By Ruchit Jain In March monthly expiry, we witnessed long rollovers in both Nifty and Bank Nifty to the April series as the rollovers were higher than the last 3-month average. However, during this week we have not seen any fresh additions in positions. In Monday’s session, the markets rallied sharply and surpassed the 18000 […]
Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Germany’s DAX gained 0.4% to 15,644.08 and the CAC 40 in Paris was up 0.7% at 7,397.31. London’s FTSE 100 edged 0.1% lower to 7,941.38. The future for the […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate was positive on Wednesday as traders await rate hike decision from the US Fed, while silver rate was up 0.36%. On Multi Commodity Exchange, gold February futures were trading at Rs 54,848 per 10 grams, up Rs 105 or 0.19%. Silver March futures were […]
Generative AI platforms like Open AI, Google Bard and others have been advised by the government not to release to the public any experimental variants, just by putting a disclaimer. Tech firms not heeding the advise would not be eligible for legal protection under safe harbour clause in case of any user harm, sources said. […]
Foreign institutional inventors (FII) bought shares worth a net Rs 619.92 crore while domestic institutional investors (DII) purchased shares worth a net Rs 36.75 crore on Tuesday, December 13, 2022, according to the data available on NSE. For the month till December 13, FII sold shares worth a net Rs 5,176.03 crore while DII bought […]
Materials science company Dow is cutting about 2,000 jobs, or approximately 5 per cent of its global workforce, as part of an effort to reach USD 1 billion in cost savings this year.The Midland, Michigan-based company currently employs approximately 37,800 people.Dow Inc. will take a charge of USD 550 million to USD 725 million in […]
Investment patterns saw a behavioural change in the financial year gone by, with the volatility in the markets unnerving investors. Cash turnover at National Stock Exchange (NSE), which dominates the segment, took a near-20% plunge in FY23 — the sharpest drop in 11 years since a 21.4% slide in FY12. The cash turnover at Bombay […]
The Street’s optimistic earnings growth estimates for FY24 and FY25, of 17% and 16% respectively, for the Nifty set of companies could be cut by 40%, Bank of America (BofA) Securities said on Thursday citing, among other factors, a recession in the US. The brokerage noted there were already signs of earnings weakening in the […]
Domestic indices Nifty and Sensex trade in the green amid volatility after opening in the positive territory. Nifty adds 0.75% to trade at 18,045 while Sensex gains 77 points to trade at 60,644. The broader indices are in the positive territory while the sectoral indices shift between gains and losses, with Nifty Metal rising 2.73% […]
Asian equities edged higher on Wednesday, while the dollar steadied as investors braced for U.S. inflation data that will influence the Federal Reserve‘s interest rate policy. MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.28% higher, while Japan’s Nikkei gained 1%. Australia’s S&P/ASX 200 index rose 0.80%. While China‘s reopening from pandemic controls has […]