The rupee recovered early losses to close flat at 79.84 against the US dollar on Monday amid a strong greenback overseas and massive sell-off in equities. However, lower crude oil prices supported the local unit, forex dealers said. At the interbank foreign exchange market, the local currency opened weak at 79.90 and moved in a …
Reliance, Wipro, ONGC, Sona BLW, Tata Power, JSW Steel, Max Healthcare Institute, Vedanta stocks in focus
India equity markets are likely to open lower on Friday amid mixed global cues. Early trends on SGX Nifty hinted at a negative start for benchmark indices BSE Sensex and NSE Nifty 50. Nifty futures were trading 45.5 points, or 0.25% lower at 17,958.5 on the Singapore Exchange, ahead of today’s session. “The earnings season …
SGX Nifty sits in red, 17800 to act as resistance for Nifty; 5 things to know before today’s opening bell
Domestic stock markets soared higher on the weekly futures & options expiry session on Thursday. S&P BSE Sensex rallied 515 points or 0.88% to settle at 59,332 while the NSE Nifty 50 index jumped for the fourth consecutive session to end at 17,659. India VIX has meanwhile, tanked 6% to sit just above 18 levels. …
BSE reassures investors on refunds on StARMF platform
The BSE on Thursday said the delay in processing some of the refund transactions on its StARMF platform was due to incomplete information being received from some of the payment aggregators. During July, BSE StARMF processed around 1.84 crore transactions. Usually, transactions for which refunds are to be processed and money credited to the client …
India resumes mango exports to the US after two years
India resumed mango exports to the US after a pandemic-induced two-year gap. More than 1,000 tonne of alphonso, kesar and other varieties of mangoes have been shipped recently, trade sources said. India also exported mangoes to Japan for the first time while shipment to South Korea resumed after two years too. The exports of mangoes …
Sensex snaps 6-day gaining streak, Nifty ends F&O expiry at 17382, must cross 17500 to entice bulls
Domestic benchmark indices snapped their 6-day gaining streak on Thursday as headline indices ended flat with a negative bias after a volatile trading session. S&P BSE Sensex closed 51.73 points or 0.09% lower at 58,298 while the NSE nifty 50 index slipped 6.15 points or 0.04% to settle at 17,382. Sun Pharma jumped 2.46% to …
Petrol and diesel price August 23: Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for more than three months by OMCs on August 23. The last country-wide change in price came on May 21, when Finance Minister Nirmala Sitharaman announced a cut in excise duty on petrol by …
Big Bull Rakesh Jhunjhunwala passes away at 62
By Ashley Coutinho Ace investor Rakesh Jhunjhunwala, often referred to as India’s Warren Buffett, passed away on Sunday. Jhunjhunwala, who was suffering from multiple ailments, suffered a cardiac arrest and was declared dead on arrival at the Breach Candy Hospital in Mumbai at around 6.45 am on Sunday. He was 62 and is survived by …
CPI could moderate to 4% by H1FY25
India’s retail inflation, as measured by the Consumer Price Index (CPI), will likely moderate to 4% by H1FY25 from 5.02% in September, external monetary policy committee (MPC) member of the Reserve Bank of India (RBI), Ashima Goyal told Piyush Shukla in an interview. Goyal says the moderation may happen even sooner than H1FY25 if there …
GST will apply to FPIs: Sebi
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) has shot down requests by foreign portfolio investors to exempt them from paying the GST. In a mail sent last week, Sebi has clarified that services provided to FPIs will not be considered under export of services. The export of goods or services is …