Indian share market may open higher on Thursday. Ahead of the monthly futures & options (F&O) expiry session, SGX Nifty was up with gains, suggesting a flat to positive start for frontline indices BSE Sensex and NSE Nifty 50. In the previous session, domestic equities witnessed a volatile trading session but managed to end the …
By Ashley Coutinho The Securities and Exchange Board of India (Sebi) has expressed its displeasure over inordinate delays in scheme launches of alternative investment funds (AIFs). The first close is typically declared when the fund wants to go live with its first set of investors after collecting a good initial corpus. “The AIF industry is …
Indian share market bounced back over 45 per cent from March lows amid many ups and downs. Analysts maintain their cautious view on the market in the short-term. Vinod Nair, Head of Research at Geojit Financial Services, believes that if investors wish to earn decent returns in this volatile market then sectors such as Pharma, …
Fearing volatility in stock markets, API Holdings, the parent company of healthtech unicorn PharmEasy, has withdrawn its draft red herring prospectus (DRHP) that it had filed with the Securities and Exchange Board of India (Sebi), the company informed its shareholders in a note. The pre-IPO draft papers, which were filed late last year, are being …
Indian Railways has launched a high-level probe into the fire incident concerning the Patalkot Express, which occurred in the Agra district of Uttar Pradesh on Wednesday afternoon. In total, nine passengers sustained injuries. The fire took place near Bhandai station of North Central Railway’s Agra Division. The station is about 10 km from Agra station …
By Jigar Trivedi WTI Crude oil futures saw the best week in nine and rose more than 4%, as tight supplies more than offset worries over an economic slowdown. Weak dollar index post the Fed meeting on expectations of less aggressive rate hikes coupled with better than expected inventory data aided the black gold. EIA …
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) …