 17700 with ease. Bank Nifty too witnessed a similar move, where decent short covering was seen. On Tuesday, the global cues were a bit nervous, but still, we managed to shrug off the negativity and rallied […]
The rupee depreciated 4 paise to close at 82.55 (provisional) against the US dollar on Friday, tracking a muted trend in domestic equities and firm crude oil prices. Forex traders said the rupee consolidated in a narrow range amid risk aversion in global markets. Also read: Market Outlook: Nifty, Sensex end down, sentiment sours as […]
B Capital, a global multi-stage investment firm with investments in India, US, and other Asian markets, today announced the close of its third venture growth fund and related companion funds (“Growth Fund III”), with aggregate capital commitments of $2.1 billion. Together, these funds position B Capital to leverage the firm’s growth investing capabilities across the […]
Nandan Nilekani family-backed auto component company, Divgi TorqTransfer Systems (DTTS), will come up with the first initial public offer of this year. The Pune-based company’s Rs 412 crore IPO will open on March 1 in the price band of Rs 560-590 per equity share of face value of Rs 5 each. The offer closes on […]
Domestic indices ended deep in red on Wednesday falling below the crucial levels on the monthly F&O expiry day. The bloodbath on the Dalal-street pulled all the broader and sectoral indices down. The Nifty 50 settled below 17,900 and Sensex below 60,210 The top gainers of the BSE Sensex were Hindustan Unilever Ltd (HUL) (up […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Bears gripped Dalal Street amid tepid foreign flows and mixed global cues. NSE Nifty 50 closed at 17,914 levels, down 187 pts or 1.03%, and BSE Sensex declined over 631 pts or 1.04% to close at 60,115 levels. Broader markets, too, fell in line with […]
Equity markets had a historical journey in Samvat 2077, as it touched new lifetime highs with Nifty/Sensex surpassing the 18k/60k mark for the first time in history. The recent sprint to 15k in Feb’21 and 18k in Oct’21, from pandemic lows of 7.6k in Mar’20 – amid lockdowns and other health challenges – has been […]
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