By Royce Vargheese Joseph WTI Crude oil futures ended the previous week 1.4% lower and closed at $90.77 per bbl, amid increasing concerns of a global economic slowdown. Recession fears continue to exert pressure on energy markets, with Fed minutes signalling a strong commitment to bringing down inflation to the 2% target range. On top …
Stock traders remained hesitant to make any huge wagers ahead of Jerome Powell’s speech on Friday, which may provide clues on how hawkish the Federal Reserve will be in the face of mounting economic challenges. After wandering aimlessly earlier Wednesday, the S&P 500 notched a small gain. For a second day in a row, its …
Karnataka PG Common Entrance Test (PGCET) conducted by Karnataka Education Board will be closing the edit window for Karnataka PGCET 2023 application today, October 26 at 6 pm. Candidates have the final chance to make any alteration in their application today by visiting the official website, cetonline.karnataka.gov.in, before the announcement of results. On September 23 …
Bajaj Finance reported strong headline performance in Q1FY23, supported by a buoyant business environment and continued benefit of lower interest rates. While the momentum continues for the next few months, lower discretionary income and rising rates will likely stumble Bajaj’s rapid growth trajectory. Post the recent rally, we downgrade the stock to Sell rating with …
State Bank of India (SBI) share price dropped 2.8% on Monday morning as investors reacted to the lender’s April-June quarter earnings. SBI had reported a 6.7% on-year drop in net profit to Rs 6,068 crore on Saturday, missing street estimates owing to lower NIMs. Analysts further highlighted that SBI’s other income was impacted significantly due …
Even as Indian share market benchmarks BSE Sensex and Nifty 50 are over 30 per cent up from their March lows, volatility is likely to persist owing to various factors, says Naveen Kulkarni, Chief Investment Officer, Axis Securities. He further elaborates that despite a catch rally in the last week of May, its sustainability remains …
Merger of HDFC Bank with Housing Development Finance Corporation (HDFC) could turn out to be a major event for the benchmark NSE Nifty 50 index, which currently consists of both the stocks. According to analysts at ICICI Securities, the proposed merger, once in place, will likely result in an unprecedented ~14% of the Nifty 50 …
By Prathamesh Mallya Indians’ love affair with gold goes beyond the usual perception of the yellow metal in other parts of the world, where it is seen widely as an investment option. For millennia, gold has held a special place in Indian families, as an auspicious and ornamental asset. This sentiment continues to dominate the buyers’ …
Billionaire Rakesh Jhunjhunwala Passes Away (Highlights): The stock market was in shock when the news of veteran investor Rakesh Jhunjhunwala’s passing made the headlines on Sunday morning. The billionaire whose net worth was USD 5.8 billion according to Forbes, died at the age of 62 in Mumbai. According to a PTI report, he passed away …
Investors’ wealth rose by over Rs 7.41 lakh crore in four trading days amid the stock market rally and the benchmark BSE Sensex reclaiming the 60,000-level on Wednesday. In the four days, the 30-share benchmark index has jumped 1,442.84 points or 2.45 per cent. Mirroring the rally in equities, the market capitalisation of BSE-listed firms …