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Zomato share price rallies 13%, tops Rs 50 as Q1 net loss halves; should you buy, sell or hold?

Zomato share price soared more than 13 per cent to Rs 52.60 apiece on BSE on Tuesday, after the company’s net loss halved in Apr-Jun quarter of the fiscal. The food tech player posted a consolidated loss at Rs 186 crore for the quarter ended 30 June 2022, as compared to a loss of Rs …

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Share Market Highlights: Sensex tanks in dying hour to end at 58774, Nifty closes at 17522; Infosys, TCS among drags

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic stock markets dived in the closing hour of trade as bears took control of Dalal Street. S&P BSE Sensex tanked 310 points or 0.53% to settle at 58,774 while the NSE Nifty 50 index was down 82 points or 0.47% at 17,522. Bank Nifty …

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Rupee likely to depreciate amid strong dollar, elevated crude prices; USDINR pair to trade in this range

The Indian Rupee is likely to remain under pressure amid risk aversion in equity markets, rising crude prices and strength in US dollar. The USDINR spot price is expected to trade in a range of Rs 79.20 to Rs 80.50 in next couple of sessions, according to analysts. Today, focus will be on the preliminary …

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Gold prices to trade sideways to up this week; may remain firm in short-term on market uncertainty

By Tapan Patel Commodity prices traded mixed with most of the commodities in the non-agro segment witnessed selling except gold for the week. Bullion prices decline on Friday following strong US data.  Crude oil prices plunged by nearly 10% on recession fears and rise in US production. Base metals capped upside on weak US and …

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Sensex extends up-move, ends at 59462, Nifty just shy of 17700; check support, resistance for next week

Domestic benchmark indices continued to soar higher on Friday, ending the week with gains. S&P BSE Sensex added 130 points or 0.22% to settle at 59,462 while the NSE Nifty 50 index was just shy of 17,700 on closing bell after gaining 39 points or 0.22%. Bank Nifty index was also in the firm control …

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US stocks end higher as dip buyers emerge in seesaw session; Dollar, oil rise, treasury yields stay lower

US stocks ended the day higher after swinging between modest gains and losses as mixed economic and earnings reports failed to spark a broad conviction trade. The dollar and bonds also rose. The S&P 500 rose 0.2%, in a session marked volumes holding about 20% below the 30-day average that can exacerbate price swings. Light …

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Rupee may remain sideways amid strong USD, dismal macroeconomic data; FII inflows; USDINR to trade flat

The Indian Rupee is likely to trade sideways on Thursday amid strong US dollar, dismal macroeconomic data, risk-on sentiments and foreign fund inflows. USDINR pair is likely to consolidate in the range of 79.35 to 79 ahead of the RBI Monetary Policy Committee meeting on Friday, according to forex analysts. In the previous session, rupee …

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Sebi notifies rules to enhance prudential norms for investments by portfolio managers

Capital markets regulator Sebi has amended rules governing portfolio managers, under which they will not be allowed to invest clients’ funds in unrated securities of their related parties or associates. The move is aimed at enhancing prudential norms for investments by portfolio managers, including investments in associates and related parties. Under the notified rules, the …

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