By Amit Pabari After a non-event kind of July futures expiry, the USDINR pair was seen catching a roller coaster ride. The weaker dollar, probable 5G spectrum inflows, and RBI’s selling side intervention resulted in a breakout of crucial support of 79.70 and 79.50 in Indian Rupee. The bearish momentum was seen extending up to …
By Ashley Coutinho The past few months have seen a marked slowdown in additions of active customers by brokerages amid a wobble in the Indian equities and a host of regulatory diktats. “Market sentiment has taken a hit in the past few months. Cash market volumes have dipped 25-30% this fiscal and IPOs have dried …
Dalal Street headline indices witnessed a volatile trading session where bulls and bears engaged in a tug-of-war for most of the day only to see bulls emerge victorious at the closing bell. S&P BSE Sensex added 214 points or 0.37% to settle at 58,350 while the NSE Nifty 50 index gained 42 points to end …
Prime Minister Narendra Modi dedicated two rail projects during his visit to Maharashtra today. Both the projects will improve the connectivity in the region and boost the local economy. These projects are – (a) Electrification of Kurduwadi-Latur Road railway section and (b) 3rd and 4th railway line connecting Jalgaon to Bhusaval. A look at detailed …
Stocks in Asia look set for a cautious start on Monday following a jump in Treasury yields and the dollar on expectations of further aggressive Federal Reserve interest-rate hikes to tame elevated inflation. Futures dipped for Japan, Australia and Hong Kong, while S&P 500 and Nasdaq 100 contracts declined. Global shares completed a third straight …
Internet charm and billionaire Elon Musk wants his fans to read a book that he suggests. His book suggestion comes via a post on X, formerly Twitter. He recommends reading a book called, “The Capitalist Manifesto Why the Global Free Market Will Save the World” by Johan Norberg. He further elaborates on the post that …
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 79th day by OMCs on August 12. The msot recent price reduction came in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 a …
Institutional investors have voted against two resolutions of Ramco Systems and four of Wim Plast with their entire votes polled, while a total of 247 resolutions were favoured with 100% votes cast. A resolution of DLF (related-party transaction) was disapproved with 68.85% of the institutional shareholders’ total votes polled. The motion was “rejected” based on …
India’s manufacturing sector has seen a healthy rise with its share in the Indian economy reaching pre-covid levels, ICICI Securities said in a note. The brokerage firm believes India’s manufacturing sector is poised to hit an all-time high in the medium term and analysts believe a number of stocks, linked to the sector, may rally …
Subex share price hit 20 per cent upper circuit at Rs 33.30 apiece on BSE on Wednesday, after the company announced that Reliance Jio Platforms has partnered with Subex HyperSense AI to augment its 5G product line. The stock has plunged 45 per cent from its 52-week high of 62.50 touched last year. In the …