S&P BSE Sensex and NSE Nifty 50 soared more than 8 per cent each in July, after three months of downturns. Kotak Securities believes that the market has largely digested the US Fed rate hike, economic contraction and has discounted the street’s expectation of 35-50bps rate hike by RBI in August policy meet. The brokerage …
By Preeta George & Chinmay Joshi The Reserve bank of India in its recent announcement on July 11, 2022, has allowed domestic traders to settle their import and export bills in Indian Rupee. This is a bold but effective move aimed at arresting the ongoing volatility in the foreign exchange market and its impact on …
As gold prices are at multi-year highs in both domestic and international markets, investors wanting to invest in yellow metal are in two minds on whether they should invest or wait for some correction to happen. Prathamesh Mallya, AVP – Research Non-Agri Commodities and Currencies, Angel Broking Ltd, says that it is wrong to time …
Domestic share market continued to swing between gains and losses on Wednesday as benchmark Nifty 50 tested 17,550 levels, whereas the S&P BSE Sensex was flat at 59,015 levels. Broader markets, meanwhile, outperformed frontline indices as Nifty Smallcap 100 and Nifty Midcap 100 gained up to 0.7%. Sectorally, Nifty Media and Nifty Realty held the …
Syrma SGS Technology’s Rs 840-crore IPO, which oversubscribed 32.61 times, is all set to make its share market debut on Friday, 26 August. This was the first company in over two months to hit the market with an IPO. The IPO shares were sold at a price band of Rs 209-220. In the grey market …
The Centre’s interest-free loan disbursement to state governments for asset-creating projects has reached Rs 0.54 trillion or 57% of the sanctioned amount for FY24 in the first half of the year. Of the Rs 1.3 trillion 50-year capex loan facility for states in FY24, the Center has already issued sanction letters totalling Rs 0.94 trillion …
Paytm share price rose 2 per cent on Monday to Rs 799 on BSE after the company reported a consolidated loss of Rs 645.4 crore for the quarter ended June 2022, against a loss of Rs 382 crore logged in the corresponding quarter of the previous fiscal. The digital payments platform’s consolidated revenue for the …
The government on Thursday directed edible oil makers, packers and importers to mention net quantity in terms of volume and weight on the labels instead of temperature at the time of packing as part of efforts to curb unfair business practices. The entities have been given time till January 15, 2023, to correct the labelling, …
Domestic headline indices enter the fresh week of trade on the back of gains. Dalal Street saw a volatile few days last week but managed to register gains over the five trading sessions. S&P BSE Sensex gained 89 points or 0.2 per cent to settle at 58,388, while the NSE Nifty 50 ended at 17,398, …
The Jammu-Poonch National Highway is undergoing a significant transformation, with the construction of two vital tunnels under the supervision of the Border Road Organisation (BRO). These tunnels, the ‘Kandi Tunnel’ and the ‘Sungal Tunnel,’ represent essential infrastructure developments that promise to enhance road connectivity and reduce travel distances between key destinations. The first of these …