The rupee is expected to depreciate on Friday amid a rise in crude oil prices. Further, investors will closely watch forex reserves data from India for more clarity. “US$INR (August) is likely to trade in a range of 79.60-79.80,” said ICICIDirect. In the previous session, rupee depreciated 19 paise against the US dollar, following the …
After turning net buyers last month, foreign investors continued their positive stance on Indian equities and invested over Rs 14,000 crore in the first week of August amid softening of the dollar index. This was way higher than the net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in entire July, data …
With venture debt funds shying away from subscribing to equity warrants at high valuations, most start-ups are closing out pure-debt deals at high coupon rates. “Start-ups are taking on debt at higher than the usual 14-15.5%. Interest rates on these can go as high as 18-20%,”said an investor. The number of deals, with an equity …
InterGlobe Aviation, the parent company of IndiGo, reported a consolidated net loss of Rs 1,064.26 crore for the April-June quarter. The net loss narrowed from Rs 3,174.18 crore witnessed in the year-ago quarter. IndiGo stock was trading flat on Thursday morning but analysts see reasons to board this low-cost airline stock as a drop in …
European stocks reversed early losses on Thursday as investors remained bullish even after Federal Reserve policy meeting minutes and comments from a European Central Bank official showed that the inflation outlook had not improved. Stocks have staged a strong rebound in the past two months on hopes a peak in the pace of monetary tightening …
The Securities and Exchange Board of India (Sebi) has disposed of its adjudication proceedings against realty firm Sobha and four individuals in a case related to fraudulent trading and disclosure lapses. A settlement amount of Rs 2.92 crore was paid by the four individuals. Sebi had conducted an investigation into certain transactions by Sobha with …
Earnings yield of domestic stock markets is now less likely to fall below the 5% mark even as central banks continue their quantitative tightening process, said analysts at ICICI Securities. “… despite the ‘easing of nerves’ on interest rates, we believe we are still in a QT cycle, hence it is less likely that equity …
BSE Sensex and NSE Nifty 50 were trading one per cent higher on Thursday, a day of weekly F&O expiry. BSE Sensex rose to a day’s high of 59,484.99, and fell to day’s low of 59,280. NSE Nifty hit a day’s high of 17,719, and a low of 17,644.45 apiece. So far in the trade, …
By Rahul Shah Dalal street was in party mode last week as stock markets roared back smartly and closed above the psychological 17000 level. Equity benchmarks Sensex and Nifty spurted nearly 3 per cent to close over three-month high levels following buying in metal, banking & NBFC, IT and Auto stocks. Strong quarterly results, FII …
By Umang Thaker Systematic investing through SIP in mutual funds has become a buzz word for many savers – however, keeping the discipline of regular investments especially during a crisis requires a certain level of tenacity. Investors often encounter the ‘urge to sell’ at the first sign of trouble. This is more behavioural than analytical. …