Asian stocks slipped while the U.S. dollar was steadfast on Wednesday, following U.S. inflation data and remarks from central bank officials that have investors worrying interest rates are going to be higher for longer. Headline U.S. CPI came in at 6.4% year-on-year for January, a bit higher than the 6.2% economists had expected, setting off […]
Domestic indices Nifty and Sensex are down in trade today as the indices extend losses for the second consecutive session. Nifty lost 107 points to trade at 18,015 while Sensex gave up the 60,600 level, shedding 341 points. Dr Reddy, Tata Steel, Infosys, Adani Enterprises and Reliance Industries are the most active Nifty 50 stocks […]
The National Stock Exchange (NSE) banned the trading in futures and options (F&O) of up to two stocks/securities on Friday, February 3, 2023. Ambuja Cements and Adani Ports are the stocks/securities placed on the National Stock Exchange’s futures and options (F&O) ban for trade on Friday. According to the NSE, the stocks mentioned above are […]
Pakistan has been struggling to provide even basic amenities to its citizens, with milk prices skyrocketing to Rs 250 per litre and chicken prices to Rs 750 per kg. Recently, Defence Minister Khawaja Asif declared Pakistan ‘Bankrupt’, saying that the solution to the country’s economic crises lies within Pakistan, not with the International Monetary Fund. […]
Kotak said it reads the revision in valuation formula for the balance Max-Axis deal as a realignment with regulatory guidance and the stamp of certainty on the partnership. The focus now shifts to the next leg, i.e. merger of Max Financial Services and Max Life in which the bank will likely need to play a […]
By Rahul Shah Equity markets globally remained impacted by worries on rising interest rates, elevated crude oil prices and liquidity tightening – which kept the market both volatile as well as jitter. markets registered losses in the last five trading days, Nifty closing at 16201 and Sensex closing at 54303, logging their first weekly losses […]
By Furqan Qamar & Jai Mohan Pandit ‘Hallucination’ is the Cambridge word of the year 2023, largely due to its rampant usage in the context of Artificial Intelligence (AI), particularly the large language models (LLMs), which return made-up and fictitious facts and figures and substantiate their argument by false references and citations. This makes many […]
The majority of portfolio management services (PMS) schemes underperformed the Nifty50 in CY 2022 amid sustained market volatility. As many as 56%, or 168, of the 300 PMS schemes were not able to beat the returns generated by the benchmark in CY22. The 300 schemes collectively delivered average returns of -0.2% — far lower than […]
By Rajesh Palviya Nifty started the week on a flat note and traded with extreme volatility on either side throughout the week. However Friday’s buying momentum recovered some of the earlier losses to close in negative terrain. Nifty closed at 16049 with a loss of 171 points on a weekly basis. India VIX index is […]
Rakesh Jhunjhunwala, who passed away last year, was one of the most successful investors in the country. Jhunjhunwala, known as the Big Bull, was an optimist who believed that ‘the best (of the market) is yet to come’. The billionaire investor, also called ‘Warren Buffett of India’, set an exemplary example of how to create […]
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