The Indian rupee closed at a more-than-two-week low against the dollar on Wednesday as the greenback staged a recovery on firmer U.S. Treasury yields.The rupee finished at 82.2250 to the U.S. dollar, its lowest level since April 3. The currency’s previous close was 82.04.Technically, 82.20 is a key level and the break indicates further losses […]
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 […]
Brokers who have provided funding to clients against shares of Adani group stocks are staring at losses worth hundreds of crores. This is because a number of the group’s shares — Adani Green Energy, Adani Transmission, Adani Wilmar, Adani Power and Adani Total Gas — have been hitting the lower circuit almost every day since […]
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