By Raj Deepak Singh Rupee appreciated in the week amid weakness in dollar and rise in risk appetite in the global markets. Further, rupee gained strength on softening of crude oil prices Dollar index slipped amid rise in risk appetite in the global markets and decline in US treasury yields. Yields fell after data showed …
The Indian Rupee is expected to trade steady on Thursday amid risk aversion in global markets and expectations of recovery in US Dollar. The domestic currency may track gains in regional peers as China’s stimulus plan bolsters the outlook for Asian economies. In the previous session, rupee consolidated in a narrow range and depreciated against …
BSE Sensex and NSE Nifty 50 were trading firm on Tuesday, on the back of positive global cues. BSE Sensex rose to a day’s high of 59,923.03, and a low of 59,674. Index heavyweights such as HDFC Bank, Hindustan Unilever Ltd (HUL), Housing Development Finance Corporation (HDFC), Asian Paints, and ICICI Bank contributed the most …
Auto fuel exporters like Reliance Industries will gain as the government limited the windfall tax on such shipments to just a Rs 5/litre levy on diesel in its second review of these taxes introduced on July 1, taking into consideration the fall in their refining spreads. However, it raised the new additional excise duty (cess) …
S&P BSE Sensex and NSE Nifty 50 soared more than 8 per cent each in July, after three months of downturns. Kotak Securities believes that the market has largely digested the US Fed rate hike, economic contraction and has discounted the street’s expectation of 35-50bps rate hike by RBI in August policy meet. The brokerage …
By Preeta George & Chinmay Joshi The Reserve bank of India in its recent announcement on July 11, 2022, has allowed domestic traders to settle their import and export bills in Indian Rupee. This is a bold but effective move aimed at arresting the ongoing volatility in the foreign exchange market and its impact on …
As gold prices are at multi-year highs in both domestic and international markets, investors wanting to invest in yellow metal are in two minds on whether they should invest or wait for some correction to happen. Prathamesh Mallya, AVP – Research Non-Agri Commodities and Currencies, Angel Broking Ltd, says that it is wrong to time …
Domestic share market continued to swing between gains and losses on Wednesday as benchmark Nifty 50 tested 17,550 levels, whereas the S&P BSE Sensex was flat at 59,015 levels. Broader markets, meanwhile, outperformed frontline indices as Nifty Smallcap 100 and Nifty Midcap 100 gained up to 0.7%. Sectorally, Nifty Media and Nifty Realty held the …
Syrma SGS Technology’s Rs 840-crore IPO, which oversubscribed 32.61 times, is all set to make its share market debut on Friday, 26 August. This was the first company in over two months to hit the market with an IPO. The IPO shares were sold at a price band of Rs 209-220. In the grey market …
The Centre’s interest-free loan disbursement to state governments for asset-creating projects has reached Rs 0.54 trillion or 57% of the sanctioned amount for FY24 in the first half of the year. Of the Rs 1.3 trillion 50-year capex loan facility for states in FY24, the Center has already issued sanction letters totalling Rs 0.94 trillion …