Indian equities have seen a significant time correction in the past year and a half. The benchmark BSE Sensex was at 59,106 as of Monday’s close, which is below the levels the gauge was trading at in October 2021. Has the market, then, become cheaper? Yes, and no. The valuation differential between India and China […]
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Gold rate is trading flat on Tuesday, while the silver rate is down 0.47%. On Multi Commodity Exchange, gold June futures were trading at Rs 59,735 per 10 grams, down Rs 29 or 0.05%. Silver May futures were trading lower by Rs 358 at Rs 75,101 […]
Indian offshore rig operators are set for a 30 per cent spurt in operating profit in fiscal 2025 as strong global demand for rigs amid healthy crude oil prices keeps day rates elevated after doubling to ~$85,000 from last year’s level, said a report by CRISIL Ratings. The operators, it added, will benefit gradually as […]
India announced steps to deepen its foreign exchange market by allowing local residents trade currency derivatives contracts popular in the offshore market, according to the central bank. Local lenders with a so-called IFSC Banking Unit — basically having a unit in the International Financial Services Centre currently in GIFT City in the western state of […]
Indian banks reported a total of 12,069 card and internet-related digital frauds during H1FY24 (April-September) amounting to Rupees 630 crore, up seven-fold from Rupees 87 crore of frauds in the corresponding period previous fiscal, the Reserve Bank of India’s (RBI) trends and progress in banking 2023 report said. Overall, lenders reported a total of 14,483 […]
Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian equity indices remained under pressure in the second half on Thursday with all the sectoral indices trading in the red. The 30-share BSE Sensex fell over 800 points to 61,799 and the NSE Nifty 50 tanked 1.14% to 18,414. After reaching a fresh record […]
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